CTS CORPORATION Elkhart, Indiana 46514 (574) 523-3800
February 12, 2008
FOR RELEASE: Immediately
CTS Automotive Products Receives “Supplier of Excellence Award for Product Development” from Honda Motor Corporation
Elkhart, IN…CTS Corporation (NYSE: CTS) has been recognized by Honda Motor Corporation with a “Supplier of Excellence Award for Product Development.” Honda honored CTS on February 12, 2008 at their headquarters in Tokyo, Japan for developing “a compact and low power consumption accelerator pedal with an integrated sensor.” CTS’ accelerator pedal module will be on display for one year in the Exhibition Area in Honda’s Aoyama headquarters. Production for these accelerator pedal modules was launched at CTS’ new Zhongshan, China facility in 2007.
Commenting on the award, Vinod M. Khilnani, CTS President and Chief Executive Officer, stated, “On behalf of the CTS employees that made this possible, I want to thank Honda for the prestigious award presented to CTS. Achieving the high product development standards of Honda confirms CTS’ position as one of the world’s leading suppliers of electronic accelerator pedal modules. CTS looks forward to expanding our relationship with Honda, who is well known for providing quality automotive products globally.”
To find out more about CTS’ pedal products, please contact Ken Kochanowski at (574) 389-2749.
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.
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, potential changes in the economy generally and in respect to the businesses in which CTS operates; rapid technological change 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; and risks associated with CTS’ international operations, including trade and tariff barriers, exchange rates and political and geopolitical risks. For more detailed information on the risks and uncertainties associated with CTS’ business, see the reports CTS files with the SEC, available at http://www.ctscorp.com/investor_relations/investor.htm. 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.
L. Belusar, 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) 523-3800, Fax: (574) 293-6146|