CPS Technologies Corp. (CPSH)

[maskedbroker]

Big volume again...74,550.

The game is afoot!

[maskedbroker]

Close, but no cigar...

High today 2.99

Big volume...53,348

It's starting to look like a real stock.

[maskedbroker]

I was right...

Share price should break three dollars
at tomorrow's opening.

Where to from there?

[maskedbroker]

Someone is quietly acquiring shares.

Remember Apple Car twitter?

Well I read that Apple is going ahead full
steam with the Apple Car.

Could help the price of CPSH shares like last time.

[stocktrademan]

$CPSH recent news/filings

bullish

## source: finance.yahoo.com

Fri, 21 Aug 2015 17:04:08 GMT ~ CPS TECHNOLOGIES CORP/DE/ Financials


read full: http://finance.yahoo.com/q/is?s=cpsh
*********************************************************

Mon, 10 Aug 2015 14:02:13 GMT ~ CPS TECHNOLOGIES CORP/DE/ Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/150810/cpsh10-q.html
*********************************************************

Mon, 03 Aug 2015 19:34:21 GMT ~ CPS TECHNOLOGIES CORP/DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and


read full: http://biz.yahoo.com/e/150803/cpsh8-k.html
*********************************************************

Thu, 30 Jul 2015 20:00:00 GMT ~ CPS Technologies Corporation Announces Second Quarter 2015 Results

[Marketwired] - CPS Technologies Corporation today announced revenues of $5.6 million and net income of $114 thousand for the quarter ended June 27, 2015. This compares with revenues of $5.1 million and a net loss of ...

read full: http://finance.yahoo.com/news/cps-technologies-corporation-announces-second-200000694.html
*********************************************************

Fri, 24 Jul 2015 18:11:12 GMT ~ CPS Technologies Corporation Conference Call Notification

[Marketwired] - CPS Technologies Corporation today released instructions for its quarterly investor conference call which will be held on Thursday, July 30, 2015 at 4:30 P.M. . Grant Bennett, President and Chief Executive ...

read full: http://finance.yahoo.com/news/cps-technologies-corporation-conference-call-181112991.html
*********************************************************

$CPSH charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$CPSH company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CPSH/company-info
Ticker: $CPSH
OTC Market Place: Not Available
CIK code: 0000814676
Company name: CPS Technologies Corp.
Company website: http://www.alsic.com
Incorporated In: DE, USA

Business Description: CPS is the world leader in developing and manufacturing advanced materials solutions and products, particularly combinations of metals and ceramics, to improve performance and reliability of applications in a variety of end markets. Our primary advanced material solution is metal matrix composites (MMCs) a class of materials which has several superior properties compared to conventional materials including improved thermal conductivity, thermal expansion matching, higher stiffness and lighter weight.Less >>

$CPSH share structure

## source: otcmarkets.com

Market Value: $33,913,311 a/o Sep 11, 2015
Shares Outstanding: 13,195,841 a/o Jul 21, 2015
Float: Not Available
Authorized Shares: 15,000,000 a/o Oct 01, 2011
Par Value: 0.01

$CPSH extra dd links

Company name: CPS Technologies Corp.
Company website: http://www.alsic.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CPSH+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CPSH+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CPSH+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/news - http://finance.yahoo.com/q/h?s=CPSH+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CPSH/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CPSH+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CPSH
DTCC (dtcc.com): http://search2.dtcc.com/?q=CPS+Technologies+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=CPS+Technologies+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=CPS+Technologies+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.alsic.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.alsic.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.alsic.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CPSH
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000814676&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CPSH&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CPSH
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CPSH+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CPSH+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CPSH
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CPSH
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CPSH+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CPSH/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CPSH+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CPSH.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CPSH
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CPSH/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CPSH/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CPSH
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CPSH
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CPSH:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CPSH
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CPSH



$CPSH DD Notes ~ http://www.ddnotesmaker.com/CPSH

[maskedbroker]

We are in the dark


Stock is going wild!

[maskedbroker]

Historically strong bids...

I've been following this stock for years
and I have never seen bids like these.

Someone has a strong interest.

I always say someone always knows more
than you about what's going on with a
stock.

Better research? Clearer insight?

A write up is due.

[Renee]

Best o' luck with CPSH, Maskedbroker. The Nasdaq was a good move for the stock.

Disclaimer: I do not own any CPSH shares, only posting ticker changes.

[maskedbroker]

Hey Renee, good to see you posting.

This one could be a big winner for those
who can stick it out for the long term.

[Renee]

CPSH moved from OTC to the Nasdaq:

http://otce.finra.org/DailyList

[maskedbroker]

CPSH starts trading on NASDAQ ...

1/15/2015

[maskedbroker]

LET THE FIREWORKS BEGIN!

*CPS Technologies Corporation to
List Shares on NASDAQ Capital Markets

A whole new class of investors.

Shares will soar.

*(see 8-A12B filing Jan 13, 2015)

[maskedbroker]

The word to look for in any news story
about CPSH is...

Japanese

[maskedbroker]

Fund managers take note...

CPSH is about to take off!

Today, for first time in memory, there is
a solid bid for thousands of shares.

Next week should make the shareholders
very happy.

[maskedbroker]

A long time between drinks...

This stock is looking good at this
year's (2014) end.

[10 bagger]

CSPH.. $1.85 Insider Buy..

Form 10-Q for CPS TECHNOLOGIES CORP/DE/


--------------------------------------------------------------------------------

9-Nov-2010

Quarterly Report



ITEM 2 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion and analysis of financial condition and results of operations is based upon and should be read in conjunction with the financial statements of the Company and notes thereto included in this report and the Company`s Annual Report on Form 10-K for the year ended December 26, 2009.

Forward-Looking Statements
This Quarterly Report on Form 10-Q contains forward-looking statements that involve a number of risks and uncertainties. There are a number of factors that could cause the Company`s actual results to differ materially from those forecasted or projected in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or changed circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Critical Accounting Policies
The critical accounting policies utilized by the Company in preparation of the accompanying financial statements are set forth in Part II, Item 7 of the Company`s Annual Report on Form 10-K for the year ended December 26, 2009, under the heading "Management`s Discussion and Analysis of Financial Condition and Results of Operations". There have been no material changes to these policies since December 26, 2009.

Overview
CPS Technologies Corporation (the `Company` or `CPS`) (formerly Ceramics Process Systems Corporation) provides advanced material solutions to the electronics, power generation, automotive and other industries. In 2008 the Company also entered into a cooperative agreement with the U.S. Army to further develop its composite technology to produce armor.

The Company`s products are generally used in high-power, high-reliability applications. These applications always involve energy use or energy generation and the Company`s products allow higher performance and improved energy efficiency. The Company is an important participant in the growing movement towards alternative energy and "green" lifestyles. For example, the Company`s products are used in mass transit, hybrid and electric cars, wind-turbines for electricity generation as well as routers and switches for the internet which in turn allows telecommuting.

Our primary advanced material solution is metal matrix composites (MMCs), a new class of materials which are a combination of metal and ceramic. CPS has a leading, proprietary position in metal matrix composites. Metal matrix composites have several superior properties compared to conventional materials including improved thermal conductivity, thermal expansion matching, stiffness and light weight which enable higher performance and higher reliability in our customers` products.

Like plastics several decades ago, we believe metal-matrix composites will penetrate many end markets over many years. CPS management believes our business model of providing advanced material solutions to a portfolio of high growth end markets which are, at any point in time, in various stages of the technology adoption lifecycle, provides CPS with the opportunity for sustained growth and a diversified customer base. We believe we have validated this model as we are now supplying customers at all stages of the technology adoption lifecycle.

