NORTON, Mass., Jan. 15, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) has been awarded a new Phase I Small Business Innovative Research (SBIR) contract from the U.S. Army, which will begin in late January. Under the agreement, CPS will develop ultra-low temperature sintered ceramic materials that are lightweight yet strong. The intent is to provide the U.S. Army with electromagnetic protection materials that are conformable to artillery shell geometries. The research effort will be six months in duration and is valued at $250,000. This award also represents the first funded proposal for Mechanical Engineer Marinos Blanas, who is now the fourth CPS researcher to garner SBIR

NORTON, Mass., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced the appointment of I. James Cavoli to its Board of Directors. Jim currently serves as president of Swagelok Company, a worldwide manufacturer of fluid system components and engineered assemblies. Jim was appointed chief operating officer of Swagelok Company in 2020 and named president in 2021. During his tenure as president, Jim grew the company's market cap by 75%. Prior to that he served as vice president, distributor support services. In 2010, Jim joined Swagelok Company as director, strategic sales and was named vice president and chief financial officer in 201

NORTON, MA / ACCESSWIRE / November 14, 2024 / CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it will participate in the upcoming Investor Summit Microcap Virtual Conference on November 21, 2024. The Company will be available for one-on-one meetings throughout the day, in addition to a general presentation. Additional details are below.Event: Investor Summit Microcap ConferencePresentation Time: 4:00pm - 4:30pm ETLocation: https://www.webcaster4.com/Webcast/Page/3075/5166840 microcap companies with a catalyst for growthLive Q & AComplimentary to qualified investors. Please REGISTER HERE.About CPSCPS is a technology and manufacturing leader in producing high

NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions. This agreement, though cancelable by either party, enables both parties to continue discussions about future volume and price requirements while near-term production needs are met. Deliveries are scheduled to take place over a twelve-month period starting in the current month, with volumes that represent a significant increase over the prior four quarters. The components will be employed primarily in high-

NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal third quarter ended September 28, 2024. Third Quarter Summary Revenue of $4.2 million for the third quarter of 2024 versus $6.3 million in the prior-year period, reflecting lower overall shipments due to the previously-announced end of the Company's HybridTech Armor® contract with Kinetic Protection for the U.S. NavyGross margin of (12) percent versus 20 percent in the third quarter of 2023, largely reflecting lower manufacturing efficiencies as well as start-up costs tied to hiring and training of a third shift, the ben

NORTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) today released instructions for its third quarter 2024 investor conference call which will be held on Thursday October 31, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company's financial results for the quarter ended September 28, 2024. Those interested in participating in the conference call should dial: 1-844-943-2942 Participant Passcode: 475242 About CPSCPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our produ

NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded its second Phase II SBIR contract this year. This award, from the U.S. Department of Energy, will provide funding of $1.1 million over 24 months for CPS to continue its development effort for "Modular Radiation Shielding for Transportation and Use of Microreactors." The Company's Phase II effort will again be led by materials scientist Matthew Karnick, who served as the principal investigator during the successful Phase I project. "For the second time since June, we have received a Phase II SBIR award. This is great recognition for

NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in the second quarter of 2023, largely reflecting lower manufacturing efficiencies and impact of fixed costs on lower revenue. Operating loss of $1.3 million for the quarter en

NORTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) today released instructions for its second quarter 2024 investor conference call which will be held on Thursday August 1, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company's financial results for the quarter ended June 29, 2024. Those interested in participating in the conference call should dial: 1-844-943-2942 Participant Passcode: 467630 About CPSCPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and inte

NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR). With funding of more than $1 million over 30 months, CPS will continue its development of novel metal matrix composites (MMCs) for thermal energy storage to address the requirements of NAVAIR's Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program. "We are very pleased that our novel approach has exhibited the potential to solve a critical technical challenge for the Department of Defense," said Brian Mackey, President and CEO. "Also, this

NORTON, Mass., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced the appointment of I. James Cavoli to its Board of Directors. Jim currently serves as president of Swagelok Company, a worldwide manufacturer of fluid system components and engineered assemblies. Jim was appointed chief operating officer of Swagelok Company in 2020 and named president in 2021. During his tenure as president, Jim grew the company's market cap by 75%. Prior to that he served as vice president, distributor support services. In 2010, Jim joined Swagelok Company as director, strategic sales and was named vice president and chief financial officer in 201

NORTON, Mass., July 21, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that Brian Mackey, a seasoned professional with over 20 years of executive leadership experience, has been appointed president and chief executive officer of CPS effective August 14, 2023. His selection comes at the conclusion of an exhaustive search for an appropriate individual following Michael McCormack's resignation in April, after which the Company's CFO, Chuck Griffith, has served as acting president. "We are delighted to welcome Brian Mackey as the Company's new president and chief executive officer," said Frank Hughes, chairman of the Company's board of

NORTON, Mass., May 13, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced that Grant Bennett has decided to retire as president and CEO of the Company effective July 1, 2021. He will continue to serve as a member of the Board of Directors. He will be succeeded as president and chief executive officer by Michael McCormack who is currently the COO. Francis Hughes, Chairman of the Board of Directors, commented, "Grant has served as president and CEO of CPS for the last 29 years, and as a key member of the CPS team for 35 years, having joined the Company within a year of its founding. On behalf of the Board of Directors, shareholders, employees and customers,