newsrelease              

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

 

 



 June 6, 2007

FOR RELEASE:  Immediately


CTS Awarded Production Program for Turbocharger Sensors


Elkhart, IN…CTS Corporation (NYSE: CTS) today announced that CTS Automotive Products was awarded a production program by a leading global turbocharger manufacturer for a Turbocharger Position Sensor. The sensor will be used to measure vane position in variable geometry turbochargers used on passenger vehicles in Europe.  Production will begin in the second half of 2008, with annual volumes ramping steadily to well over one million units per year.  Total revenues are expected to be approximately $30 million over the five-year life of the program.  

The use of turbochargers on passenger vehicles is rapidly increasing to meet ever stricter emission regulations.  Almost all of today’s diesel engines use a turbocharger, and they are now being used on many gasoline engines.  The newer turbochargers incorporate vanes to vary the shape of the intake nozzles, making the turbochargers more responsive at low speeds.  Some also incorporate waste gate valves to control the amount of exhaust fed into the turbocharger.   Position sensors are used for closed-loop control of these vanes and gates.

“The CTS Turbocharger sensor is an extension of our Exhaust Gas Recirculation (EGR) Sensor product line,” commented Tyler Buchanan, Senior Vice President, CTS Corporation. “As the world’s leading producer of EGR sensors, we offer customers years of proven experience with position sensors for high temperature applications such as these turbocharger applications.  With our global engineering and production footprint we can support this growth technology in all regions of the world.”

For more information on CTS’ Turbocharger Sensors, please contact Seamus McKenna at 011-44-1698-505078.

 

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 Zhongshan, 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, defense and aerospace 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 the reports CTS files 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 Planning and Investor Relations
  CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514
  Telephone: (574) 293-7511,   Fax: (574) 293-6146
  www.ctscorp.com