Market Overview

CPS Technologies Corp. Announces Advanced Armor Initiatives with Rafael Advanced Defense Systems Ltd.

Share:

NORTON, Mass., July 26, 2018 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH), the developer and manufacturer of HybridTech Armor®, is pleased to be supporting Rafael Advanced Defense Systems Ltd. in developing state of the art solutions that provide military vehicles with protection against projectiles, artillery and IED fragments.

These armor solutions are being designed through a collaborative effort using CPS' existing, patented HybridTech Armor® metal matrix composite technology. These armor solutions are comprised of multiple materials integrated together with HybridTech Armor panels, which consist of ceramic tiles that are completely enveloped and mechanically and chemically bonded to lightweight and stiff aluminum metal matrix composites. According to CPS Technologies CEO Grant Bennett, "CPS Technologies HybridTech Armor components offer an improved, lightweight, multi-hit capable and cost competitive alternative to conventional steel and ceramic-based solutions. After several years of development of the HybridTech Armor strike faces, we are pleased to be working with Rafael Advanced Defense Systems Ltd, and other integrators to integrate our components in complete armor solutions for use in real applications."

About CPS Technologies Corporation:
CPS is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various armor and electrical systems. CPS products are used to defeat the most advanced threats to ground, airborne and naval platforms. They are also used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines, as well as heat spreaders in internet switches, routers and high-performance microprocessors.

About Rafael Advanced Defense Systems Ltd.:
Rafael develops and manufactures advanced defense systems for the Israeli Defense Forces and the defense establishment, as well as for foreign customers around the world. The company offers its customers a diversified array of innovative solutions at the leading edge of global technology, from underwater systems through naval, ground, and air superiority systems to space systems."

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control, that may cause our actual results, performance or achievements to materially differ from those expressed or implied in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in our filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements.

CPS Technologies Corporation
Ralph Norwood, Chief Financial Officer
111 South Worcester Street
Norton, MA 02766
Telephone: (508) 222-0614
Web Site:  www.alsic.com

Primary Logo

View Comments and Join the Discussion!