SOURCE: Delphi Corporation

October 24, 2007 09:00 ET

Delphi's Experts to Participate in SAE 2007 Commercial Vehicle Engineering Congress & Exposition

Supplier Offers Unique Electrical, Electronic and Safety Solutions for Growing Number of Commercial and Specialty Vehicle Applications

TROY, MI--(Marketwire - October 24, 2007) - Delphi Corporation (PINKSHEETS: DPHIQ) will take an active role in discussing the future of commercial vehicle electrical, electronic and safety systems at the Society of Automotive Engineers 2007 Commercial Vehicle Engineering Congress & Exposition, Oct. 30 - Nov. 1, in Chicago.

Within the aggressive market of commercial vehicle supply, Delphi offers valuable products and technical expertise that meet the need for more durable, environmentally-friendly and lower cost systems.

Technical Presentations

Delphi will present the following two papers during the CV415 - Off-Road Electrical Connector Harness Design and Reliability Session on Tuesday, Oct. 30, 8:00 a.m. in Room 12.

2007-01-4157 "Delphi Halogen-Free Cable for Commercial Vehicle Applications" Halogen-free recyclable cable has been of interest to the automotive industry for its improved environmental properties as compared to polyvinyl chloride (PVC) or cross-linked polyethylene (XLPE). By using a new insulation material, Delphi has produced a cable that is not only eco-friendly but also very durable, opening opportunities outside of the automotive market. This new insulation material is a new generation of plastic as compared to PVC or PE and provides superior pinch and abrasion properties compared to those materials while, at the same time, reducing weight.

2007-01-4158 "Improved Electrical Harness Performance for Commercial and Off-Road Vehicles" This paper discusses the key phases that impact wiring harness performance -- harness design, harness manufacture, and vehicle installation. This paper identifies the key steps within these phases that ultimately impact wiring performance. Also, for these various wiring key steps, best practice engineering recommendations are provided. If these recommended practices are executed, the result should be improved electrical harness performance.

Technology on Display

Delphi will host a display booth (No. 707) exhibiting some of its most innovative commercial vehicle technologies including electrical/electronic architecture and electronics and safety systems.

Delphi Integrated Safety Systems

Delphi is helping to bring down the cost of active safety with innovative products that integrate proven safety features into one system. Using one electronic control module and a single display for its forward collision warning, headway alert, lane departure warning and side alert systems, drivers are warned of conditions known to cause the majority of collisions. Delphi also has a broad portfolio of passive safety products that complement its active safety portfolio.

Multi-Function Steering Wheel Controls

Delphi's reconfigurable steering wheel controls allows drivers to perform multiple functions from the steering wheel including adjusting the radio, heating, ventilation and air conditioning, cell phone and some navigation functions. The new concept provides fingertip control from a scroll switch mounted behind the spoke of the wheel. The new wheel is designed to help drivers keep their eyes on the road and provide better ergonomics, with fewer switches required to control more functions.

Power Management & Distribution

Delphi's Halogen-Free Cable is one of the most significant innovations in automotive cable in years and offers the potential for even more significant applications in commercial and specialty vehicle markets. Touted for its durability, halogen-free requirements, superior performance, smaller size and recyclability, it can reduce both cable mass and harness diameter.

Delphi also provides vehicle manufacturers the flexibility to meet specific customer requirements with plug and play instrument panel switches. Delphi's reconfigurable switch system helps OEMs reduce cost by reducing wire harnessing size and complexity as well as making build sequence less complicated. The reconfigurable switch system's diagnostic capabilities will alert drivers of non-functioning switches. In addition, the product allows for content additions after the sale and frequently used switches can be located closer to the driver.

Electrical/Electronic Architecture

Today's commercial and specialty vehicles are expected to deliver the same performance levels and cabin comforts as passenger vehicles. This translates into more high-tech engine management systems, enhanced active safety systems, and even more information and entertainment options -- all of which is made possible through Electrical/Electronic Architecture. Delphi engineers use proprietary design tools and software to create a virtual model of a vehicle's E/E architecture -- down to the last connector, electrical center, electronic module and wiring harness.

Consumer Data Connectivity

Delphi's Data Connectivity Systems, which include consumer ports, cables, hubs and header connections, can accommodate multiple consumer interfaces and link various systems within the vehicle, transforming cabs and sleeper units into multi-functional on-the-road communication centers, offices and entertainment centers. Interfaces between the electrical system and external consumer equipment may accommodate audio/video, telematics and global positioning exchange including standard USB ports for iPods™ and MP3 players, RCA jacks for video games, analog ports for headphones and SD slots for photo cards.

Hybrid / High-Power Technology

On display will be Delphi's Power Pack 2000 Connection Systems, which address the rigorous power requirements and robust performance necessary for extreme in-vehicle environments such as those found in commercial vehicles. Capable of carrying up to 200 amps, the Power Pack Connection Systems series features a silver-plated terminal design that allows the connection system to withstand temperatures of up to 155° C.

While not at the show, Delphi also 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 vehicle's 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.

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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 Note 2, Transformation Plan and Chapter 11 Bankruptcy, of our Annual Report on Form 10-K for the year ended December 31, 2006) 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 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. 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 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 pre-petition liabilities.

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