Visteon Partners With PhatNoise(TM) to Deliver the MACH(R) MP3 Jukebox
16 January 2001
Visteon Partners With PhatNoise(TM) to Deliver the MACH(R) MP3 JukeboxDEARBORN, Mich., Jan. 16 Visteon Corporation has signed an agreement with PhatNoise(TM), Inc., a leading-edge technology company that has developed award-winning multimedia platforms for the automotive environment, to introduce a revolutionary vehicle audio system: the MACH(R) MP3 Jukebox powered by PhatNoise(TM). This unique system, designed specifically for the automotive environment, will play up to 4,000 high- quality digital audio tracks, enabling consumers to bring an entire music collection into the vehicle quickly and easily. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) "We are excited to be working with PhatNoise(TM), a leading developer of digital music solutions, to take digital audio from the computer to the car, without the hassle of having to replace the current car stereo system," said Jim Wynalek, Vice President and General Manager of Visteon's Telematics/Multimedia business system. "The MACH(R) MP3 Jukebox, powered by PhatNoise(TM), provides consumers with convenient access to their entire digital music collection while on the road -- up to 4,000 tracks at their fingertips." Here's how the system works: the MACH(R) MP3 Music Manager powered by PhatNoise(TM) software organizes and uploads music files from the computer and into the palm-sized, removable, storage cartridge. A docking station allows the cartridge to interface with the computer. The cartridge contains a hard disk drive that is capable of holding hundreds of hours of music in a device small enough to fit into the palm of your hand. Simply by inserting the portable cartridge into the in-vehicle audio player, users gain access to the extensive selection of stored music files. The player then connects to the existing vehicle stereo, which can be conveniently installed in the trunk, glove box or under a seat and uses the same cable connections as a CD changer. The Visteon MACH(R) MP3 Jukebox powered by PhatNoise(TM) will be available through the aftermarket in the third quarter of 2001. For more information, consumers can visit http://www.eVisteon.com or call 800-VISTEON. Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket. Visteon has a global delivery system of more than 130 technical, manufacturing, sales, and service facilities located in 23 countries. It has 81,000 employees working in three business segments: Dynamics and Energy Conversion; Comfort, Communication and Safety; and Glass. Based in Los Angeles, Calif., PhatNoise(TM), Inc. is a leading-edge, privately-funded developer of next-generation hardware, software and Web integration technologies for digital media. The company takes consumers beyond current concepts in digital music and media by introducing easy and efficient ways to locate, manage, play, and to develop next generation multimedia products. For more information, visit http://www.phatnoise.com . This press release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "estimated" and "potentially" signify forward-looking statements. Forward- looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties, some of which are and will be identified as "Risk Factors" in our SEC filings. See "Risk Factors" section of our prospectus dated June 13, 2000 as filed with the SEC on June 14, 2000. Should any risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition and results of operations. Visteon news releases, photographs and product specification details are available at http://www.visteon.com