SOURCE: Delphi Corporation
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March 25, 2008 10:09 ET
Delphi Assembling an Array of Answers for 2008 Mid-America Trucking Show
Delphi Showcasing Electronics and Safety in Addition to Solid Oxide Fuel Cell Capabilities
TROY, MI--(Marketwire - March 25, 2008) - Heading into this week's Mid-America Trucking Show
(MATS) Mar. 27-29 in Louisville, KY, attendees may question which Delphi
Corp. (PINKSHEETS: DPHIQ) technologies are applicable to the commercial
vehicle industry. After spending just a little time at Delphi's booth, they
will leave surprised at the depth and variety of Delphi's commercial
vehicle applications.
"MATS is the industry's largest show, and we're thrilled to showcase
Delphi's cutting-edge products to these informed, enthusiastic and
motivated attendees," said Jeff Owens, president of Delphi Electronics and
Safety. "Delphi will showcase products that consumers demand in vehicle
safety and mobile connectivity, as well as alternative power sources. And,
each can be seamlessly integrated into vehicles."
Currently on tap to appear in Delphi's booth at MATS (Booth #24075 in the
North Wing Lobby) are the following technologies:
-- Cargo Sensing -- When added to a mobile asset tracking system, the
Delphi cargo detector takes the "guess-work" out of knowing whether a
trailer is empty or loaded. Using infrared illuminators, the Delphi cargo
detector sensor easily verifies the presence of cargo in the trailer.
-- Commercial Vehicle Integrated Safety System (CVISS) -- Automotive
industry studies have shown that giving a driver just one extra second of
warning time can help prevent many accidents. Delphis active safety
products are designed to help give drivers a little more time to react to
potentially hazardous situations. Integrating proven active safety
functions, a single display provides drivers alerts and information about
system functions while helping to reduce cost.
-- High Value Telematics -- Offering global M2M connectivity, Delphis
satellite communicators use the ORBCOMMs low-earth-orbit satellite network
to provide a cost- effective way to deliver information. Also in
development are similar products for the CV market that will operate over
terrestrial networks.
-- All Hazard Public Alert -- Addressing the demand for location-based
weather and other critical emergency alerts, All Hazard Public Alert
automatically tunes to the National Weather Radio station appropriate to a
vehicles position and provides location-based alerts whether the radio is
on or off.
-- Data Connectivity -- Technologies that enable commercial vehicles to
do more than ever before -- notify drivers of mechanical or electronic
problems, reroute themselves around stopped traffic or congested highways,
send email messages to notify owners of an equipment malfunction or
collision, and entertain drivers and passengers with music, movies and
video games -- are coming into the marketplace at an accelerating pace.
Delphi's Data Connectivity Systems enable OEMs to bring these technologies
inside truck cabs and sleeper compartments. Delphi's Data Connectivity
Systems can accommodate multiple consumer interfaces and link various
systems within the vehicle, transforming cabs and sleeper units into multi-
functional, on-the-road communications/entertainment centers.
-- Commercial Vehicle Key Fobs -- 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.
-- Reconfigurable Switch Banks -- Providing OEMs and fleets the
flexibility to meet specific customers requirements with plug-and-play
versatility, Delphi switch banks allow frequently-used switches to be
conveniently located closer to the driver.
-- Sleeper Control Panels -- Integrating multiple sleeper functions into
one module, this Delphi innovation helps make the sleeper more functional
for drivers while reducing cost and mass.
-- Solid Oxide Fuel Cell (SOFC) -- One of the Delphi's newest
technologies, the SOFC auxiliary power unit is a high-efficiency,
environmentally friendly device that converts the chemical energy in
conventional vehicle fuels -- such as gasoline, diesel fuel and bio-
diesel -- directly into useful electrical power. For commercial
vehicles, Delphi's SOFC auxiliary power unit directly improves vehicle
fuel economy and emissions by reducing the need for engine idling.
In addition, Delphi radios will be on display in Pana-Pacifics booth. The
leading national distributor of integrated applications and services for
the OEM trucking industry, Pana has distributed Delphi audio systems since
2004.
ABOUT MID-AMERICA TRUCKING SHOW
The 37th Annual Mid-America Trucking Show is shaping up to be the largest
show ever. More than 100 companies have signed on to take part in the 2008
show. The demand for exhibit space at Mid-America has increased to the
point that MATS will once again be using Broadbent Arena in addition to the
newly renovated North Wing, South Wing, East Hall, West Wing, Pavilion and
Lobby Areas. All told, the show will encompass more than 1 million square
feet of indoor air conditioned exhibit space and more than 200,000 square
feet of outdoor exhibits and events.
For more information, visit www.truckingshow.com.
ABOUT DELPHI
Delphi is a leading global supplier of mobile electronics and
transportation systems, including powertrain, safety, steering, thermal,
and controls & security systems, electrical/electronic architecture, and
in-car entertainment technologies. Engineered to meet and exceed the
rigorous standards of the automotive industry, Delphi technology is also
found in computing, communications, consumer electronics, energy and
medical applications. Headquartered in Troy, Mich., Delphi has
approximately 169,500 employees and operates 156 wholly owned manufacturing
sites in 34 countries with sales of $22.3 billion in 2007. Delphi can be
found on the Internet at www.delphi.com.
Forward-Looking Statements
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 and to obtain an extension
of term or other amendments as necessary to maintain access to such
facility; 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 consummate its Amended Plan which was confirmed
by the Court on January 25, 2008; the Company's ability to satisfy the
terms and conditions of the EPCA; 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 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 or
those of its principal customers 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, 2007, including the risk factors in Part I. 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.