undertakes no obligation to publicly update its forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.
The agreement with CTS
allows Ambient to ensure volume production capability, which can scale to meet marketplace demands.
Jeff McCurley, Vice President and General Manager of CTS
Automotive Products commented, "The collaboration and license agreements will significantly broaden the applications for which CTS
can offer the added value of actuators packaged with our integrated electronics and position sensors.
Based on current production awards alone, CTS
pedal module sales are expected to reach $33 million this year ramping to over $65 million by 2008.
announced today that its Ranger(R) Transport API product is now available for the CTS
LS series check readers and scanners.
) today announced that Renault has awarded CTS
Automotive Products a production contract for a next generation Electronic Throttle Control (ETC) Accelerator Pedal Module.
), has been recognized by Toyota Motor Manufacturing North America Inc.
), announced today that management will be presenting at the Bear Stearns 17th Annual Technology Conference in New York City.