Visteon and iBiquity Digital Form Strategic Alliance to Develop AM and FM Digital Radios.Business Editors/Hi-Tech Writers COLUMBIA, Md. & WARREN, N.J.--(BUSINESS WIRE)--Aug. 14, 2000 - World's Second Largest Automotive Systems Supplier Takes Equity Position in Leading Digital Radio Technology Developer - iBiquity Digital, a new company created from the merger of Lucent Digital Radio and USA Digital Radio and the leading developer of digital AM and FM radio broadcast technology, today announced that Visteon, the world's second largest supplier of automotive components and integrated systems, has become an investor in iBiquity Digital. Visteon joins a prestigious list of investors that includes Lucent Technologies, Viacom Inc.'s Infinity Broadcasting Corporation, and Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. , Inc. Visteon will develop automotive AM and FM digital radios using iBiquity's patented technology. Visteon (NYSE NYSE See: New York Stock Exchange :VC) recently became independent from Ford Motor Company and Visteon's $19.4 billion in 1999 sales ranks 87th on the Fortune 500 list. Visteon's global customer base, including Ford, General Motors, Honda, and Nissan, have selected Visteon to provide products such as navigation, communication, entertainment, in-car computing, and audio systems for future vehicles. Concurrent with the announcement of the Visteon-iBiquity strategic alliance, Visteon plans to announce the formation of a new business system focused on telematics and multimedia products. The new telematics and multimedia business system at Visteon will develop an AM and FM digital radio for automotive aftermarket and OEM platforms, using iBiquity Digital's In-Band On-Channel Digital Audio Broadcast (IBOC DAB) technology. In addition, Visteon will make its Digital Signal Processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). (DSP) technology available to select radio chip manufacturers for sale to receiver manufacturers. This DSP technology will act as an enabler to iBiquity Digital's IBOC technology. Radio in the United States The beginning of regular commercially licensed sound broadcasting in the United States in 1920 ended the print monopoly over the media and opened the doors to the more immediate and pervasive electronic media. today is broadcast using analog signals. iBiquity Digital's IBOC DAB technology will enable AM and FM broadcasters to send a digital signal, capable of containing CD-quality audio with crystal clear reception and additional wireless data for a variety of consumer applications such as station and program content, stock and news information, local traffic and weather, and much more. "Visteon is developing innovative products to bring information and entertainment into the vehicle, making them an ideal partner to develop digital AM and FM receivers that will revolutionize the way today's consumers experience radio," said Robert J. Struble, President 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. , iBiquity Digital. "This alliance will speed the deployment of digital AM and FM broadcasting, bringing CD-quality sound, traffic and weather information on demand, and much more, quickly to market." "This is a prime example of the strategic alliances we are forming to support our new telematics and multimedia group," said Jim Wynalek, vice president and general manager of Visteon's new business system. "By making our technology widely available and leveraging our expertise in audio systems, we are in a great position to lead the deployment of radios capable of receiving digital broadcasts. Through this alliance with iBiquity, Visteon is taking advantage of its technological leadership and position as the world's largest manufacturer of radio head units to pave the way for the next generation of audio and wireless data systems." Visteon will showcase its alliance with iBiquity Digital Corporation at Convergence 2000 at the Cobo Center in Detroit, Mich., October 16 - 18. About Visteon Corporation 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. The company has 81,000 employees working in three business segments: Dynamics and Energy Conversion; Comfort, Communication and Safety; and Glass. About iBiquity Digital iBiquity Digital is a technology developer whose mission is to develop and commercialize digital radio technology solutions, including audio compression technology, that will transform the terrestrial radio industry from being primarily providers of audio-only analog service to being providers of high quality digital audio and data delivered in mobile and stationary environments. iBiquity Digital is a privately-held company with operations in Columbia, MD and Warren, NJ. 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 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. , Inc., New York (NYSE:DIS); Allbritton New Media, Inc., Washington, DC; AMFM, Inc., Dallas (NYSE:AFM (Atomic Force Microscope) A device used to image materials at the atomic level. AFMs are used to solve processing and materials problems in electronics, telecom, biology and other high-tech industries. ); Beasley Broadcast Group Beasley Broadcast Group, Inc. NASDAQ: BBGI, based in Naples, Florida, is an owner/operator of radio stations in the United States. As of November, 2006, the company owned 16 AM stations and 26 FM stations. , Inc., Naples, Florida (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BBGI); Bonneville International Corporation, Salt Lake City; Chase Capital Partners, New York, an affiliate of Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (NYSE:CMB); Citadel Communications Corporation, Las Vegas (NASDAQ:CITC); Clear Channel Communications, Inc., San Antonio (NYSE:CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ); Cox Radio, Inc., Atlanta, Georgia (NYSE:CXR); Cumulus Media, Inc., Milwaukee (NASDAQ:CMLS); DB Capital Partners, New York; Emmis Communications, Indianapolis (NASDAQ:EMMS); Entercom Communications Corporation, Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. (NYSE:ETM); Flatiron Partners, New York; Gannett Company, Inc., Arlington, Virginia (NYSE:GCI); Granite Ventures, LLC., San Francisco; Grotech Capital Group, Timonium, Maryland; Harris Corporation, Melbourne, Florida (NYSE: HRS); Hispanic Broadcasting Corporation, Dallas (NYSE:HSP); J&W Seligman & Co. Incorporated, New York; Lucent Technologies, Murray Hill, New Jersey
Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland; Radio One, Inc., Lanham, Maryland (NASDAQ:ROIA); Regent Communications, Inc., Covington, Kentucky (NASDAQ:RGCI); Riggs Capital Partners, LLC, Washington, DC; Saga Communications, Inc., Grosse Pointe, Michigan This article is about the incorporated city of Grosse Pointe. For the adjacent area, see Grosse Pointe. Grosse Pointe is a wealthy suburban city bordering Detroit in Wayne County in the U.S. state of Michigan. The population was 5,670 at the 2000 census. (AMEX AMEX See: American Stock Exchange : SGA); TI Ventures, Dallas; Viacom Inc., New York (NYSE:VIA); Visteon Corporation, Dearborn, Michigan (NYSE:VC); Waller-Sutton Media Partners, New York; Whitney & Co., Stanford, Connecticut; and Williams, Jones & Associates, Inc., New York. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion