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CTS
CORPORATION Elkhart, Indiana 46514 (574)
523-3800
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July 3, 2008
FOR RELEASE: Immediately
CTS Corporation Establishes New EMS Facility in San Jose
Serving Customers with High Level Capabilities
Elkhart, IN…CTS Corporation (NYSE: CTS) today announced that its Electronics Manufacturing Solutions (EMS) business will open a new operation in San Jose, California in August 2008. The new facility expands CTS’ ability to support complex applications in high-end markets such as medical and defense and aerospace.
The new San Jose operation will increase manufacturing space in Northern California to approximately 80,000 sq. ft. by consolidating two CTS sites in Santa Clara and San Jose. Both facilities offer specialist manufacturing services, including complex PCB and high level assembly, cable and harness assembly, military repair and extensive test services. Combining the sites into a single operation will provide customers with greater scope for manufacturing support and improved access to services in the future.
“Our existing facilities in Santa Clara and San Jose have proven to be very successful centers for ultra-complex, lower volume production. Establishing a single, larger operation in the Bay Area underlines our commitment to manufacturing in the region and demonstrates our ongoing investment in the excellent skill base available in Northern California. We look forward to expanding our range of services and increasing production volumes over the next few years,” stated Don Schroeder, President of CTS EMS.
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.”
About CTS EMS
CTS EMS is a provider of electronics manufacturing products and services to a range of markets including communications, medical, defense and aerospace and industrial equipment. With headquarters in Moorpark, California, CTS EMS operates eight manufacturing facilities worldwide in Europe, North America and Asia.
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. 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, potential changes in the economy generally
and in respect to the businesses in which CTS operates; rapid technological
change in the automotive, communications and computer industries; reliance
on key customers; CTS’ ability to protect its intellectual property; pricing
pressures and demand for CTS’ products; and risks associated with CTS’
international operations, including trade and tariff barriers, exchange
rates and political and geopolitical risks. 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.
| Contact: |
Donna L. Belusar, Senior Vice President and Chief
Financial Officer |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 523-3800, Fax: (574) 293-6146 | |
| www.ctscorp.com |