Delphi Offers 'Green,' Cost-Effective Way to Cool with New Heat and Mass Exchangers
Technology enables water-fueled, high efficiency residential, commercial and industrial air conditioners
"Green" benefit: System requires no compressor or chemical refrigerants
Cost benefit: System can save up to 75 percent of electricity compared to traditional A/C systems
Release Date: November 15, 2006
TROY, Mich. — Delphi Corporation has begun production of the Delphi Heat and Mass Exchanger (HMX) — the "engine" behind new water-fueled, high-efficiency air conditioners that can cool homes, office buildings and industrial spaces across the globe for significantly less operating cost than traditional cooling systems without generating greenhouse gas emissions.
Delphi officials made the announcement today at the 2006 GreenBuild International Conference & Expo in Denver.
"Before Delphi took over the manufacturing of the HMX, supply was unable to meet the rising demand for this revolutionary cooling component. Now, anyone who wants an environmentally-responsible cooling system that offers superb performance at a significantly lower cost can get one without delay," said Raymond Johnson, product business unit director, Delphi Thermal New Markets.
Delphi signed an agreement last year with Cooler Air Systems LLC (CAS) of Arvada, Colo., to be the world's exclusive manufacturer of heat and mass exchangers. The Coolerado series of residential products, marketed by CAS affiliate Coolerado Corporation, is the first product line developed around this groundbreaking technology.
The Coolerado Cooler 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.
HMX — HOW IT WORKS
The HMX capitalizes on a thermodynamic cycle known as the Maisotsenko Cycle or M-Cycle. The M-Cycle harnesses the endless supply of atmospheric energy to drive sensible cooling with excellent efficiency. In the case of the HMX, cool air is produced via the water-fueled M-Cycle without adding a drop of moisture.
The hotter it gets outside, the better the Delphi HMX works. The cooling capacity and Energy Efficiency Ratio (EER) of an HMX application increase along with the temperature outside, a feature which dramatically reduces power consumption during peak demand when power costs the most.
"Because of this unique trait, these systems can always provide fresh, filtered outside air," said Rick Gillan, president, Coolerado Corp. "This stands in stark contrast to traditional A/C which relies on re-circulation of the air inside a home or building due to a diminished capacity to cool as the outdoor temperatures increases. A traditional system will therefore have a lower EER and draw more power when you need cooling the most."
The HMX is modular, which allows HMX applications to be sized to any cooling capacity requirement. Because it is an evaporative technology, the Delphi HMX is most effective when used in stand-alone cooling solutions in hot, dry climates — but it can also be used in concert with direct expansion systems, energy recovery systems, dehumidification systems and more to yield applications of all shapes and sizes suited to any environment.
HMX — INDEPENDENT CONFIRMATION OF PERFORMANCE
Independent confirmation of the Delphi HMX's performance has come from the U.S. Department of Energy's National Renewable Energy Laboratories (NREL), Pacific Gas & Electric, and the Sacramento Municipal District.
"Systems that include the HMX do not require a compressor, which should dramatically reduce noise versus direct expansion systems," said Steve Slayzak, senior project manager, Center for Buildings and Thermal Systems, National Renewable Energy Laboratory, a U.S. Department of Energy research laboratory. "Taken together with the fact these systems use only a fraction of the electricity and no ozone-depleting chemical refrigerants, the benefits are as obvious as they are compelling."
HMX — BENEFITS AND APPLICATIONS
The HMX is an air-conditioning component that is better for the environment and kinder to customers' wallets.
HMX applications require no compressor or chemical refrigerant and can have an energy-efficiency rating (EER) well in excess of 40.
In many applications, these systems use about four times less electricity than traditional air conditioners to do the same job — which can mean a savings of $75 per month for someone spending $100 per month on electricity to run an existing direct expansion A/C system.
"Going 'green' has never been easier. This product is perfect for applications where there is an obligation to provide some percentage of outside air — large retail spaces for instance — regardless of geographic location," said Joseph Dunlop, commercial manager, Delphi Thermal Energy Systems.
Any homeowner or business can benefit from the affordable cooling offered by applications featuring the Delphi HMX, Johnson said.
"Even where A/C systems are already installed, our truly unique blend of value and comfort is undeniable. Delphi is committed to bringing this new product to as many customers as possible. It is the rare occasion where groundbreaking technology meets global responsibility."
The Delphi HMX is currently in production and available for integration into cooling solutions. For pricing and availability, please contact joseph.dunlop@delphi.com. For more information about Delphi Corp. (OTC: DPHIQ), visit www.delphi.com.
FORWARD LOOKING STATEMENT
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") financing 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 execute its business plans, including the transformation plan described in the Company's March 31, 2006 press release, and to do so in a timely fashion; the ability of the company to attract, motivate and/or retain key executives and associates; 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; 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. 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.
John Shea
john.shea@delphi.com
[1] 248.813.2485
Delphi
Luce Rubio
luce.rubio@delphi.com
[1] 915.612.9062
