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Stock impact report

CPS Technologies and Triton Systems Announce New Licensing Agreement [Yahoo! Finance]

CPS Technologies Corp. (CPSH) 
US:NASDAQ Investor Relations: alsic.com/investors
Company Research Source: Yahoo! Finance
announced they have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites ® . Under the agreement, CPS has acquired the global, exclusive right to manufacture and sell products made using Triton's FRA Composite technology. Triton possesses robust patent protection related to the technology, developed over a number of years. Triton will be compensated as a percent of revenue for every FRA item sold; additional terms were not disclosed. FRA Composites are comprised of high strength aluminum alloys discontinuously reinforced with short ceramic fibers. They offer superior wear-resistance, increased aluminum service temperatures, and isotropic mechanical and physical properties. Based on these unique properties, the patented FRA material system has a multitude of applications in military vehicles (fixed-wing, helicopters, tilt rotor, UAVs, and combat vehicles) and commercial markets (aerospace, motor sports, heavy trucks, and oilfield drilling). ”For Show less Read more
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