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NASA Grants Delphi Nearly $1 Million to Further Develop Its Welding Technology


December 27, 2006 - TROY, Mich. - After receiving encouraging results, the National Aeronautics and Space Administration (NASA) and the Michigan Research Institute (MRI) will grant Delphi Corporation an additional $950,000 to help fund the continuing development of Deformation Resistance Welding (DRW).

The first two grants for DRW, totaling $2.17 million, were used to perfect existing welding techniques, to create new ones, and to find new innovative ways to use DRW on suspension sub-frames.

The new grant will fund work done by Delphi in cooperation with the Edison Welding Institute (EWI) and SpaceForm, Inc., (SFI), a company formed in 2005 based on DRW technology. Planned projects will develop the technology in the area of ferrous and non-ferrous materials, dissimilar material joints, lean tubular structures and concepts for future manufacturing cells.

“We’re very pleased to have NASA’s continued support of this program,” said Timothy Forbes, director, commercialization and licensing, Delphi Technologies, Inc. “This continued commitment to DRW for a third phase of projects will allow us to make even more progress for the future of this technology.”

Delphi’s DRW process, developed with funding from NASA’s Space Exploration program with its goals to return to the moon and eventually Mars, can deliver reliable, repeatable, leak-free welds at significantly lower cost than conventional welding solutions. Its uniqueness comes from its ability to weld similar and dissimilar materials and shapes. NASA plans to use what is learned from Delphi’s work with DRW as part of its Space Power Development Programs. Of specific interest is advanced welding of dissimilar metal joints for integrating titanium based cooling loops with power conversion systems utilizing stainless steel structures. According to researchers, titanium cooling loops offer higher levels of chemical compatibility, along with greater temperature and structural capability than aluminum tubing. This is of particular interest because traditional mechanical joining provides insufficient hermeticity for long life missions.

In addition, the DRW technology is beneficial to all areas of manufacturing including: load-bearing structural applications, mobile medical products, automobiles, bicycles, motorcycles, commercial and recreational vehicles because of its ability to handle tube-to-tube and tube-to sheet welding.

“This latest grant from NASA will allow Delphi to work with EWI and SpaceForm to expand the capabilities of DRW,” said Jayson Pankin, new venture creation specialist, Delphi. “Delphi will be in a stronger position to provide innovative joining and structural solutions to a broader set of customers.”

This Delphi project, funded by the latest NASA grant, is expected to be completed by the end of 2007.

Please visit these websites for more information on Delphi, DRW, EWI and SpaceForm, Inc.

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”) 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 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, 2004 and its most recent quarterly report on Form 10-Q for the quarter ended September 30, 2005 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 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. As described in the Company’s public statements in response to the request submitted to the United States Trustee for the appointment of a statutory equity committee, holders of Delphi’s common stock and other equity interests (such as options) should assume that they will not receive value as part of a plan of reorganization. In addition, 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 prepetition liabilities.


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