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SiriusXM (T.XSR) inks extension to long-term factory installation deal with Honda Canada

Stockhouse Editorial
0 Comments| July 3, 2014

SiriusXM Canada (TSX:XSR, Stock Forum) is staying in Honda vehicles manufactured in Canada as the company announced today that it had signed an extension to its current long-term factory installation agreement with Honda Canada.


According to the news release, the company will continue to be included with the manufacture of Honda vehicles with a pre-paid 3-month subscription to SiriusXM Canada featuring over 120 channels of entertainment for purchasers.


Company Vice President, OEM, James Byun, commented on the extension, “Honda Canada has been a valued partner of ours since 2006 and we are very excited to continue our agreement with them, delivering Canadian drivers the absolute best entertainment experience within their vehicle.”


Dave Jamieson, Asst Vice President of Sales and Marketing, Honda Canada, added, “Since we introduced our first vehicles with factory-installed satellite radios we have produced more than 340,000 vehicles with SiriusXM and are excited to continue offering the first-rate entertainment to our customers.”


He then concluded, “The access to exclusive content and commercial-free music, plus complimentary subscription provides Honda drivers with the best possible experience on the road, whether it's from behind the wheel or from the speakers.”


SiriusXM was in the news recently when the company was ranked as one of Canada's fastest growing companies in the 2014 Profit 500 List.


Currently there are 104.1m outstanding shares with a market cap of $734.0 million.

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