newsrelease              

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

 

 



February 14, 2006

FOR RELEASE:  Immediately

 

CTS Corporation Receives the “Singapore 1000” Award


Elkhart, IN…CTS Corporation (NYSE: CTS) today announced its Singapore business was named as the winner of the Singapore 1000 award for Highest Sales Growth in the manufacturing industry category. The award was based on CTS Singapore achieving significant revenue growth for the period between July 1, 2004 and June 30, 2005.

Mr. Mah Bow Tan, Minister for Singapore National Development, presented CTS Singapore with the award at the 19th annual award ceremony on January 18, 2006.  The Singapore 1000 awards are conveyed to the best performing companies across a range of markets strategic to the Singapore economy, including; communications, transport, storage, finance, hospitality, manufacturing, retail, services and wholesale.
 

About the Singapore 1000 Awards

Started in 1986, the awards are the nation’s most well respected annual corporate accolade – conferred to deserving companies who had distinguished themselves through outstanding financial performance in the areas of sales/turnover, net profit and other financial indicators.  It is ranked by leading credit and business information bureau, DP Information Group: co-produced by Ernst & Young and supported by IE Singapore, SPRING Singapore and the Business Times.
 

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