Welcome to our dedicated page for Cps Technologie news (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on Cps Technologie stock.
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 (CPSH) announced its quarterly investor conference call scheduled for April 29, 2021, at 4:45 PM Eastern Time. During the call, President Grant Bennett and CFO Chuck Griffith will discuss financial results for the quarter ending March 27, 2021. Interested participants can join by calling 1-833-953-1394 with the Conference ID: 4584929. CPS specializes in high-performance energy management components, supporting the electrification of various sectors including electric vehicles and renewable energy.
CPS Technologies Corporation (NASDAQ:CPSH) has appointed Dr. Stephen Kachur as a Senior Scientist in Product Development, enhancing its product pipeline. CEO Grant Bennett emphasized the robustness of their product pipeline and the goal to accelerate product movement and development. Dr. Kachur brings extensive experience from Physical Sciences Inc. and Westinghouse Electric Company, having worked on advanced composite structures and nuclear reactor materials. CPS focuses on high-performance energy management components and aims to support electrification across various sectors.
CPS Technologies Corporation (NASDAQ:CPSH) has scheduled its Annual Meeting of Stockholders for April 23, 2021, at 10:00 AM at its Norton, MA office. The meeting will be in-person with social distancing measures. Shareholders can also participate via a conference call. To ensure compliance with Massachusetts gathering limits due to COVID-19, shareholders are asked to notify the company in advance if they plan to attend. The meeting will include a Q&A session accessible to those on the call.
CPS Technologies Corporation (CPSH) has successfully completed and shipped parts for the MethaneSAT satellite program, designed to detect methane emissions with enhanced sensitivity and spatial resolution.
This satellite aims to significantly reduce methane release, a gas that is more potent than carbon dioxide. CPS is collaborating with Ball Aerospace, leveraging its AlSiC composite materials, which offer superior performance in space applications. The company believes AlSiC will increasingly find applications in aerospace, building on its presence in notable projects like the Mars 2020 rover and GPS III satellites.
CPS Technologies Corporation (NASDAQ:CPSH) recently shared a recording of its February 24, 2021, Investor Call on its website. Key topics included financial results presented by Chuck Griffith and an overview of the company’s core competencies by Grant Bennett. The call covered CPSH's product pipeline, recent design wins, and primary markets, particularly in power modules and aerospace. Investor inquiries addressed plant capacity, recent armor orders, and potential equity raises. A replay of the call is available on their investor page, providing insights into CPSH's strategic vision and growth potential.
CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $20.9 million for the year ended December 26, 2020, a slight decrease from $21.5 million in 2019. Operating profit saw a significant improvement, reaching $914 thousand, compared to an operating loss of $597 thousand the previous year. The fourth quarter revenue was $4.2 million with an operating loss, down from $5.4 million in Q4 2019. The company noted shifts in customer demand due to Covid-19 and is optimistic about future product development and market sectors.
CPS Technologies Corporation (Nasdaq:CPSH) announced its quarterly investor conference call scheduled for February 24, 2021, at 4:45 PM ET. During this call, President and CEO Grant Bennett, alongside CFO Chuck Griffith, will discuss the company’s financial results for the three and twelve months ending December 26, 2020. Interested participants can join by dialing 1-833-953-1394 using Conference ID: 9283248. CPS is known for its metal-matrix composite components used in various applications, including electric vehicle motor controllers and high-performance microprocessors.
CPS Technologies Corporation (NASDAQ: CPSH) announced the appointment of Michael E. McCormack II as Chief Operating Officer, effective January 4, 2021. CEO Grant Bennett highlighted McCormack's experience in accelerating growth and product commercialization, aligning with CPS's strategic goals. McCormack's previous roles include Executive VP at AirBoss Defense Group and leadership positions at Mission Solutions Group and General Dynamics. He holds a BS in Engineering from West Point and additional master’s degrees. CPS specializes in metal-matrix composites for various industries, including defense and transportation.
CPS Technologies Corporation (NASDAQ: CPSH) reported revenues of $4.5 million with an operating profit of $253 thousand for Q3 2020, improving from a $4.4 million revenue and an operating loss of $479 thousand in Q3 2019.
For the nine months ending September 2020, revenues reached $16.7 million and operating profit was $1.2 million, compared to $16.0 million in revenues and an operating loss of $966 thousand in the prior year. The company faced challenges due to the pandemic and supplier disruptions but reported improved gross margins and operating profits.
CPS Technologies Corporation (Nasdaq:CPSH) announced plans for its quarterly investor conference call on October 28, 2020, at 4:45 PM Eastern. CEO Grant Bennett and CFO Chuck Griffith will present the financial results for the three and nine months ending September 26, 2020. Investors can join the call by dialing 1-833-953-1394 and entering Conference ID: 6798808. CPS is renowned for producing metal-matrix composite components enhancing the performance of various electrical systems, including applications in hybrid vehicles and high-speed trains.
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