Delphi Automotive (NYSE: DLPH) announced today that the company has been awarded a $3.7 million grant from the U.S. Department of Energy (DOE) to develop a highly-versatile, energy-efficient method for micro-machining complex shapes. Utilizing ultrafast laser technology, the new manufacturing process will enable enhanced production of flow control holes in Delphi’s gas direct injection (GDi) fuel injectors. This process will increase laser machining energy efficiency up to 25 percent over standard practices while eliminating secondary processes such as etching, deburring or surface cleaning. Delphi is partnering with Raydiance, Inc. and Microlution, Inc. in the development of this new system. The project’s prototype platform will be developed and verified at Delphi’s Rochester facility. “Delphi is committed to developing leading-edge technologies and processes which provide environmentally-responsible solutions to real-world challenges. We are very pleased to partner with the U.S. Department of Energy for these activities at our Rochester facility,” said Jeffrey Owens, chief technology officer, Delphi Automotive. “This project has energy-saving implications and applicability across numerous industries and our working relationship with the Department of Energy is critical to advancing these important initiatives.” About Delphi Delphi Automotive PLC (NYSE: DLPH) is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Operating major technical centers, manufacturing sites and customer support facilities in 30 countries, Delphi delivers real-world innovations that make products smarter and safer as well as more powerful and efficient. Connect to innovation at www.delphi.com. About Raydiance, Inc. Raydiance develops and produces precision manufacturing solutions enabled by femtosecond laser technology. Our solutions comprise ready-to-integrate hardware and software packages that address complex manufacturing challenges. It is our commitment to deliver value—improved products and lower manufacturing costs—to customers in the medical, consumer, and industrial markets. About Microlution, Inc. Microlution Inc. is a Chicago Illinois based machine tool manufacturer specializing in building high performance manufacturing equipment that has been optimized for the fabrication of small high precision parts. Microlution’s mechanical milling and laser based machining centers are used worldwide in a variety of industries. Microlution systems are used to fabricate parts from a wide range of materials ranging from plastics, metals, glass, and ceramics and have shown to be a cost effective solution for both prototyping and high volume applications.
FORWARD LOOKING STATEMENTSThis press release, as well as other statements made by Delphi Automotive PLC ("Delphi" or the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are 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. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: global economic conditions, including conditions affecting the credit market, the cyclical nature of automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw material integral to our products; the Company's ability to maintain contracts that are critical to its operations; the ability of the Company to attract, motivate and/or retain key executives; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers, and the ability of the Company to attract and retain customers. Additional factors are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. 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, except as may be required by law.