CPS Technologies and Triton Systems Announce New Licensing Agreement
NORTON, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS”) and Triton Systems, Inc. (“Triton”) today announced they have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites®.
- NORTON, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS”) and Triton Systems, Inc. (“Triton”) today announced they have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites®.
- Under the agreement, CPS has acquired the global, exclusive right to manufacture and sell products made using Triton’s FRA Composite technology.
- Triton possesses robust patent protection related to the technology, developed over a number of years.
- Triton will be compensated as a percent of revenue for every FRA item sold; additional terms were not disclosed.