CTS Corporation (NYSE: CTS), a global leader in the design and
manufacture of electronic components, today announced that CTS
Electronic Components has been awarded a production program from a major
industrial North American manufacturer for its piezoceramic products.
First deliveries of these photolithographic processed piezo wafers will
start in the third quarter 2009. Revenues from this award are expected
to reach approximately $8 million over the next three to four years.
This program win resulted from CTS’ excellent photolithographic
metallization capabilities and the superior quality of piezoceramic
materials. In addition to this program, prototypes for several other
potential customers are currently being produced.
The piezo products will be produced in a recently established, high-tech
photolithographic manufacturing operation within our existing
Albuquerque facility. The Class 10,000 cleanroom includes semiconductor
manufacturing processes that are utilized to manufacture complex
piezoceramic structures for emerging markets.
About CTS Electronic Components
CTS Electronic Components is a leading provider of engineered electronic
components used in communications, computing, medical, defense and
aerospace, industrial and consumer applications for OEMs and Contract
Manufacturers worldwide. The Company has manufacturing locations in
Albuquerque, New Mexico; Tucson, Arizona; Nogales, Mexico; Singapore;
Zhongshan and Tianjin, China; and Kaohsiung, Taiwan.
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. These forward-looking statements include,
but are not limited to, any financial or other guidance, statements that
reflect our current expectations concerning future results and events
and any other statements that are not based solely on historical fact.
