NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in ...

Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Delinq ...

About Consumer Portfolio Services, Inc. Investor Relations Contact Las Vegas, Nevada, July 29, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announced that it will hold a conference call on Wednesday, July 31, 2024 at 1:00 p.m. ET to discuss its second quarter 2024 operating results. Danny Bharwani, Chief Financial Officer Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to ind ...

Group 1 - Consumer Portfolio Services, Inc. renewed its two-year revolving credit agreement with Citibank, N.A. on July 11, 2024 [1] - The renewed credit agreement allows CPS to borrow on a revolving basis through July 15, 2026, with an option to repay outstanding loans in full or amortize over a one-year period thereafter [2] - CPS specializes in providing indirect automobile financing to individuals with past credit issues or limited credit histories, primarily purchasing retail installment sales contracts from franchised automobile dealerships [3] Group 2 - The company expects the revolving period of the credit agreement to last for two years, followed by a potential amortization period [4]

TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, and CPS Capital, an entrepreneurial investment firm partnering with businesses and teams to realize their growth goals, are pleased to announce the successful completion of the previously announced goprivate transaction (the "Transaction") pursuant to which, among other things CPS Capital (through an aff ...

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, is pleased to announce that its securityholders approved the special resolution authorizing the previously announced plan of arrangement (the "Arrangement") with CPS Capital (through an affiliate) (the "Purchaser"). Pursuant to the Arrangement, the Purchaser will, among other things, acquire all of the i ...

| --- | --- | --- | --- | --- | --- | --- | |------------|----------------------|---------------|-----------------------|-----------|---------------|--------------| | Note Class | Amount (in millions) | Interest Rate | Average Life (years) | Price | S&P's Rating | DBRS Rating | | A | $197.340 | 5.88% | 0.67 | 99.99551% | AAA | AAA | | B | $58.420 | 5.68% | 1.69 | 99.98558% | AA | AA | | C | $74.980 | 5.76% | 2.39 | 99.97978% | A | A | | D | $44.390 | 6.22% | 3.23 | 99.98085% | BBB | BBB | | E | $61.180 | 8. ...

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. Safe Harbo ...

Core Insights - CPS Technologies Corporation has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) with funding exceeding $1 million over 30 months to develop metal matrix composites for thermal energy storage [1][5] - The AARGM-ER program aims to suppress or destroy enemy air defenses, focusing on mobile, re-locatable integrated air defense targets, and advanced thermal energy storage is crucial for long-range strike capabilities [3][6] Company Developments - During Phase I, CPS successfully demonstrated the use of aluminum and phase-change materials, including nitinol composites, for compact thermal energy storage devices [2] - The University of North Texas will act as a subcontractor during Phase II, leveraging its expertise in nitinol applications [2] - CPS's MMCs are designed to provide advanced thermal energy storage solutions for various applications, including avionics, weapons, and high-pulse power modules, while being lightweight and dimensionally stable [6] Strategic Importance - The contract represents CPS's first Phase II award since renewing its commitment to the federal government's SBIR/STTR programs, highlighting the company's ability to execute its long-term growth strategy through advanced product development [5] - CPS's products address critical needs across multiple sectors, including electric vehicles, wind turbines, and defense applications, emphasizing its role as a technology and manufacturing leader [6]

Core Viewpoint - CloudMD Software & Services Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote "FOR" the proposed go-private transaction with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, highlighting the strategic and financial benefits of the Arrangement [13][14][6]. Company Overview - CloudMD is a North American healthcare service provider focused on empowering healthier living through advanced technology and a national network of healthcare professionals [4][10]. - The company offers health and productivity tools to hospitals, clinics, and other healthcare service providers to enhance care delivery [11]. Meeting and Voting Details - A special meeting for securityholders will be held on June 27, 2024, at 10:00 a.m. (Toronto time) via audio webcast [16]. - Securityholders are encouraged to read the management information circular dated May 29, 2024, and vote before the proxy deadline of June 25, 2024, at 10:00 a.m. [7][8]. Advisory Firm Recommendations - The ISS report emphasizes that the Arrangement provides certain and immediate value to investors, which may not have another opportunity for liquidity [6]. - Both ISS and Glass Lewis's endorsements validate the belief that the Arrangement is in the best interests of shareholders [14]. Board Recommendation - The board of directors of CloudMD unanimously recommends that shareholders and optionholders vote "FOR" the Arrangement [15].