Delphi to Commercialize Proprietary Technologies With
incuVest LLC
TROY, Mich., Feb. 26 Delphi Automotive Systems
today announced it has formed a strategic alliance with technology operating
company incuVest LLC to build new businesses based on Delphi's proprietary
technologies. This would include the potential for new opportunities outside
of Delphi's core product lines with emphasis in the non-automotive
marketplace.
Delphi will provide incuVest with access to its extensive portfolio of
technologies, created by some of the world's leading scientists and engineers,
determining with incuVest which technologies will be commercialized into new
businesses. incuVest creates, develops and operates successful businesses
based on sustainable technologies that have a quantifiable value proposition.
Delphi Technologies, Inc. (DTI), a subsidiary of Delphi, facilitated the
agreement with incuVest. DTI creates, manages, protects, and leverages
Delphi's intellectual property including patents, software, and trade secrets
that are available for licensing to businesses around the world. The
agreement is part of Delphi's overall strategy to leverage its extensive pool
of innovative technologies, furthering the company's expansion beyond its core
automotive business. In addition, the alliance illustrates Delphi's
commitment to growing and restructuring its portfolio and diversifying its
customer base, while at the same time continuing to serve the technology needs
of the automotive industry.
"We are actively pursuing all opportunities to generate revenue from
Delphi's technology portfolio," said J.T. Battenberg III, chairman, chief
executive officer and president of Delphi. "Our alliance with incuVest allows
us the opportunity to explore non-traditional ways to capitalize on our
technologies outside of our core business."
Richard C.E. Morgan, incuVest chairman & CEO, said, "We are delighted to
be partnering with Delphi on this important initiative. Delphi is well known
for the rich pool of technologies that its researchers and engineers have
developed for the auto industry. In addition, Delphi has strength in its
other technology assets, and we look forward to working with them to identify
and unlock the potential value of those assets."