Company Description
CPS Technologies Corp. (NASDAQ: CPSH) is a manufacturing and technology company focused on high-performance material solutions and energy management components. According to the company’s public disclosures, its products and intellectual property address critical needs in applications such as electric trains and subway cars, wind turbines, hybrid and electric vehicles, Navy ships, the smart electric grid, 5G infrastructure, aerospace, satellite systems, and armor products. CPS describes itself as a technology and manufacturing leader in these high-performance materials markets and articulates its vision as: “To pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”
CPS Technologies is classified in the Other Electronic Component Manufacturing industry within the broader Manufacturing sector and its common stock trades on the Nasdaq Capital Market under the symbol CPSH, as noted in its SEC filings. The company is based in Norton, Massachusetts. CPS emphasizes that its products play a role in the electrification of the economy by providing energy management components and materials that support demanding power, thermal, and reliability requirements across transportation, energy, and defense-related systems.
Business focus and material solutions
According to the company’s descriptions and prior summaries, CPS designs, manufactures, and sells custom metal matrix composite (MMC) components. MMCs are described as a class of materials that combine metal and ceramic. CPS uses these materials to manage performance and reliability in end markets such as transportation, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas. The company also provides baseplates and housings used in radar, satellite, and avionics applications, as well as lids and heat spreaders used with integrated circuits in Internet switches and routers.
In its more recent communications, CPS highlights high-performance materials solutions and energy management components that support electric trains and subway cars, wind turbines, hybrid and electric vehicles, Navy ships, smart grid infrastructure, and 5G networks. CPS hermetic packages are described as being present in many aerospace and satellite applications, and its armor products are characterized as providing ballistic protection and environmental durability at very light weight. These disclosures indicate a focus on demanding, often mission-critical environments where thermal management, structural performance, and reliability are essential.
End markets and applications
CPS states that its technologies and products serve a range of high-impact sectors:
- Transportation and mobility – including electric trains, subway cars, hybrid vehicles, and electric vehicles.
- Energy and grid infrastructure – including wind turbines, the smart electric grid, and broader energy and grid systems.
- Aerospace and satellite – via hermetic packages and components used in aerospace and satellite applications.
- Defense and armor – armor products that provide ballistic protection and environmental durability at low weight, and development work such as controlled fragmentation tungsten warheads.
- Industrial and communications – including applications tied to 5G infrastructure and integrated circuits in networking equipment.
Recent company announcements describe contracts for advanced power module components supplied to a longstanding, multinational semiconductor manufacturer. These components are to be integrated into systems supporting high-speed rail and energy and grid infrastructure, which aligns with CPS’s stated focus on transportation and energy applications. The company also notes momentum in its aluminum silicon carbide product line and references a material it calls AlMax™, described as a novel composite material with performance properties better than those of aluminum, for which CPS holds global exclusive rights.
Research, development, and government-funded programs
CPS reports multiple federally funded research awards in recent periods, indicating an active role in materials research and development. These include:
- A Phase I Small Business Innovation Research (SBIR) contract from the U.S. Department of Energy’s Office of Nuclear Energy, focused on developing a high-performance, sustainable impact limiter to enhance the safety of transporting spent nuclear fuel and high-level radioactive waste.
- A Phase II Small Business Technology Transfer (STTR) contract funded by the U.S. Army Combat Capabilities Development Command to further develop a controlled fragmentation tungsten warhead, with an initial focus on a 40mm variant.
- Additional SBIR programs, including a Phase I award focused on reducing the weight of the Amphibious Combat Vehicle (ACV) for the U.S. Marine Corps.
The company notes that these awards expand its portfolio of advanced materials initiatives and rely on CPS’s expertise in materials science and manufacturing processes, such as a proprietary injection molding process for producing highly detailed tungsten features. CPS positions these research programs as both addressing specific customer and government requirements and strengthening its longer-term technology portfolio.
Capital markets activity and growth initiatives
CPS Technologies has disclosed public equity offerings under a shelf registration statement on Form S-3. In one underwritten public offering, the company sold shares of common stock, including the full exercise of an overallotment option, and reported net proceeds of approximately $9.5 million after underwriting discounts and offering expenses. CPS states that it intends to use these proceeds for general corporate purposes, which may include working capital, capital expenditures, and the expansion of production capacity to meet customer demand, including through a local move to a larger facility.
In its earnings announcements, CPS has highlighted periods of record revenue and a return to profitability, attributing improvements to higher production rates, increased shipments, and greater production efficiencies. The company also points to strong demand for its core product lines and describes a pipeline of government-funded research programs as contributing to a portfolio of market-driven technology. While specific financial figures are time-bound and subject to change, these disclosures indicate a strategic emphasis on scaling production capabilities and improving margins.
Stock listing and regulatory disclosures
According to its SEC filings, CPS Technologies Corp. common stock, with a par value of $0.01 per share, is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on the Nasdaq Capital Market under the symbol CPSH. The company files periodic reports, including Forms 10-K and 10-Q, as well as current reports on Form 8-K, which cover topics such as financial results, capital raises, and significant contracts. These filings provide detailed information on the company’s operations, risk factors, and financial condition.
CPS has also reported corporate governance and leadership developments, such as the planned retirement of its Chief Financial Officer in a future period, with a search for a successor to be conducted and a transition anticipated. Such disclosures illustrate the company’s use of SEC filings to communicate material corporate events to investors.
Position within the manufacturing and electronics ecosystem
Within the Other Electronic Component Manufacturing category, CPS distinguishes itself by emphasizing high-performance materials and components that support electrification, thermal management, and structural performance in demanding applications. Rather than focusing on consumer-facing products, the company’s disclosures center on components and materials that become part of larger systems—such as power modules for high-speed rail, grid infrastructure, and defense-related platforms.
CPS repeatedly underscores its commitment to supporting customers in building solutions for the transition to clean energy and in addressing complex engineering challenges. Its combination of manufacturing capabilities, proprietary processes, and participation in government-funded research programs positions it as a specialized participant in advanced materials and electronic component manufacturing.
Vision and strategic themes
The company’s stated vision—“To pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges”—summarizes the themes that appear across its public communications: high-performance materials, support for electrification and clean energy, and applications in transportation, energy, aerospace, and defense. CPS highlights both commercial contracts, such as its agreement with a multinational semiconductor manufacturer, and research contracts with U.S. government agencies as key elements of its strategy.
Investors researching CPSH stock can review the company’s SEC filings for detailed financial and risk information, and its press releases for updates on contracts, research awards, and operational milestones. All forward-looking statements made by the company are subject to the risks and uncertainties described in its filings.
Stock Performance
Latest News
SEC Filings
Financial Highlights
Upcoming Events
Year-end 2025 earnings call
Short Interest History
Short interest in Cps Technologie (CPSH) currently stands at 54.2 thousand shares, down 27.6% from the previous reporting period, representing 0.4% of the float. Over the past 12 months, short interest has decreased by 73.4%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Cps Technologie (CPSH) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 77.4% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 11.6 days.