CTS Awarded Multiple Accelerator Pedal Assembly Programs with a Major Japanese Automotive Manufacturer
ELKHART, Ind.--April 29, 2005--CTS Corporation , a global leader in the design and manufacture of automotive sensors, actuators and subsystems, announced today that a major Japanese vehicle manufacturer has selected CTS Automotive Products to supply Electronic Throttle Control (ETC) Pedal Assemblies to several automobile platforms produced in North America, Europe, and Africa. Beginning in 2006, these new production wins will generate over $30 million in revenues for CTS over the five-year estimated life of the program."CTS' ETC Pedal Assemblies integrate our best-in-class sensor technologies into the accelerator pedal providing superior performance and best value to OEMs globally. CTS' global success in this product line can be attributed to our experience with automotive products and our ability to meet all technical and production needs for our customers," according to Jeff McCurley, Vice President/General Manager for the Automotive Products Group at CTS.
This win exemplifies CTS' strategy to expand our automotive customer base with innovative new products in growing market segments to provide double digit sales growth over the next five years.
CTS Automotive Products designs and manufactures sensors, actuators and subsystems used in the powertrain, safety, and chassis groups of automotive manufacturers worldwide. The Company manufactures the products in Elkhart and Berne, Indiana; Streetsville, Ontario, Canada; Glasgow, Scotland; Matamoros, Mexico; Kaohsiung, Taiwan; and Dongguan, China.
For more information on non-contacting ETC pedal modules and related products, please contact Ken Kochanowski at (574) 389-2749 (North America), Dave Russell at 011 44 1698 503941 (Europe), or Barry Simes at (574) 395-3575 (Asia).
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 and communications markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the CTS Web site at www.ctscorp.com.