Major satellite radio announcement anticipated at media briefing on Jan. 4
NASCAR driver Kyle Busch will attend Delphi CES media open house on Jan. 4
TROY, Mich., Dec. 20 /PRNewswire/ -- Delphi Corp. anticipates making a
major announcement about its satellite radio business during the 2006
International Consumer Electronics Show (CES) in Las Vegas, Jan. 4-8, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
Delphi's CES media briefing will be held on Wednesday, Jan. 4, from
1 to 1:45 p.m. PT at the Sands Convention Center, Veronese Room #2504.
Delphi is the world's leading provider of satellite radio receivers,
producing more than 8.5 million units for OEMs, retailers and consumers since
the product's introduction in 2001.
Delphi's CES announcement will outline how the company plans to make the
satellite radio experience available to even more people.
"We're proud that more people listen to satellite radio on a Delphi
receiver than any other manufacturer in the world," said Joe Damato, director,
Delphi consumer electronics. "Consumers who experience satellite radio come
to love it. The technology has great potential, and we want to help bring it
to as many people as possible. We are committed to help maximize this
potential."
Delphi provides factory-installed satellite radios to more than 10 OE
customers, including General Motors, DaimlerChrysler, Audi, VW, Ford, Porsche,
Mercedes, Pana-Pacific, and various commercial vehicle manufacturers.
In the retail market, Delphi has built a strong presence by continuously
introducing breakthrough products, including the first consumer model in 2002
(the Delphi XM SKYFi), the first satellite radio boom box in 2002, and most
recently, the first personal, portable handheld unit, the Delphi MyFi2Go.
Beyond Satellite Radio - Safety, Information and Connectivity
Beyond satellite radio, Delphi will highlight its product portfolio in the
areas of information, connectivity and safety. "Our electronics and systems
expertise allows us to bring a wide range of technologies to the market that
make driving safer and more fun," said Robert Schumacher, Delphi Electronics &
Safety general director, advanced product development and business strategy.
"We're helping create a 'cocoon of safety' for the vehicle. We've introduced
easy-to-use touch-screen navigation systems. We're advancing the use of Wi-Fi
to allow consumers to access 'hot spots.' When it comes to innovative
electronics technologies in a variety of product areas, Delphi is bringing it
all together."
DELPHI TECHNOLOGY HIGHLIGHTS AT CES
Mobile Video. Delphi will feature its OEM overhead and rear-seat
entertainment systems.
Navigation Systems - Delphi will demonstrate its current line of
navigation systems that are more intuitive and easier to use. Products will
include Delphi's new Integration Navigation Radio that features both voice
activation and touch screen, and the first OEM application of real-time
traffic services in North America.
High-Value Telematics - Delphi will make an announcement on newly
conceived use for its high-value telematics. Delphi will also show its high-
value telematics transceiver modems for Stellar Satellite Communications Ltd.,
for use on the ORBCOMM satellite network.
Safety Systems - Delphi will be showing how it has developed a portfolio
of products that will help provide a "safety cocoon" around the vehicle.
Products include active night vision, Forewarn(R) Smart Cruise Control with
Stop & Go, Lane Departure Warning, Side Alert, Dual-Beam Back-Up Aid,
Integrated Back-Up Aid with camera, Front Detection, and Workload Management.
Wi-Fi: The Next-Generation of 802.11 - Delphi will demonstrate Wi-Fi, the
latest in 802.11 technology. The established wireless networking standard is
designed to eliminate the need for connectors, allowing consumers to
wirelessly transfer data between entertainment and information systems in the
home or office and the vehicle.
Satellite Radio - The new RoadyXT -- the smallest, thinnest satellite
radio on the market will be on display along with the Delphi MyFi, the
industry's first personal, portable XM2Go satellite radio, the Delphi SKYFi2
-- the only satellite radio with the 30 minute pause record feature and the
Delphi XM Signal Repeater -- the industry's only product that rebroadcasts
satellite radio in the home environment.
Multimedia Radio - Delphi will introduce a new multimedia radio receiver
that is packed with features including MP3, Secure Digital Card (compatible)
voice notes and more.
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, 2005 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:
OEM (Vehicle Electronics): Milton Beach,
+1-765-451-0655, Milton.beach@delphi.com , Aftermarket (including
retail satellite radio): Laura Joseph, +1-248-267-8643,
laura.joseph@delphi.com , or Corporate (general information,
executive interviews): John Shea, +1-248-813-2485,
john.shea@delphi.com , all of Delphi Corporation
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