CPS is the leader in supplying metal matrix composites to certain high growth electronics end markets which are well along in the adoption lifecycle and therefore generating significant demand. These end markets include high-performance integrated circuits and circuit boards used in internet switches and routers, as well as motor controllers used in high-speed electric trains, subway cars and wind turbines. CPS supplies heat spreaders, lids and baseplates to customers in these end markets. CPS is a fully qualified manufacturer for many of the world`s largest electronics OEMs.

CPS also assembles housings and packages for hybrid circuits. These housings and packages may include components made of metal-matrix composites; they may include components made of more traditional materials such as aluminum, copper-tungsten, etc.

Concurrently, CPS is participating in certain end markets that are at an earlier stage of the adoption lifecycle. Management believes these end markets will generate additional growth longer-term. An example of such an end market is motor controllers for hybrid automotives and trucks.

We are also actively working with customers in end markets at the beginning stages of the adoption lifecycle. An example of such a market is the market for armor. In 2008 the Company entered into a cooperative agreement with the Army Research Laboratory ("ARL") to further develop large hybrid metal matrix composite modules which integrally combine metal matrix composites and ceramics by enveloping ceramic tiles with MMCs. This system offers a lighter weight, durable, multi-hit capable and cost competitive alternative to conventional steel, aluminum and ceramic based armor systems. CPS hybrid hard face armor modules are comprised of multiple materials completely enveloped within and mechanically and chemically bonded to lightweight and stiff aluminum metal matrix composites.

The Company believes that its hybrid hard face armor tiles will find application in many military vehicles as well as armored commercial vehicles.

Our products are manufactured by proprietary processes we have developed including the QuicksetTM Injection Molding Process (`Quickset Process`) and the QuickCastTM Pressure Infiltration Process (`QuickCast Process`).

CPS was incorporated in Massachusetts in 1984 as Ceramics Process Systems Corporation and reincorporated in Delaware in April 1987 through a merger into a wholly-owned Delaware subsidiary organized for purposes of the reincorporation. In July 1987, CPS completed our initial public offering of 1.5 million shares of our Common Stock. In March 2007, we changed our name from Ceramics Process Systems Corporation to CPS Technologies Corporation.

Results of Operations for the Third Fiscal Quarter of 2010 (Q3 2010) Compared to the Third Fiscal Quarter of 2009 (Q3 2009)

Total revenue was $6,008 thousand in Q3 2010, a 110% increase from total revenue of $2,864 thousand in Q3 2009. The 110% increase in revenues in Q3 2010 compared to Q3 2009 primarily reflects increased customer demand. Customer demand increased in all product families, although revenue under the Company`s Cooperative Agreement with the U.S. Army remained flat. This Agreement is a cost-share Agreement; the Army funds 95% of the Agreement costs; CPS funds 5% of the Agreement costs.

Total operating expenses in Q3 2010 were $5,326 thousand, a 77% increase from total operating expenses in Q3 2009 of $2,997 thousand. Cost of product sales in Q3 2010 was $4,151 thousand, a 94% increase from cost of product sales in Q3 2009 of $2,145 thousand. Cost of product sales rose less than revenues due primarily to fixed costs being spread over a larger base in Q3 2010.

The gross profit on product sales in Q3 2010 was 26% compared to gross profit on product sales in Q3 2009 of 12%. The gross margin increase is primarily due to fixed costs being spread over a larger base in Q3 2010 as well as manufacturing efficiency improvement programs which were ongoing throughout the quarter.

Selling, general and administrative (SG&A) expenses were $802 thousand in Q3 2010, a 79% increase from SG&A expenses of $449 thousand in Q3 2009. The increase in SG&A expenses is primarily the result of increased commissions paid to sales representatives due to increased shipments in territories in which the Company has commissioned representatives.

Results of Operations for the First Nine Months of 2010 Compared to the First Nine Months of 2009

Total revenue was $16,604 thousand in the first nine months of 2010, a 74% increase from total revenue of $9,519 thousand in the first nine months of 2009. The increase in revenue in the first nine months of 2010 compared to 2009 reflects primarily increased customer demand, as well as market share gains by the Company in baseplates for motor control modules.

Total operating expenses in the first nine months of 2010 were $14,914 thousand, a 58% increase from total operating expenses of $9,456 in the first nine months of 2009. Cost of product sales in the first nine months of 2010 were $11,768 thousand, a 78% increase from cost of product sales of $6,594 thousand in the first nine months of 2009. Cost of product sales increased primarily as a result of increased unit shipments.

Gross profit on product sales in the first nine months of 2010 was 24% compared to gross profit on product sales of 19% in the first nine months of 2009. This increase in gross margin is the result of fixed costs being spread over a larger base as well as manufacturing efficiency improvement programs.

Selling, general and administrative (SG&A) expenses were $2,229 thousand in the first nine months of 2010, a 44% increase from SG&A expenses of $1,545 thousand in the first nine months of 2009. The increase in SG&A expenses is primarily the result of higher commissions paid to sales representatives and increased shared-based compensation expense.

Liquidity and Capital Resources

The Company`s cash and cash equivalents at September 25, 2010 were $1,673 thousand, compared to cash and cash equivalents at December 26, 2009 of $1,074 thousand, an increase of $599 thousand or 56%. Cash increased as a result of increased shipments, timing of collections and management carefully controlling expenses.

Accounts receivable increased to $4,265 thousand at September 25, 2010 from $2,587 thousand at December 26, 2009. This change reflects the size and timing of shipments and collections in Q3 2010 compared to Q4 2009; there has been no significant change in days sales outstanding. The accounts receivable balance at September 25, 2010 and December 26, 2009 is net of allowance for doubtful accounts of $22 thousand and $5 thousand, respectively.

Inventories decreased to $1,861 thousand at September 25, 2010 from $2,072 thousand at December 26, 2009. Work-in-process inventory decreased primarily due to product mix changes, as well as manufacturing efficiency improvement programs.

All consigned inventory is shipped under existing purchase orders and per customers` requests. Of the total finished goods inventory of $987 thousand at September 25, 2010, $468 thousand was located at customers` locations pursuant to consigned inventory agreements. Of the total finished goods inventory of $983 thousand at December 26, 2009, $627 thousand was located at customers` locations pursuant to consigned inventory agreements.

The Company financed its working capital during Q3 2010 and the nine months ended September 25, 2010 with existing cash balances and funds generated by operations. The Company expects it will continue to be able to fund its working capital requirements for the remainder of 2010 from these same sources.

The Company continues to sell to a limited number of customers and the loss of any one of these customers could cause the Company to require additional external financing. Failure to generate sufficient revenues, raise additional capital or reduce certain discretionary spending could have a material adverse effect on the Company`s ability to achieve its business objectives.

Contractual Obligations

The Company has a $1 million revolving line of credit and a $1 million equipment finance facility with Sovereign Bank, both agreements have been extended to May 2011. The line of credit is secured by the accounts receivable and other assets of the Company, has an interest rate of prime plus one percent (1%) and a one-year term. Under the terms of the agreement, the Company is required to maintain its operating accounts with Sovereign Bank. The line of credit and the equipment finance facility are cross defaulted and cross collateralized. The Company is also subject to certain financial covenants within the terms of the line of credit that require the Company to maintain a targeted rolling four quarter debt service coverage ratio as well as targeted debt to equity and current ratios. At September 25, 2010, the Company was in compliance with these covenants. The Company believes but can give no assurance that it could obtain similar lease facilities from other lenders. At September 25, 2010 there were no borrowings under this line of credit. At September 25, 2010, the Company had $496,321 net carrying value of capital equipment financed by the Sovereign equipment lease and finance facility and $503,679 available remaining on the Sovereign lease line.

