CPS Technologies receives $7.7M award

CPS Technologies received an award, valued at approximately $7.7 million, from a major, longstanding customer to provide power module components and related solutions. Deliveries will take place over a twelve-month period starting in the fourth quarter of this year, with the contract representing a 50% increase over the prior four quarters. The systems will be employed primarily in high-speed rail, wind turbines and EV/HEV applications, and the client company is a multinational semiconductor manufacturer based overseas. Additional details were not disclosed.