CPS Technologies Corp.

Company overview

Founded in Massachusetts in 1984 as Ceramics Process Systems Corporation; publicly listed on Nasdaq since 1987 and renamed CPS Technologies Corp. in 2007.
Core focus on proprietary metal matrix composite (MMC) technologies and specialized manufacturing processes to deliver high-performance material solutions for demanding markets.
Product portfolio includes MMC components, hermetic packaging, and armor systems.

AlSiC-based components (aluminum silicon carbide) designed for thermal management, reduced weight, and matched coefficient of thermal expansion (CTE) to surrounding components.
Typical shapes: baseplates, lids, substrates, and housings for power electronics and microelectronics modules.
Key processes: Quickset™ Injection Molding (precision, net-shape MMC parts) and QuickCast™ Pressure Infiltration (porous preforms filled to form complex MMCs).
Applications: power modules for high-performance electronics, electric and hybrid vehicles, wind turbines, HVDC stations, data/telecom infrastructure, and aerospace/defense.
Recent development: expanded use of AlSiC with various reinforcements (silicon carbide, boron carbide, tungsten) and a worldwide exclusive license with Triton Systems (announced March 2024) for AlMax (Fiber Reinforced Aluminum) for applications such as helicopter bearing liners.

High-reliability electronic and power-module packaging for aerospace, defense, space, telecommunications, and advanced electronics.
Combines hermetic sealing with MMC bases (including AlSiC) to provide lightweight, thermally effective, sealed packages.
Used in GPS satellites, NASA Mars missions (Mars Perseverance rover), and space/aerospace avionics for mission-critical moisture and contaminant protection.

MMC-based lightweight armor solutions for defense and security applications.
Offers high strength-to-weight ratio, multi-hit capability, and durability in harsh environments (e.g., salt spray, heat).
Target markets: ground vehicles, naval and air platforms, aircraft, and fixed installations.
Selected for U.S. Navy crew-served weapons stations on aircraft carriers; under development for additional platforms, including potential lighter armor for the U.S. Marine Corps ACV program.

Proprietary materials science and manufacturing know-how support MMC designs and integrated system solutions.
Core IP includes Quickset™ Injection Molding and QuickCast™ Pressure Infiltration, with ongoing development through SBIR/STTR programs and patent filings.
Intellectual property: 8 U.S. patents (as of Dec 27, 2025) with international counterparts.
SBIR/STTR engagement: active since 2022; 13 Phase I/II awards to date. Three Phase II programs were active as of Dec 27, 2025 (nuclear radiation shielding, long-range missile thermal management, tungsten fragmentation warhead); additional Phase I and Phase II awards were received in 2025.
Strategic collaboration: exclusive licensing agreement with Triton Systems for FRA-based AlMax material.

Diversified end markets across transportation, energy, automotive, electronics, telecommunications, aerospace, and defense, with emphasis on high-performance, high-reliability applications.
Customer concentration (2025): three largest customers accounted for approximately 39%, 13%, and 12% of revenue (combined ~64%).
Defense/commercial mix (2025): about 19% defense-related; 81% commercial.
Backlog: $26 million as of December 27, 2025, with the majority of orders scheduled to ship in 2026.

Headquarters and manufacturing in Norton, Massachusetts.
Facilities: approximately 38,000 square feet of leased space; triple net lease through February 2028, with an option to buy and a right of first refusal during the term.
2025 workforce: 117 permanent full-time employees (107 in manufacturing/engineering; 10 in sales/admin) plus about 33 temporary agency manufacturing personnel.
Production model: build-to-order, highly customized manufacturing with ongoing investments in automation, training, and process efficiency.
Facility planning: evaluating a move to a larger facility to support growth.
Supply chain: multiple raw material sources (primarily aluminum ingots and ceramic powders); risk management includes long-term supplier relationships and some sole-source vendors for specific processes (e.g., plating).

Sells into aerospace, defense, and export-controlled markets; operations comply with applicable U.S. government regulations, including export controls and cybersecurity requirements.
Cybersecurity considerations include CMMC requirements for handling controlled unclassified information with government customers.