David Benjamin

EE Times

(11/21/2005 11:28 AM EST)

MANHASSET, N.Y. — Intel Capital, Intel`s strategic investment program, has made a strategic investment in iBiquity Digital Corp., a developer of digital HD Radio technology.

Terms of the investment were not disclosed.

iBiquity Digital Corp. (Columbia, Md.) is a developer and licenser of HD Radio technology in the U.S. The company’s investors include ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon.

``Intel Capital`s investment further reinforces today`s significant HD Radio momentum,`` said Robert Struble, President and CEO of iBiquity Digital Corp., in a statement. ``We look forward to working with Intel Capital to accelerate the commercialization of HD Radio particularly in the area of portable HD Radio devices.``

HD Radio technology transmits digital audio and data alongside existing AM and FM analog signals, allowing listeners with HD Radio-compatible receivers to enjoy CD-quality sound, while eliminating the static and hiss typically associated with analog radio.