SOURCE: CPS Technologies Corporation

CPS Technologies Corporation

July 02, 2015 13:43 ET

CPS Technologies Corporation Files "Reoffer Prospectus"

NORTON, MA--(Marketwired - Jul 2, 2015) - On May 15, 2015, CPS Technologies Corp. (NASDAQ: CPSH) filed a registration statement on Form S-8 to register an additional 1,500,000 shares of common stock for issuance pursuant to awards granted under the Company's Amended and Restated 2009 Stock Incentive Plan, which was approved by stockholders at the Company's 2014 annual meeting of stockholders. On June 22, 2015, the Company then filed a separate Form S-8 "reoffer prospectus" to permit reoffers and resale by officers and directors of the Company of the earlier registered shares that were acquired by the officers and directors under the Plan and considered "control" securities.

Commenting on the filing, Grant Bennett, President and Chief Executive Officer said, "Although none of our officers or directors have plans to sell stock covered by this filing, we view this action as appropriate and routine to permit reoffers and resale at some time in the future."

About CPS
CPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines. They are also used as heatspreaders in internet switches, routers and high-performance microprocessors. CPS also develops and produces metal-matrix composite armor.

Contact Information

  • CPS Technologies Corporation
    Ralph Norwood
    Chief Financial Officer
    111 South Worcester Street
    Norton, MA 02766
    Telephone: (508) 222-0614
    Web Site: www.alsic.com