CTS Corporation Wins $30 Million Award to Supply Electrical Actuators for Automotive Air/Fuel Management Control Valve Application

9 January 2001

CTS Corporation Wins $30 Million Award to Supply Electrical Actuators for Automotive Air/Fuel Management Control Valve Application

    Business Editors

    ELKHART, Ind.--Jan. 9, 2001--CTS Corporation , a world leader in automotive position sensor and actuator technology, today announced that CTS Automotive Products, headquartered in Elkhart, IN, has been chosen by a Tier I automotive supplier to provide electrical actuators for a global automotive manufacturer's air/fuel management control valve application. Initial deliveries of production-intent, prototype actuators were supplied in the fourth quarter of last year. Full production will begin in calendar year 2002. The multi-year program is valued at over $30 million in new business for CTS Corporation. Due to confidentiality agreements, customer names and additional specific details for the award cannot be disclosed.
    Based upon current market data, the annual market for actuators of this type is estimated at $100 million, and is expected to grow 15% annually. The award of this new actuator further demonstrates the technological capability of CTS Automotive Products' advanced electrical group to provide the desired solutions for major automotive platforms, at a competitive price.
    CTS actuators are based on proprietary torque motor technology that delivers fast response time, high torque-to-current ratio, precise direct drive control, the use of less expensive uni-directional drive circuits, and packaging to fit tight spaces such as engine compartments. CTS electrical actuators meet all typical under-hood automotive specifications and are compatible with multiple engine control units.
    Both prototype and production actuator assemblies were developed and will be built at CTS' Automotive Products facility in Streetsville (Toronto), Ontario, Canada.

    CTS Corporation is a leading manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company employs over 9,200 people at 19 facilities in North America, Europe and Asia. The Company's stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the Company's website at www.ctscorp.com.

    Released by: R. L. Ramsby