CPS Technologies Welcomes I. James Cavoli to the Board

CPS Technologies Welcomes I. James Cavoli to the Board

NORTON, Mass. — CPS Technologies Corp. (NASDAQ:CPSH) has officially announced the addition of I. James Cavoli to its Board of Directors. His extensive industry experience and leadership skills are expected to significantly benefit the company's strategic initiatives. Currently, Jim serves as the president of Swagelok Company, a leading global manufacturer specializing in fluid system components and engineered assemblies. Since becoming chief operating officer in 2020 and later president in 2021, he has been instrumental in achieving a remarkable 75% growth in the company’s market capitalisation, showcasing his prowess in driving business success.

Before his current role, Jim was the vice president of distributor support services. He joined Swagelok in 2010 as a director of strategic sales and took on the role of vice president and chief financial officer in 2014. Jim's career also includes time as a captain in the U.S. Army and various roles in notable companies such as Ford Motor Company and Progressive Insurance. Additionally, he founded LS Insights, a financial brokerage firm, in 2004. With a Bachelor of Science in accounting and international management from Georgetown University, coupled with an M.B.A. from Harvard Business School, Jim's qualifications enhance his capacity to contribute significantly to CPS Technologies.

Strategic Vision and Leadership

Frank Hughes, the Chairman of the Board, expressed optimism about Jim's appointment, stating, "We are delighted to welcome Jim to the Company's Board of Directors. His impressive background equips him with a comprehensive understanding of transformative strategy, growth, and international business. We believe his wealth of experience in operations, finance, and marketing will be invaluable in guiding CPS Technologies into the future." Jim’s onboarding exemplifies the company's commitment to cultivating a culture of innovation and collaboration, essential for its growth trajectory.

Innovating for the Future

CPS Technologies is known for its role as a technology and manufacturing leader, particularly in offering high-performance material solutions tailored for various sectors. Their innovative products are pivotal across numerous applications, from electric vehicles and hybrid systems to advanced aerospace and military needs. These products not only meet current market demands but also address emerging energy efficiency challenges, aligning with the global shift towards sustainable practices.

Commitment to Clean Energy Solutions

The company is particularly engaged in spearheading development efforts in clean energy. Their specialized hermetic packages are utilized in aerospace and satellite applications, while their armor products are recognized for delivering superior ballistic protection with remarkable lightweight characteristics. These advancements ensure that CPS remains at the forefront of technology, promoting safety and environmental stewardship.

Looking Ahead

As CPS Technologies continues to innovate and expand its reach, Jim Cavoli's addition to the Board is seen as a strategic move that reinforces the company's dedication to excellence and growth. His experience is well-aligned with CPS's objectives, especially in navigating the complexities of modern manufacturing and technology landscapes. With leaders like Jim on board, CPS is poised to tackle future challenges and seize new opportunities for advancement.

Frequently Asked Questions

Who is I. James Cavoli?

I. James Cavoli is the newly appointed member of the Board of Directors at CPS Technologies, currently serving as the president of Swagelok Company.

What previous roles has Jim Cavoli held?

Jim has held several key positions, including chief operating officer and vice president at Swagelok, as well as roles at Ford Motor Company and Progressive Insurance.

What type of products does CPS Technologies manufacture?

CPS produces high-performance materials and solutions used in various applications, including electric and hybrid vehicles, aerospace, and military equipment.

What is CPS Technologies’ commitment to clean energy?

CPS is focused on innovation in clean energy solutions, producing products that not only meet current market needs but also address future energy efficiency challenges.

What does Jim Cavoli's background bring to CPS?

Jim's extensive experience in strategic growth, operations, and finance will aid CPS in navigating the complexities of the manufacturing landscape and foster future growth.

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