LAS VEGAS, Jan. 3 /PRNewswire/ -- 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
The new radio features MP3, secure digital card compatibility, voice notes
recorder, auxiliary jack and Bluetooth -- all in a compact single DIN package.
"We are continuing to set the standards in integrating the features and
functionality from consumer market products into vehicle radios," said Ken
Erickson, Delphi business line executive, 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 http://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, 2004 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.
SOURCE Delphi Corporation
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Related links:
http://www.delphi.com/media
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/076666.html
CONTACT:
Milton Beach of Delphi Corp.,
+1-765-451-0655, Milton.beach@delphi.com
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