SOURCE: Delphi Corporation

September 10, 2007 08:30 ET

Delphi Showcases Its Broad Range of Controls & Security Products at IAA

TROY, MI--(Marketwire - September 10, 2007) - Delphi Corporation's (PINKSHEETS: DPHIQ) security systems, body computer modules, electronic displays, and mechatronics products are being displayed at this year's IAA (Internationale Automobil-Ausstellung) in Frankfurt, Germany, from September 11 through 23 in Hall 5.1, Stand No. A04.

A critical interface between the driver and the vehicle, these controls and security products offer consumers information, convenience and protection.

Delphi's Controls & Security product business unit provides OEMs with product differentiation that enhances cockpit aesthetics and provides added conveniences, vital information and added security that can influence consumers' buying habits.

"Delphi has nearly 90 years of experience in designing, engineering and integrating information displays into vehicles," said Jugal Vijayvargiya, lead executive for Delphi's Controls & Security product business unit. "Over the decades we have taken instrumentation from monochromic, analog, mechanical devices to full-color, electronic reconfigurable displays and cockpits that the driver can adjust to his/her individual driver preferences. Our products actually touch and connect the driver to the vehicle. We are extremely proud that we have been instrumental in making driving more informative, convenient, secure and more enjoyable for millions of motorists through the years."

Delphi will showcase many products that address the needs of the OEMs and the consumer that include:

Column Integrated Modules

Delphi's controls and security portfolio includes column integrated systems that start from simple stalk switch applications and go to the sophisticated designs that include electronic interface. Delphi's systems already include electronic gateways with vehicle multiplex network, gear shift control and steering angle sensors. Delphi is preparing the next generation of column integrated modules to be X-by-wire-ready and include applications offering the integration of steering angle sensors that could possibly interface with flex-ray bus.

Vehicle Access Systems

Delphi provides vehicle access systems that provide added convenience and improve vehicle protection. These solutions start from simple key fob systems and go to full keyless entry applications where Delphi provides OEMs with complete system support to achieve final vehicle level performance and robustness.

Delphi's latest offering is a bi-directional key fob that provides car-to-user and user-to-car communication to inform the user on the status of various functions in the car. Deep expertise in vehicle wireless communication enables Delphi to propose optimum range performance to the OEM. Delphi's bi-directional key fob system also provides long range possibilities on the car to user communication and a controlled range on the user-to-car communication.

Instrumentation Cluster

Instrument clusters provide key, critical information to the driver in a user-friendly manner. Delphi offers a complete range of these products with innovative solutions and many styling cues. Delphi's instrumentation can provide color reconfigurable lighting that offers the driver the ability to personalize the car's interior environment.

Integrated Center Panel

First introduced on the Jaguar XK, Delphi's one-piece Integrated Center Panel helps OEMs lower cost and simplify designs. This Delphi innovation replaces separate HVAC, radio, entertainment, communications, accessory and other functional switches with a single mechatronic module. The one-piece design offers significant cost savings when compared with the cost of individually installed components. It reduces wiring harness cost and mass, while providing a uniform look in the interior.

"Finding ways to help our customers has become a part of our business mantra," said Vijayvargiya. "Our Integrated Center Panel is a great example of how we are focusing on innovation and up-integration to help our customers be more competitive."

Delphi's Integrated Center Panel is available with touch screen and traditional switching interfaces. Delphi can integrate switch functions for a centrally mounted touch screen that allows for intuitive selection of climate, audio, navigation, telephone and vehicle personalization settings.

Roof Module

Delphi's roof modules are integrated seamlessly into the vehicle and offer more convenience to consumers. The products integrate functionality such as switches, interior lighting, intrusion detection and cameras in the roof environment.

Seat Module

The Delphi seat module combines the latest electronic control technology to provide added convenience to the driver when adjusting seats to add to ergonomic comfort in the cockpit.

Delphi's complete product portfolio includes a wide range of products from standalone switching configurations to solutions integrating full electronic control and multiplex interface. With considerable knowledge in vehicle architecture, Delphi provides the expertise to help optimize configuration of seat control switches to offer excellent performance at a low cost, including consideration of the percentage of vehicles that will use a particular seating arrangement.

Theft Protection Systems

The Delphi theft protection product family includes immobilizer solutions, intrusion detection, and inclination sensing and alert siren with applications that fully comply with existing and future planned regulations to help provide drivers peace of mind. Delphi offers OEM solutions which are integrated into the vehicle's electrical architecture taking into consideration performance, cost and space.

Body Computers

Delphi is a world leader in body computer technology, leveraging its expertise in vehicle architecture and managing information and data flow throughout the vehicle.

Engineered for flexibility, Delphi's body computers integrate functionality such as tire pressure monitoring, rear camera monitoring and vehicle access systems. Engineers at Delphi help define the most suitable electronic architecture to match the vehicle requirements and optimize system cost. The company also provides vehicle system integration service with the right level of support during vehicle development and validation to help ensure that all electronic modules interface correctly under all circumstances.

Delphi's solutions in body computers are compliant with the latest standards of vehicle software development (AutoSAR). The company uses internally developed tools which provide more robustness in the design and facilitate the re-use of building blocks by creating standard sub-functions, a key factor in reducing development cycle time and cost.

To help protect the vehicle from battery drain, the Delphi body computer family includes systems that improve the vehicle electrical energy consumption. These products consist of reversible battery disconnects that allow for better management of battery current consumption while the vehicle is not in use.

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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