Hyundai Motor America and SiriusXM Agree To Five-Year Extension

NEW YORK, March 19, 2018 /PRNewswire/ -- SiriusXM and Hyundai Motor America announced today an agreement that extends the ongoing relationship between the two companies for five more years. Customers buying Hyundai and Genesis brand vehicles will continue to get a three-month introductory SiriusXM All Access subscription - SiriusXM's most expansive programming package which includes access to the SiriusXM mobile app - with the purchase of equipped vehicles through the 2022 model year.

Additionally, customers purchasing any Genesis brand vehicle equipped with Navigation will receive a three-year subscription to the SiriusXM Traffic and SiriusXM Travel Link infotainment services. SiriusXM Traffic helps drivers avoid congestion before they reach it with detailed information on traffic speed, accidents, construction, road closures and more. SiriusXM Travel Link delivers timely and helpful information to drivers and passengers including weather, fuel prices, sports scores, movie listings and stock prices.

"We are very pleased to continue our long-term relationship with SiriusXM to continue providing Hyundai and Genesis customers with SiriusXM's excellent audio entertainment, as well as their top-of-the-line infotainment services," said Cason Grover, senior group manager, vehicle technology planning for Hyundai Motor America. "In our pursuit to deliver more in every facet of the car ownership experience, SiriusXM is a great example of how we are continuing to push toward this goal."

"We are excited to extend our relationship with Hyundai and Genesis. Hyundai continues to deliver reliability and customer satisfaction, and the Genesis brand boasts some of the most breathtaking vehicle designs on the road today," said Christopher Lam, SVP & GM, Automotive Partnerships for SiriusXM. "We're thrilled that customers of both brands will get the unparalleled benefit of SiriusXM both in their vehicles as well as via our mobile app, giving them access to more than 200 channels of music, sports, talk, news, comedy and more."

Customers who purchase Hyundai Certified Pre-Owned vehicles will also continue to receive a three-month introductory subscription to SiriusXM All Access.

SiriusXM All Access delivers the most comprehensive bundle of entertainment, sports and news programming available in the vehicle. It includes Howard Stern's two exclusive channels, commercial-free music from many genres, plus every NFL, MLB®, and NBA game, every NASCAR® race, NHL® games, PGA TOUR® coverage, college sports; some of the biggest names and brands in entertainment, news and comedy, and more.

SiriusXM All Access subscribers also get streaming access to SiriusXM, enabling them to connect to their favorite channels online, on-the-go with the SiriusXM mobile app, and at home on a wide variety of connected devices including smart TVs, Amazon Alexa devices, Apple TV, PlayStation, Roku, Sonos speakers and more. The SiriusXM app offers more than 200 channels of content, including several exclusive online-only channels, and thousands of hours of on-demand content that allow the listener to hear more of what they want, when they want it.

About Hyundai Motor America
Hyundai Motor America is focused on delivering an outstanding customer experience grounded in design leadership, engineering excellence and exceptional value in every vehicle we sell. Hyundai's technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to deliver peace of mind to our customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide and the majority sold in the U.S. are built at U.S. manufacturing facilities, including Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio company measured by revenue and has approximately 32.7 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has approximately 2.8 million subscribers. SiriusXM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit http://www.siriusxm.com/LogosAndPhotos.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our substantial competition, which is likely to increase over time; our ability to attract and retain subscribers, which is uncertain; interference to our service from wireless operations; consumer protection laws and their enforcement; unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject to uncertainties; our dependence upon the auto industry; general economic conditions; the security of the personal information about our customers; existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; our failure to realize benefits of acquisitions or other strategic initiatives; rapid technological and industry changes; failure of third parties to perform; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; our principal stockholder has significant influence over our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock; impairment of our business by third-party intellectual property rights; and changes to our dividend policies which could occur at any time. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2016, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

Source: SiriusXM

Media contacts:
Andrew FitzPatrick
SiriusXM
Andrew.FitzPatrick@SiriusXM.com

Miles Johnson
Hyundai
milesjohnson@hmausa.com

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SOURCE Sirius XM Holdings Inc.