Published:
Delphi's Custom Backlighting Technology on Chevy Tahoe Wins 2007 SPE Innovation Award
Technology Recognized in Materials Category and Named 'Best of the Best'

Delphi Corp. (PINKSHEETS: DPHIQ) recently helped
General Motors receive top recognition in the 2007 SPE® Automotive
Innovation Awards Competition held annually by the Automotive Division of
the Society of Plastics Engineers International. GM received the honor for
Delphi's custom backlighting technology available on the instrument panel
of the Chevrolet Tahoe. The innovation uses
color-converting plastics to illuminate the vehicle's audio system and
highlight the controls on the instrument panel.
Delphi Electronics & Safety, a division of Delphi Corporation, nominated
the GM Tahoe for the award. Available on GM full-size trucks, the
technology was cited as the winner of the competition's Materials Category
and prestigious Grand Award which is presented to honor the "best of the
best" from award winning technologies in the seven categories recognized at
the 2007 SPE Innovation Awards. In addition, Delphi won the most innovation
use of materials category.
"Delphi continuously looks for ways to help our customers add value to
their products," said John Matly, Delphi Electronics & Safety Director of
Manufacturing Engineering. "This is a great example of how we are focusing
on innovation and lowering cost to help make our customers more
competitive."

The innovative use of color-converting translucent plastic and a unique
light delivery system creates the custom color backlighting with
lower-cost, off-the-shelf blue LEDs that absorb one color and emit another.
The technology uses Delphi patented color-converting, plastic, blue LEDs
and below-the-board light distribution to achieve the desired colors and
reduces the number of LEDs from 30 to 5. The custom color backlighting has
a broad application that allows for a wide range of colors, multiple colors
in the same product, better control of emitted color, higher reliability
and a faster development cycle.
SPE's Innovation Awards recognizes the "most innovative use of plastics" in
the automotive industry. Categories include body interior,
chassis/hardware, materials, performance and customization, powertrain,
process/assembly/enabling technologies and body exterior. Dozens of teams
made up of vehicle manufacturers, tier suppliers and polymer producers vie
for honors each year in the program that culminates at an annual awards
gala. Finalists in each category are selected by vote of the SPE
Automotive Division Board of Directors and category winners and the Grand
Award are selected by a panel of Blue Ribbon judges made up of retired
industry leaders and members of the media.
For more information about Delphi (PINKSHEETS: DPHIQ), visit
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.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Automotive:Cars, Automotive:Trucks, Automotive:Parts and Accessories, Automotive:Otherpassengervehicles, ,INTHPINK,INTHPINK,INTHPINK,MI,TROY, MI
_ _Is your favorite bookmark site missing?
Ask for it.