CTS Corporation (CTS) Awarded Three-Year Contract With Coulomb Technologies
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CTS Corporation (NYSE: CTS) was awarded a new three-year manufacturing contract by Coulomb Technologies, Inc., a provider of networked charging stations for plug-in vehicles.
Revenues are expected to reach approximately $19 million over the program period.
Starting in late 2009, major OEMs are expected to introduce new alternative energy plug-in vehicles across Europe, North America and Asia. The anticipated demand and growth for these electrified vehicles will help reduce the cost of transportation fuel, greenhouse gas emissions and dependency on foreign oil.
CTS is a designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical, defense and aerospace and industrial markets. [SM]
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