CTS Awarded Production Program for Turbocharger SensorJanuary 19, 2009
The company's noncontacting linear position sensors will be incorporated into smaller vehicles for light vehicle applications in Europe.
ELKHART, IN--(BUSINESS WIRE)--CTS Corp. (NYSE: CTS) announced that CTS Automotive Products has been awarded a production program for its new non-contacting two-piece linear position sensors by one of the world's leading manufacturers of turbochargers. These turbochargers will be used on smaller engines for light vehicle applications in Europe.
The sensors will be built in one of CTS' state-of-the-art facilities in Europe, with the first deliveries starting in late 2009. Total sales from these awards are expected to reach approximately $11 million over the five-year life of the program.
This program win represents a new automotive market segment for CTS automotive sensors and was made possible because of CTS' ability to meet aggressive new product introduction timing with an innovative new product design. The new sensors are designed to integrate into pneumatic vacuum actuators, resulting in improved performance at a lower cost.
Despite a difficult global automotive environment, CTS continues to develop new applications for its sensor products and technology.
For more information on CTS sensors, please contact Will Mitchell at (574) 389-2852.
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.
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."
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