SOURCE: Delphi Corporation

September 05, 2007 08:30 ET

Delphi Continues to Provide Leadership in Active Safety Technologies

Delphi Offers a Unique Line of Active Safety Systems to Complement Its Passive Line

TROY, MI--(Marketwire - September 5, 2007) - Delphi Corp. (PINKSHEETS: DPHIQ) continues to help vehicle manufacturers make vehicles safer by providing a complete portfolio of active and passive safety products that are being continually improved through engineering design innovation.

A pioneer in developing low-cost, high-performance radar, Delphi will announce a new generation of radar sensor used for smart or adaptive cruise control (with stop & go), pre-crash mitigation with autonomous brake assist, pedestrian detection and collision warning at this year's IAA (International Automobil-Ausstellung) in Frankfurt. The technology will become available in 2009.

"Delphi took on what seemed like an insurmountable task of converting very expensive, low-volume, military aerospace radar systems into less expensive, high-volume radar for passenger cars nearly two decades ago," said Jeff Owens, president of Delphi Electronics & Safety division. "We are very pleased that our hard work is now paying off and providing benefits for consumers and automakers by making their vehicles safer."

Delphi's newest radar sensor will enable better performance at a lower cost, making it possible for vehicle manufacturers to offer collision mitigation technology across a larger percentage of their fleets. This next generation radar has a wide field of view and provides simultaneous long and medium range capabilities in a single sensor. The radar allows OEMs to eliminate redundant sensors, achieving system cost-savings up to 50 percent over today's products. Using a proprietary waveform with innovative low-cost electronic scanning antenna/transceiver, enhanced target detection is achieved while increasing reliability with no moving parts.

Delphi Vision Systems and Sensor Fusion

Sensor data fusion is an approach to combining multiple sensor technologies to achieve greater performance than available with an individual sensor. Delphi utilizes the complementary technologies of radar and vision to provide higher quality inputs into their threat assessment algorithms for collision mitigation and avoidance applications. Radar is used to detect object range and range rate, while vision systems confirms the classification of identified objects: vehicles, traffic signs, bridges, tunnels etc. Fusing this data allows for an enhanced look at the road ahead, and allows greater performance of active safety systems.

Delphi Integrated Camera System

Delphi is working on a single integrated CMOS (Complementary Metal Oxide Semiconductor) camera-based system that provides multiple safety enhancements at a lower cost than independent systems. Delphi's expertise and intellectual properties in vision system hardware and algorithms enable a single camera to provide multiple functions. In addition to enhancing performance of smart cruise control and pre-crash systems, the vision system can integrate additional features such as lane departure warning, intelligent head lamp control, rain and light sensing, active (near IR) night vision, rain sensing, traffic sign recognition and pedestrian detection.

Delphi utilizes certain vision algorithms developed by MobilEye N.V. with their EyeQ vision processor in the development of these vision and sensor fusion systems.

Delphi's unique approach provides a scalable vision architecture that allows for a simple up-grade path to more complex features using the same single camera system. In addition, a single camera also simplifies vehicle packaging, eliminating redundant cameras and other standalone products that compete for limited windshield space.

Featured Delphi vision technologies include:

Lane Departure Warning

Delphi's Forewarn Lane Departure Warning system tracks painted lane boundaries and helps alert the driver should the vehicle start to un-intentionally drift out of its lane, helping to greatly reduce one of the largest causes of vehicle crashes.

Rain Sensing

The same camera operates the rain sensing function that activates wipers when moisture is detected on the windshield, with the addition of a small proprietary optical system.

Intelligent Head Lamp Control

Using the single camera, intelligent head lamp control automatically activates the high-beams according to lighting and traffic conditions and automatically dim headlights for on-coming traffic and when approaching vehicles from the rear.

Active Night Vision

Active night vision uses near infrared headlamps to illuminate the road scene ahead and displays an enhanced image in the vehicle. This system provides high-beam visibility without blinding on-coming traffic. The system provides more natural looking images to the driver than thermal vision systems and allows non-thermal intense objects like trees and lane markers to be seen.

Pedestrian Recognition

The camera also enables pedestrian detection, a system that detects and classifies pedestrians. It predicts potential pedestrian impact and activates countermeasures to mitigate injuries. Pedestrian protection technologies are gaining much attention in Europe and other countries with densely populated cities.

Road Sign Recognition

Using the same camera to recognize and read road and traffic signs, the system can alert the driver to varying conditions ahead such as speed limits and no-passing zones.

In addition to active safety, Delphi provides a large portfolio of steering wheels, driver passenger, side and curtain airbags, seatbelts, passenger detection technologies.

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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