Delphi will Demonstrate Mobile Electronics in Eight Show Vehicles at CES
Delphi will host a media reception and open house on future mobile technologies on Monday, Jan. 7 at 3:30 p.m.
LAS VEGAS — Delphi Corp. will demonstrate its latest vehicle electronics technologies at the 2008 International Consumer Electronics Show, Jan. 7-10 at the Las Vegas Convention Center (LVCC), North Hall (#5206). Focused on a “Safe, Green and Connected” theme, Delphi has equipped eight show vehicles including a Chinese-made Chery vehicle, with the newest mobile electronics including active safety systems, security and controls, mobile communications & entertainment, electronic cooling, mobile internet connectivity and data connectivity products.
In addition to the show vehicles, Delphi has created a specially designed simulator that allows participants to experience active safety products like adaptive cruise control with stop & go, lane-departure warning, forward collision warning with pre-crash sensing and side alert. Delphi has also created a “must-see” concept cockpit system that is specially designed to optimize the driver’s interaction with the controls of the vehicle by integrating the driver into the vehicle system.
“Starting with the products that are coming out this year to those that will be rolled out over the next several years, we have assembled the strongest line-up of new mobile electronics ever to show visitors at our CES exhibit,” said Jeff Owens, president of Delphi Electronics & Safety. “These are products that consumers are demanding in the areas of vehicle safety and mobile connectivity that automotive manufacturers are looking to seamlessly integrate into vehicles.”
Delphi is also showing an array of electronics and communications technologies including: satellite radio and TV, navigation systems, media player, premium radio, dual-view display, all-hazard public alert radio, WiFi, Bluetooth, iPod and data connectivity.
Delphi’s data connectivity systems, which include consumer ports, cables, hubs and header connections are the physical connectors that enable passengers to download MP3 music files from iPods and pen drives and listen to them through their audio system as well as view images stored on photo cards, play video games, charge cell phones, connect laptops and more.
At the show, Delphi is also introducing an expanded portfolio of electronics cooling systems that improve energy efficiency, noise reduction and performance. Innovative direct current (DC) axial fans, DC centrifugal blowers and other cooling products incorporate advanced air management technology that provides numerous benefits to both electronics manufacturers and consumers.
Jeff Owens, president of Delphi Electronics & Safety Division, will participate on a moderated panel entitled “Mobile on the Move: What’s in Store for Car Electronics” on Monday, January 7, 2008, 1:30-2:30 p.m. at the LVCC, North Hall, N264. The panel is being moderated by Solomon Daniels, editor and associate publisher of Mobile Electronics.
Delphi executives will host a media open house and reception at the Delphi exhibit on Monday, Jan. 7 starting at 3:30 p.m. at the LVCC, North Hall (Exhibit #5206). During the event, a host of Delphi experts will be available for interviews and demonstrations of the new mobile electronic technologies.
For more information on Delphi’s CES activities or to arrange interview times, contact Milton Beach, office (765) 451.0655, cell (765) 513.0630 or Jay Jiang office (765) 451.0660, cell (765) 438.2254.
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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