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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 Corporation (NASDAQ:CPSH) announced the resignation of Michael McCormack as president and CEO, effective April 21, 2023. Under McCormack's leadership since July 2021, the company achieved record revenues and operating income, significantly strengthening its product development team. The Board appointed Charles Griffith, the current CFO since 2019, as acting president while a search for a new CEO is conducted. Griffith expressed confidence in continuing momentum, anticipating another record year for 2023. CPS specializes in high-performance energy management components for various applications, including electric vehicles and aerospace.
CPS Technologies Corporation (NASDAQ:CPSH) has secured a Phase I Small Business Innovative Research (SBIR) contract from the U.S. Army to develop lightweight, reconfigurable flooring for the UH-60 fleet. The project involves creating a Ballistic Armor Protection System (BAPS) utilizing their HybridTech Armor® Metal Matrix Composite (MMC) technology, focusing on reducing aircraft weight while enhancing mission flexibility. The contract, valued at $250,000, will span six months. CPS has won four Phase I SBIR contracts in the last year, underscoring its commitment to advanced material solutions in defense and energy sectors.
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