LAS VEGAS, Jan. 11 /PRNewswire/ -- The Consumer Electronics Association
(CEA(R)) recently announced Delphi Corp. as an International CES
Innovations 2007 Design and Engineering Awards Honoree for its newest
satellite radio receiver, the Delphi SKYFi3(R). The SKYFi3 XM(R) Satellite
Radio receiver is the first microSD compatible MP3 satellite radio receiver
with pause-replay.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
Delphi's SKYFi3 will be displayed at the 2007 International CES, Jan.
8- 11, 2007 in Las Vegas, Nev. The Innovations Design and Engineering
Showcase will feature honorees by product category at Innovations Plus at
the Sands Expo and Convention Center, Booth #68747.
Products entered in this prestigious program are judged by a
pre-eminent panel of independent industrial designers, engineers and
members of the trade press to honor outstanding design and engineering in
cutting-edge consumer electronics products.
"We are honored to be recognized by the Consumer Electronics
Association for our latest satellite radio innovation, the SKYFi3," said
Francisco (Frank) Ordonez, president, Delphi Product & Service Solutions
and vice-president, Delphi Corp. "Our engineering team worked very hard to
deliver a product that consumers will demand. And this prestigious award,
along with the overwhelming response we have received in the media since we
introduced this product, shows they have really hit the mark."
As the latest successor in the best-selling SKYFi family, the SKYFi3 is
65 percent smaller, yet maintains nearly every benefit of the previous
generation product. Optimized for the vehicle, the SKYFi3 receiver comes
with a car dock included. SKYFi3 also offers an optimum balance of compact
size, screen readability and portability outside the vehicle.
In addition, the SKYFi3 can also store and manage up to 10 hours of XM
programming through non-removable internal memory, as well as an unlimited
number of MP3 files through optional and removable microSD cards. The
SKYFi3 also has the largest 9 line display in its class and mounts
vertically or horizontally using a low-profile car dock.
As a widely renowned consumer technology awards program that began in
1989, the prestigious Innovations Design and Engineering Awards recognize
achievements in product design and engineering. It is sponsored by CEA, the
producer of the International CES, the world's largest consumer technology
trade show, and endorsed by the Industrial Designers Society of America
(IDSA), the voice of industrial design, committed to advancing the
profession through education, information, community and advocacy.
Products entered into Innovations 2007 must be available to market to
U.S. retail outlets or the company website between Jan. 1, 2006 and June
30, 2007. The Innovations entries are judged based on the following
criteria:
-- Engineering qualities of the product, including technical
specifications and materials used
-- The product's intended use/function and user value
-- Aesthetic and design qualities (using visuals provided)
-- Unique and novel features
-- Contributions to consumers' quality of life
-- Impact on the manufacturer's business model
Products chosen as an Innovations honoree reflect innovative design and
engineering of the entries. Examples may include the first time various
technologies are combined in a single product or dramatic enhancements to
previous product designs.
About Delphi
Delphi is a world leader in mobile electronics and vehicle components
and systems technology with a history that spans more than 100 years. In
fact, Delphi developed the first in-dash stereo in 1936. Delphi also helped
XM launch the first portable satellite radio receiver in 2001, the SKYFi.
Delphi went on to introduce more industry firsts, including the first
satellite radio boom box, first home signal repeater and even the first
personal and portable satellite radio receiver, the Delphi MyFi(TM). Today,
Delphi is the leading manufacturer of satellite radios and accessories with
over 13 million sold to date. In fact, 3 out of 4 users listen to satellite
radio on Delphi hardware.
For more information about Delphi's consumer electronics products,
please visit http://www.shopdelphi.com. For more information about Delphi (Pink
Sheets: DPHIQ) and its subsidiaries, visit Delphi's media room at
http://www.delphi.com/media.
About XM
XM is America's No. 1 satellite radio company with more than 7 million
subscribers. Broadcasting live daily from studios in Washington, D.C., New
York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto
and Montreal, XM's 2007 lineup includes more than 170 digital channels of
choice from coast-to-coast: commercial-free music, premier sports, news,
talk radio, comedy, children's and entertainment programming; and the most
advanced traffic and weather information.
XM, the leader in satellite-delivered entertainment and data services
for the automobile market through partnerships with General Motors, Honda,
Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota, is available in 140
different vehicle models for 2007. XM's industry-leading products are
available at consumer electronics retailers nationwide. For more
information about XM hardware, programming and partnerships, please visit
http://www.xmradio.com.
FORWARD LOOKING STATEMENT
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. 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 facility; 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 with its Plan Investors; the company's ability to satisfy the
terms and conditions of the Plan Framework Support Agreement with GM and
its Plan Investors (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); 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 "Potential Divestitures, Consolidations and
Wind-Downs" of the Annual Report on Form 10-K for the year ended December
31, 2005 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; and the ability of the company to attract and retain
customers. Other risk factors are listed from time to time in the company's
United States Securities and Exchange Commission reports, including, but
not limited to the Annual Report on Form 10-K for the year ended December
31, 2005. 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 proceedings 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
interests and cancellation of their interests. 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 and as stated in its October 8, 2005, press release
announcing the filing of its Chapter 11 reorganization cases, 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.
SOURCE Delphi Corporation
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