iBiquity Digital Named Third Fastest Growing Technology Company in Maryland

iBiquity Digital Named Third Fastest Growing Technology Company in Maryland

COLUMBIA, Md., Oct. 12 /PRNewswire/ -- iBiquity Digital, the sole developer of digital HD Radio technology, announced today that it has been named the third fastest growing technology company in Maryland in Deloitte's annual Technology Fast 50 Program. The rankings are based on the percentage of revenue growth over five years, from 2000-2004. Deloitte ranked iBiquity as the 17th fastest growing technology company last year.

Robert Struble, president and CEO for iBiquity Digital Corporation stated, "iBiquity is proud of this prestigious recognition. It reflects the tremendous long-term effort of our employees and our partners -- AM/FM radio broadcasters, transmission equipment, semiconductor and radio manufacturers -- in commercializing HD Radio technology. It also highlights the great momentum that HD Radio technology has established in the marketplace with more than 2,800 stations now in the process of upgrading to HD Radio broadcasting."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com/.

About HD Radio(TM)

HD Radio technology transmits digital audio and data alongside existing AM and FM analog signals, allowing listeners with HD Radio-compatible receivers to enjoy CD-quality sound, while virtually eliminating the static and hiss typically associated with analog radio. Beyond delivering superior sound, the technology provides a platform for advanced new services, including scrolling text on receiver display screens (e.g., artist names & song titles, weather forecasts, school closings); delivery of real-time traffic updates to vehicles; and multicasting -- a feature that allows FM stations to broadcast up to eight digital streams of programming over a single frequency and in addition to existing analog signals. Over 2,800 radio stations in the U.S. are in the process of converting to the HD Radio system with more than 500 HD Radio broadcasters currently on the air. HD Radio receivers are now available or expected later this year from: ADA, Alpine, Boston Acoustics, DaySequerra, JVC, Kenwood, Panasonic, Radiosophy, Rotel, Sanyo, and Yamaha, with many more under development.

About iBiquity Digital Corporation

iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, 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, Belmont, CA and Warren, NJ. For more information please visit: http://www.ibiquity.com/.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services -- and serves more than one- half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.

In the U.S., Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries) and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's website at http://www.deloitte.com/us.

Source: iBiquity Digital Corporation

CONTACT: Vicki Stearn of iBiquity Digital Corporation, +1-410-872-1565, stearn@ibiquity.com; or Gil Chorbajian of Ogilvy Public Relations, +1-518-355-0966, gil.chorbajian@ogilvypr.com, for iBiquity Digital Corporation

Web site: http://www.ibiquity.com/ http://www.deloitte.com/ http://www.fast500.com/

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