It does, but it does not clean off the corrosion associated with water. The only way to remedy a wet CLP/SSM or any other module is a new (used, really) module and you also must (MUST) get the last 3-4 feet of wiring harness as well, and change the wiring before you try to use the 'new' module

I've been thru this with three convertible tops (as well as 30 years to experience at work) that would not work due to a wet CLP/SSM and it's the only way. Not only do you get corrosion on the boards IN the CLP/SSM, as well as on the pins of the connectors, you also get horrible corrosion between the crimped pin and the wire it is crimped to.

There is simply no other way.