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Stock impact report

CPS Technologies Corporation Announces Phase II Award from the Department of Energy

CPS Technologies Corp. (CPSH) 
US:NASDAQ Investor Relations: alsic.com/investors
Company Research Source: GlobeNewswire
NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has been awarded its second Phase II SBIR contract this year. This award, from the U.S. Department of Energy, will provide funding of $1.1 million over 24 months for CPS to continue its development effort for “Modular Radiation Shielding for Transportation and Use of Microreactors.” The Company’s Phase II effort will again be led by materials scientist Matthew Karnick, who served as the principal investigator during the successful Phase I project. “For the second time since June, we have received a Phase II SBIR award. This is great recognition for our team, as it acknowledges our ability to develop and deliver novel yet practical solutions in response to well-defined requirements. We are committed to addressing critical customer needs – in this case, lightweight shielding for nuclear radiation,” said Brian Mackey, President & CEO of CPS. “Th Show less Read more
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