Continental Lensa Signs HD Radio License Agreement

Columbia, Maryland – September 20, 2006 – iBiquity Digital Corporation, the sole licensor and developer of digital HD Radio™ technology, today announced that it has licensed Continental Lensa to develop, manufacture and market HD Radio exciters for AM and FM broadcasters who are converting to digital broadcasting. Continental Lensa is the first licensed HD Radio broadcast equipment manufacturer outside of North America.

“With the dramatic increase in planned HD Radio conversions in Brazil and consideration of the technology throughout Latin America, we are now well positioned to assist stations with their HD Radio broadcast equipment needs,” said Marcos Caballero, President of Continental Lensa. “We look forward to playing a prominent role in the international rollout of HD Radio technology.”

“We are very pleased to license Continental Lensa as the first company outside of North America to manufacture HD Radio equipment,” added Jeff Jury, Chief Operating Officer, iBiquity Digital. “This agreement represents an important step in facilitating the conversion of stations around the world to the HD Radio system.”

Inspired by its ability to deliver digital quality sound and services while leveraging existing analog spectrum, HD Radio technology is now being tested and adopted in many other countries, including Canada, France, Indonesia, New Zealand, Philippines, Poland and Thailand.

About Continental Lensa

Continental Lensa is a broadcast equipment manufacturer based in Santiago, Chile with an additional facility in Sao Paulo, Brazil. Currently certificated ISO 9001-2000, the company has delivered more than 700 AM Solid State transmitters to the whole Latin America, Spain and Australia. Nowthe company is applying all it’s efforts and resources in turning a full digital supplier for broadcasters, including into it’s product line AM Solid State Digital Transmitters, FM Solid State Digital Transmitters and in a next future TV Solid State Digital Transmitters.

About iBiquity Digital

iBiquity Digital Corporation is the sole developer and licenser of HD Radio™ technology in the U.S. HD Radio is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception, multicasting (multiple channels broadcast on a single FM frequency) and advanced data services. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and CBS Radio; leading financial institutions, such as Grotech Capital Group, Intel Capital, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. Named one of Deloitte’s Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, and Warren, NJ.

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