Visteon and Advanced Global Technology (AGT) Announce Retail Distribution Alliance
January 10 2007 - 3:58PM
Business Wire
Visteon Corporation (NYSE: VC), and Advanced Global Technology
(AGT) today announced an exclusive retail distribution agreement to
market, sell, and distribute electronics products. AGT will be
distributing three new HD Radio� receivers: Visteon HD Radio
receivers, the Visteon HD Jump�; the HD EZ Connect, and the HD
Table Top Radio along with a full line of accessory products
designed to enhance the installation and reception of HD Radio�. HD
Jump� is the first true HD Radio� plug and play receiver of its
kind. The unit delivers premium new HD2 multicast channels and
crystal-clear sound quality and can be used in a car, truck, RV or
home. Visteon's HD Jump� docks into a cradle in the vehicle and an
optional home kit allows the receiver to also be used with a home
stereo. HD Jump offers the full spectrum of HD Radio� features,
including program associated data, such as real-time song title,
artist and album information, as well as multicasting, where
available. The clarity of HD Radio technology allows FM stations to
be enjoyed with CD quality sound and boosts AM quality up to that
of FM sound. More than 1,000 radio stations now broadcast HD Radio�
signals in the U.S., with more than 400 offering new formats on HD2
channels. The cradle�s built-in auxiliary input jack also enables
users to plug in an MP3 player and hear its contents through the
vehicle�s sound system. HD EZ Connect is a new HD Radio� receiver
that is designed to easily connect to either an aftermarket or
factory-installed car audio systems to receive digital HD Radio�
programming. HD Table Top Radio is a new HD Radio� receiver
delivering high performance audio with a sleek design and intuitive
controls. The unit features a large backlit six-line display, alarm
clock feature and is available in a variety of colors to match any
d�cor. �This agreement allows Visteon to expand its automotive
product expertise and advanced technology," said Greg Gyllstrom,
vice president, Visteon North American aftermarket. "The
relationship between Visteon and Advanced Global Technology (AGT)
is an ideal match," said Ben Lowinger, Advanced Global Technology
(AGT) President. "When you pair Visteon�s advanced technology
leadership in the automotive electronics space with Advanced Global
Technology�s (AGT) proven capabilities in the retailer sector, we
expect these new products to deliver explosive growth for HD Radio�
in both awareness and sales." The Visteon HD Jump�, HD EZ Connect,
and HD Table Top Radio will be available at retailers this spring.
The products can be seen at the following CES 2007 locations;
Visteon - Central Plaza (CP7), North Hall Booth 6427, Advanced
Global Technology � Central Hall Booth 9817, and HD Radio(TM) �
North Hall Booth 4616. About Visteon Visteon Corporation is a
leading global automotive supplier that designs, engineers and
manufactures innovative climate, interior, electronic and lighting
products for vehicle manufacturers, and also provides a range of
products and services to aftermarket customers. With corporate
offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and
Kerpen, Germany; the company has more than 170 facilities in 26
countries and employs approximately 46,000 people. For more
formation, please visit http://www.visteon.com. About Advanced
Global Technology (AGT) Advanced Global Technology, LLC (AGT) is a
proven leader for cutting-edge product designs. Furthermore, AGT
and its global manufacturing, distributes and markets high quality
and high performance XM Satellite Radio plug-and-play receivers
combined with all-encompassing technologically advanced satellite
radio accessories. In addition to its XM Satellite Radio products,
AGT provides an extended and original line of consumer electronics
that easily blends technology with the lifestyles of today's
consumers. AGT produces inventive and imaginative products that
effortlessly integrate with automobiles, home-stereos,
home-theaters, boats, motorcycles and recreational vehicles and
personal-wearable portables. For more formation, please visit
http://www.advancedgt.com. About HD Radio - More than 1,100 AM and
FM radio stations, available to approximately 80% of the U.S.
population, are using HD Radio technology to transmit digital audio
and data to their listeners. Beyond delivering dramatically
improved sound quality over analog, digital HD Radio technology
allows stations to expand their programming via HD2 multicast
channels. Over 500 stations today are using HD2 channels to
broadcast fresh new music and news formats, showcase young artists
and local bands, air non-English language programming, and more.
Other HD Radio applications include scrolling text and graphics
content on receiver display screens and delivery of real-time
traffic updates. For more information, please visit
http://www.ibiquity.com and the consumer website,
http://www.hdradio.com. Visteon news releases, photographs and
product specification details are available at www.visteon.com �HD
Radio is a trademark of iBiquity Digital Corporation�
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