Date: 21/10/2009

CTS wins $22 million production program from Japanese automotive manufacturer

CTS automotive products win a $22 million production program for its Electronic Throttle Control (ETC) Accelerator Pedal modules from a Japanese automotive manufacturer. This award is for the Asian volumes of a global small-car platform.
CTS says, the pedal modules will be manufactured in Zhongshan, China with the first deliveries starting in 2011. Revenues from this award are expected to reach approximately $22 million over the five-year life of the program. This growth opportunity in Asia reflects an excellent customer relationship built on CTS' engineering excellence and the quality of its products, strengthened by a prestigious supplier award for design and development innovation that CTS had received from this customer.

"This award is CTS' single largest pedal module program win for the rapidly growing Asian markets from a Japanese OEM," stated Vinod M. Khilnani, CTS Chairman and Chief Executive Officer.