|
newsrelease
|
|
|
|
CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
|
August 7, 2006
FOR RELEASE: Immediately
Elkhart, IN…CTS Corporation (NYSE: CTS) today announced that Renault has awarded
CTS Automotive Products a production contract for a next generation Electronic
Throttle Control (ETC) Accelerator Pedal Module.
Total sales from the eight-year program are expected to reach $25 million, with production scheduled to begin in late 2008. CTS will manufacture the Pedal Modules in Europe for use on Renault’s Megane vehicle, which is sold throughout mainland Europe. CTS began supplying pedal modules to Renault in 2001 and currently produces pedal modules on five platforms.
“CTS is pleased to continue its long-standing relationship with Renault,” said Jeff McCurley, Vice President and General Manager of CTS Automotive Products. “Our next generation Accelerator Pedal Module offers Renault increased quality, performance and reliability.”
For more information on ETC Accelerator Pedal
Modules, please contact Ken Kochanowski at (574) 389-2749 (North America) or
Dave Russell at 011-44-1698-503941 (Europe).
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 |