CPS Technologies (CPSH) announced it has concluded negotiations on a contract valued at approximately $15.5M from a longstanding, multinational semiconductor manufacturer. Under the terms of the agreement, CPS will deliver advanced power module components over the 12-month period which began October 1. The order represents a 16.5% year-over-year increase in business from the customer, with components to be integrated into systems supporting high-speed rail and energy infrastructure. Additional terms were not disclosed.
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