Elkhart, Indiana -- CTS Corporation (NYSE: CTS) has entered into a marketing agreement with ZF Electronics TVS, a designer and manufacturer of electrical and electronic products located in Madurai, India. The marketing agreement will allow CTS to market its successful line of automotive and electrocomponent products to new customers in India's fast growing markets.
CTS will market its rotary and linear position sensors, ceramic fuel cards and other products in various market segments in India, with an initial focus on 4- and 2-wheeler automotive markets, which are experiencing strong growth.
"As electronic content in Indian automobiles grows and emission laws are being tightened through the implementation of Bharat Stage III and IV emissions norms, CTS' products are an excellent fit for these applications. We look forward to partnering with ZF Electronics TVS to help support OEMs with advanced solutions, as they meet India's growing transportation needs,' commented Vinod M. Khilnani, CTS Chairman and Chief Executive Officer.
CTS is a designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (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.
ZF Electronics TVS (India) Private Limited (Formerly TVS Cherry Private Limited) is a joint venture between TVS Group, India and ZF Electronics Corporation, Germany (a group company of ZF Friedrichshafen AG, Germany) to manufacture precision snap action switches, sensors and electromechanical assemblies in India for markets including consumer durables, automotive, computer products, industrial equipment and telecom equipment. The TVS Group is India's leading supplier of automotive components and one of the country's most respected business groups.
Contact: Donna L. Belusar, Senior Vice President and Chief Financial Officer, CTS Corporation, Telephone (574) 523-3800
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