Porsche to Offer Factory-Installed XM Radio on Three Porsche Models
WASHINGTON, July 13 -- XM Satellite Radio , the nation's leading provider of satellite radio with more than 2.1 million subscribers, today announced that Porsche, one of the world's premier automobile manufacturers, will offer XM Radio as a factory-installed feature on three Porsche models for the 2005 model year.
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XM will be available on the 2005 Porsche Cayenne, Porsche Cayenne S, and Porsche Cayenne Turbo models. Porsche vehicles with XM Radio will come with a three-month trial subscription to the XM service, which offers more than 120 channels of commercial-free music and news, sports, talk, and entertainment programming in crystal-clear sound from coast to coast.
"We are very pleased that a renowned automaker such as Porsche will offer XM Radio beginning this fall," said Hugh Panero, President and CEO of XM Satellite Radio. "XM's availability as a factory-installed feature on Porsche vehicles is further proof of XM's fast-growing popularity."
Customers can now place orders for the 2005 Porsche models equipped with XM Radio at Porsche dealers across the continental U.S.
About XM Satellite Radio
XM is America's #1 satellite radio service with more than 2.1 million subscribers. Broadcasting live daily from studios in Washington, D.C., New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM's 2004 lineup includes more than 120 digital channels of choice from coast to coast: 68 one-hundred-percent commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 34 channels of premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for "on the go" are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory-installed option on more than 40 new General Motors models, as well as a standard feature on several top-selling Honda and Acura models. JetBlue Airways and AirTran Airways passengers will be able to listen to XM's programming in-flight later in 2004. This fall, XM will offer XM NavTraffic, a new service that will provide real-time traffic information for vehicle navigation systems. For more information about XM, visit http://www.xmradio.com/.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-15-04. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
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