NEW YORK, GARDENA, CA & INDIANAPOLIS, IN – September 4, 2003 – SIRIUS (NASDAQ: SIRI), known for delivering the very best in commercial-free music and premium audio entertainment to cars and homes across the country, announced that Antex Electronics, a leading developer of professional digital audio and satellite receiver products, is introducing the world’s first satellite radio specifically designed for use in multi-room, multi-zone audio systems. The three-zone SIRIUS receiver, SRX-3 TriplePlay, unveiled today at the CEDIA Expo, consolidates multiple tuners into a single component, allowing listeners in different rooms to play different SIRIUS streams simultaneously over a single distributed audio system. The SRX-3, suitable for home or commercial use, will be available in November.
The first-of-its-kind satellite radio receiver is designed for use in multi-zone, multi-room audio systems typically found in luxury homes, offices, and retail businesses. Equipped with both IR and RS-232 control, the SRX-3 integrates easily with popular entertainment control systems from Crestron, AMX, Sonance, Niles, Elan, Kenwood, and other companies. Suitable for tabletop display or rack mounting, the receiver is tailored to the needs of the custom electronics installers. The SRX-3 carries a manufacturer’s suggested retail price of $1,695.00. Subscription to SIRIUS, priced at $26.85 for non-commercial three-zone applications, is also required.
“We are excited to provide the customized installer and home owner with a value-added entertainment option,” said Larry Pesce, Senior Vice President, product management at SIRIUS. “Partners such as Antex allow us to stay ahead of the curve in the product development cycle and provide music lovers with the very best in premium entertainment in the car at home, and at work.”
”This is an exciting development for consumers and tremendous opportunity for home electronics installers and professional sound contractors,” said Dave Foley, President, Antex Electronics. “We are thrilled to partner with SIRIUS in making satellite radio a practical option for distributed audio systems, and believe the product will appeal to owners of existing systems as well as new customers for multi-zone audio."
Features of the SIRIUS/Antex Multi-zone receiver SRX-3 TriplePlay:
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. 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 and Audi. Automotive brands that have announced plans to offer SIRIUS in select models include Ford, Lincoln, Mercury, 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 motorhomes, have also announced plans to offer SIRIUS. Click on SIRIUS.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.
About Antex Electronics
Founded in 1983, Gardena, CA based Antex Electronics is a leading developer and original equipment manufacturer of digital audio sound cards, satellite receivers and Internet appliances for the broadcast, communications, and entertainment industries. Antex products are used around the world in mission-critical audio applications for a wide variety of consumer and corporate customers, including Akamai, Microsoft, Yahoo, DMX MUSIC and Pinnacle Systems. For further information about Antex or the company’s products, visit www.antex.com.
Forward Looking Statements for SIRIUS 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.