Science & Technology
Science and Technology
Science and Technology 
Tue, October 11, 2011
CTS Awarded Production Programs for Piezoceramic Products With a Major Military Contractor
ELKHART, Ind.--([ BUSINESS WIRE ])--CTS Corporation (NYSE: CTS) today announced that CTS Electronic Components has been awarded two new production programs from a major U.S. sonar manufacturer. Both awards represent new programs and will result in an increase in CTSa™ global piezo market share. The first deliveries will begin in early 2012. Revenues from these two awards are expected to reach approximately $5 million over the program life.
CTS Electronic Componentsa™ piezoceramic value-added products benefit from specialized technology and enhanced processing capabilities for a broad range of applications including hard disk drive actuation, medical ultrasound, flight stability, sonar arrays, industrial printing and hydrophones for energy exploration.
For more information on this new piezoelectric capability, please contact Scott Hulick at 505-348-4213 or visit the CTS Piezoelectric Materials website at [ www.ctscorp.com/components/PZT/ ].
About CTS Electronic Components
CTS Electronic Components is a leading provider of engineered electronic components used in communications, medical, defense and aerospace, industrial and computer 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; Kaohsiung, Taiwan; and Brgg, Switzerland.
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, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS.a 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. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are based on various assumptions as to future events, the occurrence of which necessarily are subject to uncertainties. These forward-looking statements are made subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from those presented in the forward-looking statements, including, without limitation: changes in the economy generally and in respect to the businesses in which CTS operates; rapid technological change; general market conditions in the automotive, communications, and computer industries, as well as conditions in the industrial, defense and aerospace, and medical markets; reliance on key customers; unanticipated natural or other events such as the Japan earthquake; the ability to protect our intellectual property; pricing pressures and demand for our products; and risks associated with our international operations, including trade and tariff barriers, exchange rates and political and geographical risks. For more detailed information on the risks and uncertainties associated with CTSa™ business, see the reports CTS files with the SEC available at [ http://www.ctscorp.com/investor_relations/investor.htm ]. CTS undertakes no obligation to publicly update its forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.