NEW YORK - August 25, 2005 - SIRIUS Satellite Radio (NASDAQ: SIRI) today announced the debut of its first wearable satellite radio, the SIRIUS S50, which allows users to capture and store up to 50 hours of SIRIUS content, or a mix of SIRIUS programming and MP3/WMA files, enabling listening on the go. The SIRIUS S50 is scheduled to be available at retail this October.
The SIRIUS S50 measures just 1.9 by 3.9 inches and 0.7 inches thick, and includes a full color display, sleek black exterior and voice-assisted channel navigation. When attached to a home dock, car dock or executive docking station, the SIRIUS S50 provides easy access to live content, and captures and stores both scheduled and unscheduled SIRIUS programming. This feature allows users to listen to SIRIUS' unique programming anywhere.
The SIRIUS S50 stores content in a variety of formats for listening on the go, including "My SIRIUS Channels," "My SIRIUS Songs," "Scheduled Record," and "My Playlists."
The car and home kits utilize a rotary "SIRIUS Media Dial," which provides quick and easy access to content. Listeners can turn the knob to find their favorite SIRIUS channel, tilt to pause, rewind, fast-forward or save a favorite song or show. In addition, voice-assisted navigation tells the user what channel they've selected, eliminating the need for the user to take their eyes off the road while driving. The radio also includes 30 channel presets; a jump button for one-touch tuning to traffic and weather reports or to a favorite SIRIUS channel; a sports ticker that flashes personalized sports scores; and a "Game Alert" feature which prompts when the user's favorite NFL, NHL, NBA, or other sports teams are playing on SIRIUS.
"The wearable SIRIUS S50 provides subscribers with extensive versatility when it comes to when, where and how they receive their favorite SIRIUS programming," said Jim Meyer, President of Operations and Sales for SIRIUS. "This small satellite radio is full of exciting, easy to navigate features for everyone from the least to the most tech savvy consumer."
The SIRIUS S50 will be available for a suggested retail price of $359.99, and includes wearable accessories (6-hour rechargeable battery, ear buds, belt clip, armband, USB cable and AC adapter) and a car dock, which includes an adhesive mount, custom cigarette lighter power adapter, a remote control, ultra-low profile antenna, DC input and line output. A home dock, which includes audio mixing for PC sound pass-through, and connects to speakers and PCs, a remote control, home antenna, USB cable, audio cable and power supply will be available for MSRP $99.99. A desk or wall mountable executive system, including high fidelity speakers, will also be available. Replaceable batteries will be sold separately.
Additional information about the SIRIUS S50 will be available on the SIRIUS website in mid-September.
SIRIUS delivers more than 120 channels of the best commercial-free music, compelling talk shows, news and information, and the most exciting sports programming to listeners across the country in digital quality sound. SIRIUS offers 65 channels of 100% commercial-free music, and features over 55 channels of sports, news, talk, entertainment, traffic and weather for a monthly subscription fee of only $12.95. SIRIUS also broadcasts live play-by-play games of the NFL and NBA, and is the Official Satellite Radio partner of the NFL.
SIRIUS radios for the car, truck, home, RV and boat are manufactured by Alpine, Audiovox, Blaupunkt, Clarion, Delphi, Jensen, JVC, Kenwood, Pioneer, Sanyo and XACT Communications. Available in more than 25,000 retail locations, SIRIUS radios can be purchased at major retailers including Best Buy, Circuit City, Crutchfield, Costco, Office Depot, Sears, Target, Wal-Mart and RadioShack. SIRIUS is also available at heavy truck dealers and truck stops nationwide.
SIRIUS radios are currently offered in vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep®, Land Rover, Lexus, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Toyota, Porsche, Volkswagen and Volvo. Hertz currently offers SIRIUS at major locations around the country.
Click on www.sirius.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.
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, 2004 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our operational results are: our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming partners, our competitive position and any events which affect the useful life of our satellites.
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