Delphi Provides Advanced Collision Warning System for New European Ford Models
February 27, 2006, TROY, Mich. -- Delphi Corp. announced that it will provide its Forewarn® Smart Cruise Control, Forward Collision Warning (with audible and visible warnings) and Collision Mitigation (by pre-charging the braking system) for Ford of Europe’s all-new Galaxy and S-MAX family vehicles. Ford will market the optional system to customers as Adaptive Cruise Control (ACC) with Forward Alert (FA).
“We are very excited that Ford is taking this step to add even more safety to their new vehicles,” said Rainer Hermeling, Delphi director of European customer region. "Delphi’s Forewarn safety systems help give drivers more time to react to help avoid accidents.
Delphi’s Forewarn Smart Cruise Control measures the distance and relative speed of the vehicle ahead using a radar sensor located in the front of the vehicle.
When smart cruise control is engaged, it uses throttle control and limited braking to adjust vehicle speed to maintain a set time gap between itself and the vehicle in front of it (adjustable up to 2.5 seconds). This reduces the need to manually accelerate or decelerate with changes in traffic flow. If the lane ahead is empty, the vehicle maintains its cruising speed.
Delphi’s Collision Warning System gives an audible and visible alert to help warn the driver should the driver get too close to a vehicle when cruise is disengaged. In addition, the Ford system’s Forward Alert feature will pre-charge the brakes to help stop the vehicle as the driver gets closer to a potential collision.
Delphi introduced smart cruise control in 1999 on the Jaguar XK.
This press release as well as other statements made by Delphi may contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the DIP facility; the Company’s ability to obtain court approval with respect to motions in the chapter 11 proceeding prosecuted by it from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company’s liquidity or results of operations; the ability of the Company to fund and execute its business plan; the ability of the Company to attract, motivate and/or retain key executives and associates; and the ability of the Company to attract and retain customers. Other risk factors are listed from time to time in the Company’s SEC reports, including, but not limited to the annual report on Form 10-K for the year ended December 31, 2005 and its most recent quarterly report on Form 10-Q and current reports on Form 8-K Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various pre-petition liabilities, common stock and/or other equity securities. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.
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