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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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February 14, 2007
FOR RELEASE: Immediately
CTS Corporation Presented with Frost & Sullivan 2006 Award for Product
Quality Leadership
Elkhart, IN…CTS Corporation (NYSE: CTS) today announced that Frost & Sullivan has chosen CTS Corporation’s Electronics Manufacturing Solutions (EMS) business as a recipient of its 2006 Product Quality Leadership Award for the Defense & Aerospace Sectors.
CTS was selected for the award because of a proven track record of providing high quality products and services to OEMs in this specialized market and for its approach to supporting customers with a strong set of core quality and business processes. These processes include AS9100 and Mil-Spec certification, ITAR and NISP participation as well as specialist services such as wire bonding, clean room manufacturing and high specification test services. As a result, CTS has achieved 25% growth in this sector over the last two years, from both existing and new customers.
Frost & Sullivan commented, “CTS’ proactive approach to product quality has increased productivity and boosted internal, as well as customer-facing, quality levels, enabling the company to benefit from repeat customer contracts.”
Don Schroeder, President of CTS EMS, remarked on the award, “In this market, operational excellence is an imperative - our customers develop some of the most technically advanced aerospace and defense products in the world and they need an EMS partner with the scope, credibility and focus to meet their needs. I am delighted that CTS’ efforts in this sector have been recognized as “world-class” by Frost & Sullivan and we are considered to be operating best practices at our sites. I welcome the award on behalf of all our employees.”
The award
was presented to CTS at the Annual Best Practices Awards Banquet held in
Anaheim, California on February 7.
About CTS
EMS
CTS EMS is a provider of electronics manufacturing products and services to
a range of markets, including communications, medical, defense, aerospace and
industrial equipment. With headquarters in Moorpark, California, CTS operates
eight manufacturing facilities worldwide in Europe, North America and Asia.
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.”
About
Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering
with clients to support the development of innovative strategies for more than
40 years. The company’s industry expertise integrates growth consulting, growth
partnership services, and corporate management training to identify and develop
opportunities. Frost & Sullivan serves an extensive clientele that includes
Global 1000 companies, emerging companies and the investment community by
providing comprehensive industry coverage that reflects a unique global
perspective and combines ongoing analysis of markets, technologies, econometrics
and demographics. For more information, visit
www.awards.frost.com or
www.electronics.frost.com
Contact Frost & Sullivan:
Stacie Jones
210.247.2450
Stacie.jones@frost.com
Safe Harbor Statement
This press release contains 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, statements that reflect our
current expectations concerning future results and events, and any other
statements that are not based solely on historical fact. Readers are cautioned
not to place undue reliance on these forward-looking statements, which speak
only as of the date hereof. These forward-looking statements are made subject
to certain risks, uncertainties and other factors, which could cause our actual
results, performance or achievements to differ materially from those presented
in the forward-looking statements. For more detailed information on the risks
and uncertainties associated with CTS’ business, see our reports filed with the
SEC. CTS undertakes no obligation to publicly update its forward-looking
statements to reflect new information or events or circumstances that arise
after the date hereof, including market or industry changes.
| 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 |