17 unchanged sentences
CPS is a fully qualified manufacturer for many of the world’s largest electronics OEMs.
+Added: In 2022 CPS resumed its participation in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, sponsored by the US Small Business Administration.
+Added: These programs provide funding for innovative research and development.
+Added: We feel these programs will further enhance CPS’
+Added: intellectual property portfolio.
CPS management believes our business model of providing advanced material solutions to a portfolio of high growth end markets in various stages of the technology adoption lifecycle provides CPS with the opportunity for sustained growth and a diversified customer base.
18 unchanged sentences
at the integrated circuit level speeds are increasing and line widths are decreasing;
−Removed: at the circuit board level higher density devices are placed closer together on circuit boards;
+Added: at the circuit board level higher density devices are placed closer together;
and at the system level higher density circuit boards are being assembled closer together.
50 unchanged sentences
As voltage levels and the heat related to them go up, MMC baseplates become the preferred solution.
−Removed: Currently HEV/EV manufacturers are in the general area where those who want to save on short term costs are perfectly fine using power modules with copper baseplates, while those who want longer term reliability, more the luxury market, will use power modules with an MMC (AlSiC) baseplate.
−Removed: Of particular interest on this topic is the fact that there is a move to using Silicon Carbide (SiC) semiconductors instead of silicon semiconductors.
−Removed: SiC has proven to be more efficient than silicon allowing, among other things for EV’s and HEV’s to run for longer periods on a single charge of the auto’s battery.
+Added: Currently HEV/EV manufacturers are in the general area where those who want to save on short term costs are fine using power modules with copper baseplates, while those who want longer term reliability, more the luxury market, will use power modules with an MMC (AlSiC) baseplate.
+Added: Of particular interest is the move to using Silicon Carbide (SiC) semiconductors instead of silicon semiconductors.
+Added: SiC has proven to be more efficient than silicon allowing, among other things for EV’s and HEV’s to run for longer distance on a single charge of the auto’s battery.
This is important to CPS as SiC semiconductors run hotter than silicon semiconductors.
3 unchanged sentences
Hermetic Packages
−Removed: The prime use of hermetic packaging is for space, flight and undersea applications such as torpedoes, submarines and communications buoys.
+Added: The prime uses of hermetic packaging are for space applications such as satellites, flight applications such as avionics and undersea applications such as torpedoes, submarines and communications buoys.
Hermetic packages allow the assembly of multiple semiconductor devices known as Hybrid Microelectronic Assemblies (HMA).
Today’s HMA technology can, in a CPS 2x2 inch package, provide the computing technology of today's typical server or yesterday's small mainframe.
−Removed: These HMA’s have been used since the late 50’s in various radar and sophisticated shipboard surveillance systems, including early nuclear deterrent systems such as the Minuteman missile.
−Removed: CPS has provided technological advances from the old silo-based systems to space based deterrence far beyond what was even dreamed of even a few decades ago.
−Removed: We also support all types of communication satellites and are looking forward to being a part of the wide-ranging programs that will define the manner of how we talk to one another for decades to come.
CPS is the only producer of hermetic packages with AlSiC bases, combining our expertise in hermetic package production with our expertise in MMC production.
−Removed: This ability provides tremendous benefits regarding a much lighter weight package which is extremely important for space based programs.
+Added: The CPS AlSiC hermetic package provides tremendous benefits in terms of reduced weight and CTE matching which are extremely important for space based programs.
CPS hermetic packages are used in every current generation GPS satellite, the Mars Perseverance rover as well as many other aerospace applications.
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Combined with our emphasis on quality and customer service we expect to see continued growth in our hermetic package product line.
−Removed: Management believes our main domestic competitors in this arena are Egide, Ametek, and Hermetic Solutions Group.
+Added: Management believes our main domestic competitors in this arena are Egide, Ametek, and Qnnect (formerly Hermetic Solutions Group).
The company currently has contracts to produce its HybridTech Armor®
−Removed: To our knowledge, we do not have any direct competitors in this market.
−Removed: Our competition in this area would be alternatives to our HybridTech Armor®
−Removed: which would involve various tradeoffs regarding cost, weight, anti-ballistic properties and things of that nature.
+Added: To our knowledge, we do not have any direct competitors who produce encapsulated armor.
+Added: Our competition in this area is alternatives to our HybridTech Armor®
+Added: which involve tradeoffs regarding cost, weight, anti-ballistic properties, etc.
As CPS expands its armor capabilities, we could begin to see more direct competition from more established armor producers.
5 unchanged sentences
As of December 31, 2022, we had 86 permanent full-time employees.
−Removed: 79 were engaged in manufacturing and engineering and 11 in sales and administration, including finance, HR and general management.
+Added: 74 were engaged in manufacturing and engineering and 12 in sales and administration, including finance, human resources and general management.
We also have approximately 20 manufacturing people working with us through temporary employment agencies.
−Removed: During 2021, the Company made a concerted effort to increase factory efficiency while also expanding its sales force.
+Added: During 2022, the Company continued its efforts to increase factory efficiency both in terms of employee training as well as increased automation.
None of our employees are covered by a collective bargaining agreement.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.