Norton, Massachusetts, November 27, 2018. The Massachusetts Manufacturing Caucus of the Massachusetts Legislature recently held its third annual awards ceremony at the Statehouse to honor local manufacturers. The Caucus was formed in 2014 to promote the manufacturing sector, which employs over 240,000 in the Commonwealth. CPS Technologies Corp. (Nasdaq:CPSH) was nominated for the award by State Rep. Steven Howitt. Commenting on the award, Representative Howitt said that “I was eager to nominate CPS Technologies for their commitment to training, education, and innovation. They are a shining example of a local company producing world-class products for consumption around the world.”

About CPS

CPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines. They are also used as heatspreaders in internet switches, routers and high-performance microprocessors. CPS also develops and produces metal-matrix composite armor.

Chris Fraser
CFO

Mr. Fraser joined the company in May 2026 as Chief Financial Officer. Most recently he 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 Chief Financial Officer 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.

James Cavoli
Chairman
Mr. Cavoli served as the President of Swagelok Company from 2021 through 2024, after being appointed COO in 2020. Joining Swagelok Company in 2010, he served as Director, Strategic Sales; he was named Vice President and CFO in 2014. Prior to this, Mr. Cavoli served as a captain in the U.S. Army, Finance Manager for Ford Motor Company, General Manager for Progressive Insurance, and founded LS Insights, a national brokerage firm. Mr. Cavoli has a B.S. from Georgetown and an M.B.A. from Harvard Business School.

Joe Englin
Director of Business Development
Mr. Englin joined CPS in April of 2023. Prior to joining CPS, his work experience includes positions in business development, with a focus on composite materials and aerospace markets. Mr. Englin received a BSE in mechanical engineering from Calvin University and an MSE in Engineering Management and Leadership.