I think I have just got the same ETS as you (sold as a SHINA SK-66; touch connection red & orange, NC; overtravel connection blue & green, NC; puffer present), but my 770 is ignoring it.
Sitting on my desk, the NC touch connection has a resistance of about 1 ohm untouched, off the scale (>66M) touched.
The supply voltages at the DIN-5 connector on my Tormach are at nominal values. With nothing connected, the voltage at the sense pin is +2.9 VDC. My touch probe (one of Cliff Hall's impact-tolerant probes) works fine connected here.
When I connect the ETS to the 770, with the red wire connected to either the +12 VDC supply (pin 3) or the +5 VDC supply (pin 1) and the orange wire connected to the sensing input (pin 5), the voltage at the sensing input is the same as that of the red wire untouched and +2.7 VDC touched.
My guess is that +2.7 VDC is too high, and that all might be well if I just threw a pull-down resistor into the circuit. I haven't tried this yet. Has anyone else had a similar problem with this ETS?