CPS Technologies Awarded Army Phase I SBIR Contract to Advance Additive Manufacturing for Military Munitions
Rhea-AI Summary
CPS Technologies (NASDAQ:CPSH) has secured two significant developments: a new Phase I SBIR contract from the U.S. Army and its first commercial order for radiation shielding materials. The Army contract, valued at $250,000 over six months, focuses on optimizing binder jet additive manufacturing for dense refractory tungsten alloys, potentially replacing depleted uranium in military munitions. Texas A&M University will serve as a subcontractor for printing trials.
Additionally, CPS received its first commercial purchase order (under $100,000) for radiation shielding materials development. While modest in size, successful testing could lead to larger follow-on orders. The company expects to fulfill this order in 2025, building on their ongoing Phase II development effort with Department of Energy SBIR funding.
Positive
- New $250,000 Phase I SBIR contract from U.S. Army
- First commercial order for radiation shielding materials
- Potential for larger follow-on orders if testing successful
- Partnership with Texas A&M University for manufacturing expertise
Negative
- Initial commercial order value under $100,000
- Results-dependent future orders not guaranteed
News Market Reaction 1 Alert
On the day this news was published, CPSH gained 3.92%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Also secures first commercial order for radiation shielding materials
NORTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) has been awarded a new Phase I Small Business Innovation Research (SBIR) contract from the U.S. Army, marking its second such contract in 2025. Beginning in early March, CPS will focus on optimizing binder jet additive manufacturing to produce highly dense refractory tungsten alloys with complex geometries. These alloys are designed to replicate the properties of depleted uranium for potential future use in military munitions. The six-month research effort is valued at
In addition, CPS has received its first commercial purchase order for the continued development of radiation shielding materials. This order supports a customer’s advanced development program. Although the order is under
CEO Brian Mackey commented, "We’re thrilled to continue expanding our product portfolio at CPS. The purchase order for our radiation shielding is a testament to the potential of our innovative designs to support advanced development initiatives. Even though we started our Phase II development effort just six months ago, with ongoing SBIR funding from the Department of Energy, this order affirms the market demand for lightweight, effective radiation shielding. Moreover, our latest Phase I SBIR contract represents our second in as many months, both supporting the U.S. Army’s material needs, particularly for advanced munitions. Our commitment to developing new materials that meet demanding market needs continues to bear fruit.”
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.
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 CPS Technologies' (CPSH) new Army SBIR contract?
What is the purpose of CPSH's new Army contract for tungsten alloys?
How much is CPSH's first commercial order for radiation shielding materials?
What role will Texas A&M University play in CPSH's Army contract?
When does CPS Technologies expect to fulfill its radiation shielding materials order?
