As of December 27, 2025, all of our manufacturing, engineering, sales and administrative operations were located in leased facilities in Norton, Massachusetts.
−Removed: In February 2021, the Company extended the lease for the Norton facility through February 2026.
+Added: In August 2025, the Company extended the lease for the Norton facility through February 2028.
The leased facilities comprise approximately 38 thousand square feet.
2 unchanged sentences
Annual rental payments for 2025 were $165 thousand.
−Removed: While adequate for current business volumes, continued expected growth of our business may result in the need to move to a larger location, open a second location or expand our footprint at our current location.
+Added: Continued expected growth of our business may result in the need to move to a larger location, open a second location or expand our footprint at our current location.
+Added: The Company is actively pursuing the first option, moving to a larger location.
+Added: On December 2, 2025 Gifford Investments, the lessor of the Norton facility was placed in receivership under Massachusetts state law.
+Added: We do not anticipate this will have a negative impact on CPS of any significance.
Legal Proceedings
3 unchanged sentences
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.