CTS Selected by Thales as a Global EMS Partner

Awarded Military Electronics Manufacturing and Design Programs
CTS Corporation ~ September 24, 2009, ELKHART, Ind.--(BUSINESS WIRE)--CTS Corporation (NYSE: CTS - News) a leading supplier of electronics manufacturing services, announced that its Electronics Manufacturing Solutions (EMS) business has been selected as a global manufacturing partner by Thales, one of the world’s largest defense and aerospace companies. The Company has won an initial design and manufacturing award with total expected revenue of approximately $5 million over the three to five year program life. Initial production begins late 2009. CTS will manufacture multiple PCBAs for harsh environment systems at its AS9100-certified Scotland facility.
CTS was selected by Thales UK to provide turnkey design services for military electronics applications, providing on-site engineering support as part of its commitment to meet objectives for the duration of the program.
About CTS EMS
CTS EMS is a turnkey provider of manufacturing solutions to customers in a range of electronics equipment markets. With global manufacturing facilities in North America, Europe and Asia, a broad product offering and a complete range of turnkey services, CTS is the ideal choice for an OEM seeking customized product solutions from a focused and agile EMS partner.
About Thales and Thales UK
Thales is a global technology leader for the Aerospace, Space, Defense, Security and Transportation markets. In 2008 the company generated revenues of £10.2 billion, with 68,000 employees in 50 countries. With its 25,000 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners.
Thales UK employs 8,500 staff based at more than 40 locations. In 2008 Thales UK’s revenues were over £1.4 bn.
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.
Contact:
CTS Corporation,
Elkhart
Donna L. Belusar,
Senior Vice President and Chief Financial Officer,
or
Mitchell J. Walorski,
Director Planning and Investor Relations
Telephone 574-523-3800
FAX 574-293-6146