Technology enables water-fueled, high-efficiency residential, commercial
and industrial air conditioners
"Green" benefit: System requires no compressor or chemical refrigerants
Cost benefit: System can save up to 75 percent of electricity compared to
traditional A/C systems
TROY, Mich., Nov. 15 /PRNewswire/ -- Delphi Corporation has begun
production of the Delphi Heat and Mass Exchanger (HMX) -- the "engine"
behind new water-fueled, high-efficiency air conditioners that can cool
homes, office buildings and industrial spaces across the globe for
significantly less operating cost than traditional cooling systems without
generating greenhouse gas emissions.
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Delphi officials made the announcement today at the 2006 GreenBuild
International Conference & Expo in Denver.
"Before Delphi took over the manufacturing of the HMX, supply was
unable to meet the rising demand for this revolutionary cooling component.
Now, anyone who wants an environmentally-responsible cooling system that
offers superb performance at a significantly lower cost can get one without
delay," said Raymond Johnson, product business unit director, Delphi
Thermal New Markets.
Delphi signed an agreement last year with Cooler Air Systems LLC (CAS)
of Arvada, Colo., to be the world's exclusive manufacturer of heat and mass
exchangers. The Coolerado series of residential products, marketed by CAS
affiliate Coolerado Corporation, is the first product line developed around
this groundbreaking technology.
The Coolerado Cooler was recognized in 2004 by R&D Magazine's 100
Awards program as one of the year's most technologically significant
products introduced to the world.
HMX -- HOW IT WORKS
The HMX capitalizes on a thermodynamic cycle known as the Maisotsenko
Cycle or M-Cycle. The M-Cycle harnesses the endless supply of atmospheric
energy to drive sensible cooling with excellent efficiency. In the case of
the HMX, cool air is produced via the water-fueled M-Cycle without adding a
drop of moisture.
The hotter it gets outside, the better the Delphi HMX works. The
cooling capacity and Energy Efficiency Ratio (EER) of an HMX application
increase along with the temperature outside, a feature which dramatically
reduces power consumption during peak demand when power costs the most.
"Because of this unique trait, these systems can always provide fresh,
filtered outside air," said Rick Gillan, president, Coolerado Corp. "This
stands in stark contrast to traditional A/C which relies on re-circulation
of the air inside a home or building due to a diminished capacity to cool
as the outdoor temperatures increases. A traditional system will therefore
have a lower EER and draw more power when you need cooling the most."
The HMX is modular, which allows HMX applications to be sized to any
cooling capacity requirement. Because it is an evaporative technology, the
Delphi HMX is most effective when used in stand-alone cooling solutions in
hot, dry climates -- but it can also be used in concert with direct
expansion systems, energy recovery systems, dehumidification systems and
more to yield applications of all shapes and sizes suited to any
environment.
HMX -- INDEPENDENT CONFIRMATION OF PERFORMANCE
Independent confirmation of the Delphi HMX's performance has come from
the U.S. Department of Energy's National Renewable Energy Laboratories
(NREL), Pacific Gas & Electric, and the Sacramento Municipal District.
"Systems that include the HMX do not require a compressor, which should
dramatically reduce noise versus direct expansion systems," said Steve
Slayzak, senior project manager, Center for Buildings and Thermal Systems,
National Renewable Energy Laboratory, a U.S. Department of Energy research
laboratory. "Taken together with the fact these systems use only a fraction
of the electricity and no ozone-depleting chemical refrigerants, the
benefits are as obvious as they are compelling."
HMX -- BENEFITS AND APPLICATIONS
The HMX is an air-conditioning component that is better for the
environment and kinder to customers' wallets.
HMX applications require no compressor or chemical refrigerant and can
have an energy-efficiency rating (EER) well in excess of 40.
In many applications, these systems use about four times less
electricity than traditional air conditioners to do the same job -- which
can mean a savings of $75 per month for someone spending $100 per month on
electricity to run an existing direct expansion A/C system.
"Going 'green' has never been easier. This product is perfect for
applications where there is an obligation to provide some percentage of
outside air -- large retail spaces for instance -- regardless of geographic
location," said Joseph Dunlop, commercial manager, Delphi Thermal Energy
Systems.
Any homeowner or business can benefit from the affordable cooling
offered by applications featuring the Delphi HMX, Johnson said.
"Even where A/C systems are already installed, our truly unique blend
of value and comfort is undeniable. Delphi is committed to bringing this
new product to as many customers as possible. It is the rare occasion where
groundbreaking technology meets global responsibility."
The Delphi HMX is currently in production and available for integration
into cooling solutions. For pricing and availability, please contact
joseph.dunlop@delphi.com . For more information about Delphi Corp. (Pink
Sheets: DPHIQ), visit http://www.delphi.com .
FORWARD LOOKING STATEMENT
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 debtor-in-possession
("DIP") financing 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 execute its business plans, including the
transformation plan described in the Company's March 31, 2006 press
release, and to do so in a timely fashion; 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, 2004, and its most
recent quarterly report on Form 10-Q for the quarter ended September 30,
2005, 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 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
interest 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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CONTACT:
John Shea (USA), +1-248-813-2485,
john.shea@delphi.com , or Luce Rubio (Mexico), +1-915-612-9062,
luce.rubio@delphi.com , both of Delphi Corporation
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