NEW YORK / LONG BEACH, Calif. / INDIANAPOLIS – September 4, 2003 – SIRIUS (NASDAQ: SIRI), known for delivering the very best commercial-free music and premium broadcast entertainment, and Kenwood, a leading developer and manufacturer of audio and video products, today unveiled the satellite radio industry’s first dedicated home satellite radio receiver at the CEDIA Expo in Indianapolis. The first-of-its-kind satellite radio receiver will be available at electronics retailers across the country beginning in October and will allow subscribers to listen to SIRIUS’ 60 streams of 100 percent commercial-free music and more than 40 streams of premium broadcast talk, news and entertainment, all in the comfort of their homes.
The Kenwood DT-7000S, styled with a sleek high tech design, allows consumers to play SIRIUS’ 100 streams of digital entertainment over home audio systems. New satellite radio features, such as the capability to display and catalogue the names of subscriber’s favorite songs and artists, will make the home unit a hot holiday item and must-have for any music fan. The Kenwood DT-7000S will retail for $299.99.
“Music and entertainment fans can now enjoy a breadth of choice in premium audio programming in the home that you can’t get from any other type of entertainment service or Internet Web site,” said Larry Pesce, Vice President, Product Management at SIRIUS. “Kenwood has once again delivered on its promise to produce products that are not only elegant in design but also offer the consumer unprecedented flexibility in controlling when and where they wish to enjoy the SIRIUS streams. Through the use of the RS-232C port on the back of the Kenwood DT-7000S, the custom installer or home audio enthusiast can take full control of accessing our streams from a remote location. This is a terrific feature for those looking to home network their audio components.”
“Kenwood continues to lead the electronics industry in developing products that will build consumer excitement and acceptance for satellite radio,” said Bob Law, Senior Vice President of Kenwood USA. “SIRIUS and its diverse, commercial-free music streams have the power to restore radio as people’s primary choice for music entertainment. The DT-7000S receiver offers performance, features, and styling that will continue to draw customers to SIRIUS as their first choice for satellite radio in the home.”
Features of Kenwood DT-7000S
The Kenwood DT-7000S SIRIUS home receiver has features and functions that you won’t find in a typical radio:
The DT-7000S connects to just about any home audio receiver or pre-amp via its gold-plated RCA jacks or digital optical outputs. To facilitate installation with advanced home audio control systems, Kenwood has equipped the DT-7000S tuner with an RS-232C port. A full-function remote control is also included.
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 Kenwood USA Corporation
Founded in 1961, Kenwood USA Corporation is a leading developer and manufacturer of audio and video products for home, car, and personal use. Offering more than 250 products, Kenwood is one of the three largest selling brands of audio and video entertainment products in the United States and is recognized by consumers and the consumer electronics industry for providing superior quality, reliability and value. Kenwood USA Corporation, based in Long Beach, Calif., is the largest subsidiary of Kenwood Corporation (Japan).
Further information can be obtained by contacting Kenwood USA Corporation, P.O. Box 22745, Long Beach, CA 90801, by calling 1-800-Kenwood, or by visiting www.kenwoodusa.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.