Delphi NAV300 Brings Next-Generation Technology to Today’s Consumers
TROY, Mich. — Delphi Corporation has launched the next generation of its popular portable GPS (Global Positioning System) navigation system, company officials announced today.
NAV300 integrates the latest hardware and software technology, enhancing and expanding on the many industry-leading features already offered on the NAV200 system Delphi introduced in 2006.
Like its predecessor, NAV300 comes preloaded with maps of the continental U.S., Canada, Alaska and Hawaii and now also includes Puerto Rico.
Driving directions for NAV300 are calculated using NAVTEQ®, one of the most trusted mapping databases in the industry. NAV300 features Text-to-Speech (TTS) functionality that announces street names and provides turn-by-turn directions while navigating for maximum safety. NAV300 allows drivers to store favorite locations and even assign voice commands through its My Favorites feature.
NAV300’s new, easy and intuitive interface allows users to find locations by city, street or ZIP. It also displays road signs directly on the screen. Speed limit warning software alerts drivers if they are exceeding posted speed limits. Plus, there’s Bluetooth connectivity with an integrated microphone to control Bluetooth-equipped phones for hands-free calling.
Another new function available on NAV300 is the Points of Interest feature, which uses reviews from the prestigious ZAGATSurvey® guides -- the world’s leading provider of consumer survey-based dining, travel and leisure information. The Points of Interest feature allows users to locate restaurants, hotels, local attractions and favorite chains or franchises along their driving route. The ZAGATSurvey feature will be available in September. (NAV300 buyers who purchase before September will simply go online to register for a free upgrade kit that will be mailed to them as soon as it’s available.)
“The Delphi NAV200 has been extremely well-received by consumers,” said Max Rogers, Delphi’s vice president of Consumer Electronics. “In keeping with Delphi’s proud heritage of innovation, we’re continually seeking ways to enhance our offerings and provide our customers with the best possible products that deliver outstanding quality and value.”
NAV300 also offers the optional traffic information service via Clear Channel, using RDS-TMC (Radio Data System-Traffic Message Channel) technology to deliver real-time traffic and weather reports. On NAV300’s easy-to-read touchscreen, this information is displayed to the driver and is updated instantly as NAV300 adapts its recommended route to help drivers bypass traffic jams, road closures and extreme weather. The RDS-TMC option is offered as a lifetime subscription with a one-time upfront payment.
In addition to its advanced navigational capabilities, the Delphi NAV300 offers popular entertainment functionality including a movie player, picture viewer and a new matching game that can be used when not in navigation mode. MP3s can also be downloaded onto an additional SD card (sold separately). Thanks to a long-lasting rechargeable battery, NAV300 provides hours of use outside the vehicle.
“Based on our many years of experience providing in-vehicle navigation systems for many leading original equipment manufacturers,” said Rogers, “Delphi can offer superior technologies and functionality in a portable design that’s accessible to all consumers, no matter what vehicle they drive.”
The Delphi NAV300 is priced at $399.99 (MSRP) and is available now at www.shopdelphi.com. NAV300 with Lifetime Traffic will have an MSRP of $499.99 (includes traffic for the life of the product).
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. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. 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 financing facility; the terms of any reorganization plan ultimately confirmed; 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 (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); the Company’s ability to satisfy the terms and conditions of the Plan Framework Support Agreement; 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 Note 2, Transformation Plan and Chapter 11 Bankruptcy, of our Annual Report on Form 10-K for the year ended December 31, 2006) 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. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2006, including the risk factors in Part I, Item 1A. Risk Factors, contained therein. 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 prepetition 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 cases 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. 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, 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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