New Residential A/C Business Signals Delphi Growth in Non-Traditional Markets
This new residential air conditioning business illustrates Delphi's continued success in transferring its traditionally automotive expertise into non-automotive markets. Production is scheduled to begin in the first quarter of 2006.
YORK and Delphi began to work together several years ago when United States government regulations required energy efficiency ratings increase from 10 SEER (Seasonal Energy Efficiency Rating) to 13 SEER for the residential air conditioning market.
"Delphi's microchannel brazed condenser has provided alternatives to YORK's traditional tube and fin designs helping them achieve their efficiency and performance goals in a smaller package," Ray Johnson, thermal solutions business line executive, Delphi Thermal & Interior, said.
The collaboration of the Delphi and YORK engineering staffs has resulted in a lighter and more compact cooling unit, giving YORK more heat exchange capacity in a significantly smaller package than what would have been possible using tube and fin heat exchanger designs. As a result, this has allowed YORK to design products that meet 13 SEER without increasing the size of the condensing unit, maintaining the same size package when compared to a 10 or 12 SEER unit.
"We are continuing to see our thermal knowledge, honed over almost 100 years in the automotive sector, create a strong value proposition for other customer market segments," Ronald Pirtle, president, Delphi Thermal & Interior, vice president, Delphi Corp., said. "Our systems and components expertise, when aligned with YORK's well established competencies, has helped introduce an exciting and competitive technology to residential cooling."
Since the creation of its thermal solutions business line, Delphi has successfully transferred its automotive heating and cooling expertise to electronics, residential and commercial air conditioning markets.
For more information about Delphi and its operating subsidiaries, visit Delphi's Virtual Press Room at http://www.delphi.com/media /. For more information regarding YORK International visit http://www.york.com .
FORWARD LOOKING STATEMENTS
All statements contained or incorporated in this press release which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, savings expected as a result of our global restructurings or other initiatives, portfolio restructuring plans, volume growth, awarded sales contracts and earnings per share expectations or statements expressing general optimism about future operating results) are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. Important factors, risks and uncertainties which may cause actual results to differ from those expressed in our forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2003 and our disclosures filed regarding the status of the ongoing internal investigation being conducted by the audit committee of the Company's board of directors. In particular, the achievement of projected levels of revenue, earnings, cash flow and debt levels will depend on our ability to execute our portfolio and other global restructuring plans in a manner which satisfactorily addresses any resultant antitrust or labor issues and customer concerns, any contingent liabilities related to divestitures or integration costs associated with acquisitions, and other matters; the success of our efforts to diversify our customer base and still maintain existing GM business; the continued protection and exploitation of our intellectual property to develop new products and enter new markets; and our ability to capture expected benefits of our cost reduction initiatives so as to maintain flexibility to respond to adverse and cyclical changes in general economic conditions and in the automotive industry in each market we operate, including customer cost reduction initiatives, potential increases in warranty and raw material costs, pension contributions, healthcare costs, disruptions in the labor, commodities or transportation markets caused by terrorism or war and other changes in the political and regulatory environments where we do business. Delphi does not intend or assume any obligation to update any of these forward-looking statements.
CONTACT: Barb Barkley of Delphi Corp., +1-716-439-2594,