Sirius Satellite Radio ,
the satellite radio broadcaster, today announced that Sirius-3, the final
satellite in the company’s three-satellite constellation, is scheduled to
launch from the Baikonur Cosmodrome in Kazakhstan on November 30 at 2:59 p.m.
EST.
Sirius-1 was launched into orbit on June 30, and Sirius-2 was launched
on September 5.
From its three orbiting satellites, Sirius (http://www.siriusradio.com)
will directly broadcast up to 100 channels of digital-quality radio to
motorists throughout the continental United States for a monthly subscription
fee of $9.95.
Sirius will deliver 50 channels of commercial-free music in
virtually every genre, and up to 50 channels of news, sports, talk, comedy and
children’s programming.
Sirius’ broad and deep range of almost every music
format as well as its news, sports and entertainment programming is not
available on conventional radio in any market in the United States.
Sirius has alliances to install three-band (AM/FM/SAT) radios in Ford,
Chrysler, BMW, Mercedes, Mazda, Jaguar and Volvo vehicles as well as
Freightliner and Sterling heavy trucks.
Numerous manufacturers will furnish
radios to automakers, and will also provide adapters to electronics retailers
that will allow radios in existing vehicles to receive Sirius broadcasts.
Any statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions, future events or performance with
respect to Sirius Satellite Radio Inc. are not historical facts and may be
forward-looking and, accordingly, such statements involve estimates,
assumptions and uncertainties which could cause actual results to differ
materially from those expressed in the forward-looking statements.
Accordingly, any such statements are qualified in their entirety by reference
to the factors discussed in Sirius’ Annual Report on Form 10-K for the year
ended December 31, 1999. Among the key factors that have a direct bearing on
Sirius’ results of operations are the potential risk of delay in implementing
Sirius’ business plan; dependence on satellite construction and launch
contractors; risk of launch failure; unproven market and unproven applications
of existing technology; unavailability of Sirius radios; and Sirius’ need for
additional financing.
