Chevrolet 2007 Corvette Owner's Manual page 390

Accordingly, when the low tire pressure telltale
illuminates, you should stop and check your
tires as soon as possible, and inflate them to
the proper pressure. Driving on a significantly
under-inflated tire causes the tire to overheat
and can lead to tire failure. Under-inflation also
reduces fuel efficiency and tire tread life, and may
affect the vehicle's handling and stopping ability.
390
As an added safety
feature, your vehicle
has been equipped
with a tire pressure
monitoring system
(TPMS) that illuminates
a low tire pressure
telltale when one
or more of your
tires is significantly
under-inflated.
Please note that the TPMS is not a substitute for
proper tire maintenance, and it is the driver's
responsibility to maintain correct tire pressure,
even if under-inflation has not reached the
level to trigger illumination of the TPMS low
tire pressure telltale.
Your vehicle has also been equipped with a
TPMS malfunction indicator to indicate when the
system is not operating properly. The TPMS
malfunction indicator is combined with the low
tire pressure telltale. When the system detects a
malfunction, the telltale will flash for approximately
one minute and then remain continuously
illuminated. This sequence will continue upon
subsequent vehicle start-ups as long as the
malfunction exists.