REC Networks has reached a technology transfer agreement with SIRIUS Satellite Radio. As a part of the transaction, REC will transfer the rights to use the REC FM Broadcast Channel Search algorithms used for finding suitable frequencies for SIRIUS Satellite Radio receivers with built in very low power FM transmitters.
REC Networks will still own the domain name FMFIND.info and will provide direct links to the new SIRIUS FM Channel Search application. REC will no longer engage in consumer Part 15 FM channel searches but instead will refer all requests to SIRIUS. REC Networks will continue to maintain weekly updates of the SIRIUS FM database, which will be coincide with REC's standard FCC database update schedule.
REC is not disclosing any other terms of the agreement.