Ceramics Process Systems Corporation Appoints Sansiveri, Kimball & McNamee, LLP as Independent Auditors.Business Editors/High-Tech Writers CHARTLEY, Mass.--(BUSINESS WIRE)--Dec. 19, 2002 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 that its Board of Directors, upon the recommendation of its management and Audit Committee, has appointed Sansiveri, Kimball & McNamee LLP LLP - Lower Layer Protocol to replace PricewaterhouseCoopers LLP ("PWC") as the Company's independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. . The decision to change auditors was not the result of any disagreement between the Company and PWC. There are no disagreements on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. During its tenure as the Company's independent auditors, PWC has provided many years of quality service and has demonstrated a high level of professionalism. ABOUT CPS 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 high-density microprocessor assemblies, wireless basestations, motor controllers, and satellite communications. |
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