PANASONIC TO OFFER THIRTEEN XM-READY CAR STEREO HEAD UNITS IN 2005
Las Vegas, Nev. and Washington D.C., January 05, 2005 -- XM Satellite Radio (NASDAQ: XMSR), the nation's leading provider of satellite radio with more than 3.2 million subscribers, announced today that Panasonic, one of the world's leading car stereo manufacturers, will offer thirteen models of XM-Ready car stereo head units in 2005.
"We at XM are thrilled that thirteen 2005 Panasonic car stereo head units will have XM functionality and branding, which we believe will add significant value to an outstanding line of products," said Rocco Tricarico, Director of Product Marketing and Distribution for XM Satellite Radio.
These car stereo units are the first Panasonic models to offer XM Satellite Radio capability and the first to interface with the XM Direct universal tuner box without the need of smart cables. XM provides more than 130 digital radio channels of commercial-free music and premier talk programming from coast to coast.
"Panasonic is very pleased to be able to offer this exciting entertainment option to its valued customers," said Rob Lopez, Group Manager for Panasonic Mobile Electronics Group. "The addition of XM Ready to many of our mobile audio and video products is sure to prove a winning combination."
For 2005, all Panasonic mobile in-dash CD models with a $149 MSRP and higher and the new in-dash monitor with DVD player, model CQ-VD7001U, and the new DVD receiver, model CQ-D5501U will be XM-Ready. The Panasonic models compatible with XM will be branded with the XM logo. Panasonic plans to deliver XM satellite-capable radios beginning in January 2005.
The XM-Ready radios by Panasonic will be able to receive local AM and FM stations in addition to the satellite broadcasts.
In addition to Panasonic, a wide variety of car stereo manufacturers will offer XM-compatible units in 2005, including Audiovox, Audiobahn, Jensen, Dual, and Pyle via the XM Direct universal tuner box. XM Direct adaptors are currently available for car stereo units by Sony, Pioneer, Alpine, and Kenwood.
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