October 12, 2011 – BUSINESS WIRE — CTS Electronic Components, of CTS Corporation (NYSE:CTS), received 2 production orders for piezoceramic products from a major US sonar manufacturer. Revenues should total about $5 million.
First deliveries will begin in early 2012.
The new programs will increase in CTS’ global piezo market share. CTS uses specialized technology and processing for its piezoceramics. Applications include sonar arrays as well as hard disk drive actuation, medical instruments, flight components, hydrophones for energy exploration, and industrial products.
CTS Electronic Components provides engineered electronic components used in communications, medical, defense and aerospace, industrial and computer applications for OEMs and Contract Manufacturers worldwide. Visit the CTS Piezoelectric Materials website at www.ctscorp.com/components/PZT/.