Pioneer Prepares Consumers For The Age Of Digital Satellite Radio With 14 XM-Ready Products

Pioneer Electronics, the leader in car electronics products, is helping consumers prepare for the age of digital satellite radio with 14 new XM-ready products, including 11 single-CD players, two cassette players and one double-din headunit. Each XM-ready product connects to Pioneer's GEX-P900XM XM tuner through its IP-Bus system, to receive, control, display and play back XM Satellite Radio transmissions.

"XM Satellite Radio is definitely the future of radio broadcasting. Pioneer is supporting XM with a full line of products to receive this type of satellite transmission," said Keith Burnett, vice president of marketing, Pioneer Car Electronics Division. "Much like cable TV, XM Satellite Radio will revolutionize the way we listen to radio. Imagine listening to your favorite radio station from coast to coast without losing signal. You can listen to your preferred music format anywhere, anytime and you'll pick it up in digital quality sound."

In addition to the 14 new XM-ready products, the GEX-P900XM tuner also will be backward compatible with earlier Pioneer model headunits featuring the IP-Bus system.

The GEX-P900XM, an add-on XM tuner, features integrated circuitry in a small, compact package that requires minimal space for installation. The add-on XM tuner includes the external antenna, data cable and all necessary hardware to connect to XM-ready headunits.

For individuals who want to receive XM programming, but prefer not to replace their radio, Pioneer offers a universal FM-modulated XM tuner, the GEX-FM903XM. This tuner can be integrated with any existing radio through the factory antenna connection. With a simple plug-in, a Pioneer XM tuner, and an activated subscription, consumers are ready to receive XM Satellite Radio broadcasting.

XM Satellite Radio (Nasdaq: XMSR) will transform radio by offering up to 100 channels of seamless, digital quality programming. With an XM subscription, consumers can listen to a wide variety of radio programming, anytime, anywhere in the country. XM will launch two geo-stationary satellites early this year and begin broadcasting this summer.

website: www.xmradio.com.

Pioneer Corporation is a leader in optical disc technology and a preeminent manufacturer of high-performance audio, video and computer equipment for the home, car and industrial markets. Its Vision 2005 business plan focuses on four core business domains including DVD, display technologies, Digital Network Entertainment™ and components. Founded in 1938 in Tokyo, Pioneer Corporation employs more than 29,000 people worldwide. The Company's annual revenue is in excess of $5.8 billion (for the year ended March 31, 2000, calculated at the rate of Y106=U.S.$1.00.) Its shares are traded on the New York Stock Exchange under the ticker symbol PIO. Pioneer's U.S. headquarters is located in Long Beach, California.

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