CTS Secures Contract with Japanese Automotive ManufacturerOctober 8, 2008
The follow-on production programs for a new electronic throttle-control accelerator pedal module are expected to generate more than $24 million over a five-year period.
ELKHART, IN /BUSINESS WIRE/ -- CTS Corp. announced that CTS Automotive Products was awarded follow-on production programs for a new electronic throttle-control (ETC) accelerator pedal module. The awards come from an existing Japanese OEM, thereby solidifying our future business relationship with one of the largest global automotive manufacturers.
The pedals will be built at facilities in North America and Europe, beginning late 2010 and mid-2011. Total revenue from these awards is expected to exceed $24 million over the five-year life of the program. Additional awards for the next-generation accelerator pedal module are expected.
The accelerator pedal module targeted for this initial release is the first of its kind to adopt an improved design standard. CTS was selected over several other competitors based on its ability to provide a new pedal design that met objectives for performance, weight, and price.
To find out more about CTS' quality ETC pedal modules, please contact Ken Kochanowski at 574-389-2749.
CTS Corp. is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services 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."
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, IN; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros, Mexico; Kaohsiung, Taiwan; and Zhongshan, China.
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