CTS Awarded Production Program for Accelerator Pedal Modules with a Major Japanese Automotive Manufacturer

• Press Release
• Source: CTS Corporation
• On 12:24 pm EDT, Tuesday October 20, 2009

ELKHART, Ind.--(BUSINESS WIRE)--CTS Corporation (NYSE: CTS - News) today announced that CTS Automotive Products has been awarded a $22 million production program for its Electronic Throttle Control (ETC) Accelerator Pedal Modules from a major Japanese vehicle manufacturer. This award is for the Asian volumes of a popular global small-car platform. CTS recently won the North American business for this same platform of this popular model and is working towards penetrating additional wins for this platform in Europe.

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The pedal modules will be manufactured in Zhongshan, China with the first deliveries starting in 2011. Revenues from this award are expected to reach approximately $22 million over the five-year life of the program. This growth opportunity in Asia reflects an excellent customer relationship built on CTS’ engineering excellence and the quality of its products, strengthened by a prestigious supplier award for design and development innovation that CTS had received from this customer.

“This award is CTS’ single largest pedal module program win for the rapidly growing Asian markets from a Japanese OEM,” stated Vinod M. Khilnani, CTS Chairman and Chief Executive Officer.

For more information on ETC Accelerator Pedal Modules, please contact Ken Kochanowski at (574) 389-2749.

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.

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. 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 certain 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, including those resulting from the current global financial and credit crisis; pricing pressures and reduction in demand for CTS’ products, especially if economic conditions do not recover or continue to worsen in CTS’ served markets, including but not limited to: the automotive, computer equipment or communications markets; disruption, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged by CTS and the availability and cost of credit in the future; the financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability or ongoing viability; the Company’s successful execution of restructurings and profit improvement plans; risks associated with CTS’ international operations, including trade and tariff barriers; currency fluctuations and their effects on our results of operations and financial position; changes in performance of equity and debt markets that could affect the valuation of the assets in CTS’ pension plans and the accounting for pension assets, liabilities and expenses; political and geopolitical risks; rapid technological change in the automotive, communications and computer industries; reliance on key customers; and CTS’ ability to protect its intellectual property. For more detailed information on the risks and uncertainties associated with CTS’ 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.

CTS Corporation
Donna L. Belusar, Senior Vice President and Chief Financial Officer
or Mitchell J. Walorski, Director Planning and Investor Relations
Telephone: 574-523-3800
FAX: 574-293-6146