(Source: Business Wire)
CTS Corporation (NYSE: CTS) a leading supplier of electronics
manufacturing services, announced that its Electronics Manufacturing
Solutions (EMS) business has been selected as a global manufacturing
partner by Thales, one of the world's largest defense and aerospace
companies. The Company has won an initial design and manufacturing award
with total expected revenue of approximately $5 million over the three
to five year program life. Initial production begins late 2009. CTS will
manufacture multiple PCBAs for harsh environment systems at its
AS9100-certified Scotland facility.
CTS was selected by Thales UK to provide turnkey design services for
military electronics applications, providing on-site engineering support
as part of its commitment to meet objectives for the duration of the
program.
About CTS EMS
CTS EMS is a turnkey provider of manufacturing solutions to customers in
a range of electronics equipment markets. With global manufacturing
facilities in North America, Europe and Asia, a broad product offering
and a complete range of turnkey services, CTS is the ideal choice for an
OEM seeking customized product solutions from a focused and agile EMS
partner.
About Thales and Thales UK
Thales is a global technology leader for the Aerospace, Space, Defense,
Security and Transportation markets. In 2008 the company generated
revenues of £10.2 billion, with 68,000 employees in 50 countries. With
its 25,000 engineers and researchers, Thales has a unique capability to
design, develop and deploy equipment, systems and services that meet the
most complex security requirements. Thales has an exceptional
international footprint, with operations around the world working with
customers as local partners.
Thales UK employs 8,500 staff based at more than 40 locations. In 2008
Thales UK's revenues were over £1.4 bn.
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.
