Investor Relations

SIRIUS And Crestron Team To Offer SIRIUS-Ready Home Audio Products

SIRIUS Maintains Leadership Position in Home Products for Satellite Radio

CES, LAS VEGAS & NEW YORK – January 8, 2004 – SIRIUS Satellite Radio (NASDAQ: SIRI), known for delivering the very best in commercial-free music and premium sports programming to cars and homes across the country, and Crestron, a worldwide leading manufacturer of advanced control technology, today announced a partnership to incorporate SIRIUS Satellite Radio capabilities into home-based audio products manufactured by Crestron.

Crestron will bring SIRIUS' nationwide service of commercial-free music and premium sports and entertainment programming, including live play-by-play of the NFL, NBA and NHL, to the growing number of customized homes being built in the United States. The products will be marketed by Crestron, with a focus on the customized installer market.

“We are excited to bring innovative and quality products to the homeowner through our partnership with Crestron,” said Joseph P. Clayton, President and CEO, SIRIUS. "Crestron is proven to be among the best in distributed audio and video, and we are thrilled to add their products to our industry-leading lineup for the home audio market.”

"SIRIUS is an important addition to the Crestron offering of products that keep homeowners and their guests comfortable, entertained and secure," said Fred Bargetzi, Vice President Technical Sales, Crestron. "We are constantly striving to provide the latest products and services like SIRIUS Satellite Radio to our customers."

SIRIUS is the only satellite radio service bringing listeners more than 100 streams of the best music and entertainment coast-to-coast. SIRIUS offers 60 music streams with no commercials, along with over 40 world-class sports, news and entertainment streams for a monthly subscription fee of only $12.95, with greater savings for upfront payments of multiple months or a year or more. SIRIUS is also the official satellite radio partner of the NFL. Stream Jockeys create and deliver uncompromised music in virtually every genre to our listeners 24 hours a day. Satellite radio products bringing SIRIUS to listeners in the car, truck, home, RV and boat are manufactured by Kenwood, Panasonic, Clarion and Audiovox, and are available at major retailers including Circuit City, Best Buy, Car Toys, Good Guys, Tweeter, Ultimate Electronics, Sears and Crutchfield. SIRIUS is the leading OEM satellite radio provider, with exclusive partnerships with DaimlerChrysler, Ford and BMW. Automotive brands currently offering SIRIUS radios in select new car models include BMW, MINI, Chrysler, Dodge, Jeep®, Nissan, Infiniti, Mazda, Audi, Ford and Lincoln-Mercury. Automotive brands that have announced plans to offer SIRIUS in select models include Mercedes-Benz, Jaguar, Volvo, Volkswagen, Land Rover and Aston Martin. Genmar Holdings, the world’s largest manufacturer of recreational boats, Formula Boats and Winnebago, the leading supplier of recreational vehicles and motor homes, also offer SIRIUS. Hertz currently offers SIRIUS in 29 vehicle models at 53 major locations around the country.

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Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our results of operations are: our dependence upon third parties to manufacture, distribute, market and sell SIRIUS radios and components for those radios; the unproven market for our service; our competitive position and any events which affect the useful life of our satellites.