ONSS Onassis Holdings Corporation (PK)

CPS Technologies Appoints Exclusive Sales Rep in Israel

NORTON, MA--(Marketwired - Jan 29, 2014) -  CPS Technologies Corporation (OTCQB: CPSH) is pleased to announce that it has hired Rami Lotem as its exclusive sales representative in Israel. 

Cheryl Oliveira, Vice-President of Sales for CPS, said, "We are very excited about this new partnership with Rami. We have long been interested in finding the right person to introduce our technology and products to the Israeli marketplace. Our market studies indicate that our ability to meet increasing needs in thermal management will be particularly well received in Israel -- especially in the high technology and military sectors." Ms. Oliveira went on to say, "Rami's technical background, experience working in the U. S. and his extensive contacts in Israel qualify him to develop this high potential market for CPS's products."

Mr. Lotem's background includes having served as the Vice-President of Business Development for Zohar Dalia in Israel and as a Senior Associate for Boston MedTech Advisors in the U.S. His educational background includes a B.Sc. in Chemistry from Tel Aviv University and an M.B.A. from Haifa University.

About CPS CPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines. They are also used as heatspreaders in internet switches, routers and high-performance microprocessors. CPS also develops and produces metal-matrix composite armor.

CPS Technologies Corporation Ralph Norwood Chief Financial Officer 111 South Worcester Street Norton, MA 02766 Telephone: (508) 222-0614 Web Site: www.alsic.com