As of September 25, 2010 production equipment included $191 thousand of construction in progress and the Company had $88 thousand in outstanding commitments to purchase production equipment. The Company intends to finance production equipment with existing cash balances and funds generated by operations.

In July 2006 the Company entered into a lease for its current operating facilities of approximately 37,520 square feet of rentable space located on approximately seven acres at its current site in Norton, MA. The term of the lease is ten years. The lease is a triple net lease wherein the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option to buy the property and a first right of refusal during the term of the lease. Annual rental payments are $100 thousand in year one increasing to $150 thousand in year ten.

The Company`s contractual obligations at September 25, 2010 consist of the following:


Payments Due by Period
Remaining in FY 2011 - FY 2014 -
Total FY 2010 FY 2013 FY 2016
Capital lease
obligations including
interest $ 525,120 $ 74,210 $ 450,910 $ --
Purchase commitments
for production
equipment $ 88,465 $ 88,465 $ -- $ --
Operating lease
obligation for
facilities at 111 South
Worcester Street,
Norton, MA. $ 772,300 $ 30,000 $ 406,500 $ 335,800

[10 bagger]

CPSH.. $1.70 10Q 11/09/2010

Form 10-Q for CPS TECHNOLOGIES CORP/DE/


--------------------------------------------------------------------------------

9-Nov-2010

Quarterly Report



ITEM 2 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion and analysis of financial condition and results of operations is based upon and should be read in conjunction with the financial statements of the Company and notes thereto included in this report and the Company`s Annual Report on Form 10-K for the year ended December 26, 2009.

Forward-Looking Statements
This Quarterly Report on Form 10-Q contains forward-looking statements that involve a number of risks and uncertainties. There are a number of factors that could cause the Company`s actual results to differ materially from those forecasted or projected in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or changed circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Critical Accounting Policies
The critical accounting policies utilized by the Company in preparation of the accompanying financial statements are set forth in Part II, Item 7 of the Company`s Annual Report on Form 10-K for the year ended December 26, 2009, under the heading "Management`s Discussion and Analysis of Financial Condition and Results of Operations". There have been no material changes to these policies since December 26, 2009.

Overview
CPS Technologies Corporation (the `Company` or `CPS`) (formerly Ceramics Process Systems Corporation) provides advanced material solutions to the electronics, power generation, automotive and other industries. In 2008 the Company also entered into a cooperative agreement with the U.S. Army to further develop its composite technology to produce armor.

The Company`s products are generally used in high-power, high-reliability applications. These applications always involve energy use or energy generation and the Company`s products allow higher performance and improved energy efficiency. The Company is an important participant in the growing movement towards alternative energy and "green" lifestyles. For example, the Company`s products are used in mass transit, hybrid and electric cars, wind-turbines for electricity generation as well as routers and switches for the internet which in turn allows telecommuting.

Our primary advanced material solution is metal matrix composites (MMCs), a new class of materials which are a combination of metal and ceramic. CPS has a leading, proprietary position in metal matrix composites. Metal matrix composites have several superior properties compared to conventional materials including improved thermal conductivity, thermal expansion matching, stiffness and light weight which enable higher performance and higher reliability in our customers` products.

Like plastics several decades ago, we believe metal-matrix composites will penetrate many end markets over many years. CPS management believes our business model of providing advanced material solutions to a portfolio of high growth end markets which are, at any point in time, in various stages of the technology adoption lifecycle, provides CPS with the opportunity for sustained growth and a diversified customer base. We believe we have validated this model as we are now supplying customers at all stages of the technology adoption lifecycle.

CPS is the leader in supplying metal matrix composites to certain high growth electronics end markets which are well along in the adoption lifecycle and therefore generating significant demand. These end markets include high-performance integrated circuits and circuit boards used in internet switches and routers, as well as motor controllers used in high-speed electric trains, subway cars and wind turbines. CPS supplies heat spreaders, lids and baseplates to customers in these end markets. CPS is a fully qualified manufacturer for many of the world`s largest electronics OEMs.

CPS also assembles housings and packages for hybrid circuits. These housings and packages may include components made of metal-matrix composites; they may include components made of more traditional materials such as aluminum, copper-tungsten, etc.

Concurrently, CPS is participating in certain end markets that are at an earlier stage of the adoption lifecycle. Management believes these end markets will generate additional growth longer-term. An example of such an end market is motor controllers for hybrid automotives and trucks.

We are also actively working with customers in end markets at the beginning stages of the adoption lifecycle. An example of such a market is the market for armor. In 2008 the Company entered into a cooperative agreement with the Army Research Laboratory ("ARL") to further develop large hybrid metal matrix composite modules which integrally combine metal matrix composites and ceramics by enveloping ceramic tiles with MMCs. This system offers a lighter weight, durable, multi-hit capable and cost competitive alternative to conventional steel, aluminum and ceramic based armor systems. CPS hybrid hard face armor modules are comprised of multiple materials completely enveloped within and mechanically and chemically bonded to lightweight and stiff aluminum metal matrix composites.

The Company believes that its hybrid hard face armor tiles will find application in many military vehicles as well as armored commercial vehicles.

Our products are manufactured by proprietary processes we have developed including the QuicksetTM Injection Molding Process (`Quickset Process`) and the QuickCastTM Pressure Infiltration Process (`QuickCast Process`).

CPS was incorporated in Massachusetts in 1984 as Ceramics Process Systems Corporation and reincorporated in Delaware in April 1987 through a merger into a wholly-owned Delaware subsidiary organized for purposes of the reincorporation. In July 1987, CPS completed our initial public offering of 1.5 million shares of our Common Stock. In March 2007, we changed our name from Ceramics Process Systems Corporation to CPS Technologies Corporation.

Results of Operations for the Third Fiscal Quarter of 2010 (Q3 2010) Compared to the Third Fiscal Quarter of 2009 (Q3 2009)

Total revenue was $6,008 thousand in Q3 2010, a 110% increase from total revenue of $2,864 thousand in Q3 2009. The 110% increase in revenues in Q3 2010 compared to Q3 2009 primarily reflects increased customer demand. Customer demand increased in all product families, although revenue under the Company`s Cooperative Agreement with the U.S. Army remained flat. This Agreement is a cost-share Agreement; the Army funds 95% of the Agreement costs; CPS funds 5% of the Agreement costs.

Total operating expenses in Q3 2010 were $5,326 thousand, a 77% increase from total operating expenses in Q3 2009 of $2,997 thousand. Cost of product sales in Q3 2010 was $4,151 thousand, a 94% increase from cost of product sales in Q3 2009 of $2,145 thousand. Cost of product sales rose less than revenues due primarily to fixed costs being spread over a larger base in Q3 2010.

The gross profit on product sales in Q3 2010 was 26% compared to gross profit on product sales in Q3 2009 of 12%. The gross margin increase is primarily due to fixed costs being spread over a larger base in Q3 2010 as well as manufacturing efficiency improvement programs which were ongoing throughout the quarter.

Selling, general and administrative (SG&A) expenses were $802 thousand in Q3 2010, a 79% increase from SG&A expenses of $449 thousand in Q3 2009. The increase in SG&A expenses is primarily the result of increased commissions paid to sales representatives due to increased shipments in territories in which the Company has commissioned representatives.

