CPS Technologies Announces Phase I SBIR Contract from the U.S. Army

Rhea-AI Summary

CPS Technologies Corp. (NASDAQ: CPSH) has secured its third Phase I Small Business Innovation Research (SBIR) contract from the U.S. Army in 2025. The six-month contract, valued at $250,000, focuses on developing fiber-reinforced aluminum (FRA) components for military vehicles under the Army's Hybrid Electric Powertrain, Power, and Propulsion Systems (HEPPS) initiative.

The project aims to enhance fuel efficiency and extend operational range of military vehicles without increasing size, weight, or power requirements. CPS will apply its net-shape manufacturing techniques to develop FRA components, particularly for bearings in hybrid electric systems. The company became the exclusive global licensor of this patented technology in March 2024, originally developed by Triton Systems.

Positive

• Secured third Phase I SBIR contract worth $250,000
• Exclusive global license for FRA technology
• Expanding military sector presence through HEPPS initiative
• Development of innovative wear-resistant components for military vehicles

Negative

• None.

Funded to Develop Novel Improvements to Fuel Economy for Military Vehicles

NORTON, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ: CPSH) has been awarded a Phase I Small Business Innovation Research (SBIR) contract by the U.S. Army, its third in 2025. This contract further advances the Army’s Hybrid Electric Powertrain, Power, and Propulsion Systems (HEPPS) initiative, which aims to enhance fuel efficiency and extend the operational range of military vehicles. The HEPPS program seeks to deliver superior performance without increasing size, weight, or power (SWaP) requirements, aligning with the Army's mission to improve vehicle capabilities in a compact, efficient form.

As with other ongoing Phase I programs, this six-month research effort provides CPS Technologies with $250,000 in funding. The company will apply its advanced net-shape manufacturing techniques to the development of fiber-reinforced aluminum (FRA) components for military vehicles, marking a significant step in CPS’s continued innovation in lightweight, high-performance materials.

FRA’s unique properties make it an ideal material for applications in military vehicles, particularly in hybrid electric systems, where components like bearings are subject to heavy wear from cyclic loading caused by motor actuation and regenerative charging. Bearings made from FRA are expected to significantly reduce wear, thus extending the lifespan of hybrid electric systems while decreasing mass and improving overall fuel economy and system performance.

Originally developed by Triton Systems of Chelmsford, MA, FRA was designed as a lightweight, wear-resistant material with strong potential for a range of applications. In March 2024, CPS Technologies became the exclusive global licensor of this patented technology. The Phase I SBIR research will focus on optimizing the manufacturability and performance of next-generation FRA, facilitating its use in components such as bearings, liners, and similar parts that meet the demanding needs of military applications.

Brian Mackey, CEO of CPS Technologies, commented, “Our partnership with Triton Systems has positioned us to bring FRA technology to the forefront of real-world applications, and we’re thrilled to receive continued support from the U.S. Army’s SBIR program. This contract is an important milestone in our efforts to introduce FRA products into the military sector. The opportunity to contribute to the modernization of the U.S. Army’s vehicle fleet is both exciting and fulfilling, and we look forward to advancing this work in 2025 and beyond.”

Triton’s Executive Vice President, Dr. Anant Singh, noted, “This was exactly the strategic intent behind our partnership with CPS, and we are thrilled to see positive momentum towards military and broader market applications develop so quickly.”

About CPS

CPS is a technology and manufacturing leader in producing high-performance materials solutions for its customers. The company’s products and intellectual property address critical needs in a variety of applications, including electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, Navy ships, the smart electric grid, 5G infrastructure and others. CPS hermetic packages can be found in many Aerospace and Satellite applications. CPS’ armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions for the transition to clean energy.

About Triton

Triton Systems, (Triton) was founded as a technology and business incubator in 1992. Headquartered in Chelmsford, MA, Triton has grown to a global footprint by taking breakthrough ideas in a broad range of disciplines and creating a series of commercial products and independent spin-offs – represented by over $2B in shareholder value across its portfolio of companies. By partnering in-house technical, business and financial expertise with targeted external resources, Triton delivers creative solutions to the marketplace through licensed products, joint ventures and independent entities.

Safe Harbor

Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2025 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward-looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.

CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766

www.cpstechnologysolutions.com

Investor Relations:

Chris Witty

646-438-9385

cwitty@darrowir.com

FAQ

What is the value and duration of CPSH's new Army SBIR contract?

The Phase I SBIR contract is valued at $250,000 and has a duration of six months.

How many SBIR contracts has CPSH received from the U.S. Army in 2025?

This is CPS Technologies' third Phase I SBIR contract from the U.S. Army in 2025.

What technology will CPSH develop under the new Army contract?

CPSH will develop fiber-reinforced aluminum (FRA) components, focusing on bearings for military vehicle hybrid electric systems.

When did CPSH acquire the exclusive global license for FRA technology?

CPS Technologies became the exclusive global licensor of the FRA technology in March 2024.