Delphi Delivers DS300 Model Telematics for Stellar
Delphi Electronics & Safety produce next generation satellite two-way communicator modems for Stellar Satellite Communications
TROY, Mich., Nov. 2 -- Delphi Corp. has delivered its first shipment of the new DS300 model satellite transceiver modem to Stellar Satellite Communications. The DS300 is a sophisticated modem that utilizes sensors and software to relay vital information to and from equipment requiring advanced field intelligence using the ORBCOMM low-earth orbit satellite network.
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"Our high volume production capability helps to make the cost of these units very competitive for end-users," said Beth Schwarting, Delphi Electronics & Safety general director of Sales and Marketing. "As a result, we deliver the product's benefits at the right price, creating value for the customer. This is good for Delphi and great for Stellar."
The modem enables information sharing through satellite data messaging on equipment such as pipelines, oil wells, energy meters and storage tanks. It is also used on mobile assets including fleets, airplanes and boats.
The data from the modem is sent to a data center and then on to the subscribing company so they can keep up-to-date information on the performance of these fixed and mobile assets. Built rugged, the modems are capable of two-way tracking and monitoring of gas and oil production equipment, liquid petroleum operations and sharing weather and other vital information in adverse conditions.
"Stellar has long recognized the need to achieve two major market objectives: low priced products that meet the highest quality standard for the industry," Zvi Huber, general manager for Stellar Satellite Communications, said. "The DS300 is the first programmable, GPS-enabled modem to be offered for less than $200 for use on the ORBCOMM satellite network. Delphi's reputation for quality in the automotive industry and their world-class manufacturing combined with Stellar's 12 years of product development expertise, means we anticipate the DS300 will become a market leader."
Packed with feature and functions, the DS300 has an integrated user- programmable application processor, built-in 12-channel GPS receiver, and several input/output options, power conditioning and battery charging circuitry. The units are built using critical automotive-grade standards and are fitted with a rugged automotive grade enclosure.
The DS300 is the second in a series of modems to be jointly developed by Stellar and Delphi. Delphi began shipping the first generation unit, the DS100 model, to Stellar in June. The DS100 is suitable for remote monitoring and tracking uses.
About Delphi Corp.
Delphi is a world leader in mobile electronics and transportation components and systems technology. Multi-national Delphi conducts its business operations through various subsidiaries and has headquarters in Troy, Mich., USA, Paris, Tokyo and Sao Paulo, Brazil. Delphi's two business sectors -- Dynamics, Propulsion, Thermal & Interior Sector and Electrical, Electronics & Safety Sector -- provide comprehensive product solutions to complex customer needs. Delphi has approximately 185,000 employees and operates 167 wholly owned manufacturing sites, 41 joint ventures, 53 customer centers and sales offices and 33 technical centers in 38 countries. For more information about Delphi visit http://www.delphi.com/ .
About Stellar Satellite Communications
Stellar Satellite Communications designs and manufactures data communications products for use on the ORBCOMM satellite network for two-way messaging, tracking and monitoring applications. Equipment manufacturers and system integrators with global distribution rely on Stellar products to telemeter important data to their information systems and call centers. Its products are approved for use around the world, and are designed and field proven to withstand harsh environments common to many industrial applications. For more information, visit http://www.stellar-sat.com/ .
This press release as well as other statements made by Delphi may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 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 DIP facility; the Company's ability to obtain court approval with respect to motions in the chapter 11 proceeding 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; 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; the ability of the Company to attract, motivate and/or retain key executives and associates; and the ability of the Company to attract and retain customers. Other risk factors are listed from time to time in the Company's SEC reports, including, but not limited to the annual report on Form 10-K for the year ended December 31, 2005 and its most recent quarterly report on Form 10-Q and current reports on Form 8-K. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events 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. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.
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