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XM Radio Developing Data Apps Platform By Roy Mark May 31, 2002
XM Satellite Radio is developing a data applications platform for future generations of it radios through a licensing agreement with Command Audio Corp. The Command Audio technology will allow XM to provide subscribers enhanced national information services currently in the early development phase dedicated to rural, trucking and other markets.
One of the region's largest ventures in several years, The Washington, D.C.-based XM rolled out its national satellite service last year and broadcasts 100 channels of music, sports, news and talk programming.
"We are always looking for ways to enhance and improve our service capabilities," said Hugh Panero, XM's president and chief executive officer (CEO). "Working with highly skilled companies like Command Audio gives us the opportunity to access a broad spectrum of new technologies."
The Redwood City, Calif.-based Command Audio owns and licenses a portfolio of intellectual property critical to the transmission, navigation and presentation of stored media. Founded in 1995, Command Audio pioneered the development of on-demand interactive audio. Command Audio's technology property broadly covers the audio aspects of consumer devices and services that store broadcast media for playback at the consumer's convenience.
The privately-held company is backed by strategic investors Macrovision, Motorola and Texas Instruments and financial investors including Canaan Partners, Franklin Resources, Granite Ventures, J.P. Morgan Capital Partners, St. Paul Venture Capital and Paul Allen's Vulcan Ventures.
"Command Audio's technology is a natural complement to XM's 100 channels of revolutionary satellite-delivered programming," said Don Bogue, Command Audio's CEO. "This licensing agreement is an important validation of our leading intellectual property position in the field of on-demand interactive media."
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