The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

CTS Named by Bloomberg to the "Top 100 Hot Stocks" for 1999

27 January 2000

CTS Corporation Named by Bloomberg to the "Top 100 Hot Stocks" for 1999

    ELKHART, Ind.--Jan. 26, 2000--CTS Corporation has been included in Bloomberg's Personal Finance Magazine's Millennium Edition as one of the top 100 hot stocks for 1999.
    Bloomberg's annual list of 100 hot stocks with the largest one-year total return includes CTS as the company with the 75th largest return for 1999.
    In commenting on CTS being included in this prestigious list, Joseph P. Walker, Chairman of the Board, President and CEO of CTS stated, "We have defined CTS' strategic direction with three major initiatives: Focusing on a business model, which leads to Total Customer Satisfaction; improvement of CTS' stock valuation; and the implementation of a growth strategy. CTS management is very excited about the recognition that Bloomberg has given CTS. It is evident that the successful results of our operations are being recognized by both the financial community and the media."
    CTS' growth strategy is to develop electronic components for high growth market segments within targeted markets. Today, the focus is on wireless and infrastructure communications, automotive sensors and high-end memory storage systems and interconnect products for the computer equipment market.
    CTS' growth is driven by customer-focused, market-driven new product development, enabled by existing and new technology, complemented by strategic alliances, joint ventures or acquisitions.
    "We are very pleased with our continuing performance improvements," said Mr. Walker. "In addition to the impact of the CTS Wireless acquisition, the 1999 fourth quarter results show significant increases over the 1998 fourth quarter in other parts of our business, as a result of the development of a modules product line and the growth in our interconnect, automotive and resistor products. CTS' fourth quarter results also compare favorably to the record results we posted in the third quarter of 1999, primarily due to the CTS Wireless acquisition, the growth of our RF (radio frequency) integrated modules business and the continuing strong performance in our interconnect and automotive products," Walker added.

    CTS Corporation designs, manufactures and sells a broad line of electronic components and custom electronic assemblies for OEM customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States, Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information, visit our website at www.ctscorp.com.