January 31, 2005 - CTS Corporation (NYSE: CTS) has completed the acquisition of SMTEK International, Inc. (NASDAQ SC: SMTI). SMTEK is an electronics manufacturing services (EMS) provider serving original equipment manufacturers (OEMs) in the medical, industrial instrumentation, telecommunications, security, financial services automation, aerospace and defense industries with integrated solutions ranging from design to end-of-life services. SMTEK's four facilities are located in Moorpark and Santa Clara, California; Marlborough, Massachusetts; and in Bangkok, Thailand.

CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services to OEMs in the automotive, computer and communications markets. CTS manufactures products in North America, Europe and Asia. To find out more, visit the CTS Web site at www.ctscorp.com.

Duff & Phelps advised on the sale of SMTEK International, Inc. and rendered a fairness opinion to the Board of Directors of SMTEK in connection with the transaction. Duff & Phelps is a national investment banking and financial advisory firm focused on providing merger and acquisition, private placement, valuation, financial opinion and restructuring services. Since 1932, Duff & Phelps has been committed to delivering independent advice and service of exceptional quality to a broad range of public and private companies.