SOURCE: Delphi Corporation

January 09, 2008 08:00 ET

Delphi Shows New Dual-View Navigation at CES

Delphi Entertainment and Navigation System Features Enhanced Satellite Radio With 3-D Graphics and Local Weather

LAS VEGAS, NV--(Marketwire - January 9, 2008) - Delphi Corp. (PINKSHEETS: DPHIQ) is demonstrating a concept dual-view integrated navigation radio system with advanced navigation and enhanced satellite radio features at the 2008 International Consumer Electronics Show at its exhibit (#5206) at the Las Vegas Convention Center North Hall.

Dual-view navigation is a new product for which Delphi is leading the development. It allows a driver to view full-featured map-based navigation while the front seat passenger views video content. Delphi has designed this unique system so that the driver cannot view the video when the vehicle is operating. Specially placed sensors in the vehicle will disable the unit if the driver attempts to view video.

"We are excited about the potential of dual-view technology," said Ken Erickson, Delphi Entertainment & Communications Product Business Unit executive. "Delphi is developing human machine interface technologies that will support safe use for mobile applications."

Delphi is demonstrating the dual-view technology on one of its top-of-the line navigation systems. The dual-view display integrated navigation radio allows the driver to view a full-featured, color navigation map on a 7-inch touch-screen interface system while the passenger can enjoy satellite video or DVD. The high-performance navigation system features voice recognition, DVD-R, DVD-VX and advanced satellite radio features. New satellite radio features include new channel graphics with a display bar at the screen bottom, current location and local weather. A pop-up screen on the system features the three-day weather forecast. All of the graphics on the unit are 3-D.

How it Works:

Using a special LCD (Liquid Crystal Display) that simultaneously displays different information depending on the direction from which screen is being viewed; the system superimposes a "parallax barrier" on an ordinary TFT (thin-film transistor) LCD screen. Delphi is also showing the dual-view technology on a rear seat video screen.

In the last decade alone, Delphi has pioneered or led the introduction of multi-speaker, multi-amp premium audio, CD playbacks, DVD rear seat video, MP3 playbacks, advanced TV reception systems and satellite radio into the market. Delphi supplies both OEM and retail hardware for both domestic satellite radio providers. Since beginning production in 1936, Delphi has manufactured more than 283-million radio systems, including 18-million satellite radio units and introduced an array of new technologies.

For more information about Delphi and its subsidiaries, visit Delphi 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.