Sunday, August 21, 2005

Humax Signs with SIRIUS Satellite Radio
Humax, a leading international manufacturer of digital satellite products, announced it has entered into a development agreement and supply agreement with SIRIUS Satellite Radio Inc.

Humax will be developing new and innovative satellite radio products for SIRIUS. Humax’s strategy is to focus on products that benefit from the company’s experience and expertise in satellite video products. Humax expects growth in the portable category for which it will be involved.

Dr. Dae Gyu Byun, Chairman & CEO for Humax Co., Ltd, said, “Humax is proud to be added to the roster of SIRIUS approved vendors, this is an important milestone in our company’s history. As we near our goal of becoming a $1B company, diversification opportunities like this are exciting and vital for Humax. Our background in satellite receivers combined with our engineering capabilities will allow for this partnership to excel.�

Released by Humax


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