Results of Operations for the First Nine Months of 2010 Compared to the First Nine Months of 2009

Total revenue was $16,604 thousand in the first nine months of 2010, a 74% increase from total revenue of $9,519 thousand in the first nine months of 2009. The increase in revenue in the first nine months of 2010 compared to 2009 reflects primarily increased customer demand, as well as market share gains by the Company in baseplates for motor control modules.

Total operating expenses in the first nine months of 2010 were $14,914 thousand, a 58% increase from total operating expenses of $9,456 in the first nine months of 2009. Cost of product sales in the first nine months of 2010 were $11,768 thousand, a 78% increase from cost of product sales of $6,594 thousand in the first nine months of 2009. Cost of product sales increased primarily as a result of increased unit shipments.

Gross profit on product sales in the first nine months of 2010 was 24% compared to gross profit on product sales of 19% in the first nine months of 2009. This increase in gross margin is the result of fixed costs being spread over a larger base as well as manufacturing efficiency improvement programs.

Selling, general and administrative (SG&A) expenses were $2,229 thousand in the first nine months of 2010, a 44% increase from SG&A expenses of $1,545 thousand in the first nine months of 2009. The increase in SG&A expenses is primarily the result of higher commissions paid to sales representatives and increased shared-based compensation expense.

Liquidity and Capital Resources

The Company`s cash and cash equivalents at September 25, 2010 were $1,673 thousand, compared to cash and cash equivalents at December 26, 2009 of $1,074 thousand, an increase of $599 thousand or 56%. Cash increased as a result of increased shipments, timing of collections and management carefully controlling expenses.

Accounts receivable increased to $4,265 thousand at September 25, 2010 from $2,587 thousand at December 26, 2009. This change reflects the size and timing of shipments and collections in Q3 2010 compared to Q4 2009; there has been no significant change in days sales outstanding. The accounts receivable balance at September 25, 2010 and December 26, 2009 is net of allowance for doubtful accounts of $22 thousand and $5 thousand, respectively.

Inventories decreased to $1,861 thousand at September 25, 2010 from $2,072 thousand at December 26, 2009. Work-in-process inventory decreased primarily due to product mix changes, as well as manufacturing efficiency improvement programs.

All consigned inventory is shipped under existing purchase orders and per customers` requests. Of the total finished goods inventory of $987 thousand at September 25, 2010, $468 thousand was located at customers` locations pursuant to consigned inventory agreements. Of the total finished goods inventory of $983 thousand at December 26, 2009, $627 thousand was located at customers` locations pursuant to consigned inventory agreements.

The Company financed its working capital during Q3 2010 and the nine months ended September 25, 2010 with existing cash balances and funds generated by operations. The Company expects it will continue to be able to fund its working capital requirements for the remainder of 2010 from these same sources.

The Company continues to sell to a limited number of customers and the loss of any one of these customers could cause the Company to require additional external financing. Failure to generate sufficient revenues, raise additional capital or reduce certain discretionary spending could have a material adverse effect on the Company`s ability to achieve its business objectives.

Contractual Obligations

The Company has a $1 million revolving line of credit and a $1 million equipment finance facility with Sovereign Bank, both agreements have been extended to May 2011. The line of credit is secured by the accounts receivable and other assets of the Company, has an interest rate of prime plus one percent (1%) and a one-year term. Under the terms of the agreement, the Company is required to maintain its operating accounts with Sovereign Bank. The line of credit and the equipment finance facility are cross defaulted and cross collateralized. The Company is also subject to certain financial covenants within the terms of the line of credit that require the Company to maintain a targeted rolling four quarter debt service coverage ratio as well as targeted debt to equity and current ratios. At September 25, 2010, the Company was in compliance with these covenants. The Company believes but can give no assurance that it could obtain similar lease facilities from other lenders. At September 25, 2010 there were no borrowings under this line of credit. At September 25, 2010, the Company had $496,321 net carrying value of capital equipment financed by the Sovereign equipment lease and finance facility and $503,679 available remaining on the Sovereign lease line.

As of September 25, 2010 production equipment included $191 thousand of construction in progress and the Company had $88 thousand in outstanding commitments to purchase production equipment. The Company intends to finance production equipment with existing cash balances and funds generated by operations.

In July 2006 the Company entered into a lease for its current operating facilities of approximately 37,520 square feet of rentable space located on approximately seven acres at its current site in Norton, MA. The term of the lease is ten years. The lease is a triple net lease wherein the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option to buy the property and a first right of refusal during the term of the lease. Annual rental payments are $100 thousand in year one increasing to $150 thousand in year ten.

The Company`s contractual obligations at September 25, 2010 consist of the following:


Payments Due by Period
Remaining in FY 2011 - FY 2014 -
Total FY 2010 FY 2013 FY 2016
Capital lease
obligations including
interest $ 525,120 $ 74,210 $ 450,910 $ --
Purchase commitments
for production
equipment $ 88,465 $ 88,465 $ -- $ --
Operating lease
obligation for
facilities at 111 South
Worcester Street,
Norton, MA. $ 772,300 $ 30,000 $ 406,500 $ 335,800

[10 bagger]

CPSH.. $1.55 Earnings..

CPS Technologies Corporation Announces Third Quarter 2010 Results

Market Wire - Nov 08 at 18:30

Company Symbols: NASDAQ-OTCBB:CPSH


NORTON, MA -- (MARKET WIRE) -- 11/08/10 -- CPS Technologies Corporation (OTCBB: CPSH), a provider of advanced material solutions, today announced revenue of $6.0 million and net income of $421 thousand or $0.03 per basic and diluted share for the fiscal quarter ended September 25, 2010. This compares with revenue of $2.9 million and a net loss of ($137) thousand or ($0.01) per basic and diluted share for the fiscal quarter ended September 26, 2009.

Q3 2010 represents a record quarter for CPS. We are very pleased that the revenue growth of 109% compared to the same period a year ago is broad-based; revenues increased for nearly all product families. The growth came from market share gains and increases in underlying demand for existing products, as well as new product introductions. Revenue under our Cooperative Agreement with the Army for development of metal matrix composite armor, which accounted for approximately 7% of revenue in Q3 2010, was flat year-to-year; technical progress under this Agreement continues to be very positive.

Our greatest growth was in baseplates for motor controllers used in electric trains and subway cars, hybrid automobiles and electricity-generating wind turbines. Our proprietary process technology gives us a competitive advantage in these markets and we are strengthening that advantage by continued investment in our process technology and manufacturing capabilities. We have several new products for these markets in our pipeline which will begin serial production throughout next year, including several products for hybrid automobiles.

Demand for heatspreaders for internet routers and switches and other microelectronic applications was also up compared to the same period a year ago. Our experience is that demand in this segment has been and will remain volatile from quarter to quarter for the foreseeable future. However, in spite of the volatility, AlSiC continues to transition from being a specialty material to a mainstream thermal management solution for use with high reliability integrated circuits. We are accelerating that transition as we work to reduce manufacturing costs.

Our metal-matrix composite products are used in high-power, high-reliability applications, providing both higher performance and improved efficiency in the use or generation of energy. These applications are in the mainstream of the growing movement towards green and alternative energy lifestyles. Management believes underlying demand for these applications is growing, and that CPS is well positioned to capture that growth.

This release does contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a continued or deepening general economic or business downturn in 2010 or a downturn in the electronics industry.


