CPS Technologies, Triton Systems announces new licensing agreement

CPS Technologies Corporation and Triton Systems 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. “For several decades, CPS has produced a variety of metal matrix composite materials using advanced manufacturing processes for both military and commercial applications,” said CEO & President Brian Mackey. “Adding FRA Composites to our product portfolio enables us to build upon our core competencies, provide value for our customers, and more rapidly grow the business. We are excited by the opportunity to partner with Triton to leverage our production capabilities going forward.”