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CTS Awarded Production Program for Accelerator Pedal Modules With a Major Japanese Automotive Manufacturer
Tuesday, June 09, 2009 9:58 AM


(Source: Business Wire)trackingCTS Corporation (NYSE: CTS) today announced that CTS Automotive Products has been awarded a production program for its Electronic Throttle Control (ETC) Accelerator Pedal Modules from a major Japanese vehicle manufacturer. This accelerator pedal module will be used on a popular small-car platform sold in North America.

First deliveries of these pedals will start in late 2010. Revenues from this award are expected to reach approximately $34 million over the five-year life of the program. This growth opportunity in North America reflects an excellent long-term customer relationship built on CTS' engineering excellence and the quality of its products.

"In the current challenging economic environment, CTS is pleased to win new business and increase its market share with one of the prestigious Japanese automotive OEMs. This award reflects CTS' ability to penetrate key global customers beyond the initial platform win. Counting this win, sales to this customer will nearly double to approximately $27 million annually by 2011," stated Vinod M. Khilnani, CTS Chairman and Chief Executive Officer.

For more information on ETC Accelerator Pedal Modules, please contact Ken Kochanowski at (574) 389-2749.

About CTS Automotive Products

CTS Automotive Products is a global leader in the design, test and manufacture of automotive sensors, accelerator pedal modules, actuators and subsystems. Recognized for its customer responsiveness and expertise in high-volume automotive packaging, CTS Automotive Products is focused on delivering value-added products and services to its expanding worldwide customer base. The Company manufactures automotive and related products in Elkhart, Indiana; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros, Mexico; Kaohsiung, Taiwan; and Zhongshan, China.

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, defense and aerospace 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 statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.



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