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CTS
CORPORATION Elkhart, Indiana 46514 (574)
523-3800
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August 19, 2009
FOR RELEASE: Immediately
CTS Corporation and ZF TVS
(India) Sign Marketing Agreement
Elkhart, IN…CTS Corporation
(NYSE: CTS) today announced that it has entered into a marketing agreement with
ZF Electronics TVS, a designer and manufacturer of electrical and electronic
products located in Madurai, India. The marketing agreement will allow CTS to
market its successful line of automotive and electrocomponent products to new
customers in India’s fast growing markets.
CTS will market its rotary and linear position sensors, ceramic fuel cards and other products in various market segments in India, with an initial focus on 4- and 2-wheeler automotive markets, which are experiencing strong growth.
“As electronic content in
Indian automobiles grows and emission laws are being tightened through the
implementation of Bharat Stage III and IV emissions norms, CTS’ products are an
excellent fit for these applications. We look forward to partnering with ZF
Electronics TVS to help support OEMs with advanced solutions, as they meet
India’s growing transportation needs,” commented Vinod M. Khilnani, CTS Chairman
and Chief Executive Officer.
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.”
About ZF Electronics TVS
(India) Private Limited
ZF Electronics TVS (India) Private Limited (Formerly TVS Cherry Private Limited)
is a joint venture between TVS Group, India and ZF Electronics Corporation,
Germany (a group company of ZF Friedrichshafen AG, Germany) to manufacture
precision snap action switches, sensors and electromechanical assemblies in
India for markets including consumer durables, automotive, computer products,
industrial equipment and telecom equipment. The TVS Group is India’s leading
supplier of automotive components and one of the country’s most respected
business groups.
| Contact: |
Donna L. Belusar, Senior Vice President and Chief
Financial Officer |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 523-3800, Fax: (574) 293-6146 | |