Delphi Offers Hub for Connecting Multiple Vehicle Systems and Consumer Interfaces
Options Are Virtually Unlimited with Number and Variety of Interfaces Available
TROY, Mich. — Fulfilling consumers’ insatiable demand for an ever-increasing array of entertainment and communication options in their vehicles, Delphi Corp. (PINKSHEETS: DPHIQ) offers a hub to accommodate multiple vehicle systems or consumer interfaces.
“A single USB port that serves as an interface between the vehicle’s electrical system and external consumer equipment enabling passengers to download MP3 music files from pen-drives and iPods and listen to music files stored on those devices through the vehicle’s audio system may not satisfy all passengers,” says John Yurtin, Connection Systems Component Specialist, Delphi Electrical/Electronic Architecture.
“Some passengers might want to play video games, look at pictures stored on photo cards or listen to music through headphones without bothering other passengers. Delphi makes this possible with a hub that allows automakers to locate a variety of consumer interfaces -- standard USB ports for iPods and MP3 players, video and audio jacks for games, DVD players or camcorders, or SD slots for photo cards -- throughout the vehicle.”
With Delphi data connectivity systems the options are virtually unlimited. Automakers determine the number, locations and variety of consumer interfaces included in the vehicle. Interfaces are typically on the dashboard, inside the glove box, on the console or in the rear seat passenger compartment.
Delphi’s E/EA engineers help automakers ensure the reliability and viability of these consumer interfaces with innovative solutions for sending high-speed data throughout the vehicle while minimizing EMI (electro-magnetic interference).
Multiple consumer interfaces can accommodate audio/video, telematics and global positioning exchange data. They are USCAR-30 compliant and all Delphi consumer interfaces employ industry standard I/O interfaces used to connect peripheral devices to computers.
Delphi’s hub design approach is focused on offering a low-cost solution designed specifically for the automotive environment and is also engineered for easy installation in the assembly plant, Yurtin says.
“Sophisticated features that Delphi’s multiple consumer interfaces provide create a competitive advantage for our customers, who are continually challenged by their customers -- consumers who want more convenience and personalization in their vehicles,” observes Majdi Abulaban, product business unit director, Delphi Connection Systems. “Delphi is focused on bringing new technologies, such as multiple consumer interfaces and all of the variety and convenience they provide, to market to help our customers distinguish themselves from their competition.”
Delphi’s consumer ports are standard equipment on several makes and models of automobiles; hubs to accommodate multiple ports or connection of multiple vehicle systems are in development targeted for model year 2010.
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 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 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 pre-petition liabilities.
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