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CPS Technologies Corporation - CPSH STOCK NEWS

Welcome to our dedicated page for CPS Technologies Corporation news (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on CPS Technologies Corporation stock.

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.

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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.

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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.

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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.

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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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CPS Technologies Corporation (CPSH) reported record revenue of $27.6 million for the fiscal year 2023, with a 10% growth in the fourth quarter. The company faced quality issues with a major customer impacting gross margin and operating profit. Despite short-term challenges, CPS remains optimistic about future growth opportunities.
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CPS Technologies Corporation (CPSH) and Triton Systems, Inc. have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites. CPS gains exclusive rights to manufacture and sell products using Triton's FRA Composite technology, offering wear-resistance and isotropic properties. The partnership aims to expand product offerings in military and commercial markets.
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CPS Technologies Corporation (CPSH) receives a $200,000 award from the Massachusetts Manufacturing Accelerate Program (MMAP) to purchase a 5-axis CNC machine, enhancing its manufacturing capabilities. The company aims to expand its workforce, fulfill new customer requirements, and increase business opportunities.
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CPS Technologies Corp. (CPSH) released details for its Q4 2023 investor conference call led by President Brian Mackey and CFO Chuck Griffith to discuss financial results on December 30, 2023.
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CPS Technologies Corporation (NASDAQ:CPSH) to Participate in Virtual Investor Summit Conference on December 7th, 2023
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CPS Technologies Corporation announced financial results for the fiscal third quarter ended September 30, 2023. The company reported revenue of $6.3 million, a decrease from $6.7 million in the same period last year. Gross margin was 19.7%, down from 27.9% in Q3 2022. Operating profit for the quarter was $0.1 million, compared to $0.7 million in the prior-year period. CPS recently secured a new contract worth $7.7 million and received its first SBIR grant funded by the Department of Energy.
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FAQ

What does CPS Technologies Corp. specialize in?

CPS Technologies Corp specializes in advanced material solutions, particularly Aluminum Silicon Carbide (AlSiC) metal matrix components for thermal management in electronics.

What industries does CPS Technologies serve?

CPS Technologies serves the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas industries.

What are metal matrix composites (MMCs)?

MMCs are materials composed of a combination of metal and ceramic, designed to enhance the performance and reliability of systems in various applications.

What is HybridTech Armor®?

HybridTech Armor® is an aluminum metal matrix composite encapsulating ceramic tiles, offering superior ballistic protection and environmental durability.

What are some of the recent achievements of CPS Technologies?

CPS Technologies recently reported a revenue of $6.3 million and remains on track for a record year with a large pipeline of opportunities for 2024 and beyond.

How does CPS Technologies contribute to clean energy?

CPS Technologies produces high-performance energy management components integral to electric trains, wind turbines, hybrid and electric vehicles, and the smart electric grid.

What role does CPS Technologies play in aerospace and satellite applications?

CPS Technologies provides hermetic packages that are essential for various aerospace and satellite applications.

Can CPS Technologies' products be used in radar and avionics applications?

Yes, CPS Technologies designs and manufactures baseplates and housings used in radar, satellite, and avionics applications.

What is the maximum size of Al-MMCs produced by CPS Technologies?

The maximum size for Al-MMCs produced by CPS Technologies is approximately 1 meter by 2 meters by 20 centimeters.

How can I contact CPS Technologies for investor relations?

For investor relations, you can contact Chris Witty at cwitty@darrowir.com or by phone at 646-438-9385.

CPS Technologies Corporation

Nasdaq:CPSH

CPSH Rankings

CPSH Stock Data

24.97M
14.52M
22.17%
10.51%
0.72%
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