CTS Announces Establishment of EMS Operations in Mexico
ELKHART, Ind.--April 7, 2006--CTS Corporation , a leading global provider of electronics manufacturing services, announced today that its Electronics Manufacturing Solutions (EMS) business is establishing manufacturing operations in Matamoros, Mexico. Production is expected to start in mid-2006 and will focus on electro-mechanical and system integration. The Matamoros facility marks the fourth EMS manufacturing site in North America, in addition to Moorpark and Santa Clara, California and Londonderry, New Hampshire. CTS Corporation has manufactured components and sensors in Matamoros for nearly forty years. Utilizing Matamoros' facility allows EMS to expand its operations by further capitalizing on CTS' existing infrastructure.Don Schroeder, President of CTS EMS, stated, "It is important that CTS remains flexible and able to respond to the needs of both existing and potential customers in all regions. The Matamoros facility allows us to continue providing high levels of support to our customers in North America."
About CTS EMS
CTS EMS is a Tier Two provider of electronics manufacturing products and services to a range of markets, including communications, medical, defense and aerospace, and industrial equipment. With headquarters in Moorpark, California, CTS operates eight manufacturing facilities worldwide in Europe, North America and 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, 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.
Safe Harbor Statement
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, 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.
For more detailed information on the risks and uncertainties associated with CTS' business activities, see our reports filed with the SEC. CTS undertakes no obligation to publicly update its forward-looking statements, whether as a result of market or industry changes, new information or future events.