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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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April 7, 2006
FOR RELEASE: Immediately
CTS Announces Establishment of EMS
Operations in Mexico
Elkhart, IN…CTS Corporation
(NYSE: CTS),
a leading global
provider of electronics manufacturing services, announced today that its
Electronics Manufacturing Solutions (EMS) business is establishing manufacturing
operations in Matamoros, Mexico. Production is expected to start in mid-2006 and
will focus on electro-mechanical and system integration. The Matamoros facility
marks the fourth EMS manufacturing site in North America, in addition to
Moorpark and Santa Clara, California and Londonderry, New Hampshire. CTS
Corporation has manufactured components and sensors in Matamoros for nearly
forty years. Utilizing Matamoros’ facility allows EMS to expand its operations
by further capitalizing on CTS’ existing infrastructure.
Don Schroeder,
President of CTS EMS, stated, “It is important that CTS remains flexible and
able to respond to the needs of both existing and potential customers in all
regions. The Matamoros facility allows us to continue providing high levels of
support to our customers in North America.”
About
CTS EMS
CTS EMS is a Tier Two provider of electronics manufacturing products
and services to a range of markets, including communications, medical, defense
and aerospace, and industrial equipment. With headquarters in Moorpark,
California, CTS operates eight manufacturing
facilities worldwide in Europe, North America and Asia.
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 certain 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, and all statements that are
not based on historical fact, but rather reflect our current expectations
concerning future results and events. We make certain assumptions when making
forward-looking statements, any of which could prove inaccurate, including, but
not limited to, statements about our future operating results and business
plans. The ultimate correctness of these forward-looking statements is
dependent upon a number of known and unknown risks and events, and is subject to
various uncertainties and other factors that may cause our actual results,
performance, or achievements to be different from any future results,
performance, or achievements expressed or implied by these statements.
For more detailed information
on the risks and uncertainties associated with CTS' business activities, see our
reports filed with the SEC. CTS undertakes no obligation to publicly update its
forward-looking statements, whether as a result of market or industry changes,
new information or future events.
| 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 |