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CPS Technologies Corporation: CPS Awarded $1.5 Million in Additional Funding for Armor Development

^{Published on 2009-07-29 10:04:18, Last Modified on 2009-07-29 10:04:29 - Market Wire}
 

NORTON, MA--(Marketwire - July 29, 2009) - CPS Technologies Corporation (CPS) (OTCBB: [ CPSH ]) today announced it has received an additional award of $1,473,509 from the Army Research Laboratory to continue the development of manufacturing technologies for large modules of hybrid metal matrix composite armor. This funding fully authorizes the Year 2 Program Plan of the existing Cooperative Agreement. The Agreement is a four-year Agreement, funded by the US Department of Defense Manufacturing Technology Program.

In the first year of the Cooperative Agreement, CPS and ARL worked together to scale up the process for making HybridTech™ modules and to design and install a new large casting unit. CPS fabricated modules in various sizes up to 17" x 32" for testing at ARL within the first year of the Agreement.

CPS HybridTech™ armor modules are comprised of multiple materials completely enveloped within and mechanically and chemically bonded to lightweight and stiff aluminum metal matrix composites. CPS believes that CPS HybridTech™ armor modules offer a lightweight, multi-hit capable and cost competitive alternative to conventional steel, aluminum and ceramic-based armor systems.

ABOUT CPS

CPS serves a portfolio of end markets with advanced material solutions, the most significant solution being metal matrix composites (MMCs). CPS has a proprietary, leading position in MMCs for thermal management of electronic components to increase performance and reliability. CPS products are used in internet routers and switches, motor controllers for hybrid vehicles, electric trains and subway cars, cellular telephone base stations and electricity-generating wind turbines, among other applications. CPS also provides components for structural applications using precision cast aluminum and metal matrix composites.