CTS Awarded Multiple Accelerator Pedal Model Production Programs with Asian Customers

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Wed Apr 29, 2009 12:26pm EDT

Leveraging Capabilities in New Markets
ELKHART, Ind.--(Business Wire)--
CTS Corporation (NYSE: CTS) today announced that it was awarded four production
programs for its Electronic Throttle Control (ETC) Accelerator Pedal Modules. 

The awarded programs are:

* A small, electric, zero-emission and futuristic design vehicle produced by a
Japanese automotive manufacturer. 
* A sporty, hybrid coupe produced by a Japanese automotive manufacturer. 
* A small, economical and fuel-efficient car produced by a Japanese automotive
manufacturer to be sold globally. 
* A small, fuel-efficient commercial utility truck for Chinese markets produced
by a Japanese/Chinese joint venture.

The pedals will be built in CTS` new facility in Zhongshan, China with the first
deliveries starting in the second half of 2009. Total sales from these awards
are expected to reach approximately $12 million over the five-to-seven year
lives of these programs. While the initial revenues are not large, these wins
move CTS into its targeted markets in terms of high-tech, "green" applications
like hybrid, electric and commercial vehicles. 

These pedal program wins demonstrate the versatility of CTS` pedal products and
the benefits of a global presence. Growth in Asian markets continues to provide
market and geographic diversification opportunities for CTS` sensor and actuator
products. 

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, 574-523-3800
Senior Vice President and Chief Financial Officer
or
Mitchell J. Walorski, 574-523-3800
Director Planning and Investor Relations
FAX 574-293-6146 

Copyright Business Wire 2009

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