NASCAR driver Kyle Busch, Delphi Executives will host media open house on
Jan. 8
LAS VEGAS, Dec. 20 /PRNewswire/ -- Delphi Corp. will show a host of
technologies, including a diverse portfolio of navigation, satellite radio,
entertainment technologies and active safety systems, at the 2007
International Consumer Electronics Show at Exhibit 5206, North Hall, Las
Vegas Convention Center.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
Delphi is addressing the issues of ease of use and utility to help
attract new users and make its innovative mobile applications more
prevalent.
"We believe the comprehensive lineup of Delphi technologies on display
at CES will resonate with automakers and consumers," said Jeff Owens,
president of Delphi Electronics & Safety. "Safety is a priority for vehicle
owners, and virtually every driver has experienced the frustration and
anguish associated with being lost while driving. Active safety and
navigation products are some of the most powerful and useful tools
introduced to the automobile in this decade. Our goal is to make these
systems ubiquitous on vehicles."
Active Safety
In active safety, Delphi is introducing integrated cameras that perform
multiple functions, such as lane departure warning, driver impairment
integration, intelligent headlight control, road sign recognition, active
night vision and pedestrian recognition.
"We are lowering the cost of adding these safety features to vehicles
by integrating multiple functions within a single system," Owens said.
Navigation
Delphi is stepping up its efforts to make onboard navigation and active
safety systems more common by offering a broad range of integrated product
offerings.
In navigation, Delphi provides low, mid, and high end OEM and retail
systems. Delphi is taking steps to eliminate the mystery of navigation
systems by making them easy for drivers to operate and understand. For
example, the company recently introduced its new retail navigation system,
the Delphi NAV 200, which offers a unique blend of advanced navigation and
entertainment features in a sleek, portable value-priced package.
Delphi offers touch screen controls, similar to self check-out
supermarket displays, on its full range of navigation systems to make them
easy to operate. Delphi's large, easy-to-read color displays make inputting
destinations or points of interest simple. Delphi OE and retail navigation
systems also provide intelligent map and voice prompts to make getting to
destinations easy and efficient.
"Today, operating a navigation system is no more complicated than using
a radio," said Francisco Ordonez, president, Delphi Products & Service
Solutions. "At Delphi, we are working to educate automakers, dealers,
salespeople, and consumers about the value these systems bring to them.
Navigation systems can truly make life easier for drivers," said Ordonez.
Showcasing other electronics technologies for automakers and consumers
In addition to its portfolio of navigation devices and safety systems,
Delphi will also showcase the latest trends in portable satellite radio and
introduce new plug-and-play accessories, including some universal designs
for multiple receiver functionality.
Leveraging its 100-year automotive heritage as a leader in global
vehicle systems, Delphi will also display show vehicles that feature an
array of integrated controls, security systems and entertainment systems,
including:
* Integrated cockpit modules and instrumentation.
* Intrusion and Inclination Sensing devices.
* Radio units with integrated amplifiers.
* Rear seat audio/video systems.
* Headrest displays with independent controls and video inputs.
* HD radio.
* Delphi connection systems for USB.
* High value, low cost world radios.
* Global navigation systems.
* Satellite radio diversity antenna.
* High value telematics.
* Cargo Sensing.
DELPHI MEDIA OPEN HOUSE - MONDAY, JAN. 8 AT 3 P.M. PT
Delphi will host a media open house on Monday, Jan. 8 from 3 - 5 p.m.
at its exhibit at the Las Vegas Convention Center (#Exhibit 5206).
Jeff Owens, president of Delphi Electronics & Safety and Francisco
(Frank) A. Ordonez, president, Delphi Products & Service Solutions, will
host the reception. Also hosting is: NASCAR driver Kyle Busch. Kyle will be
on hand to sign autographs and meet fans.
Along with Kellogg's Delphi was a major associate sponsor of the No. 5
Chevrolet driven by Busch during the past NASCAR season. Delphi will
announce its 2007 sponsorship at the open house.
During the event, a host of Delphi subject matter experts will be
available for interviews and to demonstrate the new technologies.
For more information on Delphi's CES activities or to arrange a media
interview, contact Milton Beach (765) 451.0655, Carrie Wright (248)
267.8687 or John Shea (248.813.2485) of Delphi Media Relations.
For more information about Delphi (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, 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
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 Corp.
back to top
