approved by RVR 15.12.2006 FOR IMMEDIATE RELEASE R.V.R Elettronica SpA is the First European Broadcast Equipment Manufacturer to sign HD – Digital - Radio License Columbia, Maryland – Dec. 14, 2006 – Ibiquity Digital Corporation, the sole licensor and developer of digital HD Radio™ technology, today announced that it has licensed R.V.R. Elettronica S.p.A. to develop, manufacture and commercialize HD Radio exciters for AM and FM broadcasters, who are converting to digital broadcasting. R.V.R. Elettronica SpA is the first licensed HD Radio broadcast equipment manufacturer in Europe. “ RVR Elettronica policy is always concentrated on Innovative Technologie. After our big engagement on the first European IBOC trial that took place in Swiss (where RVR has installed both analog and digital Power Amplifiers and the RF Combiner) we get excited to take the opportunity of playing a role of leadership in the spread of HD Digital Radio technology inside Europe. Besides we look forward to work with all European broadcasters during their HD Radio conversions,” said Stefano Ravagnani one of RVR’s owners and Technical Director of R.V.R. Valentino Biavati, also owner of RVR and Sales Director added “We hope that this agreement will allow us to play a prominent role not only in the Italian and European rollout of HD Radio technology, but also in all other countries around the world where RVR is one of the leaders in Radio Broadcasting.” “We are very pleased to license R.V.R to manufacture HD Radio equipment in support of the European adoption of HD Radio technology,” added Jeff Jury, Chief Operating Officer, iBiquity Digital. “With European countries currently testing HD Radio technology, this agreement signifies an important milestone in facilitating the conversion of stations throughout Europe.” Inspired by its ability to deliver digital quality sound and services while leveraging existing analog spectrum, broadcasters are testing and adopting HD Radio technology in countries around the world, including: Australia, Brazil, Canada, France, Indonesia, Mexico, New Zealand, Philippines, Poland, Switzerland, Thailand and Ukraine. About R.V.R Elettronica SpA R.V.R. Elettronica was founded in 1979 in Bologna, Italy. It manufactures telecommunication, FM and TV broadcasting equipment. In 25 Years of existence RVR has made up a well-knowed Group of four companies that employ over 200 professionals, each one dedicated to a specific production sector from SMD Production, to digital and analog Exciters, integrated transmitters, STLs and telemetry systems, solid state and tube high power amplifiers, passiv components , antennas and combiners. R.V.R. is considered one of the leaders in the broadcasting market in the world as suppliers, for quality, range of products and engineering systems. More than 20.000 private and public radio stations, commercial network and community radios in the world are equipped with R.V.R. products. Four International Branches in the USA ( RVR USA in Maiami for USA and South America) , China ( RVR China in Shangai for China and Asia) , RVR Ukraina ( for East Europe) togheter with a selected Network of Distributors assures a complete support for all the customers. Certified according ISO 9000 RVR Elettronica assures maximum quality and an unique synergy of state of the art products and unarrivable operating flexibility. About iBiquity Digital iBiquity Digital Corporation is the developer of the HD Radio™ system which is powering the AM/FM digital radio revolution. This transformational technology allows AM and FM stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer multiple channels of programming on the same frequency (multicasting); crystal-clear, CD-quality sound; services such as real-time weather and traffic updates; and scrolling text and graphics content. Over 1,000 U.S. stations are on the air, with more than 500 offering multicasting channels. iBiquity’s investors are global leaders in the technology, broadcasting, manufacturing, media and financial industries. CONTACTS:Gil Chorbajian Ogilvy Public Relations 518-355-0966 gil.chorbajian@ogilvypr.com Vicki Stearn iBiquity Digital Corporation 410-872-1565 stearn@ibiquity.com RVR Elettronica S.p.A. Phon: +39 051 6010506 Fax: +39 051 6011104 info@rvr.it www.rvr.it iBiquity Digital Corporation, 8865 Stanford Boulevard, Columbia, Maryland 21045 phone: 410-872-1530; fax: 410-872-1531; www.ibiquity.com.