CTS Corporation To Supply Pierburg with Advanced Exhaust Gas Recirculation 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), a global leader in automotive position sensors, actuators and subsystems, today announced the award of a multi-year program to supply Pierburg with 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 ) sensors. Pierburg, headquartered in Germany, is one of the world's leading providers of EGR valve systems. Pierburg will integrate the CTS sensors into their next generation electronic EGR valve systems for use on passenger vehicles in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . CTS will begin production of the new sensors later this year and expects to be delivering over 2 million units a year of these sensors by 2007. The multi-platform program is expected to provide about $50 million in revenues over the expected five-year life of the program. The market for exhaust gas recirculation sensors is driven by government regulations restricting the level of exhaust emissions that vehicles can produce. This market continues to expand as emission standards are tightened and adopted more broadly around the world. CTS is the largest supplier of EGR sensors in the world. By working closely with our customers we have been able to develop and adapt advanced sensor technologies to meet the stringent needs of customers such as Pierburg. About CTS Automotive Products CTS Automotive Products designs and manufactures sensors, actuators and subsystems used in powertrain, safety, suspension, fuel and emissions control Emissions control may refer to:
For more information on non-contacting EGR sensors and related products, please contact Dave Russell at (011) 44 1698 503841 or e-mail at dave.russell@is.ctscorp.com. 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 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. 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 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. 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. |
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