|
newsrelease
|
|
|
|
CTS
CORPORATION Elkhart, Indiana 46514 (574)
523-3800
|
August 15, 2007
FOR RELEASE: Immediately
CTS Electronics Manufacturing Solutions Establishes New Product Introduction Center of Excellence in New Hampshire
Elkhart, IN…CTS Corporation (NYSE: CTS), a leading provider of electronics manufacturing services, announced today that its Electronics Manufacturing Solutions (EMS) business has established a new product introduction (NPI) center at its New Hampshire location.
This dedicated space allows customers to benefit from quick-turn responses for low-volume assembly without having to queue up behind higher volume production runs adding value to customers looking for reduced time-to-market. The NPI Center has dedicated capital equipment and resources to accommodate SMT and thru-hole assembly of printed circuit boards as well as flying probe test, x-ray and automated optical inspection (AOI).
The additional advantage of a dedicated NPI service is the ability to transition seamlessly into volume manufacturing services that are provided in New Hampshire and also at CTS’ facilities in California, Mexico, the UK, China, Singapore and Thailand. CTS develops parallel supply chain, test and manufacturing strategies during the NPI cycle which further reduces costs and improves cycle times for customers.
CTS EMS New Hampshire provides full turnkey EMS services for customers in the medical, defense, aerospace and industrial sectors. Services include PCB and backplane assembly, box build integration, test support and direct ship.
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,
including, without limitation, rapid technological change and general market
conditions in the automotive, communications and computer industries; reliance
on key customers; CTS’ ability to protect its intellectual property; pricing
pressures and demand for CTS’ products; risks associated with CTS’ international
operations, including trade and tariff barriers, exchange rates and political
and geopolitical risks; and the impact of the accounting misstatements at its
Moorpark and Santa Clara, California locations, including the results or the
impact of the SEC’s informal inquiry into these misstatements. 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: | Matthew W.
Long, Interim Chief Financial
Officer and Treasurer, or Mitchell J. Walorski, Director Planning and Investor Relations |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 523-3800, Fax: (574) 293-6146 | |
| www.ctscorp.com |