NORTON, Mass. - CPS Technologies Corporation (NASDAQ:CPSH), a leader in producing high-performance materials solutions, has entered into an exclusive global licensing agreement with Triton Systems, Inc., a renowned technology incubator. The agreement grants CPS the rights to manufacture and sell products using Triton's patented Fiber-Reinforced Aluminum (FRA) Composites technology.
FRA Composites, which combine high-strength aluminum alloys with ceramic fibers, are known for their superior wear-resistance, enhanced service temperatures for aluminum, and uniform mechanical and physical properties. These composites are applicable in various sectors, including military vehicles, aerospace, motor sports, heavy trucks, and oilfield drilling.
CPS's CEO & President, Brian Mackey, expressed his enthusiasm for the agreement, stating that incorporating FRA Composites into their product line aligns with CPS's core competencies and will accelerate business growth. He also emphasized the opportunity to further leverage the company's production capabilities through the partnership with Triton.
Triton's Executive Vice President, Dr. Anant Singh, highlighted the partnership's potential to advance large-scale manufacturing of FRA composites and their insertion into aerospace, defense, and other commercial markets. He noted Triton's history of fostering science-based innovations and bringing them to market.
CPS Technologies is known for its innovative solutions in various applications, including transportation, renewable energy, defense, and telecommunications. The company's hermetic packages are utilized in aerospace and satellite applications, while their armor products offer lightweight ballistic protection.
Triton Systems, based in Chelmsford, MA, has a successful track record of developing commercial products and spin-offs, generating significant shareholder value. The company leverages in-house expertise and external resources to bring licensed products and ventures to market.
The financial terms of the licensing agreement, including the percentage of revenue Triton will receive from FRA Composite sales, have not been disclosed. This strategic partnership is based on a press release statement issued by CPS Technologies.
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