CTS Corporation Utilizes New Cooperative Partnership Alliance to Deliver System Integration Solution to Leading Disk Storage Manufacturer
ELKHART, Ind.--Feb. 26, 2002--CTS Corporation today announced that CTS Interconnect Systems, a global leader in backplane systems and integration, will supply next generation disk array assemblies to one of the world's leading disk storage providers.CTS Interconnect Systems designs and manufactures complex press-fit and surface mount backplanes, daughtercard assemblies and integrated interconnect systems for computer and communications equipment manufacturers worldwide. Total estimated incremental CTS program revenue should approximate $75 million over the next three years.
In a prepared statement, Ian Archer, vice president and general manager of CTS Interconnect Systems, stated: "CTS has supplied disk array assemblies and systems to this worldwide organization for over five years, so I am delighted that it has the confidence in our capabilities to extend this relationship. CTS Interconnect Systems supplies products to this customer from both Scotland and the USA and additionally provides support in Asia, shipping directly to the customer as well as to the customer's fulfillment centers. Our objective is to achieve total customer satisfaction by providing optimum pricing, operational flexibility, global engineering and outstanding manufacturing capabilities. CTS' ability to achieve this objective is built on the strength of our Alliance supply base," Archer concluded.
CTS developed the cooperative partnership Alliance to join independent companies in cooperating beyond standard supply chain services to provide total vertical integration to OEM customers in high-growth markets. The Alliance companies, in addition to CTS Interconnect Systems, include Pentair, Inc. (enclosures), PPC Electronic AG (complex printed circuit boards), WUS Printed Circuits Co., Ltd. (multilayer printed circuit boards), Amphenol Interconnect Products Corporation (cable solutions) and Eagle Global Logistics (total supply and logistics solutions).
CTS Corporation is a leading designer and manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company manufactures products in North America, Europe and Asia. The Company's stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the Company's website at www.ctscorp.com.