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CTS Awarded Second Actuator Production Program For Active Air Grill Shutter System

Stocks in this article: CTS

CTS Corporation (NYSE: CTS) today announced that CTS Automotive Products was awarded a second production program to supply brushless motor-driven actuators for active air grill shutter systems. The actuators will be used on a U.S. badged SUV supplied through a major tier one supplier, CTS’ second customer for this application. Total revenues over the six-year life of the program are expected to be approximately $7 million. The actuators will be manufactured in CTS’ Elkhart, Indiana facility with deliveries beginning late 2013. CTS began producing air grill shutters in the second quarter 2012 as a result of a $30 million production award secured in late 2011.

Active air grill shutter systems significantly improve fuel economy and reduce emissions by regulating air flow through the engine compartment based on engine temperatures and vehicle speed. The actuator is the heart of the system, providing the power to open and close the shutters as required. The market for these systems is expected to expand rapidly over the next few years.

Commenting on the new award, Vinod M. Khilnani, CTS Executive Chairman said, “This second grill shutter actuator program win, combined with our recent synergistic acquisition of D&R with $50 million in annual sales, reflects continued success in our sensor and actuator growth strategy.”

For more information on CTS’ actuator 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; Carol Stream, Illinois; Toronto, Canada; Glasgow, Scotland; Ostrava, Czech Republic; Matamoros, Mexico; Juarez, Mexico; Kaohsiung, Taiwan; and Zhongshan, China.

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