XM And Antex To Offer Multi-Zone Satellite Radio Receivers For The Home

CONSTELLATIONS

Antex To Offer Multi-Zone and XM Receivers For The Home

And XM Radio Satellite

Washington (SPX) May 28, 2004
XM Satellite Radio on Friday announced an agreement under which Antex will develop and market high-end satellite radio products for receiving XM's critically- acclaimed programming.

The first product developed under the agreement, the XM-3000 multizone satellite receiver, will be introduced into the Antex TriplePlay line of multizone receivers and will be ready for market later this year.

"Antex is a leading designer and manufacturer of high-end audio products, and we're glad to be working with them to develop new products for listening to XM's 120-plus channels of commercial-free music and premier talk programming," said Phil Whitworth, XM Director of Product Marketing.

"The XM- 3000 is a strong response to the growing consumer demand for XM service throughout the home and provides an excellent platform for delivering XM into a variety of listening spaces."

"We're pleased to put our expertise in satellite audio product development to work with XM," said David Foley, Antex president.

"We have been pioneers in developing commercial and consumer satellite receivers for digital audio services, and the opportunities presented by this partnership will continue to keep us at the forefront in both the consumer and commercial market segments."

The XM-3000 receiver enables listeners to receive up to three different XM Radio channels and distribute them to different rooms, or zones, simultaneously.

To accomplish this, the XM-3000 receives XM programming via a single antenna. This input is split internally into three tuner modules, each containing the complete XM programming lineup.

Users will have three ways to control each of the three tuners: Directly through the buttons on the front panel; via an infrared wireless remote control (included); or through wired or wireless controllers located throughout the house. Individual subscriptions are required for each of the three tuners.

Antex, which develops digital audio products for commercial and home use, makes digital audio satellite receivers for a variety of satellite applications, and it is the first company in the world to develop and market multi-zone satellite audio receivers.

Multi-zone receivers receive and distribute multiple satellite audio channels simultaneously, and can be used in both home and commercial settings.

AEROSPACE

GE Acquire $2 Billion In Assets From Boeing Capital

Stamford CT (SPX) May 25, 2004
GE Commercial Finance, the business-to-business financial services unit of General Electric has agreed to purchase approximately $2 billion in assets from Boeing Capital Corporation. The agreement is subject to normal regulatory review and expected to close in the second quarter of 2004.

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