TecTrends: iBiquity Digital Corp

iBiquity Digital (R) Corporation, based in Columbia, Maryland, is known for its HD Radio (R) In-Band, On-Channel (IBOC) digital broadcasting technology. The firm's platform supports the delivery of static-free AM and FM broadcasts and wireless data services to consumers. Digital radio signals are transmitted on analog AM and FM airwaves. The firm's technology has been implemented in a variety of third-party radio broadcast products. The systems have been deployed by radio stations across the United States. HD Radio earned Federal Communications Commission (FCC) approval in 2002. iBiquity Digital's HDC digital signal transmission codec was introduced in 2003. The company has raised over $75 million from New Venture Partners, Grotech Capital Group, JP Morgan Partners, Cannett Company, and other firms. iBiquity Digital was formed with the 2000 merger of USA Digital Radio Partners (USADR) and Lucent Digital Radio. USADR had been launched in 1991 by CBS, Gannett, and Westinghouse. iBiquity Digital maintains additional offices in Warren, New Jersey and Pontiac, Michigan. The firm is developing real-time traffic report, surround sound, song rewind, on-demand information, and other radio broadcast technologies.

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