Ford Motor Company and iBiquity Digital Corporation Form Business Alliance

DETROIT, COLUMBIA, Md. and WARREN, N.J., Jan. 9 -- iBiquity Digital, the sole developer and licenser of digital AM and FM radio broadcast technology in the U.S., and Ford Motor Company , the world's second largest automaker, today announced that they have reached an agreement to investigate opportunities to deploy iBiquity Digital's AM and FM digital radio technology in Ford vehicles, bringing digital audio technology to Ford's customers. Additionally, Ford will gain an undisclosed equity position in iBiquity Digital.

``As the world continues to move toward digital products, iBiquity provides Ford an opportunity to explore similar solutions for in-vehicle audio,'' said a Ford Spokesperson. ``We look forward to working with iBiquity over the coming months to investigate bringing its technology to our cars and trucks.''

The companies have the intention to investigate opportunities and evaluate the timing of a potential deployment of AM and FM digital radio in Ford, Lincoln and Mercury vehicles.

``We are extremely pleased that Ford has chosen to investigate implementing digital AM and FM receivers into its vehicles, and work with us to develop a deployment plan,'' said Detroit based Jeff McGannon, Director OEM Business Development, iBiquity Digital. ``As the world's second largest automaker, Ford's participation in the conversion of today's radio from analog to digital signals its foresight in utilizing new technologies to satisfy the needs of its customers.''

About Ford Motor Company

Ford Motor Company is the world's second largest automaker with manufacturing and distribution operations in more than 200 markets across the world. Its automotive brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury and Volvo. Its automotive-related products and services include Ford Financial, Hertz, and Quality Care.

About iBiquity Digital

iBiquity Digital is the sole developer and licenser of digital AM and FM broadcast technology, which will transform traditional analog radio to digital, enabling radically improved sound. The company's investors include 14 of the top radio broadcasters in the United States, including ABC, Clear Channel Communications, Infinity Broadcasting, a wholly owned subsidiary of Viacom, Inc., and Radio One, as well as leading technology innovators like Lucent Technologies, Texas Instruments and Visteon. iBiquity Digital is a privately held company with operations in Columbia, MD., Detroit, MI. and Warren, NJ. For more information, visit www.ibiquity.com.