Delphi Introduces New Radio That Achieves Highest Functionality in a Small Package
January 3, 2006, LAS VEGAS -- Packing plenty of capability into a small package, Delphi Corp. introduced its new multimedia radio receiver here today at the 2006 International Consumer Electronics Show.
“We are continuing to set the standards in integrating the features and functionality from consumer market products into vehicle radios,” said Ken Erickson, Delphi Electronics & Safety business line executive for , Integrated Media Systems. “Our extensive history of producing mobile electronics allows us to integrate these functions while maintaining the tremendous quality and reliability standards that are demanded by car buyers.”
The new Delphi radio head unit includes a host of new technologies, including MP3 playback with personalized settings using a secure digital card. The radio also features Bluetooth hands-free cellular telephone operation, streaming audio both in and out of the receiver and PDA connectivity.
By using next- generation hardware, Delphi is able to provide advantages for OEMs and consumers in reliability, mass, energy consumption, durability and the elimination of music playback skipping. The integrated Bluetooth, microphone and signal processor in the single DIN head unit allows easy standard installation in the instrument panel without additional cables, external boxes or reworking the wiring harness.
As the most experienced provider of mobile entertainment in the industry, Delphi has produced more than 270 million audio systems since being first to put an in-dash receiver in an instrument panel in 1936. In addition, the company has produced a long number of firsts in audio and pioneered many other electronic innovations.
For more information about Delphi and its subsidiaries, visit Delphi’s media room at www.delphi.com/media.
This press release as well as other statements made by Delphi may contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 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. 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 DIP facility; the Company’s ability to obtain court approval with respect to motions in the chapter 11 proceeding 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; 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; the ability of the Company to attract, motivate and/or retain key executives and associates; and the ability of the Company to attract and retain customers. Other risk factors are listed from time to time in the Company’s SEC reports, including, but not limited to the annual report on Form 10-K for the year ended December 31, 2005 and its most recent quarterly report on Form 10-Q and current reports on Form 8-K Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events 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. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.
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