Audiovox Named Exclusive Marketer of RaySat Sat Antenna
AUDIOVOX NAMED EXCLUSIVE MARKETER OF NEW RAYSAT ANTENNA FOR RECEIVING DIGITAL SATELLITE TV IN MOVING VEHICLES Agreement Covers Sales to Retailers, Auto Installers, Auto Expeditors, and Aftermarket Channels in U.S. and Canada VIENNA, Va., March 4, 2005 -- RaySat, Inc., the leading global supplier of in-motion antennas and communications solutions announced that the Audiovox Corporation will be the exclusive marketer of RaySat satellite TV antennas for the automotive aftermarket, including automotive electronics retailers and installers, new car expeditors, and other selected automotive aftermarket sales channels in the United Sates and Canada. Audiovox, a top selling brand of mobile video entertainment systems, will rebrand RaySat’s SpeedRay™ 1000 antenna as the Audiovox SkyBox. The low-profile (5”), roof-mounted system, which receives programming from any U.S. and Canadian direct-to-home digital satellite TV provider, lets moving automobiles receive hundreds of satellite TV and music channels. RaySat makes a similar product used on Europe's high-speed trains and markets another version to auto makers for OEM applications. "The exclusive agreement with Audiovox expanding our product into the 12 volt aftermarket is a tremendous step forward," said Samer Salameh, RaySat's president and CEO. "Audiovox's distribution and reputation in the mobile entertainment segment will give our products a huge push, and its choice of RaySat affirms our position as the technology leader for in-motion satellite TV." "Without question, in-motion TV is the next big wave in back seat mobile entertainment," said Tom Malone, Audiovox Sr. vice president of sales. “Passengers are getting accustomed to having video while traveling, and they want to have access to the same choices on the road that they do at home. They won't watch a DVD if they can get the game, the race, or their favorite reality show on live TV. The SkyBox makes that possible." Malone of Audiovox said the SkyBox, recently unveiled to its retailers and other trade customers at the 2005 Consumer Electronics Show in Las Vegas, would deliver to dealers second quarter. About RaySat Established in1997, RaySat™, Inc. is a leading manufacturer and supplier of in-motion, low-profile, phased-array satellite antennas for the commercial, railway, OEM and aftermarket automotive industries. These antennas allow moving vehicles to receive live satellite television, and the company is the first to offer a low profile antenna solution for high-speed, two-way, Internet connectivity. Staffed by over 140 professionals spanning three continents, RaySat’s management, sales and support staff are headquartered in Vienna, VA. Additional facilities, including R&D and sales offices are located in Europe, Asia and Canada. For additional information please contact RaySat at 703.584.3770 or visit www.raysat.com. About Audiovox Corporation Audiovox Electronics Corporation (AEC) is a wholly-owned subsidiary of Audiovox Corporation . AEC is a recognized leader in the marketing of automotive entertainment, vehicle security and consumer electronics products. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the products marketed by AEC are mobile video systems, portable DVD players, flat-panel TV's, auto sound systems including satellite radio, vehicle security, and consumer electronics products such as extended range two-way radios, multi media products like MP 3 players, and home and portable stereos. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, Jensen, Acoustic Research, Advent, Code Alarm and Prestige brands. For additional information, visit our web site at www.audiovox.com.