Delphi Introduces Real-Time Traffic Information with Single Activation, Lifetime Subscription for its NAV200 Portable Navigation System
Provides a full array of traffic flow, incident and weather data with no monthly or annual fee
Features automatic adjustment to the route and estimated travel
January 08, 2007 - LAS VEGAS — Delphi Corporation announced today its recently introduced NAV200 portable navigation system now offers a new traffic information service option that provides up-to-date incident, flow and weather data. NAV200 and the all-inclusive traffic information service will be featured at the 2007 International Consumer Electronics Show.
A unique blend of advanced navigation and entertainment features in a sleek, portable package, the NAV200 comes with preloaded U.S. and Canada maps to provide voice-guided driving directions calculated using one of the most trusted mapping databases in the industry.
The NAV200’s new traffic information service uses RDS-TMC (Radio Data System-Traffic Message Channel) technology, which delivers real-time traffic and weather reports. This information is displayed to the driver on the NAV200’s easy-to-read screen. In addition to reporting incident data — such as accidents and construction zones — along the NAV200’s programmed route, the service will display average vehicle speed, classifying it into stop and go (red), slow (yellow) and light traffic (green).
Using the RDS-TMC data, the NAV200 can adapt its recommended route as needed, offering the driver the opportunity to bypass traffic jams, road closures and extreme weather. What’s more, the NAV200 will adjust the route duration figure based on the RDS-TMC flow data to provide adjusted estimated travel times.
In keeping with the NAV200’s competitive pricing, the RDS-TMC option is offered as a lifetime subscription with a one-time upfront payment. Once activated, the service is provided for the life of the unit.
“The introduction of the Delphi NAV200 in fall 2006 generated an enormous amount of enthusiasm,” said Max Rogers, Delphi’s general director of consumer electronics. “We’re seeing similar excitement and demand for this new service, which offers even more value by providing daily commuters the assurance that they’ll always find the best route to get where they need to be.”
Already a provider of in-vehicle navigation systems for several of the world’s top original equipment (OE) manufacturers, Delphi brings unparalleled value, quality and engineering expertise to its retail products like the NAV200.
“Delphi’s vast experience with OE navigation systems enables us to incorporate proven technologies and functionality into a portable device that meets the needs of cost-conscious consumers,” said Adiel Avelar, Delphi’s global navigation product manager. “This means that every consumer — no matter what their budget may be — can have access to the best technology available.”
In addition to its industry-leading navigational capabilities, the Delphi NAV200 offers popular entertainment functionality including a movie player, music player and picture viewer for use when not navigating.
The NAV200 traffic information kit target price is $199.99 and will be available soon at www.shopdelphi.com.
For more information on NAV200 and its new traffic information service, visit Exhibit 5206, North Hall at the Las Vegas Convention Center during the 2007 International Consumer Electronics Show (January 8-11) or visit www.shopdelphi.com.
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; the company’s ability to satisfy the terms and conditions of the Equity Purchase and Commitment Agreement with its Plan Investors; the company’s ability to satisfy the terms and conditions of the Plan Framework Support Agreement with GM and its Plan Investors (including the company’s ability to achieve consensual agreements with GM and its U.S. labor unions on a timely basis that are acceptable to the Plan Investors in their sole discretion); 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 (including the transformation plan described in Item 1. Business “Potential Divestitures, Consolidations and Wind-Downs” of the Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC) 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 interests 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 Corporation
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