CPS TECHNOLOGIES CORP

CPS Technologies Corp. (Nasdaq: CPSH) is a Massachusetts-based advanced materials company founded in 1984 and publicly listed since 1987. The company designs, manufactures, and sells high-performance material solutions for global customers across diverse markets including transportation, energy, automotive, electronics, telecommunications, aerospace, and defense. The company website is http://www.cpstechnologysolutions.com.

CPS possesses significant proprietary expertise in metal matrix composites (MMCs), custom-engineered materials that combine metals and ceramics to deliver superior performance properties including improved thermal conductivity, stiffness, durability, lighter weight, and thermal expansion matching. The company's MMC products are used in high-speed trains, mass transit systems, HVDC power systems, electrical infrastructure, internet equipment, electric and hybrid vehicles, wind turbines, satellites, and NASA Mars rovers.

The company operates three primary business segments. Metal Matrix Composites represent the largest segment, producing custom AlSiC components for thermal management applications, particularly baseplates and heat spreaders for power semiconductors in motor control modules. Hermetic Packaging products serve high-reliability communications and power modules for avionics and satellite applications, including GPS systems and housings for high-performance microprocessors. HybridTech Armor products utilize MMC technology to deliver lightweight, high-strength ballistic protection for defense applications, including crew-served weapons stations on U.S. Navy aircraft carriers.

In 2025, approximately 81 percent of revenues derived from commercial applications and 19 percent from defense-related applications. The company's three largest customers accounted for 39 percent, 13 percent, and 12 percent of revenues respectively. CPS maintains a strong focus on research and development, actively participating in U.S. government Small Business Innovation Research and Small Business Technology Transfer programs since 2022, securing multiple Phase I and Phase II awards that strengthen the intellectual property portfolio.

As of December 27, 2025, CPS employed 117 permanent full-time employees engaged in manufacturing, engineering, sales, and administration, supplemented by approximately 33 temporary manufacturing personnel. All operations are located in leased facilities in Norton, Massachusetts comprising approximately 38 thousand square feet. The company maintains a build-to-order manufacturing model emphasizing technical differentiation, quality, and reliability to serve leading OEMs in demanding, technology-driven markets.