Norton, Massachusetts – May 4, 2026 – CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) is excited to announce that Chris Fraser joined the Company today, May 4th, in preparation for the upcoming retirement of Chuck Griffith, the Company’s Chief Financial Officer. While Mr. Fraser will officially assume the role of CFO on May 18th, Mr. Griffith’s employment will continue through the end of May to enable the transition of responsibilities.
Brian Mackey, President and CEO, expressed his gratitude, stating, “Chuck has been an integral part of CPS’s growth and success over the past seven years. His expertise and commitment have greatly contributed to the Company’s achievements. On behalf of the entire CPS team, I want to thank Chuck for his considerable contributions and wish him the best in his future endeavors. The upcoming transition period will help ensure a seamless and effective leadership change.”
Mackey added, “Since Chuck notified us of his retirement plans last year, we have undertaken a robust process, which ultimately identified Chris Fraser as a highly relevant and capable successor. We expect the depth and relevance of Chris’ professional experience to align closely with our needs as we continue to serve our customers, expand into new areas, and increase profitability.”
Mr. Fraser most recently served as Controller within Precision Castparts Corp., a subsidiary of Berkshire Hathaway, where he led financial operations across three manufacturing plants producing aluminum castings for aerospace applications. Previously, as Executive in Residence at the Advanced Regenerative Manufacturing Institute, he was CFO for early-stage ventures funded through federal grants and SBIR programs.
Earlier, he served in senior finance positions for A.W. Chesterton, a global manufacturer of engineered products, and Oxford Instruments America, a supplier of high-technology tools for research and industry. He began his career at Deloitte in London, England, where he qualified as a chartered accountant.
Mr. Fraser holds a Bachelor of Science in Economics from the University of Warwick in the United Kingdom.
About CPS
CPS is an advanced materials company that designs, manufactures, and sells high-performance material solutions to global customers in transportation, energy, automotive, electronics, telecommunications, aerospace, and defense. The company specializes in proprietary metal matrix composites (MMCs), combining metals and ceramics to deliver superior strength, thermal management, and reliability for demanding applications such as high-speed rail, HVDC systems, mass transit, electric vehicles, internet equipment, and electrical infrastructure. CPS also produces hermetic packaging for high-reliability power and communications modules, supporting avionics, GPS, microprocessors, and specialized integrated circuits. Additionally, its lightweight HybridTech Armor® provides high strength-to-weight protection. CPS focuses on innovation, quality, and diversified high-growth markets to drive sustained, profitable growth. The Company’s Vision is “to pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”
CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766
www.cpstechnologysolutions.com
Investor Relations:
Chris Witty
646-438-9385
[email protected]
