Ford Motor Company Selects RecepTec's Satellite Antenna
28 September 2000
Ford Motor Company Selects RecepTec's Satellite AntennaGRAND BLANC, Mich., Sept. 27 RecepTec LLC and Ford Motor Company announced today a multi-year Purchase and Supply Arrangement, signed on September 1, under which Ford will purchase satellite antennas from RecepTec to be used with its satellite radio system to be launched next year. Ford will soon offer its customers the opportunity to receive satellite radio programs broadcast by Sirius Satellite Radio. From its three orbiting satellites, Sirius will directly broadcast up to 100 channels of digital- quality programming to motorists throughout the continental United States. Ford Motor Company Purchasing Executive Director, Lisa Klein stated, "RecepTec has demonstrated a clear leadership position in the area of satellite reception technology. We are also impressed by their ability to provide reception solutions in other areas such as cellular and navigation as well as testing and evaluation support." RecepTec President, George E. Caston confirmed that the relationship includes an equity incentive program that will earn the carmaker a minority interest in RecepTec. "RecepTec focuses on innovative, integrated solutions, which meet our customers' increasing demands for multiple reception capabilities in their vehicles," states Bernd Leinwetter, RecepTec's Chairman. "This new alliance with Ford fits perfectly into our global strategy as we continue to expand our relationships with vehicle manufacturers around the world."