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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 Corporation (NASDAQ:CPSH) reported revenues of $5.5 million for Q3 2021, a 24% increase from Q3 2020, while facing an operating loss of $88 thousand. The quarter's results were affected by $327 thousand in non-recurring restructuring costs. Although the company reported a net profit of $2.8 million, this was due to a reversal of a deferred tax valuation allowance rather than operational performance. CPS remains optimistic about future growth prospects and ongoing demand, especially in defense and energy management sectors.
CPS Technologies Corporation (Nasdaq:CPSH) announced its quarterly investor conference call set for October 27, 2021, at 4:45 PM (Eastern). The call will feature presentations by President Michael McCormack and CFO Chuck Griffith, discussing the company's financial results for the three and nine months ending September 25, 2021. Interested participants can join by calling 1-833-953-1394 with Conference ID 8251606.
CPS is a leader in high-performance energy management components, supporting various sectors like electric vehicles and 5G infrastructure.
CPS Technologies Corp. (Nasdaq:CPSH) announced over $11 million in orders for Hermetic Packages this year, with record revenue and bookings contributing significantly to its bottom line. CEO Michael McCormack highlighted the strong performance across all product lines, while VP of Sales Cheryl Oliveira emphasized growth in Aerospace, Defense, and Power Electronics sectors. CFO Chuck Griffith noted that the order flow from both new and existing customers has already exceeded last year's total Hermetic Package revenue by over 100%, positioning CPS for ongoing growth in the market.
CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $5.9 million with an operating profit of $253 thousand for Q2 2021. This shows a slight increase in revenue compared to $5.8 million and operating profit of $331 thousand in the same quarter of 2020. The company noted a 20% revenue increase from Q1 2021, driven by demand for hermetic packaging and new pre-production AlSiC orders. CPS expressed optimism about future growth, stating that demand is recovering post-pandemic, and they intend to invest in production capacity and product development.
CPS Technologies Corporation (CPSH) announced its quarterly investor conference call scheduled for July 28, 2021, at 4:45 P.M. Eastern Time. CEO Michael McCormack and CFO Chuck Griffith will discuss financial results for the three and six months ending June 26, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID 1989645. CPS is a leader in high-performance energy management solutions for various applications, including electric vehicles and aerospace. The company emphasizes its commitment to innovation and customer support.
CPS Technologies Corporation (Nasdaq:CPSH) announced the hiring of Timothy Davis as Strategic Account Manager, focusing on the Southeastern U.S. market. With over 20 years of experience in the electronics sales industry, Davis aims to drive CPS's growth in previously unrepresented regions. CEO Michael McCormack emphasized the potential for growth in CPS's product lines, particularly in new product development. CPS specializes in high-performance energy management components and is committed to innovation in sectors such as electric vehicles and aerospace.
CPS Technologies Corporation (NASDAQ:CPSH) announced a $5.8M purchase order for HybridTech Armor® Panels from Kinetic Protection, part of an integrated ballistic protection system for U.S. Navy Nimitz-class aircraft carriers. This order includes four additional ship sets, enhancing the safety of sailors operating crew-served weapons stations. The hybrid armor system is lightweight, durable, and resistant to salt spray and sunlight, making it ideal for maritime environments. The collaboration aims to strengthen protective measures for sailors aboard over 400 Navy surface ships.
CPS Technologies Corporation (NASDAQ:CPSH) announced the retirement of Grant Bennett as president and CEO effective July 1, 2021, after 29 years in the role. Michael McCormack, previously COO, will succeed him. Chairman Francis Hughes praised Bennett's long service and leadership. Bennett expressed confidence in McCormack's abilities to lead CPS into a new chapter, highlighting the company's innovation in metal-matrix composite technology. CPS specializes in high-performance energy management components for electrification and defense applications.
CPS Technologies Corporation (NASDAQ:CPSH) has made available a recording of its April 29, 2021, Investor Call on its website. Key discussion points include Grant Bennett's introductory remarks and Chuck Griffith's financial results review. New developments were highlighted across primary markets including power modules and aerospace. The company discussed its product pipeline and core competency in adjacent technical spaces. The investor Q&A section shed light on electric charging stations and equity raises. A full replay of the webcast can be accessed via the Investor Call Transcripts link on the company's investor page.
CPS Technologies Corporation (NASDAQ:CPSH) reported first-quarter revenues of $4.9 million with an operating profit of $36 thousand, down from $6.5 million and $622 thousand a year earlier. Despite lower year-over-year revenues, the company noted a 17% increase in revenues compared to the fourth quarter of 2020. Demand for hermetic packaging products in the aerospace and defense sectors is increasing, although the AlSiC baseplate business remains sluggish. CPS anticipates continued improvement in demand as the pandemic's effects lessen, with optimism for 2021 performance.
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