SOURCE: Delphi Corporation

January 03, 2008 08:00 ET

Delphi Showcases Its Broad Range of Controls & Security Products at 2008 CES

LAS VEGAS, NV--(Marketwire - January 3, 2008) - Delphi Corporation's (PINKSHEETS: DPHIQ) electronic displays, security systems and mechatronics products are being displayed at the 2008 International Consumer Electronics Show (CES). Delphi is showcasing these products that link the driver to the vehicle at its exhibit (#5206) at the North Hall of the Las Vegas Convention Center.

Delphi's control systems are a critical interface between the driver and the vehicle. These products provide drivers information, convenience and protection as well as help define the vehicle by differentiating its cockpit and operation from other cars or trucks.

"Our control and display products actually connect the driver to the vehicle by giving them convenient access and intuitive operation of the vehicle systems," said Jugal Vijayvargiya, lead executive for Delphi's Controls & Security product business unit. "We have helped OEMs define vehicles by enhancing the cockpit with intuitive controls and displays for more than 90 years."

Delphi has taken instrumentation from monochromic, analog, mechanical devices to full-color, electronic reconfigurable displays and cockpits that the driver can adjust to his/her individual driver preferences. Delphi controls and security products address the needs of OEMs by providing the right interface and information for the driver. Delphi will showcase many of these products that provide vital vehicle systems feedback at CES. The products that Delphi will showcase include:

Hybrid Color-Configurable Cluster

Delphi's hybrid color-configurable cluster offers OEMs greater flexibility in displaying enhanced and personalized information to the driver in a cost-effective package. The cluster matches proven electromechanical, motor-driven gauges with a reconfigurable active matrix liquid crystal display to provide attractive styling. The cluster provides the driver with information that can be reconfigured to fit his/her personal preferences.

Controls and Displays with Color-Selectable Cockpit and Ambience Lighting

Delphi offers an appealing personalization option that enables drivers to adapt the interior lighting color to their personal tastes at any time. The system complements Delphi's award-winning color-selectable instrument cluster that is commercially available today. This system features custom lighting in the entire cockpit.

Long-Range Bi-directional Key Fob Vehicle Access System

Delphi's latest key fob offering is a bi-directional key fob that provides car-to-user and user-to-car communication informing the user about the status of various functions in the car. Deep expertise in vehicle wireless communication enables Delphi to offer optimum range performance to the OEM. Delphi's bi-directional key fob system provides long-range possibilities for car-to-user communication. The bi-directional key fob has a range of up to 1 km (open-air) and 250 m (from within buildings). The system allows users to lock and unlock doors, open trunks and operate panic buttons. It can also feature remote start and display vehicle status through a new E-Ink electronic paper display.

Integrated Center Panel with Dual Zone Control and Display

First introduced on the Jaguar XK, Delphi's one-piece Integrated Center Panel helps OEMs lower cost and simplify design. This Delphi innovation replaces separate HVAC, radio, entertainment, communications, accessory and other functional switches with a single mechatronic module. The one-piece design offers significant cost savings when compared with the cost of individually installed components. It reduces wiring harness cost and mass, while providing a uniform look in the interior.

Delphi's Integrated Center Panel is available with touch screen and traditional switching interfaces. Delphi can integrate switch functions for a centrally-mounted touch screen that allows for intuitive selection of climate, audio, navigation, telephone and vehicle personalization settings.

Integrated Roof Module

Delphi's roof modules are integrated seamlessly into the vehicle and enhance convenience to consumers. The products integrate functionality such as switches, interior lighting, intrusion detection and cameras in the roof environment. The roof module features include: multiple switch option bank, integrated forward looking camera for active safety features, ultrasonic intrusion and inclination sensor, LED task lighting, compass, temperature and humidity sensors, interior security camera and the low-cost LIN (Local Interconnect Network) interface. The module helps simplify the vehicle interior as well as assembly.

Ultrasonic Intrusion Sensing/Inclination Sensing

Delphi theft protection products help OEMs meet all insurance requirements for vehicle security with production-ready, integrated intrusion and inclination sensing system. The theft protection family includes immobilizer solutions, intrusion detection, and inclination sensing and an alert siren with applications that fully comply with existing and future planned regulations to help provide drivers peace of mind. Delphi offers OEM solutions that fully comply with existing and planned regulations and are integrated into the vehicle's electrical architecture taking into consideration performance, cost and space.

Adaptive HMI Controller

Delphi offers a multi-modal haptic control with adaptive detents and stops for intuitive operation of entertainment, navigation and HVAC systems. The controller features a rotary control with adaptable electromagnetic braking design. The system provides haptic rotary feedback that is designed to match the visual display content.

For more information about Delphi (PINKSHEETS: DPHIQ), visit www.delphi.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. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," the negative of these terms and other comparable terminology. 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 financing facility; the terms of any reorganization plan ultimately confirmed; 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 (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); the Company's ability to satisfy the terms and conditions of the Plan Framework Support Agreement; 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, 2006 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. Additional factors that could affect future results are identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2006, including the risk factors in Part I. Item 1A. Risk Factors, contained therein and the Company's quarterly periodic reports for the subsequent periods, including the risk factors in Part II. Item 1A. Risk Factors, contained therein, filed with the SEC. 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 prepetition 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 cases 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. In addition, 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, 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 prepetition liabilities.

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