High Speed, Low Noise Integrated Circuits Complement Current Offerings
ELKHART, Ind. — (BUSINESS WIRE) — December 18, 2013 — CTS Electronic Components, Incorporated (NYSE: CTS), a global leader in designing and manufacturing a diverse array of electronic components for the automotive, communications, medical, industrial, defense and aerospace and computer markets, announces the addition of frequency related Semiconductors to their product offering. CTS’ new line of integrated circuits includes buffers and dividers, capacitive tuning, cable driver and PECL/ECL logic that are complementary to their current Frequency Control portfolio.
“Our customers use similar products today but require high performance versions to complement our frequency devices,” said Michael Ferrantino Jr., Vice President of CTS Electronic Components. “Today’s announcement gets us one step closer to providing our customers with a complete, high performance, timing solution,” added Ferrantino.
With an established global footprint, CTS has cultivated longstanding and trusting relationships with a diverse customer base ranging from the world’s major OEMs to small and emerging businesses by providing innovative high performance frequency control solutions. The addition of Semiconductor products will further enhance the ability to address more content and provide our customers with a broader portfolio of high performing devices and integrated solutions necessary for next generation system architectures.
CTS’ new line of high speed, low noise integrated circuits will be available in Q1 of 2014. To learn more about the new product line visit www.ctscorp.com/semiconductors.
About CTS
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of services 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
This document 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. Forward-looking statements are based on management's expectations, certain assumptions and currently available information. 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. Examples of factors that may affect future operating results and financial condition include, but are not limited to: changes in the economy generally and in respect to the businesses in which CTS operates; unanticipated issues in integrating acquisitions; the results of actions to reposition our businesses; rapid technological change; general market conditions in the automotive, communications, and computer industries, as well as conditions in the industrial, defense and aerospace, and medical markets; reliance on key customers; unanticipated natural disasters or other events; the ability to protect our intellectual property; pricing pressures and demand for our products; and risks associated with our international operations, including trade and tariff barriers, exchange rates and political and geopolitical risks. Many of these, and other, risks and uncertainties are discussed in further detail in Item 1.A of the Annual Report on Form 10-K. We undertake no obligation to publicly update our forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.
Contact:
CTS Corporation
Ashish Agrawal, Vice President and Chief Financial
Officer, 574-523-3800