CPS TECHNOLOGIES CORPORATION
(OTC Bulletin Board: CPSH)

Quarters Ended
--------------------------------
September 25, September 26,
2010 2009
--------------- ---------------

Revenues $ 6,007,723 $ 2,864,219

Net Income $ 420,784 $ (136,532)

Basic earnings per basic share $ 0.03 $ (0.01)

Weighted average basic shares 12,648,640 12,624,959

Diluted earnings per diluted share $ 0.03 $ (0.01)

Weighted average diluted shares 12,716,756 12,624,959


Nine-month Periods Ended
--------------------------------
September 25, September 26
2010 2009
--------------- ---------------

Revenues $ 16,603,592 $ 9,519,295

Net Income $ 1,035,230 $ 24,632

Basic earnings per basic share $ 0.08 $ 0.00

Weighted average basic shares 12,659,519 12,624,959

Diluted earnings per diluted share $ 0.08 $ 0.00

Weighted average diluted shares 12,881,469 12,889,175


CPS Technologies Corporation
Grant Bennett
President
111 South Worcester Street
Norton, MA 02766

[10 bagger]

CPSH.. 10/04/2010,, Insider buys..

WECHSLER NORMAN J

--------------------------------------------------------------------------------
(Last) (First) (Middle)
PO BOX 5123, 17 TIMBERLAND DRIVE


--------------------------------------------------------------------------------
(Street)MOUNT CRESTED BUTTE CO 81225

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CPS TECHNOLOGIES CORP/DE/ [CPSH.OB] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director X 10% Owner
Officer (give title below) Other (specify below)


3. Date of Earliest Transaction (Month/Day/Year)
09/30/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value 09/30/2010 S 1,000 D $ 1.85 1,487,349 I By CYB Master LLC


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Norman J Wechsler 10/04/2010


10/04 17:17 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 30 Filed by: WECHSLER NORMAN J
09/28 17:53 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 24 Filed by: WECHSLER NORMAN J
09/17 16:56 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 15 Filed by: WECHSLER NORMAN J
09/14 18:09 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 10 Filed by: WECHSLER NORMAN J
09/09 17:17 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 07 Filed by: WECHSLER NORMAN J
09/02 16:21 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Sep 01 Filed by: WECHSLER NORMAN J
08/31 16:36 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Aug 30 Filed by: WECHSLER NORMAN J
08/27 16:28 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Aug 26 Filed by: WECHSLER NORMAN J
08/25 16:08 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Aug 24 Filed by: WECHSLER NORMAN J
08/19 13:27 CPSH ED Form 4 CPS TECHNOLOGIES CORP/DE For: Aug 18 Filed by: WECHSLER NORMAN J

[10 bagger]

CSPH.. $1.36 10Q.. 08/10/2010

Form 10-Q for CPS TECHNOLOGIES CORP/DE/


--------------------------------------------------------------------------------

10-Aug-2010

Quarterly Report



ITEM 2 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion and analysis of financial condition and results of operations is based upon and should be read in conjunction with the financial statements of the Company and notes thereto included in this report and the Company`s Annual Report on Form 10-K for the year ended December 26, 2009.

Forward-Looking Statements
This Quarterly Report on Form 10-Q contains forward-looking statements that involve a number of risks and uncertainties. There are a number of factors that could cause the Company`s actual results to differ materially from those forecasted or projected in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or changed circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Critical Accounting Policies
The critical accounting policies utilized by the Company in preparation of the accompanying financial statements are set forth in Part II, Item 7 of the Company`s Annual Report on Form 10-K for the year ended December 26, 2009, under the heading "Management`s Discussion and Analysis of Financial Condition and Results of Operations". There have been no material changes to these policies since December 26, 2009.

Overview
CPS Technologies Corporation (the `Company` or `CPS`) (formerly Ceramics Process Systems Corporation) provides advanced material solutions to the electronics, power generation, automotive and other industries. In 2008 the Company also entered into a cooperative agreement with the U.S. Army to further develop its composite technology to produce armor.

The Company`s products are generally used in high-power, high-reliability applications. These applications always involve energy use or energy generation and the Company`s products allow higher performance and improved energy efficiency. The Company is an important participant in the growing movement towards alternative energy and "green" lifestyles. For example, the Company`s products are used in mass transit, hybrid and electric cars, wind-turbines for electricity generation as well as routers and switches for the internet which in turn allows telecommuting.

Our primary advanced material solution is metal matrix composites (MMCs), a new class of materials which are a combination of metal and ceramic. CPS has a leading, proprietary position in metal matrix composites. Metal matrix composites have several superior properties compared to conventional materials including improved thermal conductivity, thermal expansion matching, stiffness and light weight which enable higher performance and higher reliability in our customers` products.

Like plastics several decades ago, we believe metal-matrix composites will penetrate many end markets over many years. CPS management believes our business model of providing advanced material solutions to a portfolio of high growth end markets which are, at any point in time, in various stages of the technology adoption lifecycle, provides CPS with the opportunity for sustained growth and a diversified customer base. We believe we have validated this model as we are now supplying customers at all stages of the technology adoption lifecycle.

CPS is the leader in supplying metal matrix composites to certain high growth electronics end markets which are well along in the adoption lifecycle and therefore generating significant demand. These end markets include high-performance integrated circuits and circuit boards used in internet switches and routers, as well as motor controllers used in high-speed electric trains, subway cars and wind turbines. CPS supplies heat spreaders, lids and baseplates to customers in these end markets. CPS is a fully qualified manufacturer for many of the world`s largest electronics OEMs.

CPS also assembles housings and packages for hybrid circuits. These housings and packages may include components made of metal-matrix composites; they may include components made of more traditional materials such as aluminum, copper-tungsten, etc.

Concurrently, CPS is participating in certain end markets that are at an earlier stage of the adoption lifecycle. Management believes these end markets will generate additional growth longer-term. An example of such an end market is motor controllers for hybrid automotives and trucks.

We are also actively working with customers in end markets at the beginning stages of the adoption lifecycle. An example of such a market is the market for armor. In 2008 the Company entered into a cooperative agreement with the Army Research Laboratory ("ARL") to further develop large hybrid metal matrix composite modules which integrally combine metal matrix composites and ceramics by enveloping ceramic tiles with MMCs. This system offers a lighter weight, durable, multi-hit capable and cost competitive alternative to conventional steel, aluminum and ceramic based armor systems. CPS hybrid hard face armor modules are comprised of multiple materials completely enveloped within and mechanically and chemically bonded to lightweight and stiff aluminum metal matrix composites.

The Company believes that its hybrid hard face armor tiles will find application in many military vehicles as well as armored commercial vehicles.

Our products are manufactured by proprietary processes we have developed including the QuicksetTM Injection Molding Process (`Quickset Process`) and the QuickCastTM Pressure Infiltration Process (`QuickCast Process`).

CPS was incorporated in Massachusetts in 1984 as Ceramics Process Systems Corporation and reincorporated in Delaware in April 1987 through a merger into a wholly-owned Delaware subsidiary organized for purposes of the reincorporation. In July 1987, CPS completed our initial public offering of 1.5 million shares of our Common Stock. In March 2007, we changed our name from Ceramics Process Systems Corporation to CPS Technologies Corporation.

Results of Operations for the Second Fiscal Quarter of 2010 (Q2 2010) Compared to the Second Fiscal Quarter of 2009 (Q2 2009) Total revenue was $5,187 thousand in Q2 2010, a 44% increase from revenue of $3,602 thousand in Q2 2009. The increase in revenues primarily reflects increased customer demand in all product families. Increased demand for baseplates for traction applications, heatspreaders for flip-chip integrated circuit packaging, hermetic metal packages and baseplates for hybrid vehicle applications were somewhat offset by a slight decrease in revenue from the Company`s contract with the Army for armor development due to the timing of specific tasks. We are pleased that our diversification across multiple end markets has provided some protection against the volatility in demand in some specific end markets.

