The Delphi Premium Sound System's crystal-clear sound and convenient
portability will appeal to a broad range of XM(R) Radio listeners
LAS VEGAS, Jan. 11 /PRNewswire/ -- Delphi Corp. announced today the
introduction of a premium sound system designed to work with multiple
satellite radio receivers. The Delphi Premium Sound System will be featured
at the 2007 International Consumer Electronics Show.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
With the Premium Sound System, consumers can enjoy crystal clear XM(R)
Satellite Radio sound transmitted seamlessly through the Delphi SKYFi3(R),
Roady XT(R), MyFi(TM) and Audiovox(R) Xpress(TM) XM receivers. The Delphi
Premium Sound System is the easiest, most elegant way to listen to XM
Satellite Radio at home, at the office, or even outdoors with its battery
feature.
"The Delphi Premium Sound System's sleek design makes it an excellent
choice for use in the corporate office, and its premium sound allows
listeners to enjoy digital audio throughout their day - even when away from
their car," said Max Rogers, general director of consumer electronics,
Delphi Product & Service Solutions. "This system will appeal to a wide
range of XM Satellite Radio listeners."
In addition to its multi-receiver functionality, the Delphi Premium
Sound System features an advanced acoustic and integrated systems design
where every element is designed to work in harmony with the others,
efficiently and simply. These elements include precisely engineered
speakers, state-of-the-art power supply and amplifier architecture, and
advanced digital signal processing. There is also a bass enhancer to
provide full sound, even at lower volume levels. The result is natural,
life-like sound with a sense of clarity and spaciousness not typically
found in a system at this price and size.
Along with its compact design, the Premium Sound System features an
integrated handle and an integrated XM antenna for convenient portability
from room-to-room or on-the-go away from home. No complex setup or
adjustments are needed to start enjoying the crystal clear Delphi Premium
Sound System. Docking a compatible XM receiver is all it takes to start
enjoying crystal- clear sound virtually anywhere. Plus, private listening
is available through headphones, and the Delphi Premium Sound System can be
connected to another audio device, such as an MP3 player (headphones and
MP3 player not included).
"The Delphi Premium Sound System offers the ultimate in flexibility for
consumers who own different to XM receivers," said Massimo Baldini,
Delphi's global satellite radio business line manager. "Delphi has a rich
heritage of innovation in radios, which started with the first in-dash,
factory-installed radio in 1936, and continues today with several industry
leading firsts in satellite radio technology, enabling us to produce a
portable sound system of the highest quality."
The Delphi Premium Sound System will be priced at $179 and will be
available this spring.
For more information on Delphi's new Premium Sound System, visit
Exhibit 5206, North Hall at the Las Vegas Convention Center during the 2007
International Consumer Electronics Show (Jan. 8-11) or at
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.
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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Related links:
http://www.delphi.com/media
http://www.shopdelphi.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO
PRN Photo Desk photodesk@prnewswire.com
http://www.prnewswire.com/comp/076666.html/
CONTACT:
Carrie Wright of Delphi, +1-248-267-8687,
carrie.wright@delphi.com
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