CPSH - CPS Technologies Receives $7.7 Million Award | Benzinga
NORTON, Mass., Sept. 05, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has received an award, valued at approximately $7.7 million, from a major, longstanding customer to provide power module components and related solutions. Deliveries will take place over a twelve-month period starting in the fourth quarter of this year, with the contract representing a 50% increase over the prior four quarters. The systems will be employed primarily in high-speed rail, wind turbines and EV/HEV applications, and the client company is a multinational semiconductor manufacturer based overseas. Additional details were not disclosed.
"I am very pleased to announce this new contract to provide power module components for a longstanding client that sells into many industrial, electronic, and consumer markets worldwide," said Brian Mackey, President & CEO of CPS. "We look ...