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Stock impact report

CPS Technologies Corporation Announces Phase II Award from the Department of Energy [Yahoo! Finance]

CPS Technologies Corp. (CPSH) 
US:NASDAQ Investor Relations: alsic.com/investors
Company Research Source: Yahoo! Finance
“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. “This project will enable us to expand our product portfolio and pursue a broader range of commercial opportunities. In addition, these awards are based on manufacturing technologies already in use at CPS, which we are leveraging to pursue customer applications in new markets. We are very excited about this award and what it means for the future of CPS.” During Phase I, CPS successfully developed and tested lightweight, modular radiation shielding which can block both gamma and neutron radiation. Phase II will continue this work for two years, with a focus on further optimizing the material Show less Read more
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