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About CPS Technologies Corporation
CPS Technologies Corporation (NASDAQ: CPSH) is a pioneering company in the field of advanced materials, specializing in the development and manufacturing of aluminum metal matrix composites (Al-MMCs) and related technologies. With over two decades of expertise, CPS has established itself as a key supplier of high-performance components designed to meet the demanding requirements of industries such as electronics, defense, renewable energy, transportation, and aerospace.
Core Business Areas
At its core, CPS focuses on the production of innovative materials that address critical challenges in thermal management, structural integrity, and lightweight design. The company's flagship product line includes AlSiC (aluminum silicon carbide) metal matrix composites, which are widely recognized for their exceptional thermal conductivity, low weight, and mechanical strength. These materials are essential for applications in electronic devices, electric vehicles, and renewable energy systems, where efficient heat dissipation is crucial.
In addition to AlSiC, CPS leverages its expertise in syntactic materials, which combine ceramic hollow shell reinforcements with aluminum matrices to achieve ultra-lightweight and stiff structures. These advanced materials are further enhanced with fiber reinforcements, enabling the creation of unique hybrid solutions tailored to specific customer needs.
Specialized Product Offerings
CPS Technologies also produces HybridTech Armor®, a proprietary solution that encapsulates ceramic tiles within Al-MMCs to deliver superior ballistic protection and environmental durability. This product is particularly valuable for defense applications, offering lightweight yet robust protection for personnel and equipment.
Beyond armor, CPS manufactures structural components that integrate fiber reinforcements for use in aerospace and satellite systems, where weight reduction and mechanical performance are paramount. The company's hermetic packages are another critical offering, providing reliable protection for sensitive electronic components in harsh environments.
Market Applications
CPS's advanced materials are integral to a wide range of industries and applications, including:
- Electronics: Thermal management solutions for high-power devices and 5G infrastructure.
- Transportation: Lightweight components for hybrid and electric vehicles, as well as electric trains and subway cars.
- Renewable Energy: Components for wind turbines and smart grid systems.
- Defense: Ballistic protection and radiation shielding materials for military applications.
- Aerospace: Structural components for satellites and other aerospace systems.
Innovation and Research
CPS is deeply committed to innovation, as evidenced by its participation in Small Business Innovation Research (SBIR) programs. These research initiatives enable the company to explore new material technologies, such as radiation shielding solutions and advanced manufacturing techniques like binder jet additive manufacturing. By leveraging its existing manufacturing capabilities, CPS continues to expand its product portfolio to address emerging market needs.
Competitive Position
Operating at the intersection of materials science and high-performance engineering, CPS differentiates itself through its specialized expertise in Al-MMCs and related technologies. Its ability to deliver customized solutions for complex applications sets it apart from competitors in the advanced materials sector. Moreover, the company's long-standing relationships with key customers and its track record of successful research collaborations underscore its reputation as a trusted partner in innovation.
Conclusion
CPS Technologies Corporation is a versatile and innovative player in the advanced materials industry. By focusing on high-performance Al-MMCs and related technologies, the company addresses critical challenges across multiple sectors, from electronics and transportation to defense and renewable energy. Its commitment to technical excellence and customer-centric solutions positions CPS as a valuable contributor to the ongoing transformation of these industries.
CPS Technologies Corp (Nasdaq:CPSH) has announced its third quarter 2024 investor conference call, scheduled for Thursday October 31, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO, and Chuck Griffith, Chief Financial Officer, will discuss the company's financial results for the quarter ended September 28, 2024.
CPS is a technology and manufacturing leader specializing in high-performance energy management components for the electrification economy. Their product portfolio includes critical components for electric trains, subway cars, wind turbines, hybrid and electric vehicles, smart electric grid, and 5G infrastructure. The company also produces hermetic packages for Aerospace and Satellite applications, as well as lightweight armor products offering exceptional ballistic protection.
CPS Technologies (NASDAQ:CPSH) has been awarded a $1.1 million Phase II SBIR contract from the U.S. Department of Energy. The 24-month project focuses on developing 'Modular Radiation Shielding for Transportation and Use of Microreactors'. This is CPS's second Phase II SBIR award in 2024, bringing their total SBIR funding to over $3 million in recent years.
The project, led by materials scientist Matthew Karnick, builds on the successful Phase I results, where CPS developed lightweight, modular shielding effective against gamma and neutron radiation. Phase II aims to optimize materials and scale manufacturing processes for commercialization. CPS filed a provisional patent in July 2024 for novel designs developed during Phase I.
CPS Technologies (NASDAQ:CPSH) reported financial results for Q2 2024 ended June 29, 2024. Key highlights include:
- Revenue decreased to $5.0 million from $7.4 million in Q2 2023, due to the completion of the HybridTech Armor® contract with Kinetic Protection for the US Navy.
- Gross margin declined to (4.6)% from 29.6% in Q2 2023, reflecting lower manufacturing efficiencies and fixed costs impact on reduced revenue.
- Operating loss of $1.3 million compared to an operating profit of $0.7 million in Q2 2023.
- Net loss of $1.0 million, or $(0.07) per diluted share, versus net income of $0.6 million, or $0.04 per diluted share, in Q2 2023.
The company secured a new SBIR Phase II contract valued at over $1 million from the U.S. Navy Air Systems Command for developing metal matrix composites for thermal energy storage applications.
CPS Technologies Corp. (Nasdaq:CPSH) has announced its second quarter 2024 investor conference call, scheduled for Thursday, August 1, 2024, at 9:00 A.M. (Eastern). Brian Mackey, President and CEO, and Chuck Griffith, CFO, will discuss the company's financial results for the quarter ended June 29, 2024.
CPS is a leader in producing high-performance energy management components for various applications, including electric trains, wind turbines, electric vehicles, and 5G infrastructure. The company also manufactures hermetic packages for aerospace and satellite applications, as well as lightweight armor products.
Interested participants can join the conference call by dialing 1-844-943-2942 with the passcode 467630. For investor relations inquiries, contact Chris Witty at 646-438-9385 or cwitty@darrowir.com.
CPS Technologies (NASDAQ: CPSH) has secured a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) worth over $1 million for a 30-month period. The project aims to advance the development of novel metal matrix composites (MMCs) for thermal energy storage, important for the Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program.
During Phase I, CPS demonstrated the efficacy of aluminum and phase-change materials, including nickel titanium (nitinol), for compact thermal energy storage devices. The University of North Texas will act as a subcontractor in Phase II. Successful completion will enable CPS to apply these composites in aerospace, defense, and automotive sectors.
CEO Brian Mackey noted that the award underscores CPS' commitment to the SBIR/STTR programs and its long-term growth strategy.
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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