Group 1: New Contracts and Developments - CPS Technologies Corp. has been awarded a Phase I Small Business Innovation Research (SBIR) contract from the U.S. Army, focusing on optimizing binder jet additive manufacturing for producing dense refractory tungsten alloys [1] - The new SBIR contract is valued at 100,000, with potential for follow-on orders based on successful test results [2] Group 2: CEO Insights and Market Demand - CEO Brian Mackey expressed enthusiasm about expanding the product portfolio and highlighted the significance of the radiation shielding purchase order as a validation of market demand [3] - The company has initiated its Phase II development effort with ongoing SBIR funding from the Department of Energy, indicating a strong commitment to innovation in radiation shielding [3] - The recent SBIR contract supports the U.S. Army's material needs, particularly for advanced munitions, showcasing CPS's alignment with defense sector requirements [3] Group 3: Company Overview - CPS is recognized as a technology and manufacturing leader in high-performance materials solutions, addressing critical needs across various applications including electric vehicles, wind turbines, and military applications [4] - The company's products are designed for exceptional ballistic protection and environmental durability while maintaining a lightweight profile [4] - CPS is committed to innovation and supporting the transition to clean energy through its advanced material solutions [4]
CPS Technologies Awarded Army Phase I SBIR Contract to Advance Additive Manufacturing for Military Munitions