ONDAS Media Initiates OEM Integration Contracts to Bring Satellite Radio to Europe

ONDAS Media Initiates OEM Integration Contracts to Bring Satellite Radio to Europe

MADRID, July 31/PRNewswire/ -- ONDAS Media S.A., the Madrid-based satellite radio company for Europe,
has today announced it has issued integration contracts to its technology
partners Delphi, The Fraunhofer-Gesellschaft Institute (FHG) in Germany and
Certicom to begin integration activities of its satellite radio system in
Nissan vehicles in addition to two further leading premium, high-volume car
manufacturers in Europe.

Hardware provider Delphi and FHG - which is responsible for the core RF
and Waveform - have now been contracted to ensure ONDAS Media's satellite
radio and media system matches the detailed specifications from the OEMs for
installation in production vehicles.

"Depending on the OEM's specific internal schedule, these contracts will
assure ONDAS Media's delivery of factory-installed radios in millions of cars
sold in Europe in the 2011 and 2012 time frame," confirms Christoph With, CFO
of ONDAS Media. "This represents a significant growth in capital expenditure
approved by our shareholders and reflects a major build-up of our execution
plan. We are very appreciative of our initial OEM customers taking the
initiative to commit to installing their ONDAS-enabled radios into their
vehicles this far in advance. Definitive commitments like these are
unprecedented in the satellite radio industry in terms of timing and scope".

In addition, it has been announced that Dave Krueger has been promoted to
the position of Chief Executive Officer of ONDAS Media. Krueger replaces
Jacinto Palacios who will remain at the company in a consulting capacity.

"Jacinto Palacios has been instrumental in advising the company on
executive matters especially in Spain for much of the last two years,"
confirms Dave Krueger, CEO of ONDAS Media. "And now it's time to focus the
company on implementing agreements with our automotive and media partners and
with the infrastructure companies as we move into our operational execution
phase."

Previously Chief Operating Officer at ONDAS Media, Dave Krueger has over
20 years experience in satellite systems development. He has recently been
responsible for securing ONDAS Media's commercial volume agreement to install
satellite radio receivers in Nissan and Infiniti vehicles across Europe as
well as other European automobile manufacturers, bringing the number of ONDAS
Media's total number of pre-sold, factory-installed satellite radios beyond
the 1 million mark.

Through its fully integrated, state-of-the-art digital satellite
transmission network, ONDAS will broadcast its multi-lingual radio, music,
video and data services directly to European consumers in their automobiles,
trucks, homes, offices and to their mobile and portable devices. It will
provide digital entertainment to 240 million vehicles and up to 600 million
European inhabitants on the move 24 hours a day, 7 days a week through more
than 150 channels of proprietary and re-distributed music, sports, news,
weather, traffic and special interest programming in all the key European
languages.

"Satellite Radio has been hugely successful in the US and bringing the
benefits of diverse and extensive, commercial free content that can be
received by consumers right across Europe is a truly exciting prospect,"
confirms Krueger. "The investment in these significant OEM integration
contracts illustrates yet another milestone in ONDAS Media's progress towards
launching pan-European subscription-based services in 2011."

About ONDAS

ONDAS MEDIA S.A. Europe's premier satellite radio company is a
pan-European organisation that provides comprehensive digital services for
consumers on the move, headquartered in Madrid. ONDAS Media focuses on
delivering unparalleled breadth and depth of media content in superior
digital quality to European consumers. With its fully integrated,
state-of-the-art digital satellite transmission network, ONDAS Media intends
to broadcast its multi-lingual radio, music, video and data services directly
to European consumers in their automobiles, trucks, homes, offices and to
their mobile and portable devices.

ONDAS Media is scheduled to launch its pan-European subscription-based
services in 2011. In addition to securing further investment and supporting
the necessary regulatory processes throughout Europe, ONDAS Media is
establishing strategic partnerships with European OEMs, content providers and
infrastructure partners.

For further information visit http://www.ondasmedia.com.

For Further Press Information Contact:
Mel Betts
Grapevine PR Ltd
+44-1409-211675
+44-7875-085769 (mob)
melanie.betts@grapevinepr.com

Source: ONDAS Media

For Further Press Information Contact: Mel Betts, Grapevine PR Ltd, +44-1409-211675, +44-7875-085769 (mob), melanie.betts@grapevinepr.com

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