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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) announced details for its Q3 2022 investor conference call scheduled for November 2, 2022, at 4:30 P.M. Eastern. The call will feature Michael McCormack, President and CEO, and Chuck Griffith, CFO, who will present the company’s financial results for the quarter ending October 1, 2022.
Interested participants can join by calling 1-844-943-2942 with the passcode 274639.
CPS Technologies Corporation (NASDAQ:CPSH) announced a follow-on purchase order valued at $8.8 million for its HybridTech Armor® panels from Kinetic Protection, marking the largest single order in the company's 38-year history. This armor is essential for ballistic protection systems on U.S. Navy ships, enhancing crew safety. The technology is lightweight and durable under extreme maritime conditions. CPS is optimistic about expanding its armor opportunities domestically and internationally, supporting modernization initiatives within the Department of Defense.
CPS Technologies Corporation (NASDAQ:CPSH) reported record revenues of $7.1 million and an operating profit of $669 thousand for Q2 2022, a 21% increase compared to Q2 2021. The operating profit surged 164% from last year. Despite ongoing concerns such as inflation and supply chain issues, the company managed to maintain operational efficiency. CPS is optimistic about future growth through product development initiatives and has secured two contracts under the SBIR and STTR programs with the Army and Navy.
CPS Technologies Corp. (Nasdaq:CPSH) announced its second quarter 2022 investor conference call scheduled for August 5, 2022, at 9:00 A.M. (Eastern). During the call, President and CEO Michael McCormack, along with CFO Chuck Griffith, will discuss the company’s financial results for the quarter ending July 2, 2022. Interested participants can join by dialing 1-888-504-7949 with the passcode 840275. CPS specializes in high-performance energy management components and is a leader in providing solutions for electric mobility and aerospace applications.
CPS Technologies Corporation (NASDAQ:CPSH) has secured a $259,000 SBIR contract from the US Army to develop innovative thermal management solutions utilizing additive manufacturing and aluminum-silicon carbide (AlSiC) composites. This initiative aims to enhance electronic systems in Future Vertical Lift platforms, improving heat dissipation for various applications. The contract is set for six months, marking CPS's first SBIR award in over a decade. The company remains optimistic about future submissions, including a pending SBIR with the U.S. Navy for shipboard electronics.
CPS Technologies Corporation (NASDAQ:CPSH) reported record revenues of $6.7 million for Q1 2022, up 37% from $4.9 million in Q1 2021. The company achieved an operating profit of $547 thousand, surpassing the total operating profit for all of 2021. President and CEO Michael McCormack highlighted the company's successful growth initiatives and minimal impact from COVID-19 and the Ukraine conflict. CPS is optimistic about future growth, especially in new product development and has engaged with SBIR and STTR programs, securing two projects for the Army and Navy.
CPS Technologies Corp. (Nasdaq:CPSH) will hold its first quarter 2022 investor conference call on May 4, 2022, at 4:45 PM Eastern. CEO Michael McCormack and CFO Chuck Griffith will present financial results for the quarter ending April 2, 2022. Interested participants can join by dialing 1-833-953-1394 and using Conference ID 3323509. CPS is a leader in high-performance energy management components supporting electrification across various industries, including electric vehicles and 5G infrastructure.
CPS Technologies Corporation (NASDAQ:CPSH) reported a revenue increase to $6.2 million for Q4 2021, compared to $4.2 million in Q4 2020, marking a 50% growth. The full year revenue reached $22.4 million, up from $20.9 million in 2020, but operating profit decreased to $513 thousand from $914 thousand. Notably, $2.7 million of net profit was attributed to the reversal of a deferred tax valuation allowance. CPS expressed optimism for continued growth into 2022, supported by a strong booking-to-shipping ratio of 165% in 2021.
CPS Technologies Corp. (Nasdaq:CPSH) has announced its year-end 2021 investor conference call scheduled for March 3, 2022, at 4:45 PM (Eastern). CEO Michael McCormack and CFO Chuck Griffith will review the financial results for the quarter and year ending December 25, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID: 3587843. CPS is a leader in energy management components, supporting sectors like electric vehicles, 5G infrastructure, and aerospace with innovative technology and manufacturing capabilities.
CPS Technologies Corporation (NASDAQ:CPSH) announced over $37 million in orders for Fiscal Year 2021, surpassing the total bookings of the previous two years. The company’s Book to Bill ratio stands at a healthy 1.7, indicating strong growth momentum. President Michael McCormack attributes this success to CPS solutions that meet customer demands, particularly in Aerospace and Defense markets. The company is optimistic about converting these orders into increased revenue and earnings, supported by recent investments in facilities and personnel.
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