Michael E. McCormack II joins CPS Technologies Corporation as Chief Operating Officer
December 14 2020 - 3:01PM
CPS Technologies Corporation (NASDAQ: CPSH) today announced that
Michael E. McCormack II is joining CPS in the newly created
position of Chief Operating Officer (COO), effective January 4,
2021.
Grant Bennett, CEO indicated, “The CPS Board of Directors has
been conducting a search for a chief operating officer with the
track record of accelerating growth, forming partnerships with
customers to create new products, and taking new technology into
the marketplace. Michael fits the bill perfectly – we are delighted
he is joining CPS.
CPS today has a compelling and impressive pipeline of
opportunities; most of which are in the early stages of
commercialization and market penetration. Michael brings the
skills, the drive, and the mindset to accelerate the
commercialization and growth of these opportunities.”
Michael McCormack indicated, “I am excited to join CPS where my
background in business development and new product expansion is so
closely aligned with CPS’ strategic direction, and the
opportunities CPS is pursuing.”
Michael joins CPS from AirBoss Defense Group where he was an
Executive Vice President responsible for delivering urgently needed
Personal Protective Equipment (PPE) to Federal agencies to combat
COVID-19. AirBoss Defense Group previously merged with Critical
Solutions International where Michael was CEO. Prior to that,
Michael was the Executive Vice President for Mission Solutions
Group responsible for Strategy and Mergers & Acquisitions.
After Mission Solutions Group purchased Marshall Communications
Corporation Michael also served as President of Marshall
Communications Corporation.
A native of Massachusetts, earlier in his career he was a
program manager at General Dynamics Communications Systems in
Taunton, Massachusetts, Senior Business Development Manager at
Foster-Miller, Inc. of Waltham Massachusetts, and Executive Vice
President, Land Systems Division of QinetiQ North America. He has
also held several senior leadership positions in the Massachusetts
Army National Guard.
At Foster-Miller and QinetiQ, Michael led the effort to take
developments in armor and robotics out of the laboratory, create
real products addressing real problems, and build revenue streams
of hundreds of millions of dollars. At Mission Solutions Group,
Marshall Communications Corporation and Critical Solutions
International, Michael identified opportunities, created
partnerships, identified and led mergers and acquisitions, and very
successfully sold, marketed, built and specified products into the
defense, aerospace and communications markets; these are markets in
which CPS has a growing presence.
Michael has a BS degree in Engineering from the US Military
Academy at West Point, and master’s degrees from the National
Defense University in Washington DC, and the Sawyer School of
Management at Suffolk University in Boston.
About CPSCPS 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.
Safe HarborStatements made in this document that are not
historical facts or which apply prospectively, including those
relating to 2020 financial results, are forward-looking
statements that involve risks and uncertainties. These
forward-looking statements are identified by the use of terms and
phrases such as "will," "intends," "believes," "expects," "plans,"
"anticipates" and similar expressions. Investors should not rely on
forward looking statements because they are subject to a variety of
risks and uncertainties and other factors that could cause actual
results to differ materially from the company's expectation.
Additional information concerning risk factors is contained from
time to time in the company's SEC filings, including its Annual
Report on Form 10-K and other periodic reports filed with the SEC.
Forward-looking statements contained in this press release speak
only as of the date of this release. Subsequent events or
circumstances occurring after such date may render these statements
incomplete or out of date. The company expressly disclaims any
obligation to update the information contained in this release.
CPS Technologies Corporation
Chuck
Griffith, Chief Financial
Officer 111
South Worcester Street
Norton, MA 02766Telephone: (508) 222-0614Web Site:
www.alsic.com
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