Delphi’s Custom Backlighting Technology on Chevy Tahoe Wins 2007 SPE Innovation Award
Technology recognized in Materials Category and named ’best of best’
TROY, Mich. — Delphi Corp. recently helped General Motors receive top recognition in the 2007 SPE® Automotive Innovation Awards Competition held annually by the Automotive Division of the Society of Plastics Engineers International. GM received the honor for Delphi’s custom backlighting technology available on the instrument panel of the Chevrolet Tahoe. The innovation uses color converting plastics to illuminate the vehicle’s audio system and highlight the controls on the instrument panel.
Delphi Electronics & Safety, a division of Delphi Corporation, nominated the GM Tahoe for the award. Available on GM full-size trucks, the technology was cited as the winner of the competition’s Materials Category and prestigious Grand Award which is presented to honor the “best of the best” from award winning technologies in the seven categories recognized at the 2007 SPE Innovation Awards. In addition, Delphi won the most innovation use of materials category.
“Delphi continuously looks for ways to help our customers add value to their products,” said John Matly, Delphi Electronics & Safety Director of Manufacturing Engineering. “This is a great example of how we are focusing on innovation and lowering cost to help make our customers more competitive.”
The innovative use of color-converting translucent plastic and a unique light delivery system creates the custom color backlighting with lower-cost, off-the-shelf blue LEDs that absorb one color and emit another. The technology uses Delphi patented color-converting, plastic, blue LEDs and below-the-board light distribution to achieve the desired colors and reduces the number of LEDs from 30 to 5. The custom color backlighting has a broad application that allows for a wide range of colors, multiple colors in the same product, better control of emitted color, higher reliability and a faster development cycle.
SPE’s Innovation Awards recognizes the “most innovative use of plastics” in the automotive industry. Categories include body interior, chassis/hardware, materials, performance and customization, powertrain, process/assembly/enabling technologies and body exterior. Dozens of teams made up of vehicle manufacturers, tier suppliers and polymer producers vie for honors each year in the program that culminates at an annual awards gala. Finalists in each category are selected by vote of the SPE Automotive Division Board of Directors and category winners and the Grand Award are selected by a panel of Blue Ribbon judges made up of retired industry leaders and members of the media.
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 and to obtain an extension of term or other amendments as necessary to maintain access to such 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 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 EPCA; 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 its filings with the SEC and the Bankruptcy Court. 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 or those of its principal customers and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Company’s 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 and the Company’s quarterly periodic reports for the subsequent periods, including the risk factors in Part II. Item 1A. Risk Factors, contained therein, filed with the SEC. 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 little or 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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