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Tuesday, 07/24/2001 12:44:59 PM

Tuesday, July 24, 2001 12:44:59 PM

Post# of 93819
Pioneer's XM Satellite Tuners to Hit Retail Floors in September; Pricing Announced
http://biz.yahoo.com/prnews/010724/latu074.html

LONG BEACH, Calif., July 24 /PRNewswire/ -- Pioneer (NYSE: PIO - news), the leader in mobile entertainment products, today announced pricing for its XM Satellite tuners that will be available at retail stores in September 2001. The tuners, which work with various Pioneer head units, will allow consumers to receive 100 digital channels of programming from XM Satellite Radio. Pioneer's line of satellite tuners include:


-- GEX-P900XM Add-On Tuner; MSRP: $199. This add-on tuner requires
minimal space for easy installation.

-- GEX-FM903XM Add-On FM Modulated Tuner; MSRP: $249. This tuner
includes a small display and remote control. It can be connected to
any existing mobile FM radio.

-- DEH-P3370XM Head Unit/Add-On Tuner Package; MSRP: $399. For consumers
who want a completely new car stereo, this product includes a single CD
head unit (DEH-P3300) and the add-on tuner in a single package.


``We're excited to hear that XM is prepared to go 'live' this September,'' Keith Burnett, vice president of marketing, Pioneer Mobile Entertainment. ``Pioneer is ready to take orders from our retailers, which will ensure that these products will be on their shelves for XM's launch on September 12th. Come September, consumers will be ready to receive XM's programs.''

Pioneer's XM tuners are completely compatible with 14 new XM-ready head units introduced in 2001 and also can be used with millions of earlier Pioneer IP-Bus source units.

About XM Satellite Radio

XM Satellite Radio (Nasdaq: XMSR - news) will transform radio by offering up to 100 channels of seamless coast-to-coast, digital quality programming. With an XM subscription, consumers can listen to a wide variety of radio programming, anytime, anywhere in the country. XM launched two geo-stationary satellites earlier this year and will begin broadcasting this fall. For more information, please visit XM's website: www.xmradio.com.

About Pioneer

Pioneer Corporation is a leader in optical disc technology and a preeminent manufacturer of high-performance audio, video and computer equipment for the home, car and industrial markets. Its Vision 2005 business plan focuses on four core business domains including DVD, display technologies, Digital Network Entertainment(TM) and components. Founded in 1938 in Tokyo, Pioneer Corporation employs more than 29,000 people worldwide. Its shares are traded on the New York Stock Exchange under the ticker symbol PIO. Pioneer's U.S. headquarters is located in Long Beach, Calif., and its U.S. Web address is www.pioneerelectronics.com.




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