CTS Corporation (NYSE: CTS) today announced that it is continuing its 2007 patent infringement litigation against TK Holdings, Inc. (Takata) in the U.S. District Court in Detroit, Michigan. CTS originally put Takata on notice of patent infringement in late 2005. From then to present, Takata has sold products, estimated to exceed $100 million, which CTS believes are covered by several of CTS' vehicle occupant seat weight sensor patents. An estimate of the typical royalties for intellectual property use/infringement, for these types of products, range from about 3% - 5%.
During 2010, the Court issued an order adopting CTS' interpretation of the claims of two of CTS' patents. Fact discovery and depositions were completed in March 2012. A patent claim interpretation hearing is scheduled in May 2012 and is expected to be followed by scheduling orders for expert discovery and potential trial, if no settlement between parties is reached.
CTS places a high value on its intellectual property and will continue to take all steps necessary to protect and defend its position in the litigation.
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." To find out more, visit the CTS Web site at
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