TROY, Mich., Sept. 20 /PRNewswire/ -- Delphi Corporation's new portable navigation system, NAV200, will be available for sale in October, company officials announced today.
First time users of navigation will find this unit, which is not much bigger than your hand, less intimidating and easy-to-use. Ready to go right out of the box, the NAV200 installs in just two simple steps via an included suction cup goose-neck windshield mount or unique suction disk for dash mount.
New users will also avoid the typical hassles of downloading navigation software on the computer and synchronizing it with the unit. Instead the NAV200 comes with U.S. (including Hawaii, Alaska & Puerto Rico) and Canada maps already preloaded on a secure digital (SD) card. There is no downloading required. And if something were to happen to the SD card, back up map files are stored on an included DVD.
The NAV200 home screen features a bright, colorful interface with large round icons on a touch screen for simple selections. In fact, the NAV200 software is based on the familiar Microsoft(R) Windows(R) CE operating system for a comfortable user experience.
Voice guided directions via built in speakers also make navigating simpler by eliminating the need to look at the screen once your preferred route is set.
"Industry trends show the personal navigation market is expected to grow more than double over last year," stated Adiel Avelar, global navigation business line manager, Delphi Consumer Electronics. "Part of this growth is driven by a convergence of different technologies such as navigation and entertainment. Combining these technologies at a fair price adds significant value and is very appealing to a large group of underserved, first time users who want more for their money."
Delphi NAV200 operates in two modes, standard and advanced, which helps maintain appeal to a broad range of consumers with varying levels of navigation experience.
The NAV200 boasts industry-leading navigation features. It is driven by one of the most powerful processors in the industry at 400 mHz for faster routing calculations. NAV200 features a high quality SIRFstart(TM) III GPS chipset antenna, which offers high sensitivity to position for improved mapping accuracy. And it uses the industry-leading NAVTEQ(TM) mapping database, which is trusted by popular online mapping services and several automakers. This combination of advanced navigation features results in fast and accurate routing calculations -- packaged together at a very competitive price.
Real time traffic readiness provides city commuters the option of adding Traffic Monitoring Channel (TMC) programming, a subscription-based service that provides navigation systems with traffic information that is broadcast via radio stations. By using TMC, which requires an optional adaptor, NAV200 will receive up-to-the-minute traffic information and adjust the route accordingly.
"In addition to the sophisticated navigation features, NAV200 has popular entertainment functionality including a movie player, music player and picture viewer for use when not navigating," stated Avelar. "Delphi has found a way to effectively blend these desirable technologies while maintaining a budget- conscious price that cannot currently be found in the industry."
The NAV200 popular entertainment features are accessed via optional SD cards. SD memory cards are available for purchase and should be used to store media files such as video (avi), images (jpg, gif, png) and/or audio (mp3, wav) files. The entertainment features are also complemented by a world clock, calculator and game.
The NAV200's sleek portable package features a large 3.5" bright, anti- glare, full color LCD touch screen great for watching movies or a picture show in the backseat, at home or on the go with a built-in, rechargeable three-hour battery.
After its North American debut, the Delphi NAV200 will be sold globally in Europe, Asia Pacific and South America.
The Delphi NAV200 is priced at $349.99 and will be available this October at major retailers or direct from Delphi (Pink Sheets:DPHIQ). For more information about this product or to purchase the Delphi NAV200, visit http://nav200.delphi.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 debtor-in-possession ("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 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, 2004 and its most recent quarterly report on Form 10-Q for the quarter ended September 30, 2005 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 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 interest and cancellation of their interests. As described in the Company's public statements in response to the request submitted to the United States Trustee for the appointment of a statutory equity committee, holders of Delphi's common stock and other equity interests (such as options) should assume that they will not receive value as part of a plan of reorganization. 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 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.
Source: Delphi Corporation
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