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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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February 15, 2007
FOR RELEASE: Immediately
CTS Awarded Production Programs for
Seat Belt Tension Sensors
Elkhart, IN…CTS Corporation (NYSE: CTS) today announced that CTS Automotive
Products was awarded multiple production programs for its Seat Belt Tension
Sensor (BTS) by a major North American global vehicle manufacturer. CTS’ Seat
Belt Tension Sensor will be integrated into seat belt assemblies for small and
mid-sized vehicles built and sold in North America. Production will begin in
the spring of 2007 to support new 2008 model year vehicles. Total sales are
estimated to reach $13 million over the life of these programs. CTS will
manufacture the BTS units at its Elkhart, Indiana facility.
Introduced in 2003, CTS’ Seat Belt Tension Sensor is currently featured on 39 platforms. The BTS provides a key input signal to a vehicle’s Occupant Classification System, which classifies front passenger-side occupants and selects the airbag deployment strategy.
“CTS is delighted to be awarded these programs,” stated Tyler Buchanan, Senior Vice President, CTS Corporation. “With these awards, CTS continues to demonstrate the value of this product to the marketplace for occupant safety.”
For more information on CTS’
Seat Belt Tension Sensors, please contact Doug Cors at (574) 389-2744.
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 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 |