CTS Awarded European Accelerator Pedal Module Program
Elkhart, Ind. – CTS Corporation (NYSE: CTS) announced that it has been awarded a new production program to supply accelerator pedal modules to a German automobile manufacturer. Shipments are anticipated to commence in 2017, and the total revenues are expected to be in the range of $35 million over the life of the program.
“We are pleased that CTS has been selected to provide product to this important new customer,” said Kieran O’Sullivan, CEO of CTS Corporation. “This represents a significant win and milestone as we continue our strategy to expand in Europe.”
CTS (NYSE: CTS) is a leading designer and manufacturer of sensors, actuators and electronic components to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets. CTS manufactures products in North America, Europe and Asia.
For more information about CTS Corporation and its products visit www.ctscorp.com.
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