Total operating expenses in Q2 2010 were $4,466 thousand, a 27% increase from total operating expenses in Q2 2009 of $3,518 thousand.

Cost of product sales in Q2 2010 were $3,609 thousand, a 46% increase from cost of product sales in Q2 2009 of $2,480 thousand. Cost of product sales increased due to increased product shipments. The gross profit on product sales in Q2 2010 was 27% compared to gross profit on product sales in Q2 2009 of 24%. This change is primarily due to fixed costs being spread over a larger base in Q2 2010, as well as product mix.

Selling, general and administrative (SG&A) expenses were $663 thousand in Q2 2010, a 13% increase from SG&A expenses of $589 thousand in Q2 2009. The increase in SG&A expenses is primarily the result of increased commissions paid to sales representatives which is the result of increased revenues.

Results of Operations for First Six Months 2010 Compared to First Six Months of 2009

Total revenue was $10,596 thousand in the first six months of 2010, a 59% increase from total revenue of $6,655 thousand in the first six months of 2009. The increase in revenues in the first six months of 2010 compared to 2009 primarily reflect increases in customer demand in all product families. Increased demand for baseplates for traction applications, heatspreaders for flip-chip integrated circuit packaging, hermetic metal packages and baseplates for hybrid vehicle applications were somewhat offset by a slight decrease in revenue from the Company`s contract with the Army for armor development.

Total operating expenses in the first six months of 2009 were $9,588 thousand, a 48% increase from total operating expenses of $6,459 thousand in the first six months of 2009. Cost of product sales in the first six months of 2010 were $7,617 thousand, a 71% increase from cost of product sales of $4,449 thousand in the first six months of 2009. Cost of product sales increased primarily due to increased product shipments.

Gross profit on product sales in the first six months of 2010 was 24% compared with gross profit on product sales of 22% in the first six months of 2009. This change is primarily due to fixed costs being spread over a larger base in Q2 2010, as well as product mix.

Selling, general and administrative (SG&A) expenses were $1,426 thousand in the first six months of 2010, a 30% increase from SG&A expenses of $1,096 thousand in the first six months of 2009. The increase in SG&A expenses is primarily the result of increased commissions paid to sales representatives which is the result of increased revenues.

Liquidity and Capital Resources

The Company`s cash and cash equivalents at June 26, 2010 were $2,043 thousand compared to cash and cash equivalents at December 26, 2009 of $1,074 thousand, an increase of $970 thousand or 90%. Cash increased primarily as a result of increased shipments and timing of collections.

Accounts receivable increased to $2,695 thousand at June 26, 2010 from $2,587 thousand at December 26, 2009. This change reflects increased shipments in 2010 and timing of collections in Q2 2010 compared to Q4 2009. The accounts receivable balance at June 26, 2010 and December 26, 2009 is net of allowance for doubtful accounts of $5 thousand.

Inventories decreased to $1,949 thousand at June 26, 2010 from $2,072 thousand at December 26, 2009. Raw materials and work in process inventory decreased primarily due to increased product demand; finished goods inventory increased at the Company`s Norton location due to timing of shipments. Of the total finished goods inventory of $1,002 thousand at June 26, 2010, $497 thousand was located at customers` locations pursuant to consigned inventory agreements. Of the total finished goods inventory of $983 thousand at December 26, 2009, $627 thousand was located at customers` locations pursuant to consigned inventory agreements.

The Company financed its working capital during Q2 2010 and the six months ended June 26, 2010 with existing cash balances and funds generated by operations. The Company expects it will continue to be able to fund its working capital requirements for the remainder of 2010 from these same sources.

The Company continues to sell to a limited number of customers and the loss of any one of these customers could cause the Company to require additional external financing. Failure to generate sufficient revenues, raise additional capital or reduce certain discretionary spending could have a material adverse effect on the Company`s ability to achieve its business objectives.

Contractual Obligations

The Company has a $1 million revolving line of credit and a $1 million equipment finance facility with Sovereign Bank, both agreements have been extended to May 2011. The line of credit is secured by the accounts receivable and other assets of the Company, has an interest rate of prime plus one percent (1%) and a one-year term. Under the terms of the agreement, the Company is required to maintain its operating accounts with Sovereign Bank. The line of credit and the equipment finance facility are cross defaulted and cross collateralized. The Company is also subject to certain financial covenants within the terms of the line of credit that require the Company to maintain a targeted rolling four quarter debt service coverage ratio as well as targeted debt to equity and current ratios. At June 26, 2010, the Company was in compliance with these covenants. The Company believes but can give no assurance that it could obtain similar lease facilities from other lenders. At June 26, 2010 there were no borrowings under this line of credit. At June 26, 2010, the Company had $373,851 net carrying value of capital equipment financed by the Sovereign equipment lease and finance facility and $626,149 available remaining on the Sovereign lease line.

As of June 26, 2010 production equipment included $195 thousand of construction in progress and the Company had $230 thousand in outstanding commitments to purchase production equipment. The Company intends to finance production equipment with existing cash balances and funds generated by operations.

In July 2006 the Company entered into a lease for its current operating facilities of approximately 37,520 square feet of rentable space located on approximately seven acres at its current site in Norton, MA. The term of the lease is ten years. The lease is a triple net lease wherein the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option to buy the property and a first right of refusal during the term of the lease. Annual rental payments are $100 thousand in year one increasing to $150 thousand in year ten.

The Company`s contractual obligations at June 26, 2010 consist of the following:


Payments Due by Period
Remaining in FY 2011 - FY 2014 -
Total FY 2010 FY 2013 FY 1016
Capital lease obligations
including interest $ 394,799 $ 120,990 $ 273,809 $ --
Purchase commitments for
production equipment $ 230,194 $ 230,194 $ -- $ --
Operating lease
obligation for facilities
at 111 South Worcester
Street, Norton, MA. $802,500 $ 60,000 $ 406,500 $ 336,000

[10 bagger]

CSPH.. $1.36 Earnings..08/10/2010

CPS Technologies Corporation Announces Second Quarter 2010 Results

Market Wire - Aug 09 at 18:00

Company Symbols: NASDAQ-OTCBB:CPSH


NORTON, MA -- (MARKET WIRE) -- 08/09/10 -- CPS Technologies Corporation (OTCBB: CPSH), a provider of advanced material solutions, today announced revenue of $5.2 million and net income of $450 thousand or $0.04 per basic share and $0.03 per diluted share for the fiscal quarter ended June 26, 2010. This compares with revenue of $3.6 million and net income of $66 thousand or $0.01 per basic and diluted share for the fiscal quarter ended June 27, 2009.

Grant Bennett, President, said, "We are indeed pleased with the 44% increase in revenues in Q2 2010 compared to the same period a year ago. Demand has been very volatile over the last two years because of the economic environment; we believe the Q2 2010 demand does represent real, underlying and sustainable demand rather than fluctuations relating to inventory adjustments or other economic factors."

