LISLE, Ill.--CTS Corporation (NYSE: CTS) has been awarded a global accelerator pedal module program by a major automotive OEM headquartered in North America. Shipments are anticipated to commence in 2018, with total revenues expected to be approximately $28 million over the life of the program. CTS will produce the components in their facilities located in Asia, Europe and North America.
“We are pleased that CTS has been selected to provide a new accelerator module to an existing sensor customer of ours,” stated Kieran O’Sullivan, CEO of CTS Corporation. “Our established global footprint uniquely positions us to service the needs of our partner throughout the duration of this program.”
CTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and supplies these products to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets.
For more information visit www.ctscorp.com.