Cts launches its first smart actuator production program for a low
volume heavy-duty commercial application
Elkhart, ind.--(business wire)--cts corporation (nyse: cts) today announced that cts automotive products has launched its first smart actuator production program for use on heavy-duty industrial engines that are produced by a major heavy equipment manufacturer. this low volume, highly-engineered smart actuator was launched after extensive testing for use on a series of heavy-duty industrial engines for pumps and power generation. this program was awarded two years ago and becomes the first brushless dc smart actuator for the commercial market to go to production. cts’ diversification into new markets and customers will be further enhanced when production of the high-volume smart actuator programs for light and medium-duty trucks are launched in late 2012. for more information on cts actuator products, please contact scott childers at (574) 389-2806. 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, 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 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 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; 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; 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; 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; cts’ ability to protect its intellectual property; and potential costs and liabilities related to customer recalls. for more detailed information on the risks and uncertainties associated with cts’ business, see the reports cts files with the securities and exchange commission 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.
