CTS Consolidating New England Area EMS Operations.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 leading 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). , announced today that its Electronics Manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. Solutions, (EMS) strategic business unit will consolidate its Marlborough, Massachusetts operation into the Londonderry, New Hampshire Londonderry, New Hampshire is a town located in the western part of Rockingham County, New Hampshire, USA. The town is bordered on the north by Manchester, New Hampshire and on the east by Derry, New Hampshire. The population was 23,236 at the 2000 census. operation. The Marlborough, Massachusetts operation was acquired January 31, 2005 as part of the purchase of SMTEK International. Combining the operations of the two leased facilities, which are only 60 miles apart, is expected to improve asset utilization and operational productivity while enhancing customer service. E[acute accent]According to Don Schroeder, President of the EMS strategic business unit, "This combination will enable us to better utilize engineering, program management and supply chain management to provide more comprehensive and flexible New Product Introduction (NPI NPI National Provider Identifier, see there ), logistics and manufacturing services to our customers." E[acute accent]Consolidation costs, net of related savings, are expected to have no material impact on the results of operations in 2005. Annual savings are expected to be in the range of $0.02 to $0.03 per share in 2006. E[acute accent]CTS' EMS business operates in North America, Europe and Asia. CTS EMS offers core expertise in supporting the needs of customers with products and services that include highly-complex, high-reliability surface mount assemblies and fully integrated boxbuild systems. E[acute accent]About CTS E[acute accent]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 and communications 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. E[acute accent]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 E[acute accent]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. E[acute accent]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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion