CTS Corporation Announces Multi-Year DIP Switch Private Label Agreement.

ELKHART, Ind.--(BUSINESS WIRE)--July 9, 1999--

CTS Corporation's Electrocomponents business has entered into a three-year DIP switch branding agreement with a major supplier to the global electronics marketplace. CTS will manufacture and private label all of the customer's auto-insertable and surface mount DIP switch requirements. The switches will be labeled with the customer's brand name and marketed through the customer's own global sales channels.

Philip L. Jackson, Vice President and General Manager of CTS Electrocomponents, commented, "We are very pleased to have signed an agreement with this key global company. Their confidence in our quality and product offerings is demonstrated by labeling of the CTS product, with their brand name. Together, we expect to achieve an appreciable increase in total DIP switch market share and an increase in CTS' DIP switch sales with an upside potential of $15 million during the three years."

CTS Electrocomponents produces a full line of DIP switch products including SPST, SPDT, DPST, DPDT, 4PST, Through-Hole, Surface Mount, Half Pitch, Top Actuated and Side Actuated styles for communications and computer applications worldwide. CTS Electrocomponents also provides variable resistors, trimmers, encoders, loudspeakers, heat sinks and Contract Electromechanical Manufacturing Services from facilities in Mexico and China.

CTS Electrocomponents with headquarters, sales and service in Elkhart, Indiana, operates manufacturing and distribution sites in Kaohsiung, Taiwan; Guangdong Province, China; Matamoros, Mexico; Brownsville, Texas, and Burbank, California.

For additional news on CTS Corporation, visit our website at www.ctscorp.com...Home Page...What's New.

CTS Corporation, listed on the New York Stock Exchange, (NYSE:CTS), is primarily a diversified manufacturer of electronic components and custom assemblies principally for the communications equipment, automotive and computer equipment markets. The Company, headquartered in Elkhart, Indiana, operates manufacturing plants in the United States and abroad.