[Satellite Today 01-05-09] Satellite radio supplier Audiovox Corp. has reached an agreement in principle with Sirius XM Satellite Radio to become the principal supplier of Sirius XM radio products to the North American aftermarket and major U.S. retailers, Audiovox announced Dec. 30.
    The agreement is subject to the completion of a final distribution agreement under which Audiovox will provide warehousing, distribution, logistics and related services for Sirius XM.
    The new agreement is in addition to a master license agreement that Audiovox made with XM Satellite Radio in 2005.
    "Despite the current economic climate, satellite radio is still growing and we believe it will continue to be a prominent form of consumer entertainment. With this agreement, we expect our satellite radio sales to more than double next year with limited exposure," said Patrick Lavelle, president and CEO of Audiovox.