CTS Automotive Receives``Excellent Launch Award'' From Toyota.ELKHART, Ind. -- CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . Corporation (NYSE NYSE See: New York Stock Exchange :CTS) a global leader in the design and manufacture of automotive sensors, actuators and subsystems, was honored last week by Toyota Motor Manufacturing North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (TMMNA TMMNA Toyota Motor Manufacturing North America ) with an "Excellent Launch Award" for design, quality, and launch coordination of its Electronic Throttle Control Electronic throttle control (ETC) is an automobile technology which severs the mechanical link between the accelerator pedal and the throttle. Most automobiles already use a throttle position sensor (TPS) to provide input to traction control, antilock brakes, fuel injection, and (ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). ) Pedal Assemblies for the Toyota Avalon The Toyota Avalon is a full-size car produced by Toyota in the United States. It was also produced in Australia, but production stopped in July 2005, as the Toyota Avalon was replaced by the Toyota Aurion. It is produced as a front-wheel drive four-door sedan. . The award was handed out at the 2005 Fall Supplier Event in Lake Tahoe, Nevada. "Our focus on customer satisfaction and continuous improvement led to this recognition by Toyota," said Jeff McCurley, CTS Automotive Products vice president and general manager. "We are proud of the excellent work by our employees to support the Avalon launch and that this work has been acknowledged by such a valued customer. Toyota is known for setting high expectations for their suppliers. It is an honor to be among those who have exceeded those standards," continued McCurley. Toyota recognized CTS' achievement in the following areas:
-- Innovation and leadership in design to ensure a high level of
performance and quality.
-- Coordination of launches in North America and Europe.
-- Strong project management activities (including supply chain
focus).
-- Strong shop floor activities.
-- Excellent team member involvement in every phase of production
preparation.
Osamu Nagata, vice president of purchasing for TMMNA commented, "The Excellent Launch Award represents a high level of supplier performance that TMMNA recognizes in the area of supplier production preparation." Nagata continued, "We appreciate CTS' strong and dedicated performance as a supplier who made a significant contribution to the successful launch of the Toyota Avalon." About CTS Automotive Products CTS Automotive Products designs and manufactures sensors, actuators, and subsystems used in powertrain, safety, suspension, fuel and emissions control systems for automotive manufacturers worldwide. The Company manufactures automotive and related products in Elkhart and Berne, Indiana; Streetsville, Ontario, Canada; Glasgow, Scotland; Matamoros, Mexico; Kaohsiung, Taiwan; and Dongguan, China. For more information on ETC pedal modules and related products, please contact Ken Kochanowski at 574-389-2749. About CTS CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) to OEMs in the automotive, computer, communications, medical and industrial markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CTS." To find out more, visit the CTS Web site at www.ctscorp.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements include, but are not limited to, statements regarding the business and strategic benefits of the SMTEK acquisition, any financial or other guidance, and all statements that are not based on historical fact, but rather reflect our current expectations concerning future results and events. We make certain assumptions when making forward-looking statements, any of which could prove inaccurate, including, but not limited to, statements about our future operating results and business plans. The ultimate correctness of these forward-looking statements is dependent upon a number of known and unknown risks and events, and is subject to various uncertainties and other factors that may cause our actual results, performance, or achievements to be different from any future results, performance, or achievements expressed or implied by these statements. For more detailed information on the risks and uncertainties associated with CTS' business activities, see our reports filed with the SEC. CTS undertakes no obligation to publicly update its forward-looking statements, whether as a result of market or industry changes, new information or future events. |
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