CTS Awarded Production Program for Turbocharger Sensors.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) today announced that CTS Automotive Products was awarded a production program by a leading global turbocharger tur·bo·charg·er n. See turbosupercharger. tur bo·charged adj. manufacturer for a Turbocharger Position Sensor A position sensor is any device that enables position measurement. It can either be an absolute position sensor or a relative one(displacement sensor). Position sensors can be either linear or angular. . The
sensor will be used to measure vane Vane , John Robert 1927-2004.British pharmacologist. He shared a 1982 Nobel Prize for research on prostaglandins. vane the membranous or main part of the contour feather in birds as distinct from the shaft. position in variable geometry turbochargers used on passenger vehicles in Europe. Production will begin in the second half of 2008, with annual volumes ramping steadily to well over one million units per year. Total revenues are expected to be approximately $30 million over the five-year life of the program. The use of turbochargers on passenger vehicles is rapidly increasing to meet ever stricter emission regulations. Almost all of today's diesel engines use a turbocharger, and they are now being used on many gasoline engines. The newer turbochargers incorporate vanes to vary the shape of the intake nozzles, making the turbochargers more responsive at low speeds. Some also incorporate waste gate valves to control the amount of exhaust fed into the turbocharger. Position sensors are used for closed-loop control of these vanes and gates. "The CTS Turbocharger sensor is an extension of our Exhaust Gas Recirculation “EGR” redirects here. For other uses, see EGR (disambiguation). Exhaust gas recirculation (EGR) is a NOx (nitrogen oxide and nitrogen dioxide) reduction technique used in most gasoline and diesel engines. (EGR EGR Engineering EGR Exhaust Gas Recirculation EGR Engineer EGR Early Growth Response EGR Extra Grace Required EGR Enhanced Gas Recovery EGR Embedded GPS Receiver EGR Emergency Generator Room ) Sensor product line," commented Tyler Buchanan, Senior Vice President, CTS Corporation. "As the world's leading producer of EGR sensors, we offer customers years of proven experience with position sensors for high temperature applications such as these turbocharger applications. With our global engineering and production footprint we can support this growth technology in all regions of the world." For more information on CTS' Turbocharger Sensors, please contact Seamus McKenna at 011-44-1698-505078. 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 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, 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 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 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, 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. For more detailed information on the risks and uncertainties associated with CTS' business, see the reports CTS files with the SEC. 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. |
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