Delphi to Manufacture and Market New Heat Exchanger for Water-Fueled Air Conditioning Systems

Product Named One of 2004's Most Significant Technologies by R&D Magazine

TROY, Mich., Feb. 2 -- Delphi Corp. has signed an agreement with Idalex Technologies of Arvada, Colorado, to be the world's exclusive manufacturer of heat and mass exchangers (HMX) for cooling air using a recently discovered thermodynamic cycle called the Maisotsenko Cycle (M- Cycle). With this action, Delphi expands its strategy of directing its competencies beyond the automotive market.

The Coolerado Cooler, marketed by Idalex subsidiary Coolerado Corporation, is the first product introducing the HMX and the first product Delphi will supply with the technology. The Coolerado Cooler is used in a variety of applications and environments for residential, commercial and industrial facilities. It was recognized in 2004 by R&D Magazine's 100 Awards program as one of the year's most technologically significant products introduced to the world.

The HMX is the key component in the air conditioner that uses water as the medium for cooling. In addition, the air conditioner does not use a compressor or chemical refrigerants, and the only electricity required is for a fan to move air. The HMX works by saturating a working air stream with water that incrementally pulls heat away from both the product and working air streams through unique flow path geometries. The result is unprecedented economical and energy efficient cooling.

Under the agreement, Delphi will manufacture the HMX product for Idalex and other customers to incorporate into their air conditioning products. Delphi expects to begin production for Coolerado in the third quarter of 2005. Delphi and Idalex are exploring other market applications for HMX such as commercial, industrial and military applications.

"This is a very exciting new technology with which we are pleased to be associated," said Ray Johnson, thermal solutions business line executive, Delphi Thermal & Interior. "The Coolerado product offers energy efficiency and environmental benefits that could be possible in other thermal applications. We will be moving very quickly with Idalex and other customers to realize more of this technology's great potential."

Idalex Chief Scientist and the M-Cycle's namesake, Dr. Valeriy Maisotsenko, said, "We are very excited to have Delphi, a world leader in air conditioning and thermal technology, embrace the M-Cycle with us." He added, "We are confident this alliance will be of great historical significance."

"The HMX product, when used in certain comfort cooling applications like Coolerado, represents at least a threefold improvement in terms of both energy efficiency and reduced environmental impact compared to most conventional systems used today," said Coolerado President Rick Gillan. "Demand for the Coolerado Cooler is very high, with daily inquiries coming in from around the world. With a manufacturing and technology giant like Delphi now building the HMX products, supply will begin to meet demand."