RTTNews | May 20, 2021 10:10AM EDT

10:09 Thursday, May 20, 2021 (RTTNews.com) - Shares of advanced material solutions maker CPS Technologies Corporation (CPSH) are rising more than 11% Thursday morning after the company received an additional purchase order valued about $5.8 million for its HybridTech Armor Panels for U.S. aircraft carriers.

CPS' proprietary metal-encapsulated ceramic armor system developed with Kinetic Protection in collaboration with the U.S. Navy, is an essential component that protects sailors manning crew-served weapons stations aboard the Naval fleet.

"CPS is dedicated to protecting our sailors and Marines in a deployed shipboard environment with our advanced ballistics technology. We look forward to working with the U.S. Navy and our supply chain partners to enhance the safety and capabilities of sailors through the installation of our HybridTech Armor across the fleet," said CPS Chief Operating Officer, and designated CEO, Michael McCormack.

CPSH, currently at $6.65, has been trading in the range of $1.34- 30 in the last 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3196460/stock-alert-cps-technologies-gains-11-after-winning-5-8-mln-order.aspx)

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