CTS Awarded Multiple Accelerator Pedal Model Production Programs with Asian Customers
ELKHART, Ind.--CTS Corporation today announced that it was awarded four production programs for its Electronic Throttle Control (ETC) Accelerator Pedal Modules.
The awarded programs are:
The pedals will be built in CTS’ new facility in Zhongshan, China with the first deliveries starting in the second half of 2009. Total sales from these awards are expected to reach approximately $12 million over the five-to-seven year lives of these programs. While the initial revenues are not large, these wins move CTS into its targeted markets in terms of high-tech, “green” applications like hybrid, electric and commercial vehicles.
These pedal program wins demonstrate the versatility of CTS’ pedal products and the benefits of a global presence. Growth in Asian markets continues to provide market and geographic diversification opportunities for CTS’ sensor and actuator products.