Demonstrates Continued Growth of Market Demand
CPS Technologies Corp. (NASDAQ: CPSH) (“CPS” or the “Company”) today announced it has concluded negotiations on a contract valued at approximately $15.5 million from a longstanding, multinational semiconductor manufacturer. Under the terms of the agreement, the company will deliver advanced power module components over the 12-month period which began October 1, 2025.
The order represents a 16.5% year-over-year increase in business from the customer, reflecting expanded demand for CPS’ high-performance, application-specific solutions. The components will be integrated into systems supporting high-speed rail as well as energy and grid infrastructure. Additional terms were not disclosed.
“We’re very encouraged by the continued momentum in our aluminum silicon carbide product line,” said Brian Mackey, President & CEO of the company. “This expanded engagement with a globally respected partner underscores the rising demand we’re seeing across the industrial, energy, and mobility sectors. The company remains focused on delivering performance-driven solutions that help customers meet growing needs, particularly in electrification, transportation, and energy.”
Mackey added, “This latest contract reflects the strength of our customer relationships and CPS’ expanding role in powering next-generation technologies. Orders such as these affirm our plan to relocate to a larger and more efficient production facility, which is enabled by our recent capital raise. We’re excited to build on this momentum and drive further growth in the quarters ahead.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
