newsrelease              

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

 

 



 August 7, 2006

FOR RELEASE:  Immediately

 

CTS Awarded Production Program from Renault for Next Generation

Electronic Accelerator Pedal Module


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 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.” 
 

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