CTS Corporation Adds New Piezo Product Capabilities From Acquisition of Alpha Ceramics, Inc.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 it has completed the acquisition of the technology, manufacturing process and certain other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of Alpha Ceramics Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Alpha Ceramics provides piezoceramic materials for sensor and transducer manufacturers in military and aerospace markets, complementing CTS' existing portfolio of piezoceramic offerings. Financial details were not disclosed. The acquisition unites Alpha's unique hard piezoceramic materials, hot pressing and near net shape processing technologies, with CTS' high volume, high density, and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. soft piezo "Piezo", derived from the Greek piezein, which means to squeeze or press, is a prefix used in:
The acquisition brings together a set of material and process technologies that are unique in the world, enabling CTS to serve customers with a broad range of possibilities for value-added products. For more information on piezoceramic products, please contact Scott Hulick at (505)348-4213. About CTS Electronic Components CTS Electronic Components is a leading provider of engineered electronic components used in communications, computing, industrial and consumer applications for OEMs and Contract Manufacturers worldwide. The Company has manufacturing locations in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. ; Burbank, California; Singapore; Zhongshan and Tianjin, China; and Kaohsiung, Taiwan. 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 "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 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, including, without limitation, rapid technological change and general market conditions in the automotive, communications and computer industries; reliance on key customers; CTS' ability to protect its intellectual property; pricing pressures and demand for CTS' products; risks associated with CTS' international operations, including trade and tariff barriers, exchange rates and political and geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. risks; and the impact of the accounting misstatements at its Moorpark and Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. locations, including the results or the impact of the SEC's informal inquiry into these misstatements. 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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