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CPS Technologies Corporation Announces Navy SBIR Phase II Award
NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has been awarded
About this update from Cps Technologies Corp.
[{"type":"text","content":"NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR). With funding of more than $1 million over 30 months, CPS will continue its development of novel metal matrix composites (MMCs) for thermal energy storage to address the requirements of NAVAIR’s Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program. “We are very pleased that our novel approach has exhibited the potential to solve a critical technical challenge for the Department of Defense,” said Brian Mackey, President and CEO. “Also, this contract represents our first Phase II award since we recently renewed our commitment to the federal government’s SBIR/STTR programs. It further illustrates CPS’ ability to successfully execute our long-term growth strategy through advanced product development driven by the needs of our customers.” During the Phase I effort, CPS successfully demonstrated the use of aluminum and phase-change materials – including composites comprised of nickel titanium, also known as nitinol – for compact thermal energy storage devices. The University of North Texas, with expertise in the application of nitinol as a phase change material, will act as a subcontractor during Phase II. Upon successful completion, in addition to supporting the AARGM-ER program, CPS will leverage the aluminum-nickel titanium (Al-NiTi) composites for relevant aerospace, defense, and automotive applications. Mackey continued, “In response to the customer’s requirements, our MMCs provide cutting-edge thermal energy storage with potential applications that include avionics, weapons, and high-pulse power modules. These CPS composites are lightweight, dimensionally stable materials that can reduce the size and weight of energy storage systems while providing a more durable and easier-to-manage solution relative to legacy materials.” The mission of the AARGM-ER program is the suppression and/or destruction of enemy air defenses. Its primary targets are mobile, re-locatable integrated air defense targets. AARGM-ER provides long-range, precision strike capability that enables pilots to remain outside of lethal engagement ranges. Advanced thermal energy storage is a key element of long-range st...