http://technology.guardian.co.uk/weekly/story/0,16376,1637573,00.html
Sounds like true "broadband", from my reading of the not-too-technical
article there isn't even a low-Q tuned tank circuit around anywhere.
The transmitter just throws out an apparently arbitrary waveform into
the ether. The other interpretation is discontinuous phase FSK but
that wouldn't give you any advantages (just lots of clicking) would it?
If they can receive this with a "50-cent receiver" as they claim then
they're doing something at least moderately clever! A GHz A/D does not
come that cheap (or does it?) I don't even know from the article what
band they're using, if this can be done at LF/VLF (maybe it can) then
it would meet that price point.
Tim.