Here is a snippet from the press release:
LAS VEGAS, Jan. 4 /PRNewswire/ -- Wadia Digital, a high-end audio company dedicated to the development of digital audio technologies, will take the occasion of the Consumer Electronics Show (Venetian Room #30-236) to demonstrate the market's first digital player dock to retrieve a direct digital signal from an iPod(R). As a result, the audio signal remains pure and unadulterated, providing CD-quality resolution from full-resolution file formats such as .WAV and .m4a (Apple(R) Lossless).
The iTransport (SRP: $349), which is certified Made for iPod(R), turns any currently available iPod player into a high-end media server by providing a bit-perfect digital audio output to an audio/video system, bypassing the player's internal D/A conversion and output stage. Subsequently, the audio signal remains clean and unadulterated throughout the path. The iTransport is compatible with all currently available (Q1 2008) iPod players, as well as iPhone(R) and iPod Touch(R) models.
complete press release from PR Newswire