2024-09-30 | Audidia announces doubling the number of stations on its faidr | mobile app NDAQ:AUUD

faidr now has over 13,000 AM/FM stations available, up from about 5,200

faidr subscribers now have access to over 9,000 ad-free AM/FM stations

BOULDER, Colo., Sept. 30, 2024 (GLOBE NEWSWIRE) — Audidia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary artificial intelligence platform for identifying and classifying audio and related technologies, transforming the way consumers consume AM/FM radio, podcasts and other audio content announced today that it has increased the total number of stations available on the faidr app to over 13,000 AM/FM stations, of which over 9,000 are available ad-free to subscribers.

“We are constantly improving and optimizing the experience for our free users and subscribers, and this latest addition is a prime example of that.” said Michael Lawless, CEO of Audidia’. “The goal of this latest venture was to have a full lineup of U.S. and Canadian stations. International stations will arrive next year and we are excited to begin expanding to other regions.”

In addition to doubling the number of available stations on faidr, Audidia recently introduced two groundbreaking podcast features: Forward+ and Chapter Visualization, to enhance the podcast listening experience. Forward+ allows users to skip entire segments with a single tap, while chapter visualization displays segment breaks in a progress bar, making navigation more intuitive. These industry-first features offer listeners a more efficient and intelligent way to interact with their favorite podcasts.

In the fourth quarter, Audidia will launch a new music-only AI model that will give faidr users the ability to listen exclusively to music from their favorite music-focused AM/FM stations. Also in the fourth quarter, the Company will provide the first gamification functions in the application.

About Audidia Inc.

Audidia, through its proprietary AI audio identification and classification platform and related technologies, is reinventing the way consumers consume AM/FM radio, podcasts and other audio content. Auddia’s flagship audio super app, called faidr, introduces two industry firsts to audio streaming: subscription-based, ad-free listening on any AM/FM radio station, and podcasts with interactive digital feeds that support deeper stories and unlock untapped revenue streams to podcasters. faidr also delivers exclusive content and playlists, and showcases exciting new artists, hand-selected by curators and DJs. Both differentiated offerings target a large and rapidly growing audience with strong purchase intentions. For more information, visit: www.audia.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 27A of the Securities Act of 1933 and Art. 21E of the Securities Exchange Act of 1934 regarding the Company’s current expectations as to future results, performance, prospects and opportunities. Statements that are not historical facts such as “anticipates”, “believes” and “expects” or similar expressions are forward-looking statements. These forward-looking statements are based on management’s current plans and expectations and are subject to a number of uncertainties and risks that may materially affect the Company’s current plans and expectations, as well as future operating results and financial condition. These and other risks and uncertainties are discussed in detail in our filings with the Securities and Exchange Commission. Readers are encouraged to read the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as the other disclosures contained in the Annual Report and subsequent filings with the Securities and Exchange Department. . The forward-looking statements contained in this announcement are made as of today and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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