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CTS Electronics Manufacturing Solutions Awarded Long Term Contract by Coulomb Technologies
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| 23 June 2009 |
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| Providing smart electric vehicle charging solutions for the transportation industry |
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CTS Corporation, a supplier of electronics manufacturing services, was awarded a new three year manufacturing contract by Coulomb Technologies Inc, a provider of networked charging stations for plug-in vehicles.
CTS Electronics Manufacturing Solutions (CTS EMS) will become the prime supplier of manufactured products from design support, NPI and development, to high level assembly for ChargePoint networked charging stations for electric vehicles. Fulfillment and production support are planned from CTS’ facilities in US, Europe and Asia with production beginning in mid-2009. 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, the company said.
www.ctscorp.com |
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