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CPS Technologies Corporation Receives Significant Hermetic Packaging Order from Industry Leading Aerospace Electronics Manufacturer
NORTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) announced today that the company has secured $5.0M in purchase
About this update from Cps Technologies Corp.
[{"type":"text","content":"NORTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) announced today that the company has secured $5.0M in purchase orders for hermetic packages from a leading Aerospace electronics manufacturer in support of both U.S. space missions and high-volume production tactical programs. CPS provides Class-H and Class-K hermetic packages subjected to the harshest of environments, such as the Low Earth Orbit, Medium Earth Orbit, as well as the Geosynchronous Equatorial Orbit satellites as well as other deep space programs. CPS offers both off-the-shelf and custom Hermetic Packaging solutions, providing our customers with flexibility in materials and bringing the highest levels of reliability across a variety of applications. CPS’s Aluminum Silicon Carbide (AlSiC) hermetic packaging brings tremendous value for payload reduction and reduced launch costs with roughly 50% weight savings over legacy materials while also meeting MIL-STD-883 and MIL-STD-202 specifications. Michael McCormack, CPS President and CEO said: “We are excelling in the execution of our revenue strategy with hermetic packaging expected to continue to be a growing product line for us in FY23. Our technical and business development teams are working together to attract and develop new customers and expand our reach in the Aerospace and Defense market. These orders represent a nearly 100% increase over FY22 sales for this customer and is a direct result of the team’s collective ability to develop and close a growing pipeline of new business opportunities. Coming on the heels of our record setting 2022 results, we believe that we are well on the way to another record setting year for 2023.” The AlSiC hermetic packaging technology prevents corrosion from moisture and enables electronic packages to survive the harshest of environments. CPS products can currently be found on Mars, used by NASA in their Scanning Habitable Environments with Raman & Luminescence for Organics & Chemicals instrument, known as SHERLOC. In addition to the U.S. space mission, CPS hermetic packaging products are embedded in military and commercial avionics systems, ground vehicles, marine applications, and weapons guidance systems. About CPS CPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the e...