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Clarion to offer IBOC Digital AM and FM Radios

Leading Developer of In-Car Entertainment Systems and iBiquity Finalize License Agreement

Columbia, MD and Warren, NJ - (April 4, 2002) - iBiquity Digital Corporation, the sole developer and licenser of digital AM and FM broadcast technology in the United States, and Clarion Co. Ltd., an industry leader in the fast-moving field of in-car entertainment, announced today that Clarion has licensed iBiquity’s IBOC (In-Band On-Channel) AM and FM digital broadcast technology. Clarion will incorporate iBiquity technology into mobile receivers slated for launch at the Consumer Electronics Show (CES) in January 2003. Clarion will also incorporate IBOC technology for availability to automakers in 2004. Clarion supplies in-car entertainment systems to GM, Ford, Nissan and other leading automakers.

”IBOC’s digital audio and wireless data capabilities are a perfect fit with the radio and telematics products we are developing,” said Dr. Minagawa, Director and General Manager of R&D Division of Clarion. “In addition to exceptional audio, the technology will enable a host of new multimedia options in the vehicle, such as delivering traffic information on demand, enabling a visual component to radio for backseat listeners, and much more.”