Chrysler LLC and SIRIUS Satellite Radio Extend Exclusive Relationship
- Extends Exclusive Partnership Five Years to 2017
- Encompasses Chrysler, Jeep(R) and Dodge Brands
- SIRIUS Factory-Installed in Greater Than 70% of US Production
NEW YORK, Feb 13, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) and Chrysler LLC today announced an agreement that extends SIRIUS' exclusive relationship with Chrysler LLC through September 2017. All Chrysler LLC brands -- Chrysler, Jeep and Dodge -- are covered by the agreement.
SIRIUS is currently available in most Chrysler, Jeep and Dodge models. This agreement targets a penetration rate for SIRIUS factory-installed radios in greater than 70% of vehicles built for the U.S. by Chrysler. Chrysler also installs SIRIUS Backseat TV(TM) and SIRIUS Traffic in select vehicles.
"SIRIUS is proud to extend our exclusive relationship with Chrysler, Jeep and Dodge," said Mel Karmazin, CEO of SIRIUS. "Chrysler will be selling millions of vehicles with SIRIUS and we look forward to a very significant number of Chrysler customers becoming part of our already very satisfied SIRIUS family of more than 8.3 million subscribers."
SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR and NBA, and broadcasts live play-by-play games of the NFL and NBA, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.
SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 80 channels of talk, entertainment, sports, and 100% commercial free music.
SIRIUS Backseat TV(TM) is the first ever live in-vehicle rear seat entertainment featuring three channels of children's TV programming, including Nickelodeon, Disney Channel and Cartoon Network, for the subscription fee of $6.99 plus applicable audio subscription fee.
SIRIUS products for the car, truck, home, RV and boat are available in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.
SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.
Click on www.sirius.com to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.
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, 2006 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.
O-SIRI MEDIA CONTACT: Sal Resendez SIRIUS 646 313 2405 email@example.com Patrick Reilly SIRIUS 212 901 6646 firstname.lastname@example.org
SOURCE SIRIUS Satellite Radio
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