Cps Technologies Corp. · NASDAQ:CPSH
Cps Technologies — Sidoti Conference (January 2014)
19 slides from Cps Technologies's conference presentation, Jan 15, 2014
Slide 1: CPS Technologies Corporation Overview
reliability with smart composite products CPS Technologies Corporation Overview January 13, 2014
Slide 2: Forward-Looking Statements
reliability with smart composite products Forward - L ooking Statements Statements made in this presentation that are not historical facts or which apply prospectively, are forward - looking statements that involve risks and uncertainties. Investors should not rely on forward looking statements beca
Slide 3: Why Invest?
reliability with smart composite products Why Invest? • Markets - Large & growing (high speed rail, HEV/EV, aerospace/defense, oil and gas) • Technology – Strong, proprietary process technology for combining metals and ceramics • Products – Components which improve performance and reliability (provi
Slide 4: What do we do?
reliability with smart composite products What do we do? Using proprietary process technology, we develop and manufacture advanced materials solutions and products particularly combinations of metals and ceramics to improve the performance and reliability of applications in a variety of end markets.
Slide 5: What are MMCs?
reliability with smart composite products What are MMCs? Ceramic Reinforcement Examples Composite Key Properties Particles (SiC) Thermal Expansion match (CTE) to electronic components (ICs, substrates, etc.) Continuous Fiber (Al 2 0 3 ) Greater strength and stiffness Sintered Ceramics (SiC) Greater
Slide 6: Our History – and Where Are We Today?
reliability with smart composite products Our History – and Where Are We Today? Founded in 1984 as MIT spin - off, IPO in 1987, Symbol CPSH. Research 1984 - 1993 Development 1994 - 1997 Manufacturing 1998 forward 2013 ~$21 M in revenues, solidly profitable, 160 employees Located in Massachusetts; 2/
Slide 7: Financial Highlights
reliability with smart composite products Financial Highlights 2009 2013E 2009 2013E Sales $13MM $21MM Operating Profit $0.2MM $1.5MM (9 mos. annualized) ________________________________________ Cash at 12/31/13 ~ $1.5MM No debt (other than leases) Committed credit line = $2.0MM 50% Traction 25% HEV
Slide 8: Who Buys from CPS?
reliability with smart composite products Who Buys from CPS? Major electronics and automotive OEMs worldwide. Today 2/3 of revenues are from Europe and Asia 8
Slide 9: Current Market Segments
reliability with smart composite products Current Market Segments CPS is the worldwide leader in MMCs in these growth electronics m arkets: • Traction Market: We make components for motor control modules used in high - speed and regular railways, subway cars, and electricity - generating wind turbin
Slide 10: What Pain Do We Solve at our Customers?
reliability with smart composite products What Pain Do We Solve at our Customers? The pain is heat - thermal management – Many electronic applications are limited in reliability and/or performance because of Mismatch in the thermal expansion of components and the inability to remove heat from the as
Slide 11: Motor Control Module for Traction Applications
reliability with smart composite products Motor Control Module for Traction Applications 1.2 - 6.5 KV operation 600 - 3600 Amps 30 year reliability IGBT Module (Insulated Gate Bipolar Transistor) 11
Slide 12: Coefficient of Thermal Expansion (CTE)
reliability with smart composite products Coefficient of Thermal Expansion (CTE) AlSiC Baseplate Substrate Thermal expansion differences between electronics, substrates and baseplates result in increased mechanical stresses that decrease reliability. IGBT IC and Diodes 12
Slide 13: Hybrid and Electric Vehicles (HEV/EV)
reliability with smart composite products Hybrid and Electric Vehicles (HEV/EV) CPS products are found in HEV/EVs produced by: • Mercedes • Audi • Renault • BMW • and several others 13
Slide 14: Current Markets are Growth Markets
reliability with smart composite products Current Markets are Growth Markets Traction Market (High - Speed Trains) • China is driving growth. 50% of world - wide high - speed rail “in service” + “under construction” is in China • China high - speed locomotives in use are projected to double 2011 - 2
Slide 15: Other Electronics Markets with Similar Needs
reliability with smart composite products Other Electronics Markets with Similar Needs 15
Slide 16: New Market Segments
reliability with smart composite products New Market Segments CPS is developing and introducing products for new structural markets: Armor and Blast Protection: The US Army has provided funding for development of lightweight MMC armor for vehicle applications Oil and Gas: We are developing component
Slide 17: Structural MMCs
reliability with smart composite products Structural MMCs 17
Slide 18: Senior Management / Directors
reliability with smart composite products Senior Management / Directors 18 CEO / Pres./ Director Grant Bennett M.S. Sloan/MIT; 25+ yrs at CPS. CFO Ralph Norwood CPA/M.B.A Darden School/ UVa ; 2 yrs at CPS. (Former Controller / VP Treasurer of Polaroid Corp.) CTO / Sr. V.P Rich Adams M.S. MIT/Materia
Slide 19: Why Invest? This is Why!
reliability with smart composite products Why Invest? This is Why! • Markets - Large & growing (high speed rail, HEV/EV, aerospace/defense, oil and gas) • Technology – Strong, proprietary process technology for combining metals and ceramics • Products – Components which improve performance and rel