SOURCE: Delphi Corporation

October 04, 2007 08:00 ET

Delphi Shows Power Electronics Capabilities at MEMA Ride & Drive Show

Delphi's Battery Pack and Inverter Help Power Hybrid Vehicles

WASHINGTON, DC--(Marketwire - October 4, 2007) - Delphi (PINKSHEETS: DPHIQ) is showcasing its electrical power systems capabilities at this year's MEMA (Motor & Equipment Manufacturing Association) Ride and Drive on Oct. 4-5, 2007 at RFK Stadium. Delphi's battery pack and power inverter make up an essential portion of the powertrain for hybrid vehicles.

"There is no better place to show our capabilities in this area than in Washington, D.C.," stated Thomas Goesch, Delphi product line manager for power electronics. "With energy conservation and environmental concerns at the top of national issues, this is a perfect venue to show our hybrid vehicle systems."

Delphi delivers significant value to hybrid vehicle auto manufacturers by bringing the right electronic and electrical powertrain component systems, thermal management components and wiring architecture for their hybrid vehicles.

Leveraging its breadth and depth of systems integration and power electronics expertise, Delphi's power electronics operation provides advanced technology systems to produce hybrid vehicle powertrains that are industry leaders in efficiency.

"We are using our unique systems integration 'know how' in this emerging field to help hybrid vehicle manufacturers offer consumers efficient, cost competitive and reliable hybrid vehicle powertrains," said Goesch.

As oil prices continue to fluctuate on the high end, Delphi's power electronics experience is gaining more traction with vehicle manufacturers. More hybrid vehicles are hitting the road in North America that combine the features of two energy sources -- usually gasoline and electricity -- to help drivers save money on the cost of operating a vehicle. Currently, buyers of hybrid vehicles in the United States are eligible for tax advantages and in some states insurance reductions. In addition, hybrid vehicles emit fewer emissions than gasoline-only powered vehicles.

Delphi creates custom designs and builds lower-cost power electronics that include DC/DC converters, ECM/HEV controllers, inverters and high-voltage battery packs that integrate seamlessly into the vehicles electrical architecture.

Delphi's advanced electronics allow the electric motor to act not only as a motor but also a generator that can draw energy from the batteries to accelerate the vehicle. In addition, the same electronics allow the motor to slow the vehicle down and return a recharge to the batteries.

Delphi has had more than 70 patents issued since 2000 in power electronics and advanced energy systems. During the mid-1990s, Delphi built much of the electronics, including the hybrid module and electrical systems, for the first electric vehicles built and made available on the market by a major manufacturer in North America.

"Starting early in the development process with vehicle manufacturers, Delphi focuses on aggressively lowering the hybrid electric vehicle cost of powertrain electrification through component design, system design, manufacturability and controls and algorithms development," Goesch said. "These savings can be passed on to add more value for the consumer."

Delphi has created an extensive power electronics development lab with advanced analysis and design tools to complement its manufacturing operations. Delphi's capabilities include development from silicon to electronic modules and "art to part" prototyping.

For more information about Delphi (PINKSHEETS: DPHIQ), visit


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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