ELKHART, IN--Janaury 11, 2013: CTS Corporation today announced that CTS Automotive Products was awarded a second production program to supply brushless motor-driven actuators for active air grill shutter systems. The actuators will be used on a U.S. badged SUV supplied through a major tier one supplier, CTS' second customer for this application. Total revenues over the six-year life of the program are expected to be approximately $7 million. The actuators will be manufactured in CTS' Elkhart, Indiana facility with deliveries beginning late 2013. CTS began producing air grill shutters in the second quarter 2012 as a result of a $30 million production award secured in late 2011.
“This second grill shutter actuator program win, combined with our recent synergistic acquisition of D&R with $50 million in annual sales, reflects continued success in our sensor and actuator growth strategy.”
Active air grill shutter systems significantly improve fuel economy and reduce emissions by regulating air flow through the engine compartment based on engine temperatures and vehicle speed. The actuator is the heart of the system, providing the power to open and close the shutters as required. The market for these systems is expected to expand rapidly over the next few years.
Commenting on the new award, Vinod M. Khilnani, CTS Executive Chairman said, "This second grill shutter actuator program win, combined with our recent synergistic acquisition of D&R with $50 million in annual sales, reflects continued success in our sensor and actuator growth strategy."
