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CTS CORPORATION Elkhart, Indiana 46514 • (574) 293-7511
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January 17, 2007
FOR RELEASE: Immediately
CTS Awarded Production Program for
Seat Belt Tension Sensors
Elkhart, IN¡CTS Corporation (NYSE: CTS), today announced that CTS Automotive
Products was awarded a production program by a Korean based vehicle manufacturer
for its Seat Belt Tension Sensor (BTS). With production starting in the
spring of 2007, the CTS Seat Belt Tension Sensor will be integrated in seat belt
assemblies for small SUVs built in Mexico for sale in North America. Sales
are estimated to reach $5 million over the life of this new program. CTS
will manufacture the BTS units at its Elkhart, Indiana facility.
Introduced in 2003, CTS¡¯ Seat Belt Tension Sensor is currently featured on 35 platforms. The BTS provides a key input signal to a vehicle¡¯s Occupant Classification System, which classifies front passenger-side occupants and selects the airbag deployment strategy.
¡°We¡¯re delighted with this opportunity,¡± commented Tyler Buchanan, Senior Vice President, CTS Corporation. ¡°This is a new customer for us, and it adds another product line to our Korean sales. We are well on our way to meeting our goal of doubling our automotive sales to Asia by 2009.¡±
For more information on CTS¡¯
Seat Belt Tension Sensors, please contact Doug Cors at (574) 389-2744.
¡¡
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.¡±
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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 |
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