Ceramics Process Systems Announces 2000 Results.Business/Technology Editors CHARTLEY, Mass.--(BUSINESS WIRE)--March 15, 2001 Ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. Process Systems Corporation (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CPSX) today announced a net loss of $194 thousand, or ($0.02) per basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on revenue of $5.0 million for the fiscal year ended December 30, 2000. This compares with a net income of $238 thousand, or $0.02 per basic share, $0.02 per diluted share, on revenue of $4.8 million for the year ended January 1, 2000. Grant Bennett, President said: "In 2000 we made significant progress in broadening our customer base and beginning to penetrate new applications. In 2000, 34% of revenues were from products introduced within the previous 18 months at new customers, compared to 1999 in which 16% of revenues were from products introduced within the previous 18 months at new customers. The application area of highest revenue and unit growth in 2000 was heat spreaders and lids for microprocessors This is a list of microprocessors. Intel
A material in which a continuous metallic phase (the matrix) is combined with another phase (the reinforcement) that constitutes a few percent to around 50% of the material's total volume. is just beginning. Although market demand in the first half of 2001 continues to be sluggish due to the overall weakness in the electronics sector, we believe our broader customer base positions us well to take advantage of the recovery when it occurs." "Costs in 2000 were higher than 1999 as a result of introducing a larger number of new products and as a result of investments in people and equipment. In 2000 we were certified See certification. to the ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 quality standard, we strengthened our engineering, manufacturing and sales organizations, and we began marketing and selling in Japan. We believe that our fixed cost structure can support a higher level of sales, and that profitability will improve as sales increase," said Bennett. CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company's products are primarily used in wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. basestations, high-density microprocessor packaging, motor controllers and satellite communications. This release does contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 2001, or a downturn in the electronics industry.
CERAMICS PROCESS SYSTEMS
CORPORATION
(CPS) (OTC BULLETIN BOARD: CPSX)
30-Dec-00 1-Jan-00
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Year Ended:
Revenues $5,045,087 $4,805,865
Net income (loss) ($193,912) $238,056
Basic earnings (loss) per share ($0.02) $0.02
Weighted avg. basic shares 12,287,047 12,285,969
Diluted earnings (loss) per share ($0.02) $0.02
Weighted avg. diluted shares 12,287,047 12,483,279
Quarter Ended:
Revenues $1,287,996 $942,128
Net loss ($74,510) ($120,422)
Basic and diluted loss per share ($0.01) ($0.01)
Weighted average basic
and diluted shares 12,287,469 12,285,969
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