CPS Technologies Announces $12 Million Contract with Semiconductor OEM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: Globenewswire
CPS Technologies Award Announcement: CPS Technologies Corp. has secured a $12 million contract from a major customer to supply power module components, with deliveries scheduled over the next twelve months for applications in high-speed rail, wind turbines, and electric vehicles.
Company Growth and Commitment: The CEO expressed satisfaction with the growth in their aluminum silicon carbide products and emphasized their commitment to meeting client needs in green energy and transportation sectors, highlighting the rising demand for their innovative solutions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