We also believe demand is growing for our key product families including lids and heatspreaders primarily for network and internet switches and routers, and baseplates for motor controllers used in applications such as trains, subway cars and wind turbines. Worldwide demand for traction motor controllers is up for several reasons including the growing demand in China related to the long-term build out of the Chinese rail network. We are participating in this growing demand through our customers. We are also participating in the growth of hybrid and electric vehicles as our AlSiC baseplates are used in motor controllers for hybrid and electric cars. The demand for hybrid cars currently using our baseplates is increasing and we have achieved important design wins in the first half of 2010 in the hybrid car market which will begin generating recurring revenue next year. In Q2 2010 revenue from metal hermetic packages, including AlSiC packages, is also up.

Revenue under our Cooperative Agreement with the Army for development of armor was down in Q2 2010 compared to Q2 2009, due simply to the timing of specific tasks. Technical progress in this area continues to be very positive.

Net income increased 581% in Q2 2010 compared to Q2 2009 as a result of increased demand as well as improving manufacturing efficiencies. Net income increased sequentially in Q2 2010 from Q1 2010 due to reduced reliance on overtime as we have hired personnel in our manufacturing facility throughout the first half of the year in order to reduce our reliance on overtime.

Our products are used in high-power, high-reliability applications, providing both higher performance and improved efficiency in the use or generation of energy. These applications are in the mainstream of the growing movement towards alternative energy and "green" lifestyles. Management believes underlying demand for these applications is growing, and that CPS is well positioned to capture that growth.

This release does contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a continued or deepening general economic or business downturn in 2010 or a downturn in the electronics industry.



CPS TECHNOLOGIES CORPORATION
(OTC Bulletin Board: CPSH)

Quarters Ended
--------------------------
June 26, June 27,
2010 2009
------------ ------------

Revenues $ 5,186,683 $ 3,602,435

Net Income $ 449,803 $ 66,074

Basic earnings per basic share $ 0.04 $ 0.01

Weighted average basic shares 12,624,959 12,624,959

Diluted earnings per diluted share $ 0.03 $ 0.01

Weighted average diluted shares 12,938,087 13,028,847


Six-month Periods Ended
--------------------------
June 26, June 27,
2010 2009
------------ ------------


Revenues $ 10,595,869 $ 6,655,076

Net Income $ 614,446 $ 161,164

Basic earnings per basic share $ 0.05 $ 0.01

Weighted average basic shares 12,624,959 12,624,959

Diluted earnings per diluted share $ 0.05 $ 0.01

Weighted average diluted shares 12,928,034 13,021,283


CPS Technologies Corporation
Grant Bennett
President
111 South Worcester Street
Norton, MA 02766
Telephone: [phone] ext 218
Fax: [phone]
Web Site: www.alsic.com

[10 bagger]

CPSH.. $1.25.. 07/30/2010 Insider Buy

Dir HUGHES JR Acquires 8,000 Of CPS TECHNOLOGIES CORP >CPSH

Dow Jones & Company, Inc. - Jul 30 at 13:33

Company Symbols: NASDAQ-OTCBB:CPSH


SOURCE: Form 4

ISSUER: CPS TECHNOLOGIES CORP
SYMBOL: CPSH

FILER: HUGHES FRANCIS J JR
TITLE: Director

DATE TRANSACTION SHARES PRICE VALUE
7/30/10 Exercise* 8,000 $1.25 $10,000

OWNERSHIP: 8,000 (Direct)

* - Exercised 8 years, 11 months after vesting and 3 days before
expiration.

The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.

Insider Data Source: The Washington Service
([e-mail] or 301-913-5100)

[10 bagger]

CPSH.. DD 07/09/2010 Insider Option 2

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*Snow Daniel C

--------------------------------------------------------------------------------
(Last) (First) (Middle)
C/O 111 SOUTH WORCESTER STREET


--------------------------------------------------------------------------------
(Street)NORTON MA 02766

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CPS TECHNOLOGIES CORP/DE/ [CPSH] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
Officer (give title below) Other (specify below)


3. Date of Earliest Transaction (Month/Day/Year)
07/07/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (1) $ 1.53 07/07/2010 A 15,000 07/07/2011 07/07/2020 Common Stock 15,000 (2) 39,000 D
Explanation of Responses:

[10 bagger]

CPSH.. DD 07/09/2010 Insider Option

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5



Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*WECHSLER NORMAN J

--------------------------------------------------------------------------------
(Last) (First) (Middle)
PO BOX 5123, 17 TIMBERLAND DRIVE


--------------------------------------------------------------------------------
(Street)MOUNT CRESTED BUTTE CO 81225

--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CPS TECHNOLOGIES CORP/DE/ [CPSH.OB] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director X 10% Owner
Officer (give title below) Other (specify below)


3. Date of Earliest Transaction (Month/Day/Year)
12/13/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person



Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value 12/13/2010 S 3,000 D $ 1.85 1,484,349 I By CYB Master LLC


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Norman J Wechsler 12/15/2010

[di4]

CPS Technologies Corporation Announces First Quarter 2009 Results
May 11, 2009 11:33:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesNORTON, MA -- (MARKET WIRE) -- 05/11/09 -- CPS Technologies Corporation (OTCBB: CPSH), a provider of advanced material solutions, today announced revenue of $3.0 million and net income of $95 thousand or $0.01 per basic and diluted share for the fiscal quarter ended March 28, 2009. This compares with revenue of $3.4 million and net income of $423 thousand or $0.03 per basic and diluted share for the fiscal quarter ended March 29, 2008.

Grant Bennett, President, said, "The 11% decline in revenues in Q1 2009 compared to Q1 2008 primarily reflects the continuing challenging external economic environment. Rather steep declines in demand for heatspreaders for flip-chip integrated circuit packaging and slightly lower demand for baseplates for traction applications were somewhat but not fully offset by increasing acceptance of our relatively new hermetic metal packages and baseplates for hybrid vehicle applications, as well as revenue from the Company's contract with the Army for armor development. We are pleased that our growing diversification across multiple end markets is providing some protection against the significant volatility in demand in some specific end markets."

"Our lower profitability is a direct result of lower revenues. We do believe that demand experienced in Q1 2009 is below the underlying level of demand for current products that will be present as the economy improves and so we are managing our current costs in a manner that will enable us to be able to respond immediately when demand increases," said Bennett.

Although the near-term economic environment is uncertain, we believe longer-term trends bode well for CPS. Our products are used in high-power, high-reliability applications. These applications involve energy use or energy generation and our products allow higher performance and improved energy efficiency. We are indeed an important participant in the growing movement towards alternative energy and "green" lifestyles. For example, our baseplates are used in mass transit, hybrid and electric cars and wind-turbines for electricity generation; our flip chip heatspreaders are used in routers and switches for the internet which in turn allows telecommuting. We believe these markets will continue to grow for some time. We continue to achieve design wins in may of these areas which we believe will generate future growth.

This release does contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a continued or deepening general economic or business downturn in 2009 or a downturn in the electronics industry.


CPS TECHNOLOGIES CORPORATION
(OTCBB: CPSH)


March 28, March 29,
Quarter Ended: 2009 2008
----------- -----------

Revenues $ 3,052,641 $ 3,415,756
----------- -----------

Net income (loss) $ 95,090 $ 422,705
----------- -----------

Basic and diluted income per share $ 0.01 $ 0.03
----------- -----------

Weighted average basic shares 12,647,842 12,551,959
----------- -----------

Weighted average diluted shares 13,036,601 13,272,947
----------- -----------

CPS Technologies Corporation
Grant Bennett
President
111 South Worcester Street
Norton, MA 02766
Telephone: [phone] ext 218
Fax: [phone]
Web Site: www.alsic.com

[buhg1b]

New article in Electronic Design magazine

Consider Your Materials Carefully In Microprocessor And ASIC Design

Mark A. Occhionero | ED Online ID #18442 | March 27, 2008

Article Rating: Not Rated

Microprocessor and ASIC designers must address the thermal and mechanical protection of IC die while considering system cost and reliability. Lids and heatsinks are common solutions for mechanical protection.

