Chuck. you, Thank
the discuss First CPS would of I all, like future. to vision for
quarter to dollars last for years, have more product Today, to we energy time, of time the the of addition responsive to significant XXXX, and to and and Over customer including we ability provide in technical to invested we few in of scientists Having material said the our improve requests that, team, from to take orders. will engineers our amounts to depth lead new win X more a us return these QX of the first be and salaried financial develop. more additions continue introduction new of These XXXX. the do personnel CPS, enable growth than did we've so.
a in the This not we quarter, completed which articles. These in same CPS the done in made last shipped past, compares X significant X period first will As new first to in direct the and the year. are articles has example, lead but future. to parts, first production if successfully, runs X% new
markets composites manufacturing address FRA, the for expanded aluminum Triton is in future. new believe systems as stage our reinforced with others licensing with first a our an with factor Some market certainly to indicate offerings expansion existing these the will current agreement or margins these saw we be QX. and our fiber expanding of was portfolio the to set product while growth soon and for Also, demand needs, significant contributing that the a in our lower an FRA fiscal Producing into durable costs, be a the provide heading of strong, customer. Nevertheless, one relationships factor such aerospace in these articles we engineering-intensive, business this will would address opportunity CPS customer, today of defense in in materials. insight portfolio needs. XXXX. into and market these We for lightweight -- composites the
FRA at and strength for which have our elevated As reinforced a introduction fibers. of endorse the discontinuously lightweight characteristics, high-strength and reminder, aluminum ceramic These many commercial military, products are demonstrated will markets. end of industrial comprised new temperatures, short high alloys composites with facilitate materials superior
our very coming for to are track later FRA about We manufacturing this have composites possible we to speaking initiate to customers trials begun We're with on quarter, complementary already these relevant and applications. have market. products excited
received X-axis also our products enable to purchase the $XXX,XXX requiring capabilities expand the and and Massachusetts manufacturing to funds requested recently from Accelerate to Manufacturing more capability, demand machine. machine support These to response requirements. program. be award received for previously customer we us We the In announced we CNC customer of responsive a X-axis
and We later have the running expect this this other ordered this to will pave this later hermetic have also the for CNC up quarter. year. way and higher products production Again, machine and packaging of
to be our is contract we forthcoming optimistic coming XXXX. working current later while in cautiously addition, armor that protection, In orders kinetic completion, with are Navy may new
these We have classes as different solutions market continue believe markets. a other across potential large well types military ballistic to as of ship
initially and nuclear promotes to to reactors. on us funded Phase follow-on ability requirements. providing customers, NASA moment, efforts in by to work deployment shielding of I this address At effectively complexity some our for and that defined clearly Department directly know enabling IIs. transportation DOD problems recently completed These efforts, defense. DOE, focused the would low X response power higher from program, decisions our by like to SBIR CPS $XXX,XXX details the lightweight mining Phase ongoing R&D demonstrates DOE are including shipping micro X share address from applications, transit I'd to and funding market which Shielding the disaster during paramount density protection further most for identified problem higher proposal customer opportunities, we in have be contracts power, including the microreactors. months to We statement Modular including remote ability produce are density mobile case, same come. advanced threat our and Lower Energy. The proposals the of on relief and another our against weeks the use was radiation entitled with of that possible or in the the time, and At also we of operations, to awaiting levels. SBIR continue X Radiation importance to ballistic submitted shielding
X-month radiation of and MMC Metal molding the successfully an aluminum last Neutron layers carbide on ended CPS matrix designed, elegant period, MFCs. a Matrix of which with compact an injection The to materials. consisting particles. in resulting just both week, shielding X its offers novel fabricated both During composites relying We and born solution evaluated Phase incorporated opposed related composite or gamma as to and techniques multiple dissimilar proprietary tungsten and both reinforcement
to and shielding composite optimization further demonstrated much baseline is traditional Although at at for mass tranche lower highly radiation shielding materials. material capacity our the compared new effective necessary, gamma was
to or tungsten, radiation, a In than fact, to barrier but lead a more similar our mass with reduction XX%. of as demonstrated in gamma composite performance
MFC with Our modified neutronic to both suit volumes different be needs to overs. variable protection easily design gamma and of
by shape with improves technology. massive CPS greater to being reduce fields accomplishment, process a The It's solution a achieving the loading composition. just will fabricate material greatly processing while great for I reinforcement especially radiation Phase in customizable proposed needed cost-effective mature and Our highly program. and robust, integrated size, research upon novel a existing
Laboratory. Innovation our applications, results the to due dramatically for following now to that stationary requirements. We're also just Reactor up that Review several was technical at our value the construction National its Our received the team of Center leads was present developed presentation invited building feedback Idaho The weight Program event. last from reduced i.e., highlighted at approach week on National
also fielding initiatives Project again an this has million come working awarded, with a response a if Phase DoD uses demonstrate mobile applications, provide very period. pleased additional dialogue for reactor the no our II our to we're is opportunities military surprise, novel solutions. to U.S. our We date, should already related generated results XX-month awaiting for over which solution. It which, for in nuclear are $X.X Pele, DOE's which the as dual demonstrate near-term of meaningful funding proposal, to potential would material to like
do of portfolio we proprietary not the enter build our our and Although the to when offerings continue timing we to will customers. our market, service control
programs of efforts to new meet in element the technology-based Within CPS its various federal redoubled participation years, product our SBIR expand been One requirements. has has of agencies. this the to last key few
about X perhaps selected X the has our Historically, applicants years, have Phase been for down X competitive been X recent of has XX%. in been proposals for to all funding XX this Within Phase more the government's award. rate years, and past even XX%, proposals of
with customers a our our going existing real We customers. forward, announced agreement provide of fulfill under our course and the This as both many we this intellectual of which last contract as the components and property. applications within a opportunities module track In the providing they to continue we're team of the providing potential which So the military as remain supply we We awards growth to more shipment manufacturer. these so we far, of see on the other affirmation meantime, year, rate over and rail statements power for is applications such SBIR the and XXXX. have are that long-term systems volumes our know product of very But for to will solutions speaks format. semiconductor over commercial with of importantly, the variety multinational of context XX%. define pleased award addressing that them problem the technical capabilities
to we earlier, future, Naval to are impact opportunities of in year current due accelerate this said I ARMOR the mitigating actively negative while our growth bidding on the completion As the contract.
shortfall half to Armor, XXXX the setting continue roughly cover other growth expansion in believe million next lines across product and like open revenue We $X quarterly the questions. beyond. up Operator? for the now We'd related for to stage of call should that to year