Fujitsu Ten and iBiquity Digital Ink Technology Development and Marketing Deal
16 October 2000
Fujitsu Ten and iBiquity Digital Ink Technology Development and Marketing Deal
DETROIT--Oct. 16, 2000--iBiquity Digital, the leading provider of digital AM and FM radio broadcast technology in the U.S., and Japan based Fujitsu Ten, a leading automotive receiver manufacturer, today announced they have signed a Joint Technology and Marketing Development Agreement.
Under the terms of their agreement, the companies have agreed to further the implementation of iBiquity Digital's AM and FM digital radio broadcast technology, iDAB(TM), and work together to develop a product marketing and technology development plan for Fujitsu Ten digital radio receivers.
Today, radio in the United States is broadcast using analog signals. iBiquity Digital's iDAB technology will enable AM and FM broadcasters to transmit a digital signal capable of integrating CD-quality audio with crystal clear reception and wireless data signals.
This integrated audio and data transmission capability will enable a variety of consumer applications, such as station and program content, stock and news information, local traffic and weather, and much more.
"This agreement is a big step in the direction of supplying our iDAB technology to auto manufacturers," said Robert J. Struble, President and CEO of iBiquity Digital. "Fujitsu Ten is a leading supplier of mobile automotive radio products and we are very pleased that they have chosen to partner with iBiquity in bringing this next generation of AM and FM radio, with its enhanced sound quality and exciting new technology and applications, to America's driving public.
"iBiquity Digital, with its iDAB broadcasting technology, is a major force in the revolution of in-vehicle entertainment and information services," said Tatuo Ito, Department General Manager, Research & Development Department, Fujitsu Ten. "We are delighted to team with iBiquity Digital in the development of radio receivers for seamless digital broadcasts of high-quality audio entertainment and unprecedented new services."
About Fujitsu Ten
Fujitsu Ten (www.fujitsu-ten.co.jp/english/) is one of Japan's leading automotive components companies. Fujitsu Ten manufactures and sells mainly automobile related equipment, including audio-visual products, car electronic devices, mobile communications radios and intelligent transportation systems. The Fujitsu Ten head office and main plant are located in Kobe with additional plants and sales offices located throughout Japan. The company also has offices in the United States, Europe, Singapore, Philippines, China and Australia.
About iBiquity Digital
iBiquity Digital (www.ibiquity.com) is a leading technology innovator working to develop and commercialize digital radio and audio compression technology solutions. It's AM and FM digital broadcast technology, iDAB(TM), will transform the terrestrial radio industry from being providers of audio-only analog to being providers of high quality digital audio and data services. PAC(TM) is a highly customizable audio compression technology currently being incorporated into wireless solutions, such as XM Satellite Radio's Satellite Digital Audio Radio System (SDARS).
iBiquity Digital was formed from the merger of Lucent Digital Radio and USA Digital Radio. The company is privately held with operations in Columbia, MD, Warren, NJ, and Detroit MI.
iBiquity Digital's investor group serves as a major source of guidance and support. The broad investor coalition includes 15 of the nation's largest radio broadcasters, and other prominent technology, media and investment companies: ABC, Inc., New York ; Allbritton New Media, Inc., Washington, DC; AMFM, Inc., Dallas, ; Beasley Broadcast Group, Inc., Naples, Florida ; Bonneville International Corporation, Salt Lake City; Chase Capital Partners, New York, an affiliate of Chase Manhattan Corporation ; Citadel Communications Corporation, Las Vegas ; Clear Channel Communications, Inc., San Antonio ; Cox Radio, Inc., Atlanta ; Cumulus Media, Inc., Milwaukee ; DB Capital Partners, New York; Emmis Communications, Indianapolis ; Entercom Communications Corporation, Bala Cynwyd, Pennsylvania ; Flatiron Partners, New York; Gannett Company, Inc., Arlington, Virginia ; Granite Ventures, LLC., San Francisco; Grotech Capital Group, Timonium, Maryland; Harris Corporation, Melbourne, Florida ; Hispanic Broadcasting Corporation, Dallas ; J&W Seligman & Co. Incorporated, New York; Lucent Technologies, Murray Hill, New Jersey ; Pequot Capital, Westport, Connecticut; Pictet, Geneva, Switzerland; Radio One, Inc., Lanham, Maryland ; Regent Communications, Inc., Covington, Kentucky ; Riggs Capital Partners, LLC, Washington, DC; Saga Communications, Inc., Grosse Pointe, Michigan (AMEX: SGA); TI Ventures, Dallas; Viacom Inc., New York ; Visteon Corporation, Dearborn, Michigan ; Waller-Sutton Media Partners, New York; Whitney & Co., Stanford, Connecticut; and Williams, Jones & Associates, Inc., New York.