CPS Technologies Corporation Awarded Phase II SBIR Contract

NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) —

CPS Technologies Corporation (NASDAQ:CPSH) announced today that it has been awarded its second Phase II SBIR contract this year. The U.S. Department of Energy has granted the company $1.1 million over 24 months for the development of “Modular Radiation Shielding for Transportation and Use of Microreactors.”

Continued Development Efforts

This latest award will allow CPS to build on the success of their Phase I project, with materials scientist Matthew Karnick leading the Phase II effort. The focus of the project is on developing innovative radiation shielding solutions for the safe transportation and operation of microreactors.

Karnick, who previously served as the principal investigator during the Phase I project, is excited to continue the development of this important technology. He sees great potential in the application of modular radiation shielding and believes that it will play a crucial role in advancing the field of nuclear energy.

Impact on Individuals

For individuals, the development of modular radiation shielding for microreactors could mean increased safety and efficiency in the transportation and use of these devices. This technology has the potential to enhance the accessibility of nuclear energy and contribute to a more sustainable future.

Impact on the World

The advancement of modular radiation shielding technology has far-reaching implications for the world. By enabling the safe transportation and operation of microreactors, CPS’s efforts could help to expand the use of nuclear energy and reduce dependence on fossil fuels.

Conclusion

The Phase II SBIR contract awarded to CPS Technologies Corporation represents a significant milestone in the development of modular radiation shielding technology. This innovative solution has the potential to revolutionize the field of nuclear energy and pave the way for a more sustainable future.