Ceramics Process Systems Changes Name to CPS Technologies Corporation.CHARTLEY, Mass. -- Ceramics 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. ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CPSX) today announced that effective immediately we have changed our name to CPS Technologies Corporation. CPS began as a developer of engineering ceramics Engineering ceramics are ceramic products that are used to make other products. Examples of their applications are the space shuttle, cars and computers. , but we have significantly expanded our technology base, customer base and manufacturing capability since our founding. Today we provide advanced material solutions to the electronics, robotics, automotive and other industries. CPS products are found in cellular telephone infrastructure equipment, network servers, motor controllers for electric trains, subway cars and wind turbines, and many other applications. Our products allow our customers to improve the performance, increase the reliability, and reduce the cost of their products. CPS has a proprietary, leading position today in a new class of materials, metal matrix composites Metal matrix composite 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. , which are a combination of metals and ceramics. Management believes that like plastics 80 years ago, this new class of materials will penetrate many end markets over many years. As CPS has evolved from a developer of engineering ceramics to a high-volume producer of metal matrix composites and other advanced material solutions, our customers have come to refer to us as CPS. This name change formally acknowledges that this transition to CPS Technologies, a high-volume producer of advanced material solutions, has occurred. CPS' ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors , CPSX, will remain the same. Our new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. is 12619F104. This release may contain forward-looking statements as that term is defined in the Private Securities Reform Act of 1995. Various factors could cause actual results to differ materially from those projected in such statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion