SOURCE: Delphi Corporation

January 08, 2008 09:00 ET

Delphi Introduces Innovative Electronics Cooling Systems at CES

Small Axial Fans Are Among the Advanced Technology That Provides Superior Energy Efficiency and Noise Reduction for a Variety of Applications

LAS VEGAS, NV--(Marketwire - January 8, 2008) - Delphi Corporation (PINKSHEETS: DPHIQ) is introducing an expanded portfolio of electronics cooling systems that improve energy efficiency, noise reduction and performance, the company announced today at the 2008 International Consumer Electronics Show, held here Jan. 7-10.

Innovative direct current (DC) axial fans, DC centrifugal blowers and other cooling products incorporate advanced air management technology that provides numerous benefits to both electronics manufacturers and consumers and will be featured at Delphi's booth, No. 5206, Las Vegas Convention Center, North Hall.

"Delphi's technology provides improved noise reduction and energy efficiency, as well as enhanced cooling," said Ray Johnson, managing director - New Markets, Delphi Thermal Systems. "For manufacturers, this means improved output and energy usage. For consumers, this means increased performance of their computer and gaming equipment."

Delphi's DC axial fans, DC blowers and other cooling products are available in a wide range of sizes. Delphi can also custom-design products to meet the demands of any manufacturer or product, with the capability to develop new designs very quickly -- and the resources to perform extensive testing throughout the development and manufacturing process.

"For example, we have found on some devices, power consumption reductions of up to 15 to 20 percent over comparable competitive products," said Mark J. Parisi, product line manager, Air Management Systems - Delphi Thermal Systems. "We've also noted noise reduction of 2 decibels or greater, with significant improvement in tonal attributes as well."

In addition, reliability testing has proven that a number of Delphi's fans outperformed the competition in terms of life expectancy, yet another benefit for electronics manufacturers and consumers.

Helping with product development and testing is Delphi's new company, Delphi Taiwan Ltd., which was formed earlier this year through the acquisition of Sonic Edge Industries (SEI), a Taiwan-based developer of electronics cooling fan technology. By uniting SEI's heritage in product development with Delphi's long history of thermal expertise and vast global resources, Delphi is able to bring a broad array of technologically advanced, energy-efficient cooling systems to a wide variety of markets, including consumer electronics, computer and medical applications.

"The global reach of Delphi allows us to provide a number of competitive advantages to our customers," said Parisi. "In addition to our advanced applications of technology, Delphi's longstanding commitment to quality, future development and customer relationships truly distinguishes us in the marketplace."

Additionally, Delphi's DC axial fans are central to its expanded product portfolio. The patented technology behind these fans was developed through a license agreement with PaxIT, utilizing technology developed by PAX Scientific, Inc. This industrial design firm specializes in identifying, evaluating and replicating the flow efficiencies of nature into streamlined design geometries, a concept known as biomimicry. In the case of Delphi's fan technology, the use of biomimicry results in fan blades that generate airflow streams with significantly reduced turbulence to deliver quieter, more energy-efficient performance.

Delphi's fan technology will be on display at the International Consumer Electronics Show, Jan. 7-10 at Delphi's booth, No. 5206, Las Vegas Convention Center, North Hall.

For more information visit Delphi at www.delphi.com/media.

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 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 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 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 (including the transformation plan described in its filings with the SEC and the Bankruptcy Court. 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, 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 little or 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.