CPS Technologies Secures New Defense Contract for Warhead Development
CPS Technologies Corp. (NASDAQ: CPSH) proudly announces its recent achievement of a Phase II Small Business Technology Transfer (STTR) contract to further develop controlled fragmentation warheads. This announcement follows the successful outcomes of a previous Phase I program funded by the U.S. Army Combat Capabilities Development Command (DEVCOM). The new contract provides $1.15 million in funding aimed at enhancing the capabilities of a 40mm tungsten warhead, demonstrating the company's commitment to meeting intricate military requirements.
Significance of the Phase II Contract
The award of this contract is a significant milestone for CPS Technologies, marking its fifth federally funded project launched in 2025 and highlighting the successful transition of its third Phase I initiative to Phase II since mid-2024. This achievement not only reflects the company's strategic focus on innovation but also reinforces its position within the defense sector.
Leadership and Innovation
Dr. Mark Occhionero, PhD, will lead this project as the principal investigator. Over nearly 40 years, he has significantly influenced CPS Technologies by refining their proprietary injection molding process, allowing for the production of intricate tungsten features essential for modern warhead design. This innovative approach stands out as a cost-effective solution compared to traditional machining methods, enabling greater precision in delivering reliable warhead functionalities.
Comments from Leadership
Brian Mackey, President & CEO of CPS Technologies, shared his enthusiasm regarding the new contract: "We are thrilled to advance this work in support of the U.S. military's requirements. The initial Phase I effort delivered very promising results under Dr. Occhionero's guidance. With this contract, the prototypes we develop will undergo rigorous testing to meet the Army's demanding performance standards."
Partnership with EMRTC
Collaborating with CPS on this contract will be the New Mexico Institute of Mining and Technology and its Energetic Materials Research and Testing Center (EMRTC), recognized internationally for its commitment to artillery research and testing. This partnership will leverage both parties' expertise to enhance the project outcomes.
About CPS Technologies
CPS Technologies Corp. is at the forefront of technology and manufacturing, specializing in high-performance material solutions. Their innovation addresses a broad array of applications, including electric vehicles, Navy ships, and clean energy solutions. The vision of CPS is to pioneer the next generation of materials, tackling the most challenging engineering problems faced today.
Future Outlook
The award of this STTR contract signifies not only the dedication of CPS Technologies to their mission but also their strategic roadmap for 2025 and beyond. As they navigate the complexities of defense requirements, the Company's commitment to excellence and innovation will be instrumental in driving this vision forward.
Frequently Asked Questions
What does CPS Technologies specialize in?
CPS Technologies specializes in high-performance material solutions for various applications, including defense, electric vehicles, and energy solutions.
What is the main goal of the awarded Phase II STTR contract?
The main goal of this contract is to further the development of a controlled fragmentation tungsten warhead, ensuring it meets military standards.
Who is leading the Phase II project?
Dr. Mark Occhionero, PhD, is leading the Phase II project, leveraging his expertise in CPS's proprietary injection molding process.
What institutions are partnering with CPS Technologies for this project?
The New Mexico Institute of Mining and Technology, specifically its Energetic Materials Research and Testing Center (EMRTC), is partnering with CPS Technologies as a subcontractor.
What is CPS Technologies’ vision for the future?
The company's vision is to pioneer the next generation of high-performance materials and solve tough engineering challenges across various industries.
