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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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December 11, 2006
FOR RELEASE: Immediately
CTS Awarded Production Program from
General Motors for ETC
Accelerator Pedal Modules
Elkhart, IN…CTS Corporation (NYSE: CTS), today announced that CTS
Automotive Products was awarded a production program from General Motors for its
Electronic Throttle Control (ETC) Accelerator Pedal Modules. The pedal modules
will be featured on vehicle platforms built in South America and sold throughout
Central and South America. Production of these vehicles is scheduled to begin in
2008.
Total sales from this award are expected to reach nearly $18 million over the life of the program. Including this award, CTS’ Accelerator Pedal Modules have been selected for use on 50 different automotive platforms manufactured in North and South America, Asia and Europe.
“This program is a significant win for CTS,” commented Jeff McCurley, Vice President and General Manager of CTS Automotive Products. “We previously provided pedal sensors for GM pedals, but this is our first ETC pedal module award with General Motors, and we are actively quoting several more programs with them. We now sell contacting and non-contacting ETC pedal modules to seven of the top ten global vehicle manufacturers.”
For more information on ETC
Accelerator Pedal Modules, please contact Ken Kochanowski at (574) 389-2749.
About CTS Automotive
Products
CTS Automotive Products is a global leader in the design, test and
manufacture of automotive sensors, accelerator pedal modules, actuators and
subsystems. Recognized for its customer responsiveness and expertise in
high-volume automotive packaging, CTS Automotive Products is focused on
delivering value-added products and services to its expanding worldwide customer
base. The Company manufactures automotive and related products in Elkhart,
Indiana; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros,
Mexico; Kaohsiung, Taiwan; and Dongguan, China.
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 |