Stock market information for CPS Technologies Corporation (CPSH)
- CPS Technologies Corporation is an equity in the USA market.
- The price is 4.53 USD currently with a change of -0.22 USD (-0.05%) from the previous close.
- The latest open price was 4.73 USD and the intraday volume is 140,980.
- The intraday high is 4.85 USD and the intraday low is 4.48 USD.
- The latest trade time is Friday, February 20, 17:15:00 PST.
Background
CPS Technologies Corporation, established in 1984 and headquartered in Norton, Massachusetts, specializes in advanced material solutions, particularly metal matrix composites (MMCs). The company's mission is to enhance the performance and reliability of systems across various industries, including transportation, automotive, energy, computing, telecommunications, aerospace, defense, and oil and gas. CPS Technologies is recognized for its innovative approach to thermal management and structural applications, offering products that improve thermal conductivity, thermal expansion matching, stiffness, and reduce weight. In March 2007, the company rebranded from Ceramics Process Systems Corporation to CPS Technologies Corporation.
Key Strategic Focus
CPS Technologies focuses on developing and manufacturing MMCs, with a particular emphasis on Aluminum Silicon Carbide (AlSiC) composites. These materials are integral to applications such as motor controllers in electric trains, subway cars, wind turbines, hybrid and electric vehicles, and various microelectronic systems. The company's strategic objectives include:
- Product Development and Commercialization: Advancing MMC technologies to meet the evolving needs of high-performance applications.
- Diversification of Markets: Expanding presence in sectors like aerospace, defense, clean energy, transportation, and telecommunications.
- Operational Excellence: Enhancing manufacturing capabilities to support growing demand and maintain product quality.
Financials and Funding
CPS Technologies has demonstrated significant financial growth in recent years. In the third quarter of 2025, the company reported record revenues of $8.8 million, more than doubling the previous year's figures. This growth was driven by increased demand across various sectors and the successful acquisition of key contracts, including a substantial $15.5 million agreement with a global semiconductor manufacturer. To support this expansion, CPS Technologies completed a secondary public offering in late 2025, raising over $9.5 million in net proceeds. These funds are earmarked for relocating to a larger manufacturing facility to accommodate increased production needs.
Pipeline Development
CPS Technologies is actively engaged in developing advanced MMC products for several high-growth markets:
- Electric Vehicles (EVs): Supplying baseplates for motor controllers used in EVs, contributing to the electrification of transportation.
- Aerospace and Defense: Providing hermetic packages for radar, satellite, and avionics applications, as well as armor solutions for naval and military use.
- Telecommunications: Offering lids and heat spreaders for internet switches and routers, enhancing the performance of communication infrastructure.
The company is also pursuing research and development initiatives in collaboration with government agencies, including multiple Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) contracts, to advance technologies in defense and energy sectors.
Technological Platform and Innovation
CPS Technologies distinguishes itself through proprietary manufacturing processes for MMCs:
- QuickSet™ Injection Molding: A net-shape fabrication process that efficiently produces both the composite material and the desired product geometry in a single step.
- QuickCast™ Pressure Infiltration: An infiltration process that enhances the material properties of MMCs, making them suitable for high-performance applications.
These technologies enable the production of components with superior thermal conductivity, thermal expansion matching, and mechanical properties, catering to mission-critical systems.
Leadership Team
CPS Technologies is led by a team of experienced professionals:
- Brian Mackey: President and CEO, with a background in leading technology companies and a focus on strategic growth and operational efficiency.
- Charles K. Griffith, Jr.: Chief Financial Officer, responsible for overseeing financial operations and strategic financial planning.
- Daniel Barton: Vice President of Operations, managing manufacturing processes and ensuring product quality.
- Francis J. Hughes, Jr.: Chairman of the Board, providing strategic guidance and governance oversight.
The leadership team is committed to driving innovation and expanding CPS Technologies' market presence.
Competitor Profile
CPS Technologies operates in a competitive landscape with several key players:
- Denka Company Limited: A Japanese firm producing metal matrix composites, competing directly with CPS Technologies in the AlSiC market.
- Materion Corporation: An American company offering advanced materials, including high-performance beryllium-based MMCs, with a strong presence in defense sectors.
- Hexcel Corporation: Specializes in advanced composites for aerospace and industrial markets, presenting competition in composite materials.
- Morgan Advanced Materials: Provides a range of high-performance materials and components, including advanced ceramics, serving various industries.
CPS Technologies differentiates itself through its proprietary manufacturing processes and focus on high-reliability applications, positioning it uniquely in the market.
Strategic Collaborations and Partnerships
The company has engaged in several strategic collaborations:
- U.S. Department of Energy’s Office of Nuclear Energy: Awarded a Phase I SBIR contract to develop advanced materials for nuclear energy applications.
- U.S. Army: Secured a Phase II STTR contract to continue the development of controlled fragmentation warheads, showcasing expertise in defense applications.
- Triton Systems, Inc.: Entered into a licensing agreement for Fiber-Reinforced Aluminum Composites, aiming to advance lightweight material solutions across industries.
Operational Insights
CPS Technologies' strategic considerations include:
- Market Position: Leveraging proprietary technologies to maintain a competitive edge in the MMC market.
- Competitive Advantages: Utilizing advanced manufacturing processes to produce high-quality, cost-effective components.
- Operational Challenges: Managing the transition to a larger manufacturing facility to meet increasing demand while maintaining operational efficiency.
Strategic Opportunities and Future Directions
The company's strategic roadmap focuses on:
- Market Expansion: Entering new sectors such as clean energy and telecommunications to diversify revenue streams.
- Product Innovation: Developing new MMC applications to address emerging market needs.
- Operational Scaling: Enhancing manufacturing capabilities to support growth and improve profitability.
CPS Technologies' strengths in advanced materials and proprietary manufacturing processes position it well to capitalize on these opportunities.
