Jan 07, 2008 07:00 ET
Delphi Providing Active Safety Technologies for European Automaker on Several Models
LAS VEGAS, NV--(Marketwire - January 7, 2008) - Delphi Corp. (PINKSHEETS: DPHIQ) announced at the 2008 International Consumer Electronics Show that it is supplying an innovative active safety system for the several new models for a prominent European automaker. Delphi is providing adaptive cruise control and collision mitigation with automatic braking technologies for these vehicles. Delphi is showcasing the system at its exhibit
#5206 at the Las Vegas Convention Center, North Hall.
"Delphi has reached another milestone in the evolution of providing safety systems with the introduction of the new collision detection system," said Beth Schwarting, executive in charge of Delphi's Safety product business unit. "Delphi is helping to take vehicle safety to the next level with these cutting-edge systems."
The system uses unique data fusion algorithms that combine the inputs from radar and vision sensors to increase road safety with seamless driver support. The system provides Adaptive Cruise Control and Collision Warning with Auto Brake functions enhanced by Collision Mitigation by Braking. The vision system also provides Lane Departure Warning and Driver Alert.
"We are excited to work with vehicle manufacturers to help them implement active safety," said Heiko Rother, product line manager for the Delphi Europe Safety product business unit. "Early adoption of these technologies helps make them safety trend-setters."
ACC helps drivers maintain speed and following distance in nearly all driving conditions. It also serves as the platform for other safety systems like collision warning and mitigation. Delphi's radar sensor continuously measures the distance to vehicles ahead and automatically adjusts the speed of the vehicle to help maintain a driver-selected "gap" from the vehicle in front of them to enhance safety. The driver activates the cruise control, setting the desired maximum speed -- beginning at 20 mph -- and chooses the minimum time interval to the vehicle ahead.
Collision Warning with Auto Brake works in concert with the ACC to help avoid rear-ending other vehicles or helps to minimize their effect. Visual and audible warnings are provided to the driver if the system senses a possible collision as the vehicle approaches another moving or stationary vehicle from the rear. If the risk of a collision increases, despite the warning, brake support is activated and the brake pads move against the discs in anticipation of a hard stop. The brake pressure is also reinforced hydraulically, ensuring effective braking irrespective of the pressure applied to the brake pedal. If the system senses that the collision is imminent, Auto Brake is activated to automatically brake the car, thus further helping to reduce collision forces.
Lane departure warning gives the driver an audible warning that they have drifted out of their respective lane. The driver alert system warns the driver through an audible signal of impending collisions.
Delphi first introduced its adaptive cruise control in 1999 and has worked with automakers on the development of active safety systems for several years.
For more information about Delphi and its subsidiaries, visit Delphi's media room 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.
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