TBK Decoder Receives HD Radio Certification

For Immediate Release

TBK RECEIVES PERFORMANCE CERTIFICATION FOR HD RADIO DECODER MODULE

Columbia, MD and Warren, NJ – (March 31, 2004) – iBiquity Digital Corporation, the sole developer of HD Radio technology, and TBK Electronics Corp, a leading manufacturer of Radio Frequency (RF) modules, today announced HD Radio certification of the TDI 2001-A1 decoding module utilizing the Texas Instruments DRI 200 chip set. This certification will enable licensed consumer electronics manufacturers to speed time-to-market of HD Radio products while helping reduce engineering costs.

“At TBK, our dream is to create a multimedia world inside every car where audio and communication are integrated into one system. We believe that HD Radio technology represents a key piece in the realization of this goal, making today’s certification announcement of our TDI 2001-A1 – the world’s smallest IDM decoding module – an especially significant achievement,” said Samuel Im, Executive Manager, TBK Electronics Corp. “We also hope to soon announce the release of our new all-in-one solution that integrates the RF tuner, analog baseband demodulator and the HD Radio decoding function.”

“Component and module manufacturers such as TBK are essential partners in the successful rollout of HD Radio technology, making the certification of the TDI 2001-A1 tuner an important milestone in the commercialization of HD Radio,” said Jeffrey Jury, chief operating officer, iBiquity Digital Corporation. “We congratulate TBK on their accomplishment and look forward to seeing these modules integrated into a wide range of HD Radio consumer products.”

About TBK Electronics, Inc.
For the last 25 years, TBK Electronics Corp. has kept the first place in producing RF tuners for car audio. TBK has expanded their advancement into amplifiers and communications for car, dreaming of the multimedia world inside every car where audio and communication are integrated into one system.

About iBiquity Digital
iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S., which will transform today’s analog radio to digital, enabling radically upgraded sound and new wireless data services. The company’s investors include 15 of the nation’s top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Redwood City, CA and Warren, NJ. For more information please visit: www.ibiquity.com.

CONTACTS:
Gil Chorbajian
Ogilvy Public Relations
gil.chorbajian@ogilvypr.com