SOURCE: Delphi Corporation

September 10, 2007 08:30 ET

Delphi's Waferized Joint Connectors Facilitate Miniaturization of Electrical/Electronic Architecture System

New Technology Enables Less Complex Electrical Harness Assembly, Addresses OEM Concern Over Diminishing Packaging Space

FRANKFURT, GERMANY--(Marketwire - September 10, 2007) - As vehicles' electrical content increases and available packaging space decreases, the development of Electrical/Electronic (E/E) architecture has evolved into a more prominent role in the transportation industry. Waferized joint connectors, on display Sept. 11-23 at Internationale Automobil Ausstellung (IAA), are a vital component of Delphi Corporation's (PINKSHEETS: DPHIQ) E/E architecture system and enable miniaturization at a time when space is at a premium.

Built from a number of smaller components known as wafers, Delphi's waferized joint connection systems use just three or four terminal cavities as compared to the traditional method of using ten or more cavities per harness.

"Using a smaller wafer in a joint connector allows us to be more efficient in our electrical system design. The presence of unused cavities is greatly reduced, allowing the joint connector to be smaller and more cost efficient," Dave Wright, global director, innovation & E/E architecture, Delphi Packard E/EA, said.

These connectors work independently of each other and have integrated secondary terminal locks, making the assembly process more flexible and less complex. Fewer wafers can be used in the overall wiring harness design, they do not need to be assembled in sequence, and a single wafer can be removed without disturbing other terminals.

"These connectors dramatically impact the way that vehicle wiring systems are assembled, improving quality and accommodating option content in a cost-effective manner," Wright said. "Now, more than ever, vehicle manufacturers need a supplier capable of analyzing their electrical content needs, and designing intelligent technologies such as these waferized joint connectors to save them space and capital."

Delphi delivers power and signal distribution networks for today's increasingly complex vehicles. Delphi engineers act as master architects by using 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. In doing so, they evaluate the impact of various trade-offs to deliver a fully optimized E/E architecture system backed by Delphi technical centers and manufacturing facilities in 31 countries around the globe.

For more information about Delphi Corp. (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 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 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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