ONDAS Media Initiates OEM Integration Contracts to Bring Satellite Radio to Europe

ONDAS Media Initiates OEM Integration Contracts to Bring Satellite Radio to Europe

MADRID, July 31/PRNewswire/ -- ONDAS Media S.A., the Madrid-based satellite radio company for Europe, has today announced it has issued integration contracts to its technology partners Delphi, The Fraunhofer-Gesellschaft Institute (FHG) in Germany and Certicom to begin integration activities of its satellite radio system in Nissan vehicles in addition to two further leading premium, high-volume car manufacturers in Europe.

Hardware provider Delphi and FHG - which is responsible for the core RF and Waveform - have now been contracted to ensure ONDAS Media's satellite radio and media system matches the detailed specifications from the OEMs for installation in production vehicles.

"Depending on the OEM's specific internal schedule, these contracts will assure ONDAS Media's delivery of factory-installed radios in millions of cars sold in Europe in the 2011 and 2012 time frame," confirms Christoph With, CFO of ONDAS Media. "This represents a significant growth in capital expenditure approved by our shareholders and reflects a major build-up of our execution plan. We are very appreciative of our initial OEM customers taking the initiative to commit to installing their ONDAS-enabled radios into their vehicles this far in advance. Definitive commitments like these are unprecedented in the satellite radio industry in terms of timing and scope".

In addition, it has been announced that Dave Krueger has been promoted to the position of Chief Executive Officer of ONDAS Media. Krueger replaces Jacinto Palacios who will remain at the company in a consulting capacity.

"Jacinto Palacios has been instrumental in advising the company on executive matters especially in Spain for much of the last two years," confirms Dave Krueger, CEO of ONDAS Media. "And now it's time to focus the company on implementing agreements with our automotive and media partners and with the infrastructure companies as we move into our operational execution phase."

Previously Chief Operating Officer at ONDAS Media, Dave Krueger has over 20 years experience in satellite systems development. He has recently been responsible for securing ONDAS Media's commercial volume agreement to install satellite radio receivers in Nissan and Infiniti vehicles across Europe as well as other European automobile manufacturers, bringing the number of ONDAS Media's total number of pre-sold, factory-installed satellite radios beyond the 1 million mark.

Through its fully integrated, state-of-the-art digital satellite transmission network, ONDAS will broadcast its multi-lingual radio, music, video and data services directly to European consumers in their automobiles, trucks, homes, offices and to their mobile and portable devices. It will provide digital entertainment to 240 million vehicles and up to 600 million European inhabitants on the move 24 hours a day, 7 days a week through more than 150 channels of proprietary and re-distributed music, sports, news, weather, traffic and special interest programming in all the key European languages.

"Satellite Radio has been hugely successful in the US and bringing the benefits of diverse and extensive, commercial free content that can be received by consumers right across Europe is a truly exciting prospect," confirms Krueger. "The investment in these significant OEM integration contracts illustrates yet another milestone in ONDAS Media's progress towards launching pan-European subscription-based services in 2011."

About ONDAS

ONDAS MEDIA S.A. Europe's premier satellite radio company is a pan-European organisation that provides comprehensive digital services for consumers on the move, headquartered in Madrid. ONDAS Media focuses on delivering unparalleled breadth and depth of media content in superior digital quality to European consumers. With its fully integrated, state-of-the-art digital satellite transmission network, ONDAS Media intends to broadcast its multi-lingual radio, music, video and data services directly to European consumers in their automobiles, trucks, homes, offices and to their mobile and portable devices.

ONDAS Media is scheduled to launch its pan-European subscription-based services in 2011. In addition to securing further investment and supporting the necessary regulatory processes throughout Europe, ONDAS Media is establishing strategic partnerships with European OEMs, content providers and infrastructure partners.

          For further information visit http://www.ondasmedia.com.      For Further Press Information Contact:     Mel Betts     Grapevine PR Ltd     +44-1409-211675     +44-7875-085769 (mob)     melanie.betts@grapevinepr.com  

Source: ONDAS Media

For Further Press Information Contact: Mel Betts, Grapevine PR Ltd, +44-1409-211675, +44-7875-085769 (mob), melanie.betts@grapevinepr.com

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Profile: International Entertainment