Core Insights - CPS Technologies Corp. has been awarded a Phase I Small Business Innovation Research (SBIR) contract by the U.S. Army, marking its third contract in 2025, aimed at advancing the Army's Hybrid Electric Powertrain, Power, and Propulsion Systems (HEPPS) initiative [1][2] - The contract provides CPS Technologies with $250,000 in funding for a six-month research effort focused on developing fiber-reinforced aluminum (FRA) components for military vehicles [2] - FRA is expected to significantly reduce wear in hybrid electric systems, extending their lifespan while improving fuel economy and overall system performance [3][4] Company Overview - CPS Technologies is a leader in producing high-performance materials solutions, addressing critical needs in various applications including electric vehicles, wind turbines, and military applications [6] - The company became the exclusive global licensor of FRA technology in March 2024, which is designed for lightweight and wear-resistant applications [4] - CPS is committed to innovation and supporting customers in the transition to clean energy [6] Strategic Partnerships - The partnership with Triton Systems has positioned CPS Technologies to advance FRA technology for military applications, with both companies expressing excitement about the momentum towards market applications [5] - Triton Systems has a history of creating commercial products and independent spin-offs, contributing over $2 billion in shareholder value across its portfolio [7]
CPS Technologies Announces Phase I SBIR Contract from the U.S. Army