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CPS Technologies Corp. (Symbol: CPSH) has been a pioneering force in the field of advanced material solutions for over two decades. The company is renowned for its expertise in Aluminum Silicon Carbide (AlSiC) metal matrix components, which play a critical role in the thermal management of electronic devices. CPS Technologies' Al-MMC toolbox also features ceramic hollow shell reinforcements, creating syntactic MMCs that are nearly half the density of aluminum. These structures can be combined with fiber-reinforced layers to form lightweight, stiff, Al-MMC structures.
The company's product portfolio extends to HybridTech Armor®, which integrates aluminum metal matrix composite encapsulated ceramic tiles for superior ballistic protection. CPS Technologies also manufactures structural components, primarily using fiber reinforcements. The maximum size for Al-MMCs produced by the company is approximately 1m x 2m x 20cm.
CPS Technologies Corp. serves a diverse range of industries, including transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas. Their primary material solution, metal matrix composites (MMCs), is a combination of metal and ceramic materials that enhances the performance and reliability of systems in these end markets. The company is involved in the design, manufacturing, and sale of custom MMC components, and also provides baseplates and housings used in radar, satellite, and avionics applications, as well as lids and heat spreaders for integrated circuits in Internet switches and routers.
Recently, CPS Technologies has focused on high-performance energy management components that support the transition to clean energy. Their products and intellectual property are integral to electric trains and subway cars, wind turbines, hybrid and electric vehicles, the smart electric grid, 5G infrastructure, and more. Additionally, CPS Technologies' hermetic packages are essential in numerous aerospace and satellite applications, while their armor products offer exceptional durability and light weight for ballistic protection.
The company has maintained strong financial health and remains on track for a record year, with revenue reaching $6.3 million. CPS Technologies continues to innovate and support its customers in building solutions for cleaner energy and advanced technological applications. For more information, visit the company’s website.
CPS Technologies will participate in the Sidoti Microcap Virtual Conference on May 8 and 9, 2024. Management will present at 9:15 a.m. Eastern on May 8, with one-on-one calls available. CPS is a leader in high-performance materials for various applications like electric vehicles, wind turbines, and ballistic protection.
CPS Technologies announced its first-quarter 2024 financial results, reporting revenue of $5.9 million, a gross margin of 15.3%, and an operating loss of $0.3 million. The company signed a manufacturing license agreement with Triton Systems for Fiber-Reinforced Aluminum Composites to expand its product portfolio. Despite lower revenue, CPS remains optimistic about growth opportunities, focusing on R&D, new product lines, and business development initiatives.
CPS Technologies Corp. announced the details for its first quarter 2024 investor conference call to be held on May 2, 2024. The call will discuss the financial results for the quarter ended on March 30, 2024. CPS is a technology and manufacturing leader in high-performance energy management components, supporting various sectors such as electric trains, wind turbines, hybrid vehicles, electric vehicles, smart electric grid, 5G infrastructure, aerospace, and satellite applications. The company is dedicated to innovation and clean energy solutions.
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