newsrelease              

CTS CORPORATION  Elkhart, Indiana 46514  •  (574) 293-7511   

 

 



 December 6, 2006

FOR RELEASE:  Immediately


CTS Corporation Receives Taiwan’s 2006
Export Processing Zone Outstanding Enterprise Award


Elkhart, IN…CTS Corporation (NYSE: CTS) today announced its Taiwan business was named as the winner of the 2006 Export Processing Zone (EPZ) Outstanding Enterprise Award by the Taiwan EPZ Administration, Ministry of Economic Affairs. The award was based on CTS Taiwan best exemplifying the mission of Kaohsiung, Taiwan’s first EPZ.

The award ceremony was held December 1, 2006, in Taiwan’s National Science and Technology Museum. It was conducted by Dr. Hou Ho-Shong, Administrative Deputy Minister of the Ministry of Economic Affairs, Mr. Sheng-Bao Tzeng, Director of EPZ Administration, Ministry of Economic Affairs and Mr. Shiunn-Shyang Chen, Vice President of National Science and Technology Museum.

The prestigious award was presented to Mr. James Chen, Managing Director of CTS Components Taiwan Ltd. during the 40th anniversary celebration of Taiwan’s first EPZ. The Outstanding Enterprise Award was presented to six companies from a group of 300 and was conveyed based on management achievement, R&D innovation, marketing ability, employee development and social responsibility. CTS has been operating successfully in Kaohsiung, Taiwan since 1968.
 

About the Outstanding Enterprise Awards
The Outstanding Enterprise Awards honor companies that best meet the EPZ mission. In 1966, Taiwan’s first EPZ located in Kaohsiung, came into existence with four major missions: to expand foreign trade, attract industrial investments, bring in latest production techniques and offer job opportunities. The EPZ’s influences on and contributions to the industries as well as local developments during this period have not only produced results, but also completed a remarkable page in the history of economic development of Taiwan as a model for developing countries.
 

About CTS
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical and industrial markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS.” 
 

Safe Harbor Statement
This press release contains statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include, but are not limited to, any financial or other guidance, statements that reflect our current expectations concerning future results and events, and any other statements that are not based solely on historical fact.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.  These forward-looking statements are made subject to certain risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from those presented in the forward-looking statements.  For more detailed information on the risks and uncertainties associated with CTS’ business, see our reports filed with the SEC.  CTS undertakes no obligation to publicly update its forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.   
 

Contact:      Vinod M. Khilnani, Senior Vice President and Chief Financial Officer, or
Mitchell J. Walorski, Director of Investor Relations
  CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514
  Telephone: (574) 293-7511,   Fax: (574) 293-6146
  www.ctscorp.com