Delphi to Showcase Mobile Navigation, Multimedia and Active Safety at CES
NASCAR drive Kyle Busch, Delphi Executives will host media open house on Jan. 8
December 20, 2006 - LAS VEGAS — Delphi Corp. will show a host of technologies, including a diverse portfolio of navigation, satellite radio, entertainment technologies and active safety systems, at the 2007 International Consumer Electronics Show at Exhibit 5206, North Hall, Las Vegas Convention Center.
Delphi is addressing the issues of ease of use and utility to help attract new users and make its innovative mobile applications more prevalent.
“We believe the comprehensive lineup of Delphi technologies on display at CES will resonate with automakers and consumers,” said Jeff Owens, president of Delphi Electronics & Safety. “Safety is a priority for vehicle owners, and virtually every driver has experienced the frustration and anguish associated with being lost while driving. Active safety and navigation products are some of the most powerful and useful tools introduced to the automobile in this decade. Our goal is to make these systems ubiquitous on vehicles.”
In active safety, Delphi is introducing integrated cameras that perform multiple functions, such as lane departure warning, driver impairment integration, intelligent headlight control, road sign recognition, active night vision and pedestrian recognition.
“We are lowering the cost of adding these safety features to vehicles by integrating multiple functions within a single system,” Owens said.
Delphi is stepping up its efforts to make onboard navigation and active safety systems more common by offering a broad range of integrated product offerings.
In navigation, Delphi provides low, mid, and high end OEM and retail systems. Delphi is taking steps to eliminate the mystery of navigation systems by making them easy for drivers to operate and understand. For example, the company recently introduced its new retail navigation system, the Delphi NAV 200, which offers a unique blend of advanced navigation and entertainment features in a sleek, portable value-priced package.
Delphi offers touch screen controls, similar to self check-out supermarket displays, on its full range of navigation systems to make them easy to operate. Delphi’s large, easy-to-read color displays make inputting destinations or points of interest simple. Delphi OE and retail navigation systems also provide intelligent map and voice prompts to make getting to destinations easy and efficient.
“Today, operating a navigation system is no more complicated than using a radio, ” said Francisco Ordonez, president, Delphi Products & Service Solutions. “At Delphi, we are working to educate automakers, dealers, salespeople, and consumers about the value these systems bring to them. Navigation systems can truly make life easier for drivers,” said Ordonez.
Showcasing other electronics technologies for automakers and consumers
In addition to its portfolio of navigation devices and safety systems, Delphi will also showcase the latest trends in portable satellite radio and introduce new plug-and-play accessories, including some universal designs for multiple receiver functionality.
Leveraging its 100-year automotive heritage as a leader in global vehicle systems, Delphi will also display show vehicles that feature an array of integrated controls, security systems and entertainment systems, including:
* Integrated cockpit modules and instrumentation.
* Intrusion and Inclination Sensing devices.
* Radio units with integrated amplifiers.
* Rear seat audio/video systems
* Headrest displays with independent controls and video inputs.
* HD radio.
* Delphi connection systems for USB.
* High value, low cost world radios.
* Global navigation systems.
* Satellite radio diversity antenna.
* High value telematics.
* Cargo Sensing.
DELPHI MEDIA OPEN HOUSE - MONDAY, JAN. 8 AT 3 P.M. PT
Delphi will host a media open house on Monday, Jan. 8 from 3 to 5 p.m. at its exhibit at the Las Vegas Convention Center (#Exhibit 5206).
Jeff Owens, president of Delphi Electronics & Safety and Francisco (Frank) A. Ordonez, president, Delphi Products & Service Solutions, will host the reception. Also hosting is: NASCAR driver Kyle Busch. Kyle will be on hand to sign autographs and meet fans.
Along with Kellogg’s Delphi was a major associate sponsor of the No. 5 Chevrolet driven by Busch during the past NASCAR season. Delphi will announce its 2007 sponsorship at the open house.
During the event, a host of Delphi subject matter experts will be available for interviews and to demonstration the new technologies coming for OEM and retail.
For more information on Delphi’s CES activities or to arrange a media interview, contact Milton Beach (765) 451.0655, Carrie Wright (248) 267.8687 or John Shea (248.813.2485) of Delphi Media Relations.
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 debtor-in-possession (“DIP”) financing 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 execute its business plans, including the transformation plan described in the Company’s March 31, 2006 press release, and to do so in a timely fashion; the ability of the company to attract, motivate and/or retain key executives and associates; the ability of the company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees; and the ability of the company to attract and retain customers. Other risk factors are listed from time to time in the company’s United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/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. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of Delphi’s common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing and as stated in its October 8, 2005, press release announcing the filing of its Chapter 11 reorganization cases, the company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the company urges that appropriate caution be exercised with respect to existing and future investments in Delphi’s common stock or other equity interests or any claims relating to pre-petition liabilities.
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- Delphi Corp.
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