CPS Technologies Corp. Announces $5M in New Hermetic Packaging Business from Key Customers
September 13 2018 - 4:20PM
CPS Technologies Corp. (Nasdaq:CPSH), the world leader in combining
metals and ceramics to improve performance and reliability in
electrical systems, is pleased to announce receipt of purchase
orders, sourcing and pricing agreements with key customers in our
Hermetic Packaging Product Line for use in Aerospace, Defense and
Power Electronics, currently forecast at more than $5M through the
end of 2019.
“The inflow of orders through successful
negotiations of purchase orders and multi-year pricing agreements
with our largest hermetic packaging customers in the United States,
Europe and Asia clearly validates our market focus and is an
affirmation of the superior value proposition our products provide.
These agreements ensure our majority market share position with
these key customers through 2019,” according to Cheryl Oliveira,
CPS Technologies VP of Sales.
Added CPS Technologies Senior VP of Sales &
Marketing Tom Breen, "CPS is pleased with this strong and growing
order flow from both existing and new customers, which supports our
continued growth and sales strategies in these markets based on our
best-in-class product performance, quality and customer
service.”
About CPS Technologies Corporation:
CPS is a global leader in producing metal-matrix
composite components used to improve reliability and performance of
various electrical systems. CPS is a leading supplier of
conventional and AlSiC hermetic packages for military and
commercial applications, focused on DC-DC converters for the Power
Industry. CPS products are also used in motor controllers for
hybrid and electric vehicles, high-speed trains, subway cars and
wind turbines, as well as heat spreaders in internet switches,
routers and high-performance microprocessors. CPS armor products
are used to defeat the most advanced threats to ground, airborne
and naval platforms.
This news release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are based on
management's current expectations and include known and unknown
risks, uncertainties and other factors, many of which we are unable
to predict or control, that may cause our actual results,
performance or achievements to materially differ from those
expressed or implied in the forward-looking statements. Additional
information concerning factors that could cause actual results to
differ materially from those projected in the forward-looking
statements is contained in our filings with the Securities and
Exchange Commission. We assume no duty to update our
forward-looking statements.
CPS Technologies Corporation Ralph Norwood, Chief Financial
Officer 111 South Worcester Street Norton, MA 02766 Telephone:
(508) 222-0614 Web Site: www.alsic.com
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