SOURCE: Delphi Corporation

November 02, 2007 13:05 ET

Delphi's Small, Light, Durable Mini-Switching Oxygen Sensor for Multec EFI Making World Debut at Milan Motorcycle Show

TROY, MI--(Marketwire - November 2, 2007) - As part of introducing motorcycle industry insiders to Multec Electronic Fuel Injection (EFI) at the 2007 International Bicycle and Motorcycle Industry Trade show in Milan, Delphi's (PINKSHEETS: DPHIQ) Powertrain Systems division will also debut the company's new smaller, lighter Mini-Switching Oxygen Sensor -- a key component to reaching Multec EFI's full potential.

By controlling the air, fuel and spark delivery in engines, Multec EFI improves one- and two-cylinder engines' performance and fuel economy while significantly reducing emissions. Manufacturers realize an easy and convenient way to implement an EFI system for gasoline and flexible-fuel powered engines.

In Multec EFI applications, the Mini-Switching Oxygen Sensor provides closed loop control of exhaust gasses to help manufactures meet current and future exhaust emissions standards by providing more accurate engine control and better exhaust system diagnostics. The sensor also enables flexible fuel operation for a variety of applications.

The strengths of Delphi's Mini-Switching Oxygen Sensors lie in the sensor's size, construction and heritage.

Size

The smaller size and weight of the Delphi Mini-Switching Oxygen Sensors allow significant flexibility. They offer performance advantages versus conventional conical sensor technology including faster light-off time and a low-wattage heater. They can also help achieve lower cold-start emissions compared with conical sensor designs.

Construction

Compared to other switching sensors, Delphi Mini-Switching Oxygen Sensors offer a pumped air reference feature and an isolated ground. They also feature waterproofing, a high-temperature internal seal (which helps provide robust reliability) and Delphi's industry-leading poison-resistant coatings.

Heritage

With more than 30 years' experience in exhaust sensors research and production, Delphi can provide manufacturers with the necessary support tailored to specific customer requests. Delphi has one of the industry's most complete portfolios of sensors and a thorough understanding of the entire engine management system. Samples of the Delphi Mini-Switching Oxygen Sensor are now available as part of the Delphi Multec EFI.

ABOUT DELPHI POWERTRAIN

Delphi's powertrain technologies provide robust solutions to complex challenges, helping its customers develop vehicles that offer outstanding performance, refinement and emissions. They include multi point injection and direct injection gasoline systems, common rail and rotary pump diesel systems in a range of capacities and, for heavy duty diesel applications, Electronic Unit Injectors and Electronic Unit Pumps. All are compatible with widely used biofuels and are complemented by innovative fuel handling, evaporative emissions, transmission control, valve train, and aftertreatment solutions. More information is available at www.delphi.com.

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.