SOURCE: Delphi Corporation

September 07, 2007 09:31 ET

Delphi Features New Torque & Position Sensor on More Than $2.4 Billion of EPS System Business

FRANKFURT, GERMANY--(Marketwire - September 7, 2007) - Delphi Steering is featuring a new non-contacting torque and position sensor on its electric power steering (EPS) systems at the 62nd International Motor Show (IAA) in Frankfurt, Germany. The highly advanced sensor technology, designed for unsurpassed durability, will be used on many of Delphi's (PINKSHEETS: DPHIQ) EPS business awards, accounting for more than $2.4 billion (USD) in lifetime revenue globally, some of which was previously announced.

Delphi's current portfolio of EPS systems includes column-assist, pinion-assist and rack-assist designs. The function of the torque and position sensor is the same on each. It senses torsion bar twisting (torque) and steering shaft movement (position) and sends this data to the EPS electronic controller to calculate the appropriate power assist for optimum steering.

"This sensor is critical for achieving superior performance from our various EPS systems," said Ronald W. Voigt, director of Delphi's Steering Business Unit. "The design target was to increase system reliability and durability to record levels, and we accomplished that goal."

The new non-contacting torque and position sensor has a modular design with minimal parts content in a very compact package. It combines Hall-effect integrated circuitry and magnetic technology to sense and send accurate data to the system controller. Options allow sensing torque and relative position or torque and absolute position. Integration of torque and absolute position sensing functions in one electro-magnetic module is unique in the market.

Delphi's new EPS sensor technology has no wear surfaces because of its non-contacting design and utilizes advanced electronic circuits with high reliability. It also provides superior torque sensing accuracy and absolute position accuracy without any temperature drift or fluctuation, compared to other EPS system torque sensors. The sensor accuracy, temperature performance, and package integration have no equal currently available.

"Our Column EPS systems are on 12 major vehicle programs, with our newest Pinion EPS and Rack EPS systems extending our reach into five additional programs," Voigt said. "This new torque and position sensor provides the lifetime durability these high-performance steering systems require."

Delphi hydraulic and electric power steering systems are recognized leaders in the industry for advanced technologies, steering feel, vehicle-tuned integration, and flexibility. With localized engineering, manufacturing, and customer sales and support, Delphi Steering currently produces steering and driveline products for a diverse base of 64 customers worldwide.

A full range of Delphi Steering technologies are on display at the IAA 2007 motor show from Sept. 13 through Sept. 22. They are showcased, along with other Delphi Corp. offerings for "driving tomorrow's technology," at Stand A04, in Hall 5.1 of the Exhibition Centre Frankfurt.

For more information about Delphi Corporation (PINKSHEETS: DPHIQ) and its subsidiaries, visit Delphi's media room at www.delphi.com/media.

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.

Contact Information

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