CTS Automotive Receives``Excellent Launch Award'' From Toyota
ELKHART, Ind.--Sept. 20, 2005--CTS Corporation a global leader in the design and manufacture of automotive sensors, actuators and subsystems, was honored last week by Toyota Motor Manufacturing North America (TMMNA) with an "Excellent Launch Award" for design, quality, and launch coordination of its Electronic Throttle Control (ETC) Pedal Assemblies for the Toyota Avalon. The award was handed out at the 2005 Fall Supplier Event in Lake Tahoe, Nevada."Our focus on customer satisfaction and continuous improvement led to this recognition by Toyota," said Jeff McCurley, CTS Automotive Products vice president and general manager. "We are proud of the excellent work by our employees to support the Avalon launch and that this work has been acknowledged by such a valued customer. Toyota is known for setting high expectations for their suppliers. It is an honor to be among those who have exceeded those standards," continued McCurley.
Toyota recognized CTS' achievement in the following areas:
-- Innovation and leadership in design to ensure a high level of performance and quality. -- Coordination of launches in North America and Europe. -- Strong project management activities (including supply chain focus). -- Strong shop floor activities. -- Excellent team member involvement in every phase of production preparation.
Osamu Nagata, vice president of purchasing for TMMNA commented, "The Excellent Launch Award represents a high level of supplier performance that TMMNA recognizes in the area of supplier production preparation." Nagata continued, "We appreciate CTS' strong and dedicated performance as a supplier who made a significant contribution to the successful launch of the Toyota Avalon."
About CTS Automotive Products
CTS Automotive Products designs and manufactures sensors, actuators, and subsystems used in powertrain, safety, suspension, fuel and emissions control systems for automotive manufacturers worldwide. The Company manufactures automotive and related products in Elkhart and Berne, Indiana; Streetsville, Ontario, Canada; Glasgow, Scotland; Matamoros, Mexico; Kaohsiung, Taiwan; and Dongguan, China.
For more information on ETC pedal modules and related products, please contact Ken Kochanowski at 574-389-2749.
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, communications, medical and industrial 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.
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This press release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the business and strategic benefits of the SMTEK acquisition, any financial or other guidance, and all statements that are not based on historical fact, but rather reflect our current expectations concerning future results and events. We make certain assumptions when making forward-looking statements, any of which could prove inaccurate, including, but not limited to, statements about our future operating results and business plans. The ultimate correctness of these forward-looking statements is dependent upon a number of known and unknown risks and events, and is subject to various uncertainties and other factors that may cause our actual results, performance, or achievements to be different from any future results, performance, or achievements expressed or implied by these statements.
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