CPS Technologies Announces $12 Million Contract with Semiconductor OEM
CPS Technologies Corp. (CPSH)
US:NASDAQ Investor Relations:
alsic.com/investors
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Source: GlobeNewswire
NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions. This agreement, though cancelable by either party, enables both parties to continue discussions about future volume and price requirements while near-term production needs are met. Deliveries are scheduled to take place over a twelve-month period starting in the current month, with volumes that represent a significant increase over the prior four quarters. The components will be employed primarily in high-speed rail, wind turbines and EV/HEV applications. The client company is a multinational semiconductor manufacturer based overseas. “We are very pleased by this noteworthy growth in our core business of aluminum silicon carbide products. We will continue to provide these components to a long
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CPSH
News
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies to Present at Virtual Investor Summit Microcap Event on November 21 [Yahoo! Finance]Yahoo! Finance
- CPS Technologies to Present at Virtual Investor Summit Microcap Event on November 21Accesswire
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
CPSH
Sec Filings
- 11/15/24 - Form 4
- 11/1/24 - Form 8-K
- 11/1/24 - Form 10-Q
- CPSH's page on the SEC website