CPS Technologies Corp Announces Phase II Award From The Department Of Energy, Will Provide Funding Of $1.1M Over 24-Months For CPS To Continue Its Development Effort For "Modular Radiation Shielding For Transportation And Use Of Microreactors"
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CPS Technologies Corp has received a $1.1 million Phase II SBIR contract from the U.S. Department of Energy to continue developing modular radiation shielding for microreactors over 24 months.
September 17, 2024 | 1:23 pm
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CPS Technologies Corp has been awarded a $1.1 million contract from the U.S. Department of Energy to develop modular radiation shielding for microreactors, indicating potential revenue growth and innovation in their product offerings.
The $1.1 million contract from the Department of Energy is a significant development for CPS Technologies Corp, as it not only provides financial support but also validates the company's innovation in modular radiation shielding. This could lead to increased revenue and enhance the company's reputation in the energy sector.
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