Microtune to Develop HD Radio Tuners for Automotive Market.Business Editors & High Tech Writers CONVERGENCE 2002 SHOW DETROIT--(BUSINESS WIRE)--Oct. 21, 2002 Microtune's RF front-end tuners will support iBiquity Digital's HD Radio technology, providing a key component to allow for digital audio broadcasts and wireless data services to U.S. drivers MICROTUNE(R), Inc. (Nasdaq:TUNE) announced plans at this year's Convergence show in Detroit to develop high-quality, high-performance radio frequency (RF) front-end tuners for IBIQUITY DIGITAL Corporation's HD Radio(TM) technology for integration into automotive digital receiver products. Through a Joint Technology and Marketing Development Agreement, Microtune plans to work closely with iBiquity as Microtune designs tuners to allow for the reception of HD Radio technology. Microtune's tuners will support the rapidly increasing demand for next-generation car receivers with digital AM/FM AM/FM Amplitude Modulation / Frequency Modulation AM/FM Auto-Mapping/Facilities Management and wireless data services for telematics applications. Microtune is currently displaying HD Radio-capable RF front-end tuners in its booth (# 1342) at Convergence 2002, October 21-23, 2002 at the COBO COBO Church Of (Jimmy) Buffett, Orthodox COBO Care of Box Office (for collection of event tickets, ticketing industry) Conference Center in Detroit, MI. Microtune is a leading international RF-based silicon and systems supplier and a pioneer in the development of RF silicon technology. Among its target markets, Microtune provides automotive customers a suite of tuners, amplifiers and Bluetooth(TM) solutions that enable in-vehicle information, entertainment and wireless and hands-free communications. iBiquity Digital(TM) is the sole developer and licenser of HD Radio technology in the U.S., which is expected to transform today's analog radio to digital, enabling upgraded sound, crystal clear reception, on-demand interactive audio and new wireless data services. Jeffrey Jury, senior vice president and Co-COO, iBiquity Digital Corporation stated, "We are pleased to be working with Microtune as it develops HD Radio-compatible tuner products for automaker receiver suppliers. With today's tech-savvy consumer demanding digital technology, Microtune's specialized RF technology is an important component in the deployment and commercialization of HD Radio technology for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. and its customers." "Microtune is committed to providing forward-looking RF solutions for the automotive market, and digital radio is the next stage in the evolution of in-car audio and video entertainment," said Douglas J. Bartek, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Microtune. "By supporting iBiquity's HD Radio technology, we will supply our customers the enabling technology to deliver the highest possible audio quality to consumers, along with enhanced services that will add convenience to the driving experience." ABOUT HD RADIO HD Radio technology, iBiquity's in-band on-channel In-band on-channel (IBOC) is a method of transmitting digital radio and analog radio broadcast signals simultaneously on the same frequency. By utilizing additional digital subcarriers or sidebands, digital information is "piggybacked" on a normal AM or FM analog (IBOC See HD Radio. ) solution, enhances AM and FM broadcasts with digital signals that improve listening quality and allow broadcasters and automotive manufacturers the opportunity to provide value-added services, such as automaker provided information specific to the type of vehicle. Additionally, broadcasters can offer to consumers station information, song and artist identification, stock and news reports, local traffic and weather alerts and much more. Broadcasters plan to begin transmission of HD Radio signals starting in the 4th quarter of 2002 in 11 markets (Atlanta, Boston, Chicago, Dallas, Denver, Detroit, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Miami, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Seattle). ABOUT IBIQUITY DIGITAL CORPORATION iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S., which will transform today's analog radio to digital, enabling radically upgraded sound and new wireless data services. The company's investors include 15 of the nation's top radio broadcasters, including ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , Clear Channel and Viacom; leading financial institutions, such as J.P. Morgan Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Lucent, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. and Visteon. iBiquity Digital is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with operations in Columbia, MD, Detroit, MI, Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , CA and Warren, NJ. For more information www.ibiquity.com. ABOUT MICROTUNE Microtune, Inc. is a leading silicon and systems company that designs, manufactures and markets radio frequency (RF)-based solutions for the global broadband communications, automotive electronics and wireless connectivity markets. Inventors of the MicroTuner(TM) single-chip broadband tuner, the Company offers a portfolio of advanced tuner, amplifier, transceiver and wireless products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 22 U.S. patents for its technology, with more than 50 applications pending approval that span its RF and wireless products, containing more than 2000 supporting claims. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design, manufacturing and sales centers located around the world. The web site is www.microtune.com. Microtune is traded on the NASDAQ Stock Exchange under the symbol TUNE. MICROTUNE FORWARD LOOKING STATEMENT This press release contains forward-looking statements, including those discussing the outcome and merits of the lawsuits, that are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are generally accompanied by words such as "plan," "estimate," "expect," "believe," "could," "would," "anticipate," "may," or other words that convey uncertainty of future events or outcomes. These forward-looking statements and other statements made elsewhere in this release are made in reliance on the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Factors which could cause actual results to differ include the Company's ability to successfully prosecute, defend and win the lawsuits and the ability of the Company to recover the actual costs of the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , any of which may cause the Company's financial results to fluctuate. Readers are referred to the reports and documents filed by Microtune with the Securities and Exchange Commission from time to time, including its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, Form 10Q for each quarter and Form S-3 filed on August 17, 2001, as amended. EDITOR'S NOTE: Microtune is a registered trademark and MicroTuner, MicroStreamer and VideoCaster are trademarks of Microtune, Inc. iBiquity Digital and HD Radio are trademarks of iBiquity Digital Corporation |
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