NORTON, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal fourth quarter ended December 30, 2023. Fourth Quarter Highlights Revenue of $6.7 million for the fourth quarter of 2023 versus $6.1 million in the prior-year period, primarily due to growth in shipments Gross margin of 17.0 percent versus 26.6 percent in the... Read More

NORTON, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS”) and Triton Systems, Inc. (“Triton”) today announced they have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites ® . Under the agreement, CPS has acquired the global, exclusive right to manufacture and sell products made using Triton’s FRA Composite technology. Triton possesses robust... Read More

NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023. The award, valued at $200,000, will support the purchase of a 5-axis CNC machine and expand the Company’s manufacturing... Read More

NORTON, Mass., March 01, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its fourth quarter 2023 investor conference call which will be held on Thursday March 7, 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 December 30, 2023. Those interested in... Read More

NORTON, Mass., Nov. 28, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it will participate in the Virtual Investor Summit conference, open to institutional investors, on December 7. A general presentation, to be webcast live, will be held at 10:00 am Eastern. Event: Investor Summit Presentation: December 7th, 2023 @ 10:00 AM ET Location:... Read More

NORTON, Mass., Nov. 01, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal third quarter ended September 30, 2023. Third Quarter Highlights Revenue of $6.3 million for the third quarter of 2023 versus $6.7 million in the prior-year period, reflecting a shift in certain orders into the fourth quarter, as previously discussed Gross... Read More

NORTON, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its third quarter 2023 investor conference call which will be held on Thursday November 2, 2023 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 30, 2023. Those interested in... Read More

NORTON, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy, its first such grant from this agency. The study, entitled “Modular Radiation Shielding for Transportation and Use of Microreactors,” will be led by Matthew Karnick, a materials... Read More

NORTON, Mass., Sept. 05, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received an award, valued at approximately $7.7 million, from a major, longstanding customer to provide power module components and related solutions. Deliveries will take place over a twelve-month period starting in the fourth quarter of this year, with the contract representing a... Read More

NORTON, Mass., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal second quarter ended July 1, 2023. Second Quarter Highlights Revenue of $7.4 million for the second quarter of 2023 versus $7.1 million in the prior-year period Gross margin of 29.6 percent, up 370 basis points from the second quarter of 2022 Operating profit of... Read More

NORTON, Mass., July 28, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its second quarter 2023 investor conference call which will be held on Thursday, August 3, 2023 at 9:00 A.M. (Eastern). Brian Mackey, incoming President and CEO, Chuck Griffith, Acting President and Chief Financial Officer, and Anthony Koski, Corporate Development Officer, will discuss the Company’s financial... Read More

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... Read More

NORTON, Mass., June 20, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it received an additional follow-on purchase order, valued at $1.4 million, for HybridTech Armor® panels from Kinetic Protection, the U.S. Navy’s prime contractor. The panels are an integrated component of advanced ballistic shields developed in support of protection system upgrades on Naval... Read More

NORTON, Mass., May 08, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it will participate in the Sidoti Microcap Virtual Conference on May 10 and 11, 2023. A general presentation by management will be held at 10:45 a.m. Eastern on May 11, with one-on-one calls scheduled throughout the day; institutional investors are encouraged to contact Sidoti directly or... Read More

NORTON, Mass., May 04, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended April 1, 2023. First Quarter Highlights Revenue of $7.1 million for the first quarter of 2023 versus $6.7 million in the prior-year period Gross margin of 31.6 percent, up 210 basis points from the first quarter of 2022 Operating profit of... Read More

NORTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its first quarter 2023 investor conference call which will be held on Thursday May 4, 2023 at 4:30 P.M. (Eastern). Chuck Griffith, Acting President and Chief Financial Officer and Anthony Koski, Corporate Development Officer, will discuss the Company’s financial results for the quarter ended April 1, 2023.... Read More

NORTON, Mass., April 21, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced that Michael McCormack has resigned as president and CEO of the Company. Michael McCormack’s resignation is effective April 21, 2023. Francis Hughes, Chairman of the Board of Directors, commented, “Since joining CPS in January 2021, and becoming president and CEO in July 2021, Michael McCormack has accomplished a... Read More

NORTON, Mass., April 04, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) has been awarded a Phase I Small Business Innovative Research (SBIR) contract from the U.S. Army to develop lightweight, reconfigurable UH-60 flooring. CPS will develop a structural armor floor system for the UH-60 fleet that reduces aircraft weight while maximizing mission configuration flexibility. CPS will design and fabricate a... Read More

NORTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) announced today that the company has secured $5.0M in purchase orders for hermetic packages from a leading Aerospace electronics manufacturer in support of both U.S. space missions and high-volume production tactical programs. CPS provides Class-H and Class-K hermetic packages subjected to the harshest of environments, such as the... Read More

NORTON, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.1 million and an operating profit of $309 thousand for the quarter ended December 31, 2022. This compares with revenues of $6.2 million and an operating profit of $312 thousand for the quarter ended December 25, 2021. For the year ended December 31, 2022 revenues were $26.6 million with an operating... Read More

NORTON, Mass., Feb. 27, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its year end 2022 investor conference call which will be held on Tuesday March 7, 2023 at 4:30 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the year ended December 31, 2022. Those... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.7 million and an operating profit of $709 thousand for the quarter ended October 1, 2022. This compares with revenues of $5.5 million and an operating loss of $88 thousand for the quarter ended September 25, 2021. Michael McCormack, President and CEO, said: “We are pleased to report strong revenues in the third quarter of 2022 an increase of 22% over... Read More

CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its third quarter 2022 investor conference call which will be held on Wednesday, November 2, 2022 at 4:30 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the quarter ended October 1, 2022. Those interested in participating in the conference... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced the company has received an additional follow-on purchase order valued at $8.8M for HybridTech Armor® panels from Kinetic Protection, the Navy’s prime contractor. The panels are an integrated component of advanced ballistic shields developed in support of ballistic protection system upgrades on U.S. Navy Aircraft Carriers and other surface ships. This recent purchase... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $7.1 million and an operating profit of $669 thousand for the quarter ended July 2, 2022. This compares with revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021. Michael McCormack, President and CEO, said: “We are pleased to report that revenues in the second quarter of 2022 were the highest in the... Read More

CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its second quarter 2022 investor conference call which will be held on Friday, August 5, 2022 at 9:00 A.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the quarter ended July 2, 2022. Those interested in participating in the conference call... Read More

CPS Technologies Corporation (NASDAQ:CPSH) has been awarded a Small Business Innovation Research (SBIR) contract from the US Army - Aviation and Missile Command (AMCOM) to develop novel thermal management solutions for electronic systems in Future Vertical Lift (FVL) platforms. CPS will leverage additive manufacturing to fabricate high-surface area, aluminum, cooling structures that are printed on and fully integrated with... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.7 million and an operating profit of $547 thousand for the quarter ended April 2, 2022. This compares with revenues of $4.9 million and an operating profit of $36 thousand for the quarter ended March 27, 2021. Michael McCormack, President and CEO, said: “We are delighted to report that revenues in the first quarter 2022 were the highest in the... Read More

CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its first quarter 2022 investor conference call which will be held on Wednesday, May 4, 2022 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the quarter ended April 2, 2022. Those interested in participating in the conference call... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.2 million and an operating profit of $312 thousand for the quarter ended December 25, 2021. This compares with revenues of $4.2 million and an operating loss of $291 thousand for the quarter ended December 26, 2020. For the year ended December 25, 2021 revenues were $22.4 million with an operating profit of $513 thousand. This compares to revenue of... Read More

CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its year end 2021 investor conference call which will be held on Thursday, March 3, 2022 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the quarter and year ended December 25, 2021. Those interested in participating in the... Read More

CPS Technologies Corporation (NASDAQ:CPSH) announced today that several recent contract awards have resulted in Fiscal Year 2021 orders to date of more than $37 million. “We are pleased to share that the entire business continues to expand at a growth rate in excess of our plans”, said President and CEO Michael McCormack. He added, “The $37M in orders exceeds the combined bookings of the two previous fiscal years, and our... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.5 million and an operating loss of $88 thousand for the quarter ended September 25, 2021. This compares with revenues of $4.5 million and an operating profit of $253 thousand for the quarter ended September 26, 2020. Michael McCormack, President and CEO, said: “Revenues in the third quarter 2021 showed significant improvement over revenues in the third... Read More

CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, October 27, 2021 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the three and nine months ended September 25, 2021. Those interested in participating in... Read More

