CTS Corporation's Interconnect Systems Business Awarded Multi-Million Dollar Base Station Equipment Contract.Business & Technology Editors ELKHART, Ind.--(BUSINESS WIRE)--Aug. 8, 2000 Following the establishment of a new 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 . Interconnect Systems manufacturing facility in Tianjin, China (see CTS Corporation press release dated March 16, 2000, www.ctscorp.com), CTS today announced it has been awarded a multi-million dollar contract by one of the world's largest base station infrastructure equipment manufacturers. CTS Interconnect Systems will supply backplane An interconnecting device that has sockets for printed circuit boards to plug into. Passive and Active Although resistors may be used, a "passive" backplane adds no processing in the circuit. and electronic assemblies for GSM base station infrastructure from its China facility beginning volume production during Q3 2000. The combination of strategic location, and competitive pricing led to CTS winning the contract, which is expected to exceed $20M over the next two years. Awarding of the contract reinforces the strategic focus that CTS has placed on the wireless infrastructure market, positioning a fulfillment site in the high-growth Asian market, developing supply models and building relationships with original equipment manufacturers (OEMs) worldwide. China has become the largest cellular market in the Asia/Pacific region, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dataquest Research Group, which, in a Q1 2000 report, cited GSM operators, such as China Unicon, with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. exceeding 80%. CTS' Interconnect Systems business, headquartered in Glasgow, Scotland, with manufacturing facilities located in the United Kingdom, USA, and China, is one of the world's largest suppliers of custom backplane and electronic system boxbuild assemblies. The CTS business is supported by worldwide distribution hubs. CTS Corporation (NYSE NYSE See: New York Stock Exchange :CTS) designs, manufactures and sells a broad line of electronic components and custom electronic assemblies for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information, visit our website at www.ctscorp.com. |
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