Delphi’s Full Complement of Emissions Canisters on Display at International Boatbuilders’ Show
Auburn Hills, Mich. — For the second consecutive year, Delphi will show boating-industry representatives from around the world its evaporative emissions solutions for impending regulations on boats with built-in fuel tanks. In addition, Delphi will display key products for the complete range of marine engine management systems at the 2008 International Boatbuilder’s Exhibition (IBEX) Oct. 6-8 in Miami.
“On the road, Delphi has been recognized as an industry leader in automotive evaporative emissions for more than 30 years,” said Sue LaBine, Delphi Powertrain chief engineer for Canisters and Evaporative Controls. “Now, we are taking that experience to the water and developing environmentally-friendly, cost-effective solutions for the marine industry. At IBEX, we’ll connect Delphi with the dynamic industry and its talented people—especially those implementing this latest technology.”
As an integral part of an effective evaporative control system, Delphi marine evaporative emissions canisters help limit the amount of hydrocarbons released into the environment. Delphi’s canisters are located in-line between the fuel tank and the outside vent. As gasoline vapors enter the canister, hydrocarbon molecules in the vapors are attracted to, and stored upon, the surfaces of the carbon bed inside the canister. The canister is then passively purged as fresh air is drawn toward it and the vapors are returned to the fuel tank, thus limiting the hydrocarbon exposure to the atmosphere.
Delphi’s canisters have been validated in the marine environment and comply with the American Boat and Yacht Council (ABYC) and the National Marine Manufacturers Association (NMMA) current recommendations and requirements.
In addition to supplying canisters, Delphi has the ability to integrate hoses, drains and other devices to create a sub-system working harmoniously with the latest marine fuel systems.
Currently, Delphi produces more than six million evaporative emissions canisters annually. As the only canister supplier in the marine market with more than 30 years of involvement, Delphi is leveraging its vast experience and knowledge to offer customers world-class quality, warranty and performance. Further, Delphi has full engineering capabilities in North America and Europe to help manufactures meet evolving evaporative emissions regulations and support the global reduction of ground level ozone.
In addition to its evaporative emissions canisters modules and systems, Delphi offers key, customizable powertrain products for the complete marine engine management system. That line-up of components and systems is applicable for gasoline engine management, small engine management and diesel engine management.
IBEX, the International Boat Builders’ Exhibition and Conference, is the only trade show in the world dedicated exclusively to the education and purchasing needs of professional boat builders, designers, repairers, surveyors, and boatyard and marina managers. More information can be found at www.ibexshow.com.
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 159,000 employees and operates 153 wholly owned manufacturing sites in 34 countries with sales of $22.3 billion in 2007. Delphi can be found on the Internet at www.delphi.com.
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 its advance agreement with GM, to obtain an extension of term or other amendments as necessary to maintain access to such facility and advance agreement; 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 achieve all of the conditions to the effectiveness and/or final consummation of the Amended and Restated Global Settlement Agreement and Amended and Restated Master Restructuring Agreement with General Motors; the ability of the Company to consummate its amended plan of reorganization which was confirmed by the Court on January 25, 2008, any subsequent modifications to the confirmed plan or any other subsequently confirmed plan of reorganization; 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 Item 1. Business “Plan of Reorganization and Transformation Plan” of the Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC) 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 Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC, 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.
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