ONDAS SATuration

ONDAS Media has entered into an extensive Framework Agreement with the State of the Netherlands, as represented by the Radio Communications Agency Netherlands, completing another key component of its regulatory strategy. The agreement provides ONDAS Media with exclusive rights to construct, launch, and locate, up to two geostationary satellites in the region in order to operate its European networks for satellite radio (S-DAB). These satellites are ideally located in orbital position, and form a part of the longer term market strategy focused on handheld and aftermarket applications. Following the success of satellite radio in the US, ONDAS Media plans to bring an even wider variety of programming content, continuous coverage and superior sound quality to Europe through its fully integrated, digital satellite transmission network. ONDAS Media will broadcast its multi-lingual radio, music, video, and data services directly to European consumers and 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. Earlier this year, ONDAS Media announced a commercial volume agreement to install Satellite Radio Receivers in Nissan and Infiniti vehicles across Europe. That definitive agreement brings ONDAS Media’s total number of pre-sold, factory-installed satellite radios beyond the 1 million mark—Madrid, Spain