Asahi shares mark weekly slide after cyberattack halts production
NORTON, Mass. - CPS Technologies Corp. (NASDAQ:CPSH), whose stock has surged 135% over the past six months according to InvestingPro data, has secured a Phase I Small Business Innovation Research (SBIR) contract from the U.S. Department of Energy’s Office of Nuclear Energy, the company announced Monday. The small-cap technology firm, currently valued at approximately $53 million, maintains a strong balance sheet with more cash than debt.
The $125,000 contract will fund research to develop high-performance impact limiters for transporting spent nuclear fuel and high-level radioactive waste. The project, led by Principal Investigator Marinos Blanas, will run until April 2026. With a healthy current ratio of 3.34, InvestingPro analysis shows the company is well-positioned to fund its research initiatives.
Impact limiters play a critical role in absorbing energy during potential accidents when transporting nuclear materials to federal storage facilities. CPS aims to replace traditional wood-based limiters with advanced alternative materials.
"This award again demonstrates our ability to translate our team’s deep expertise in materials science into practical, cost-effective technologies, while strengthening our relationship with the DOE," said Brian Mackey, President and CEO of CPS Technologies, according to the company’s press release.
This marks CPS Technologies’ sixth federally funded research award in 2025 and its first new contract with the Department of Energy this year. The company specializes in high-performance materials solutions for various applications including electric vehicles, Navy ships, and 5G infrastructure.
The Massachusetts-based manufacturer focuses on developing materials for demanding environments, including hermetic packages for aerospace applications and lightweight armor products. While the company generated revenue of $25.76 million in the last twelve months, InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value. Subscribers can access 8 additional ProTips and comprehensive financial metrics in the Pro Research Report.
In other recent news, CPS Technologies reported a record revenue of $8.1 million for the second quarter of 2025, marking a 61% increase compared to the same period last year. The company also announced a net income of $100,000, a notable improvement from a net loss of $900,000 in the previous year. These financial results have been well-received by investors, reflecting optimism about CPS Technologies’ strategic initiatives. Additionally, CPS Technologies secured a $1.15 million contract from the U.S. Army Combat Capabilities Development Command. This Phase II Small Business Technology Transfer contract will support the development of a controlled fragmentation tungsten warhead, focusing initially on a 40mm variant. This project builds on the successful completion of an earlier Phase I program. These developments highlight CPS Technologies’ ongoing efforts to expand its federally funded projects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.