NEW YORK and DETROIT, Oct 31, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) and DaimlerChrysler today announced that they have extended their exclusive relationship through September 1, 2012. The agreement includes all Chrysler Group and Mercedes-Benz vehicles as well as Freightliner Trucks.
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For model year 2006 over 750,000 subscribers are expected to be generated from the Chrysler Group alone, with volumes estimated to increase significantly in the future.
"We are very pleased that DaimlerChrysler has extended our exclusive relationship," said Mel Karmazin, CEO of SIRIUS. "DaimlerChrysler has been a long-standing supporter of SIRIUS since we began broadcasting, and we share the same commitment to provide a quality experience. Together, we can continue to enhance the driving pleasure of Chrysler, Jeep, Dodge, Mercedes-Benz and Freightliner customers with SIRIUS' unique mix of programming, which is the best in all of radio."
"Our relationship with SIRIUS has been a 'win-win' for both companies, as the popularity of satellite radio continues to grow, and as SIRIUS' position as an entertainment powerhouse continues to be recognized," said Robert Schott, Vice President Worldwide Procurement and Supplier Strategy Chrysler Group. Together, we have worked to provide our customers with an enhanced level of in-vehicle entertainment experience, and we are pleased to continue to offer this feature to future Chrysler Group customers."
SIRIUS continues to be available as a factory-installed option on 2006 model year Chrysler Group vehicles, under the Chrysler, Jeep(R) and Dodge brands, with one year of SIRIUS service included in the $195 MSRP of the feature.
SIRIUS delivers more than 120 channels of the best commercial-free music, compelling talk shows, news and information, and the most extensive 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, NHL and NBA and is the Official Satellite Radio Partner of the NFL and NHL.
SIRIUS products for the car, truck, home, RV and boat are distributed by Alpine, Audiovox, Brix Group, Clarion, Delphi, Directed Electronics, Eclipse, Jensen, JVC, Kenwood, Magnadyne, Monster Cable, Pioneer, Russound, Tivoli 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, Target, Wal-Mart, Sam's Club and RadioShack. SIRIUS is also available at heavy truck dealers, truck stops and travel centers nationwide.
SIRIUS radios are currently offered in vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), 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.
O-SIRI Contacts for SIRIUS: Jim Collins Media 212-901-6422 email@example.com Michelle McKinnon Analysts 212-584-5285 firstname.lastname@example.org Jaymie VanValkenburgh Investors 212-584-5158 email@example.com
SOURCE SIRIUS Satellite Radio
media, Jim Collins, +1-212-901-6422, firstname.lastname@example.org, or, analysts, Michelle McKinnon, +1-212-584-5285, email@example.com, or, investors, Jaymie VanValkenburgh, +1-212-584-5158, firstname.lastname@example.org, all for SIRIUS Satellite Radio
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