13 Million Satellite Radio Consumers Can’t Be Wrong!
Delphi reaches new milestone in satellite radio receiver production
More than 13 million units sold since 2001
More than 10 OEM customers have chosen Delphi’s leading Technology
January 03, 2007 - LAS VEGAS — Delphi Corp. has just sold its 13-millionth satellite radio receiver, setting a new milestone. Delphi will showcase its satellite radio products next week at the 2007 International Consumer Electronics Show in Las Vegas.
Delphi introduced satellite radio receivers to the OEM market in 2001.
As satellite radio service providers revolutionize the U.S. radio landscape, Delphi has steadily ridden the wave by providing a variety of original equipment and retail receivers. The satellite radio market now boasts more than 13 million subscribers.
Delphi is the leader in the OE satellite radio market and produces receivers for more than 10 new vehicle manufacturers. It also sells a variety a variety of models as add-on accessories for multiple uses at home and on the road. Among consumers, the Delphi name has become synonymous with satellite radio because of its Delphi SKYFi, MyFi and ROADY family of portable satellite radio receivers. In fact three out of four users listen to satellite radio on Delphi hardware.
Delphi will be demonstrating its current portfolio at its CES exhibit (North Hall, Las Vegas Convention Center, Exhibit (#5206).
Satellite radio is changing the paradigm of radio in the U.S.,“ said Ken Erickson, Delphi Electronics & Safety general director of the Entertainment & Communications product business unit. ”Satellite radio has not only taken a long-time analog medium and made it digital, but it has also opened a new world of offerings to customers by providing more than a 100 additional channels of programming"
Satellite radio is the radio medium that offers customers up to 170 channels of programming in addition to the traditional AM/FM radio offerings in OEM applications. Satellite radio programming is beamed from satellites and includes a very wide variety of music, talk, sports, news, traffic, weather and entertainment coast-to-coast in the U.S. without fading.
“Consumers now demand this level of flexibility and ownership, fueled even more today by their ability to personalize their listening experience through MP3 players,” said Max Rogers, Delphi consumer electronics executive. “Satellite radio’s 170 channels of individual programming offers the same type of tailored listening experience with no downloading hassles.”
Many of the offerings are commercial-free and categorized by chronological time periods music genre and other defined segments that add another dimension to satellite radio that is not offered by traditional AM/FM radio.
“Satellite radio has all of the right features and benefits to keep moving up the growth scale,” said Erickson. “We are continuing to develop technologies to make it more attractive. Several new car manufacturers have already announced that they will include the satellite radio feature on all of their vehicles.”
In addition to adding loads of new programming to the vehicle, Delphi has developed a digital data decoder that works in conjunction with the Delphi satellite receiver to enable real-time traffic services in North America. Vehicles with a Delphi satellite receiver equipped with this data port and a navigation system can receive up-to-date traffic while playing satellite radio. The system is also capable of providing real-time weather, sports scores and stock updates.
Delphi’s long history with satellite radio receivers includes celebrating sales milestones for 2.5 millionth in May 2004 and 5 million units in April 2005.
In 2001, Delphi helped launch satellite radio with the SKYFi. Delphi went on to introduce the first satellite radio boom box, first home signal repeater and even the first personal and portable satellite radio receiver, the MyFi. Its most recent first, SKYFi3, is the first microSD compatible MP3 satellite radio with pause-replay just hit the stores for the holiday season.
Satellite radio is expanding to other locations around the world. Delphi manufactures hardware for use by satellite radio subscribers in Canada and has announced its intentions to help launch satellite radio in Europe.
In the last decade alone, Delphi has pioneered or led the introduction of multi-speaker, multi-amp premium audio, CD playbacks, DVD rear seat video, MP3 playbacks, advanced TV reception systems and satellite radio into the market. Delphi supplies both OEM and retail hardware for both domestic satellite radio providers. Since beginning production in 1936, Delphi has manufactured more than 260 million radio systems and introduced an array of new technologies.
Note: Satellite reception depends on the ability of the antenna to receive a signal. The signal may not be available in buildings or if obstructed (e.g. by mountains, trees, bridges, etc.)
FORWARD LOOKING STATEMENT This press release, as well as other statements made by Delphi, may contain forward-looking statements 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 facility; the company’s ability to obtain court approval with respect to motions in the chapter 11 cases 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 plans, including the transformation plan described in the Company’s March 31, 2006 press release, and to do so in a timely manner; 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.
- Contact Information
- Milton Beach
- Delphi Corp.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.