ELKHART, Ind. — CTS Corporation (NYSE: CTS) today announced that CTS Automotive Products has secured its second global popular small-car vehicle platform for its pedal modules with the addition of two new production program wins.
The two recently awarded pedal module programs come from one of CTS’ largest customers, a major Japanese vehicle manufacturer, and are valued at $14 million over the five-year program life for the European and South American volumes. CTS recently began shipping pedal modules for the previously announced North American and Asian portions of this same platform. As a result, CTS has now secured the pedal module business for the complete global small-car vehicle platform with total program revenues expected to reach approximately $70 million over its five-year life.
CTS will support this global program from its facilities in Asia, Europe and North America. This global growth achievement reflects CTS’ excellent customer relationship, the quality of its products and its engineering expertise which was acknowledged by a prestigious supplier award from this customer for design and development innovation.
For more information on ETC Accelerator Pedal Modules, please contact Ken Kochanowski at (574) 389-2749.