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CTS and Kyocera Corporation Announce Joint Strategic Relationship

3 April 2000

CTS Corporation and Kyocera Corporation Announce Joint Strategic Relationship

    ELKHART, Ind.--April 3, 2000--CTS Corporation today announced the formation of a joint strategic relationship with Kyocera Corporation. Under the terms of a Technology Exchange and License Agreement, CTS and Kyocera will exchange the license of patents and intellectual property with regard to the design and manufacture of frequency control products, predominantly for wireless communications applications. Specific details of the agreement were not made available.
    The management of both CTS and Kyocera are extremely optimistic about the success the new cooperative relationship will bring to both companies regarding the manufacture of advanced frequency control products for sale into the fast-growing wireless communications equipment market. Joseph P. Walker, CTS Chairman, President and Chief Executive Officer, stated: "The technology brought together with the CTS and Kyocera cooperative relationship creates powerful advantages in high volume, next generation, wireless communication frequency control products. The quartz controlled oscillators that will result from this relationship will be utilized in GSM, CDMA, TDMA and W-CDMA cellular handsets, as well as in other communication and computer equipment."
    In February 1999, CTS acquired the Component Products Division (CPD) of Motorola, Inc. and renamed the business CTS Wireless Components. The Wireless Components strategic business unit of CTS provides a wide variety of electronic components including quartz crystals, quartz crystal oscillators, ceramic filters and duplexers and surface acoustic wave filters for the cellular handset industry. The CTS products to be cooperated on under this agreement will be manufactured in facilities managed by CTS Executive Vice President, Philip G. Semprevio, who has operating responsibility for CTS Wireless Components.
    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.