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CTS
CORPORATION Elkhart, Indiana 46514 (574)
523-3800
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June 28, 2010
FOR RELEASE: Immediately
CTS Offers New OCXO Platform for Telecommunications Applications
Elkhart, IN…CTS Corporation (NYSE: CTS), a global leader in the design and
manufacture of electronic components, today announced availability of the new
model 119 high precision, surface mount, SC (Stress Compensated) oven-controlled
crystal oscillator (OCXO). This oscillator offers exceptional frequency
stability and low jitter performance and has been recommended by semiconductor
companies for use with timing IC’s for Timing over Packet applications such as
IEEE 1588 Synchronous Ethernet.
The
IEEE 1588 Synchronous Ethernet is the next generation of timing and
synchronization of the telecom network, both for wireless and for wireline
applications. It distributes accurate frequency and time of day throughout the
network, which is critical for proper operation of cellular base stations. It
supports wider bandwidth services through the use of Synchronous Ethernet timing
and provides the high stability and frequency accuracy requirements of Stratum
3E standards.
This new OCXO has been recommended by a leading semiconductor company to be used with their timing and synchronization integrated circuits. Each of their IC’s, when used for access and enterprise telecom equipment, requires the use of an external quartz oscillator.
CTS Electronic Components continues as a world leader in the design and manufacture of superior frequency products and cost effective solutions that offer a price advantage to customers, in both standard and customized configurations.
More
information on this new OCXO platform, as well as other OCXO models, can be
found on the CTS website,
http://www.ctscorp.com/components/ocxo.asp.
About CTS Electronic
Components
CTS Electronic Components is a leading provider of engineered electronic
components used in communications, medical, defense and aerospace, industrial
and computer applications for OEMs and Contract Manufacturers worldwide. The
Company has manufacturing locations in Albuquerque, New Mexico; Tucson, Arizona;
Nogales, Mexico; 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 (EMS) to OEMs in
the automotive, communications, medical, defense and aerospace, industrial and
computer markets. CTS manufactures products in North America, Europe and Asia.
CTS' stock is traded on the NYSE under the ticker symbol "CTS.”
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 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 and are based on various assumptions as to future
events, the occurrence of which necessarily are subject to uncertainties. 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: changes in the economy generally and in respect
to the businesses in which CTS operates, including those resulting from the
current global financial and credit crisis; pricing pressures and reduction in
demand for CTS’ products, especially if economic conditions do not recover or
continue to worsen in CTS’ served markets, including but not limited to: the
automotive, computer equipment or communications markets; disruption,
uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged by CTS and the availability and cost of
credit in the future; the financial condition of our customers, including the
ability of customers (especially those that may be highly leveraged and those
with inadequate liquidity) to maintain their credit availability or ongoing
viability; risks associated with CTS’ international operations, including trade
and tariff barriers; currency fluctuations and their effects on our results of
operations and financial position; changes in performance of equity and debt
markets that could affect the valuation of the assets in CTS’ pension plans and
the accounting for pension assets, liabilities and expenses; political and
geopolitical risks; rapid technological change in the automotive, communications
and computer industries; reliance on key customers; CTS’ ability to protect its
intellectual property; and potential costs and liabilities related to the recent
Toyota recall. For more detailed information on the risks and uncertainties
associated with CTS’ business, see the reports CTS files with the Securities and
Exchange Commission available at
http://www.ctscorp.com/investor_relations/investor.htm. 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.
| Contact: |
Mitchell J. Walorski, Director of Investor Relations |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 523-3800, Fax: (574) 293-6146 | |