CPS Technologies Receives Received A Phase I SBIR Award, Valued At ~$200,000, From The U.S. Department Of Energy
Portfolio Pulse from Benzinga Newsdesk
CPS Technologies Corporation (NASDAQ:CPSH) has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy. This is the company's first grant from this agency and the fifth SBIR/STTR award since such work became a priority for CPS a little over a year ago. The study, entitled 'Modular Radiation Shielding for Transportation and Use of Microreactors,' will be led by Matthew Karnick, a materials scientist at the Company.
September 19, 2023 | 1:21 pm
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CPS Technologies has received a significant grant from the U.S. Department of Energy, which could potentially boost its R&D capabilities and future growth.
The grant from the U.S. Department of Energy is a significant achievement for CPS Technologies. It not only provides financial support but also validates the company's capabilities and potential for future growth. This could positively impact the company's stock price in the short term.
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