Exhibit 99.1

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SENSATA TECHNOLOGIES HOLDING N.V. ANNOUNCES

SECOND QUARTER 2011 RESULTS

Almelo, the Netherlands – July 20, 2011 – Sensata Technologies Holding N.V. (NYSE: ST) (the “Company”) announces results of its operations for the second quarter and six months ended June 30, 2011.

Highlights of the Second Quarter and Six Months Ended June 30, 2011

Net revenue for the second quarter 2011 was $455.0 million, an increase of $63.2 million, or 16.1%, from the net revenue for the second quarter of 2010 of $391.8 million. The second quarter 2011 net revenue reflects the effect of the events that occurred in Japan, which is estimated at $25 million. Net (loss) for the second quarter 2011 was $(34.6) million, or $(0.20) per diluted share. This compares to net income for the second quarter 2010 of $82.5 million, or $0.46 per diluted share. Adjusted net income¹ for the second quarter 2011 was $92.2 million, or $0.51 per diluted share, which was 20.3% of net revenue. This compares to Adjusted net income¹ for the second quarter of 2010 of $77.5 million, or $0.44 per diluted share, which was 19.8% of net revenue.

Net revenue for the six months ended June 30, 2011 was $899.3 million, an increase of $130.3 million, or 16.9%, from $768.9 million for the six months ended June 30, 2010. Net (loss) for the six months ended June 30, 2011 was $(44.2) million, or $(0.25) per diluted share. This compares to net income for the six months ended June 30, 2010 of $109.8 million, or $0.66 per diluted share. Adjusted net income¹ for the six months ended June 30, 2011 was $183.3 million, or $1.01 per diluted share, which was 20.4% of net revenue. This compares to Adjusted net income¹ for the six months ended June 30, 2010 of $146.6 million, or $0.88 per diluted share, which was 19.1% of net revenue.

Tom Wroe, Chairman and Chief Executive Officer, said, “We are pleased with our results and continue to deliver on our objectives. Our core revenue growth rate, amplified by our recently acquired Magnetic Speed and Position business, resulted in 16.1% growth compared to the second quarter of the prior year.”

The Company spent $28.3 million, or 6.2% of net revenue, on research, development and engineering related costs in the second quarter of 2011. These costs reside in both the Cost of revenue and the Research and development lines of the Condensed Consolidated Statements of Operations.

The Company’s ending cash balance at June 30, 2011 was $287.1 million. During the second quarter, the Company generated cash of $39.3 million from operations, used cash of $18.8 million in investing activities and used cash of $152.7 million in financing activities. During the quarter, the Company refinanced substantially all of its existing indebtedness. As part of refinancing, the Company issued a new $1.1 billion term loan facility and $700 million of senior unsecured notes, each denominated in U.S. dollars.

The Company’s cash conversion cycle, which is defined as days sales outstanding (DSO) plus days on hand inventory (DOH) less days payable outstanding (DPO), was 56.3 days at the end of the second quarter compared to 50.7 days at June 30, 2010.

The Company recorded an income tax provision of $12.5 million for the second quarter 2011. Approximately $4.5 million of the provision, or 3.7% of Adjusted EBIT, related to taxes that are payable in cash and approximately $8.1 million related to deferred income tax expense and other income tax expense.

The Company’s indebtedness at June 30, 2011 was $1.84 billion. The Company’s Net debt² was $1.55 billion resulting in a Net leverage ratio² of 3.1.

Robert Hureau, Chief Financial Officer, said, “We are pleased to have completed the debt refinancing this quarter at such attractive interest rates. In addition, our cash generation continues to be in line with our expectations.”

Guidance

Including the announced, but not yet closed, acquisition of Sensor-NITE, the Company anticipates net revenue of $470 million to $490 million for the third quarter 2011, which represents growth of 23% to 28% over the third quarter 2010 net revenue of $383.3 million. The Company also expects to achieve earnings per diluted share calculated in accordance with generally accepted accounting principles (“GAAP”) of $0.17 – $0.21 in the third quarter of 2011. In addition, the Company expects Adjusted net income¹ of $90 million to $96 million, or $0.49 – $0.53 per diluted share, for the third quarter 2011. This guidance assumes a diluted share count of 181.8 million for the third quarter of 2011.

