CTS Corporation (NYSE: CTS) today announced that CTS Automotive Products has been awarded three new production programs to supply sensors for a North American active manifold application and for two turbocharger applications. Total expected revenues from these sensor awards are approximately $15 million. These business wins are a direct result of CTS’ successful initiative to develop and launch a series of new products in its sensor product line.
CTS will supply active manifold sensors to a major Tier 1 supplier for light-truck and sports car applications in North America. These sensors help control air intake on engines, resulting in improved performance and lower emissions. First deliveries are expected in mid-2014, with anticipated revenues of approximately $8 million over the five-year program life.
CTS will also supply turbocharger sensors to a global turbocharger manufacturer for two new passenger car and light commercial vehicle applications in Europe. These sensors help the turbocharger systems boost engine power and improve fuel economy. Expected revenues from these programs are approximately $7 million over their five-year life, with first deliveries in 2014.
For more information on CTS’ sensor products, please contact Doug Grover at 574-389-2853.
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 sensor and actuator 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, 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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