CPS Technologies Corp. (Nasdaq:CPSH), announced today that several recent contract awards have resulted in over $11 million in orders this year for a variety of Hermetic Packages offered by CPS. Michael McCormack, President and Chief Executive Officer of CPS, said, “All three of our product lines continue to perform well. In particular, the performance of the Hermetic Package product line continues to achieve record results... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021. This compares with revenues of $5.8 million and an operating profit of $331 thousand for the quarter ended June 27, 2020. Michael McCormack, President and CEO, said: “The impact of the pandemic on CPS’s business continues to subside. Revenues in the second quarter... Read More

CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, July 28, 2021 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the three and six months ended June 26, 2021. Those interested in participating in the... Read More

CPS Technologies Corporation (Nasdaq:CPSH), a world leader in combining metals and ceramics to create advanced metal matrix composites to improve performance and reliability in a variety of electrical system applications, is pleased to announce the addition of Timothy Davis as a Strategic Account Manager. According to Cheryl Oliveira, CPS Technologies VP of Sales “Tim joins CPS with over 20 years of experience in sales... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced the receipt of an additional purchase order for HybridTech Armor® Panels to be installed as part of an integrated ballistic protection system on U.S. Navy Nimitz-class aircraft carriers from Kinetic Protection, the Navy’s prime contractor. The HybridTech Armor® panels are an essential component that protects sailors manning crew-served weapons stations aboard the... Read More

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... Read More

CPS Technologies Corporation (NASDAQ:CPSH) has posted the recording of its April 29, 2021 Investor Call on its website. A brief summary of the call including the minute and second mark in which specific topics are discussed appears below. Grant Bennett introductory comments (1:23) Chuck Griffith discussion of financial results (5:53) Mr. Bennett discussion of “The big picture” (9:30) New Developments - Primary Markets... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $4.9 million and an operating profit of $36 thousand for the quarter ended March 27, 2021. This compares with revenues of $6.5 million and an operating profit of $622 thousand for the quarter ended March 28, 2020. Grant Bennett, President and CEO, said: “As the impact of the pandemic begins to subside, revenues in the first quarter 2021 showed continuing... Read More

CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Thursday, April 29, 2021 at 4:45 P.M. (Eastern). Grant Bennett, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the three months ended March 27, 2021. Those interested in participating in the conference call... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced Dr. Stephen Kachur has joined CPS as a Senior Scientist focused on Product Development. Grant Bennett, CEO, said , “Our new product pipeline is stronger than it has ever been; we seek to both accelerate the movement of products through that pipeline, and increasingly add new products to that pipeline in all three product lines. Steve will greatly assist us in both... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced additional details for its Annual Meeting of Stockholders to be held on April 23, 2021. As stated in the Company’s proxy statement, the meeting will be held at the corporate offices of CPS located at 111 South Worcester Street, Norton, MA 02766 at 10:00 AM (local time). Grant Bennett, President and CEO, said, “The annual meeting will be an in-person meeting. We will... Read More

CPS Technologies Corporation (Nasdaq: CPSH) announces the completion and shipment of several parts to be used in the high-performance spectrometer-based methane sensing system of the MethaneSAT satellite program. MethaneSAT is designed to locate and measure methane from human sources worldwide with much higher sensitivity and spatial resolution and with a far wider field of view than is available with current satellite... Read More

CPS Technologies Corporation (NASDAQ:CPSH) has posted the recording of its February 24, 2021 Investor Call on its website. A brief summary of the call including the minute and second mark in which specific topics are discussed appears below. Grant Bennett introductory comments Introduction of COO, Michael McCormack (1:28) Chuck Griffith discussion of financial results (9:00) Mr. Bennett discussion of “The big picture”... Read More

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $20.9 million and an operating profit of $914 thousand for the year ended December 26, 2020. This compares with revenues of $21.5 million and an operating loss of $597 thousand for the year ended December 28, 2019. For the quarter ending December 26, 2020, revenues were $4.2 million with an operating loss of $291 thousand. For the quarter ending December... Read More

NORTON, Mass., Feb. 19, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, February 24, 2021 at 4:45 P.M. (Eastern). Grant Bennett, President and Chief Executive Officer, and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the three and twelve months ended December... Read More

CPS Technologies Corporation (NASDAQ: CPSH) today announced receipt of a purchase order for HybridTech Armor © Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships. The shields provide ballistic protection for crew-served weapons stations and the sailors manning them. The purchase order covers panels to equip all crew-served weapons stations on one aircraft carrier.... Read More