CPS Technologies Receives SBIR Award
First from the U.S. Department of Energy
NORTON, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy, its first such grant from this agency. The study, entitled “Modular Radiation Shielding for Transportation and Use of Microreactors,” will be led by Matthew Karnick, a materials scientist at the Company.
“I am very pleased to announce this new phase I SBIR,” said Brian Mackey, President & CEO of CPS. “It is our fifth SBIR/STTR award since such work became a priority for CPS a little over a year ago. More importantly, it represents our first award from the U.S. Department of Energy, which demonstrates the relevance of our capabilities to the diverse needs of various federal agencies. I’m confident that CPS’ renewed focus on R&D will have a positive impact on our future growth. In addition, I’m very excited to recognize Matthew Karnick as the third CPS materials scientist to receive an award of this nature.”
About CPS
CPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and intellectual property include critical pieces of the technology puzzle for electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, the smart electric grid, 5G infrastructure, and others. CPS’ armor products provide exceptional ballistic protection and environmental durability at a very light weight. CPS is committed to innovation and to supporting our customers in building solutions for the transition to clean energy.
Safe Harbor
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CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766
Investor Relations:
Chris Witty
646-438-9385
