newsrelease              

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

 

 



 April 29, 2005

FOR RELEASE:  Immediately


CTS Corporation Awarded Multiple Accelerator Pedal Assembly Programs with
a Major Japanese Automotive Manufacturer


Elkhart, IN…CTS Corporation (NYSE: CTS), a global leader in the design and manufacture of automotive sensors, actuators and subsystems, announced today that a major Japanese vehicle manufacturer has selected CTS Automotive Products to supply Electronic Throttle Control (ETC) Pedal Assemblies to several automobile platforms produced in North America, Europe, and Africa. Beginning in 2006, these new production wins will generate over $30 million in revenues for CTS over the five-year estimated life of the program.

“CTS’ ETC Pedal Assemblies integrate our best-in-class sensor technologies into the accelerator pedal providing superior performance and best value to OEMs globally. CTS’ global success in this product line can be attributed to our experience with automotive products and our ability to meet all technical and production needs for our customers,” according to Jeff McCurley, Vice President/General Manager for the Automotive Products Group at CTS.

This win exemplifies CTS’ strategy to expand our automotive customer base with innovative new products in growing market segments to provide double digit sales growth over the next five years.

CTS Automotive Products designs and manufactures sensors, actuators and subsystems used in the powertrain, safety, and chassis groups of automotive manufacturers worldwide. The Company manufactures the products in Elkhart and Berne, Indiana; Streetsville, Ontario, Canada; Glasgow, Scotland; Matamoros, Mexico; Kaohsiung, Taiwan; and Dongguan, China.

For more information on non-contacting ETC pedal modules and related products, please contact Ken Kochanowski at (574) 389-2749 (North America), Dave Russell at 011 44 1698 503941 (Europe), or Barry Simes at (574) 395-3575 (Asia).

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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 and communications markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the CTS Web site at www.ctscorp.com.

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, statements regarding the business and strategic benefits of the SMTEK acquisition, 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, Sr. 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