Delphi Data Connectivity to be Featured at CES
TROY, Mich. — In-vehicle electronics is big business for automakers with consumers demanding more places to plug in, log on and charge up.
With sales of in-vehicle electronic technologies — already an $11.2-billion industry — projected to grow to $12.6 billion in 2008, according to data from the Consumer Electronics Association, the race for a piece of that multi-billion-dollar pie is on.
Automakers, seeking to meet growing consumer demand, are distinguishing themselves from their competitors by providing an increasing array of data connectivity options as standard equipment on new vehicles — vehicles that provide passengers a plethora of connectivity and entertainment options and that can easily serve as fully functional mobile offices and on-the-road entertainment/communications centers.
This is extremely important because, according to CEA survey results, consumers want to remain as connected while driving their cars as they are when they are in the office or at home.
Delphi Corporation’s (PINKSHEETS:DPHIQ) data connectivity systems, which include consumer ports, cables, hubs and header connections, make consumers’ commutes more enjoyable and more productive. Delphi’s data connectivity systems enable passengers to download MP3 music files from iPods and pen drives and listen to them through the vehicle’s audio system as well as view images stored on photo cards, play video games, charge cell phones, connect laptops and more. And, all of Delphi’s connectivity products are USCAR-30 compliant.
Delphi’s new hub, available for model year 2010, can accommodate multiple consumer interfaces or connectivity among vehicle systems to meet the unique needs and desires of multiple passengers.
With Delphi’s connectivity products, interfaces between the vehicle’s electrical system and external consumer equipment are virtually unlimited. Interfaces can be located throughout the passenger compartment so they are easily accessible to both front- and rear-seat passengers and may accommodate a variety of consumer devices: standard USB ports for iPods and MP3 players, RCA jacks for video games, analog ports for headphones, SD slots for photo cards â whatever best meets consumers’ needs and desires.
Delphi Electrical/Electronic Architecture engineers ensure the reliability and viability of these consumer interfaces with innovative solutions for sending high-speed data throughout the vehicle.
Delphi’s data connectivity systems, including the new hub, will be among the technologies on display during the 2008 International Consumer Electronics Show in Las Vegas, Jan. 7-10, booth North 5206.
Delphi is a leading global supplier of mobile electronics and transportation systems, including powertrain, safety, steering, thermal, and controls & security systems, electrical/electronic architecture, and in-car entertainment technologies. Engineered to meet and exceed the rigorous standards of the automotive industry, Delphi technology is also found in computing, communications, consumer electronics, energy and medical applications. Headquartered in Troy, Mich., Delphi has approximately 172,000 employees and operates 153 wholly owned manufacturing sites in 34 countries with sales of $26.4 billion in 2006.
Delphi Electrical/Electronic Architecture delivers power and signal distribution networks for today’s increasingly complex vehicles. Delphi engineers act as master architects by using proprietary design tools and software to create a virtual model of a vehicle’s E/E architecture — down to the last connector, electrical center, electronic module and wiring harness. In doing so, they evaluate the impact of various trade-offs to deliver a fully optimized E/E architecture system backed by Delphi technical centers and manufacturing facilities in 31 countries around the globe.
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 Note 2. Transformation Plan and Chapter 11 Bankruptcy, to the consolidated financial statements) 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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