To ensure reliability, designers seek to minimize die junction temperature and often consider high thermal conductivity to be the most important attribute of lid material. Yet thermal performance and reliability hinges on other factors: match or mismatch of coefficient of thermal expansion (CTE) between the lid and assembly materials, lid stiffness/flatness, weight, dimensional tolerances, and package design.

THERMAL MANAGEMENT
Thermal management techniques provide adequate thermal dissipation without adding mechanical stress to the IC from thermal expansion differences between the IC, lid, substrate, interface materials, and other materials in the package.

The most common lid materials for microprocessors and ASICs are copper (Cu), aluminum (Al), and aluminum silicon carbide (AlSiC). With a thermal conductivity value around 400 W/mK at room temperature, copper has the highest thermal conductivity of available materials. The thermal conductivity of AlSiC and wrought aluminum are 190 and 200 W/ mK, respectively (Fig. 1).

Designers must also consider thermal cycling issues associated with the CTE values of the die and lid as well other combinations. CTE generally isn’t an issue with a die size less than 5 mm and heat flux less than 10 W/cm2. As die size and heat flux increase, CTE differences between lid, die, lid flatness, and weight have a significant effect on thermal performance, and choosing a lid material with a CTE compatible with the die becomes important.

Compatible lid material CTE values will reduce die assembly flexing and distortions during thermal cycling. Comparing average CTE values of lid and common die materials at 150°C, AlSiC most closely matches gallium-based IC materials (Fig. 2). A solder connection between lid and die yields maximum thermal dissipation in flip-chip applications.

The slightly higher CTE of AlSiC puts the die in slight compression during assembly and thermal cycling. However, higher CTE materials may impart catastrophic tensile forces on the IC with rising temperature. In any event, the closer CTE match of AlSiC will minimize package distortions during assembly and thermal cycling.

With twice the CTE of AlSiC, copper incurs greater system flexing, though it does have a higher thermal conductivity. Aluminum, with a 23-ppm/°C CTE, is unsuitable for high-power large applications due to the CTE mismatch.

MATERIAL DENSITY
Another consideration is lid material density (Fig. 3). Density (weight) is not a thermal property, but can influence die protection during assembly and service. Consider the weight per solder ball of the IC. During assembly, high lid weight can deform solder balls during soldering (material creep). It also can potentially cause shorts between the balls.

In high-speed automated assembly, lid weight poses significant influence on package stress during acceleration/deceleration assembly shifts. Lid weight also affects shock and vibration resistance and stress state due to package orientation during service. These situations favor materials with lighter weight. Weight becomes more important for larger assemblies with lids larger than 40 mm2.

LARGE ASSEMBLIES
As systems become larger, the combination of lid material, shape, stiffness, flatness, and dimensional tolerances becomes as important as CTE and thermal conductivity values. Stiffness and dimensional tolerances affect the lid’s fit to the die.

The cavity depth of the lid is important in minimizing the gap between the die and lid. This depth, somewhat dependent upon lid flexibility, must be large enough to protect the die. For stiffer material, a shallower depth is acceptable, as stiffness will ensure no distortions of the lid during assembly, heatsink attachment, and/or service.

Lid-material stiffness increases with lid thickness, but this may not be acceptable due to weight constraints (Fig. 4). With a less stiff lid, designers may need to impose tighter dimensions on cavity depth to maintain an acceptable bond line thickness. However, tighter dimensional tolerances increase the cost of manufacturing the lid.

MANUFACTURABILITY
Manufacturing processes and costs are additional considerations in choosing lid material. Each material has a preferential manufacturing process for lowest cost, but designers should consider full system costs, including the rate of quality.

A low-cost manufacturing process, stamping lids from sheet stock material is the conventional method for manufacturing copper and aluminum lids, restricting them to primarily 2D shapes and with limited 3D features. Stamped aluminum lids target low-power applications only due to aluminum’s high CTE and modest thermal conductivity. When die is small or power low, stamped copper lids can provide a cost-effective solution.

AlSiC uses a slightly more expensive casting process, but provides greater geometrical shape capabilities. In addition to its CTE compatibility with IC materials, AlSiC also allows larger lids due to lighter weight and higher stiffness.

---
http://electronicdesign.com/Articles/ArticleID/18442/18442.html
---

Mark A. Occhionero

Mark A. Occhionero is senior scientist, marketing and technical sales VP, CPS Technologies. Since 2003, he has concentrated on technical product development of AlSiC for thermal management for insulated gate bipolar transistors, microprocessors, and structural material applications of composite materials.
Email address: [e-mail]

[buhg1b]

2007 4Q EPS Down

2007 4Q EPS 0.02
2006 4Q EPS 0.08

2007 Revs up from 11.9M in 2006 to 12.5M.

http://biz.yahoo.com/bw/080325/20080325006009.html?.v=1

[buhg1b]

2007 EPS $0.07

www.alsic.com

[buhg1b]

NORTON, Mass.--(BUSINESS WIRE)--CPS Technologies Corporation (OTCBB: CPSH - News), a provider of advanced material solutions, today announced revenue of $12.5 million and net income of $949 thousand or $0.08 per basic share, $0.07 per diluted share, for the fiscal year ended December 29, 2007. This compares with revenue of $11.9 million and net income of $1.8 million or $0.14 per basic and diluted common share for the fiscal year ended December 30, 2006.

Revenue for the quarter ended December 29, 2007 was $3.2 million and net income was $252 thousand or $0.02 per basic and diluted share. This compares with revenue of $3.8 million and net income of $1.1 million or $0.09 per basic and $0.08 per diluted share for the quarter ended December 30, 2006. As described previously, revenues in Q4 2006 spiked due to increased shipments of baseplates for cellular telephone basestations resulting from specific contractual deadlines of customers rather than representing an increase in underlying demand, and, as expected, reduced 2007 demand for this product.

Net income in 2007 was lower than 2006 due to product mix changes, higher employment levels maintained in anticipation of growth, and differences in income tax benefits resulting from a reduction in the valuation allowance of the Company’s deferred tax assets. Net income in 2007 included income tax benefits of $58 thousand compared to income tax benefits of $288 thousand in 2006.

Grant Bennett, President, said, “We enter 2008 with significantly strengthened fundamentals compared to a year ago. These fundamentals include a broader customer base and forecasts from key customers showing increased demand in 2008 particularly for baseplates for motor controllers and flip chip heat spreaders. In 2008 we believe we will begin to see meaningful revenues from baseplates used in hybrid and electric vehicles. In 2008 we are continuing to provide prototypes of our HybridTech metal matrix composite armor tiles to armor integrators as we seek production orders. Last year we achieved both our market and technical objectives in our newest product line, hermetic metal packages, including introducing hermetic metal packages incorporating AlSiC components. We expect significant growth in this product line in 2008.

In terms of profitability, we believe we will benefit from the investments in equipment and facilities made in 2007 as our unit shipments grow in 2008.”

This release does contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a general economic or business downturn in 2008 or a downturn in the electronics industry.

Tuesday March 25, 10:55 am ET

[buhg1b]

CPS Technologies Corporation Announces 2007 Results
Tuesday March 25, 10:55 am ET

http://biz.yahoo.com/bw/080325/20080325006009.html?.v=1

[MrSparex]

goin up!