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News Release
CTA ACOUSTICS, INC. NEW BUSINESS AWARDS
MADISON HEIGHTS, MICHIGAN, MARCH 10, 2005 – CTA Acoustics, Inc. and its new QuietBlend® products continue to gain widespread acceptance in the auto industry.
According to CTA chairman and CEO James J. Pike, “During the past 6 months we have been awarded contracts to supply underhood components for a number of current and next-generation vehicles for Ford, GM, and DaimlerChrysler. While I am not at liberty to discuss program details or specific revenue information, some of this business begins as early as this summer. Other new program launches will occur in the 2006 and 2007 timeframe.” Mr. Pike adds that “the total annual revenue value of these new business awards is in excess of $25 million, and significantly increases our dollar content per vehicle built in North America.”
“With our ongoing commitment to providing outstanding customer service from both Madison Heights and Corbin, we fully expect our expanding customer base to continue to recognize our overall excellence with additional new business awards.”