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CTS Corporation today announced that CTS Automotive Products has been awarded two new production programs for its Electronic Throttle Control (ETC) Accelerator Pedal Modules from Japanese and Chinese vehicle manufacturers. Both awards represent new programs for vehicles sold into the growing China market, and will result in an increase in CTS’ global market share.
The pedal modules will be used on both a compact car and a multi-purpose vehicle (MPV). Deliveries will begin in late 2012 and will be manufactured in CTS’ Zhongshan, China facility. Total revenues from these awards are expected to reach approximately $10 million over the anticipated five-year lives of the programs. These programs further strengthen CTS’ position with key existing customers and continue to enhance CTS’ share of the rapidly growing Asian markets.
For more information on ETC Accelerator Pedal Modules, 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 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 www.ctscorp.com.