LAS VEGAS — Delphi Corp. announced today the introduction of a premium sound system designed to work with multiple satellite radio receivers. The Delphi Premium Sound System will be featured at the 2007 International Consumer Electronics Show.
With the Premium Sound System, consumers can enjoy crystal clear XM Satellite Radio sound transmitted seamlessly through the Delphi SKYFi3, Roady XT, MyFi and Audiovox Xpress XM receivers. The Delphi Premium Sound System is the easiest, most elegant way to listen to XM Satellite Radio at home, at the office, or even outdoors with its battery feature.
“The Delphi Premium Sound System’s sleek design makes it an excellent choice for use in the corporate office, and its premium sound allows listeners to enjoy digital audio throughout their day — even when away from their car,” said Max Rogers, general director of consumer electronics, Delphi Product & Service Solutions. “This system will appeal to a wide range of XM Satellite Radio listeners.”
In addition to its multi-receiver functionality, the Delphi Premium Sound System features an advanced acoustic and integrated systems design where every element is designed to work in harmony with the others, efficiently and simply. These elements include precisely engineered speakers, state-of-the-art power supply and amplifier architecture, and advanced digital signal processing. There is also a bass enhancer to provide full sound, even at lower volume levels. The result is natural, life-like sound with a sense of clarity and spaciousness not typically found in a system at this price and size.
Along with its compact design, the Premium Sound System features an integrated handle and an integrated XM antenna for convenient portability from room-to-room or on-the- go away from home. No complex setup or adjustments are needed to start enjoying the crystal clear Delphi Premium Sound System. Docking a compatible XM receiver is all it takes to start enjoying crystal-clear sound virtually anywhere. Plus, private listening is available through headphones, and the Delphi Premium Sound System can be connected to another audio device, such as an MP3 player (headphones and MP3 player not included).
“The Delphi Premium Sound System offers the ultimate in flexibility for consumers who own different to XM receivers,” said Massimo Baldini, Delphi’s global satellite radio business line manager. “Delphi has a rich heritage of innovation in radios, which started with the first in-dash, factory-installed radio in 1936, and continues today with several industry leading firsts in satellite radio technology, enabling us to produce a portable sound system of the highest quality.”
The Delphi Premium Sound System will be priced at $179 and will be available this spring.
For more information on Delphi’s new Premium Sound System, visit Exhibit 5206, North Hall at the Las Vegas Convention Center during the 2007 International Consumer Electronics Show (Jan. 8-11) or at www.shopdelphi.com. For more information about Delphi and its subsidiaries, visit Delphi’s media room at www.delphi.com/media.
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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. 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 facility; 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 with its Plan Investors; the company’s ability to satisfy the terms and conditions of the Plan Framework Support Agreement with GM and its Plan Investors (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); 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 Item 1. Business “Potential Divestitures, Consolidations and Wind-Downs” of the Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC) 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. Other risk factors are listed from time to time in the company’s United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. 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 pre-petition 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 proceedings 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 interests and cancellation of their interests. 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 and as stated in its October 8, 2005, press release announcing the filing of its Chapter 11 reorganization cases, 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 pre-petition liabilities.
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