For the full year 2011, the Company expects net revenue of $1.87 billion to $1.93 billion which represents 26% to 29% growth over the full year 2010 net revenue of $1.54 billion, after adjusting for approximately $50 million of inventory replenishment that occurred during the first half of 2010. The Company also expects to achieve earnings per diluted share calculated in accordance with GAAP of $0.11 to $0.21 for the full year 2011. In addition, the Company expects Adjusted net

income¹ of $365 million to $383 million, or $2.01 to $2.11 per diluted share for the full year 2011. This guidance assumes a diluted share count of 181.4 million for the full year of 2011.

Company Earnings Conference Call

The Company will conduct a conference call today at 8:00 AM eastern time to discuss the financial results for its second quarter ended June 30, 2011. The U.S. dial in number is 877-486-0682 and the non-U.S. dial in number is 706-634-5536. The passcode is 81546049. A live webcast of the conference call will also be available on the investor relations page of the Company’s website at http://investors.sensata.com.

For those unable to participate in the conference call, a replay will be available for one week following the call. To access the replay, the U.S. dial in number is 855-859-2056 and the non-U.S. dial in number is 404-537-3406. The replay passcode is 81546049. A replay of the call will be available by webcast for an extended period of time at the Company’s website, at http://investors.sensata.com.

About Sensata Technologies Holding N.V.

Sensata Technologies Holding N.V. is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions. Sensata employs approximately 11,500 people in nine countries. Sensata’s products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications. For more information, please visit Sensata’s website at www.sensata.com.

Safe Harbor Statement

This earnings release contains forward-looking statements within the meaning of the federal securities laws. These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable, and our future prospects, developments and business. Such forward-looking statements include, among other things, the Company’s anticipated results for the third quarter and full year of 2011. Such statements involve risks or uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that might cause these differences include, but are not limited to, risks associated with: worldwide economic conditions; adverse developments in the automotive industry; the potential impact of the recent natural disasters in Japan; integration of acquired companies; non-performance by suppliers; the Company’s ability to timely and efficiently increase production capacity to meet demand; governmental regulations, policies, and practices relating to the Company’s non-US operations and international business; fluctuations in foreign currency exchange, commodity and interest rates; competitive pressures; pricing and other pressures from customers; fundamental changes in the industries in which the Company operates; litigation and disputes involving the Company, including the extent of product liability and warranty claims asserted against the Company; the loss of one or more suppliers of raw materials; the Company’s ability to secure financing to operate and grow its business or to

explore opportunities. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made; and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in the Company’s SEC filings. Copies of the Company’s filings are available from its Investor Relations department or from the SEC website, www.sec.gov.

SENSATA TECHNOLOGIES HOLDING N.V.

Condensed Consolidated Statements of Operations

(Unaudited)

($ in 000s)

SENSATA TECHNOLOGIES HOLDING N.V.

Condensed Consolidated Balance Sheets

(Unaudited)

($ in 000s)

SENSATA TECHNOLOGIES HOLDING N.V.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

($ in 000s)

Non-GAAP Measures

Adjusted net income is a non-GAAP financial measure. The Company defines Adjusted net income as follows: net (loss) / income before costs related to our initial public offering and debt refinancing, currency translation loss / (gain) on debt and unrealized (gain)/loss on other hedges, amortization and depreciation expense related to the step-up in fair value of fixed and intangible assets, deferred income tax and other tax expense, amortization of deferred financing costs, interest expense associated with uncertain tax positions, and other costs. The Company believes Adjusted net income provides investors with helpful information with respect to the performance of the Company’s operations and management uses Adjusted net income to evaluate its ongoing operations and for internal planning and forecasting purposes. Adjusted net income is not a measure of liquidity. See the tables below which reconciles Net (loss) / income to Adjusted net income and Projected GAAP earnings per share to Projected Adjusted net income per share.

The following unaudited table¹ reconciles the Company’s Net (loss) / income to Adjusted net income for the second quarter and six months ended June 30, 2011 and 2010.

The following unaudited table identifies where in the Condensed Consolidated Statement of Operations the adjustments to reconcile Net (loss) / income to Adjusted net income were recorded for the second quarter and six months ended June 30, 2011 and 2010.

The following unaudited table reconciles the Company’s Projected GAAP earnings per share to projected Adjusted net income per share for the third quarter and full year of 2011:

SENSATA TECHNOLOGIES HOLDING N.V.

Notes to unaudited Condensed Consolidated Statements of Operations, Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows

Basis of Presentation

The accompanying unaudited Condensed Consolidated Statements of Operations, Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. This information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and the interim condensed consolidated financial statements included in the Company’s Form 10-Q for the period ended March 31, 2011. U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Estimates used will change as new events occur or additional information is obtained. Actual results could differ from those estimates.