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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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June 26, 2006
FOR RELEASE: Immediately
CTS Automotive Products Recognized by
Toyota for Achievements in
Delivery and Quality Performance
Elkhart, IN…CTS Corporation (NYSE: CTS), has been recognized by Toyota Motor
Manufacturing North America Inc. (TMMNA) for outstanding delivery and quality
performance. Toyota honored CTS Automotive Products’ Canadian manufacturing
facility for achieving 100 percent on-time delivery and for shipping accelerator
pedal modules with zero defects in 2005.
“Toyota views our suppliers as business partners, and together we have improved our efforts in quality, delivery and value,” said Simon Nagata, Vice President of Purchasing for TMMNA, located in Erlanger, Kentucky.
Jeff McCurley, Vice President and General Manager of CTS Automotive Products added, “We are proud to have our manufacturing site in Canada recognized by Toyota for their delivery and quality performance. Toyota is known for its extremely high standards, and achieving this level of delivery and quality performance requires both excellent manufacturing capabilities and processes as well as a strong working relationship with Toyota. This recognition is a tribute to both our suppliers and the dedicated people working at our facility.”
This is the second recognition
award CTS has received from Toyota in the last year.
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 Toyota
Toyota (NYSE: TM) established operations in North America in 1957 and
currently operates 14 manufacturing plants in North America, including two
currently under construction. There are more than 1,700 Toyota, Lexus and Scion
dealerships in North America, which sell more than 2.5 million vehicles a year.
Toyota directly employs more than 38,000 workers in North America, an investment
currently valued at more than $16.8 billion, including sales and manufacturing
operations, research and development, financial services and design. Toyota's
annual purchasing of parts, materials, goods and services from North American
suppliers totals more than $28 billion.
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 |