Pioneer's XM Satellite Tuners To Hit Retail Floors In September; Pricing Announced

Pioneer (NYSE: PIO), the leader in mobile entertainment products, today announced pricing for its XM Satellite tuners that will be available at retail stores in September 2001. The tuners, which work with various Pioneer head units, will allow consumers to receive 100 digital channels of programming from XM Satellite Radio. Pioneer's line of satellite tuners include:

"We're excited to hear that XM is prepared to go 'live' this September," Keith Burnett, vice president of marketing, Pioneer Mobile Entertainment. "Pioneer is ready to take orders from our retailers, which will ensure that these products will be on their shelves for XM's launch on September 12th. Come September, consumers will be ready to receive XM's programs."

Pioneer's XM tuners are completely compatible with 14 new XM-ready head units introduced in 2001 and also can be used with millions of earlier Pioneer IP-Bus source units.

About XM Satellite Radio

XM Satellite Radio (Nasdaq: XMSR) will transform radio by offering up to 100 channels of seamless coast-to-coast, digital quality programming. With an XM subscription, consumers can listen to a wide variety of radio programming, anytime, anywhere in the country. XM launched two geo-stationary satellites earlier this year and will begin broadcasting this fall. For more information, please visit XM's website: www.xmradio.com.

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