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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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May 8, 2006
FOR RELEASE: Immediately
CTS Commences Manufacturing Operations in Czech Republic
Elkhart, IN…CTS Corporation (NYSE: CTS) a global leader in automotive
position sensors, actuators and subsystems, commenced manufacturing operations
last week in its new facility located in Ostrava, Czech Republic.
In October of 2005, CTS announced plans to move into the region by mid-2006. Jeff McCurley, Vice President and General Manager of CTS Automotive Products commented, “Thanks to our partners at CzechInvest, CTP, The Source Network, the local Czech government and our own dedicated employees, CTS was able to launch production ahead of schedule. The Ostrava facility has significantly increased CTS’ ability to serve our European customers.”
About CTS Automotive Products
CTS Automotive Products designs and manufactures
sensors, actuators and subsystems used in powertrain, safety, suspension, fuel
and emissions control systems for automotive manufacturers worldwide. 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.”
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 |