CPS Technologies and Triton Systems announce new licensing agreement

CPS Technologies Corporation and Triton Systems, Inc. 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.

FRA Composites are comprised of high strength aluminum alloys discontinuously reinforced with short ceramic fibers. They offer superior wear-resistance, increased aluminum service temperatures, and isotropic mechanical and physical properties. Based on these unique properties, the patented FRA material system has a multitude of applications in military vehicles (fixed-wing, helicopters, tilt rotor, UAVs, and combat vehicles) and commercial markets (aerospace, motor sports, heavy trucks, and oilfield drilling).

”For several decades, CPS has produced a variety of metal matrix composite materials using advanced manufacturing processes for both military and commercial applications,” said CEO & President Brian Mackey. “Adding FRA Composites to our product portfolio enables us to build upon our core competencies, provide value for our customers, and more rapidly grow the business. We are excited by the opportunity to partner with Triton to leverage our production capabilities going forward.”

“CPS is the ideal partner for us to leverage over a decade of Triton’s FRA composites technology development, launch the next phase of large-scale FRA composites manufacturing and insert a variety of FRA-based products into aerospace, defense and other markets,” noted Triton’s Executive Vice President, Dr. Anant Singh. “With this partnership, we will build further on our demonstrated track-record of developing deep science based innovations and collaboratively driving them all the way to implementation on the nation’s premier defense platforms and into commercial markets.”