8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2003
Commission file number 0-16088

CERAMICS PROCESS SYSTEMS CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Delaware (State or Other Jurisdiction of Incorporation or Organization	04-2832409 (I.R.S Employer Identification No.)
111 South Worcester Street P.O. Box 338 Chartley MA (Address of principal executive offices)	02712-0338 (Zip Code)

(508) 222-0614
Registrants Telephone Number, including Area Code:

Item 7. Financial Statements and Exhibits.

(c) Exhibits.

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated November 6, 2003 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 27, 2003.

Item 9. Regulation FD Disclosure

On November 6, 2003, the Company issued a press release announcing its financial results for the fiscal quarter ended September 27, 2003. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein in its entirety by reference.

Limitation on Incorporation by Reference.
The information furnished in this Item 9 (which is being furnished under Item 12) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Cautionary Note Regarding Forward-Looking Statements.
Except for historical information contained in the press release attached as an exhibit hereto, the press release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Ceramics Process Systems Corporation (Registrant)
Date: November 6, 2003	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated November 6, 2003 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 27, 2003.

EX-99

FOR IMMEDIATE RELEASE

Ceramics Process Systems Corporation
Grant Bennett
President
111 South Worcester Street
Chartley, MA 02712
Telephone: (508) 222-0614 ext 18
Fax: (508) 222-0220
email: gbennett@alsic.com
Web Site: www.alsic.com

CERAMICS PROCESS SYSTEMS ANNOUNCES THIRD QUARTER 2003 RESULTS

Chartley, Massachusetts, November 6, 2003. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced net income of $7 thousand or $0.00 per basic and diluted common share, on revenue of $868 thousand for the fiscal quarter ended September 278, 2003. This compares with a net loss of $(362) thousand, or $(0.03) per basic and diluted common share on revenue of $482 thousand for the fiscal quarter ended September 28, 2002.

Grant Bennett, President, said: "Q3 2003 revenues increased 80% over revenues from the same period a year ago. We are encouraged by indications from our customers that underlying demand is increasing, however we expect to see continued quarter-to-quarter volatility as most OEMs push short-term inventory management down to component suppliers such as CPS. An additional key to our future growth is the rate at which customers introduce new products containing our components; we believe this rate is beginning to increase after two years of relatively few new product introductions. Our Q3 2003 results also reflect on-going cost reduction and cost management actions which will continue to bear fruit in future quarters."

CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company`s products are primarily used in high-density microprocessor assemblies, wireless basestations, motor controllers, and satellite communications.

This release may contain forward-looking statements as that term is defined in the Private Securities Reform Act of 1995. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, fluctuations in customer demand and changing general economic or business conditions or a further downturn in the electronics industry.

CERAMICS PROCESS SYSTEMS CORPORATION

(CPS) (OTC Bulletin Board: CPSX)

For the Fiscal Quarters Ended
	Sept. 27,	Sept. 28,
	2003	2002
Revenue	$ 867,883	$ 482,213
Net Income (Loss)	$ 6,882	$ (362,290)
Basic earnings per basic share	$ 0.00	$ (0.03)
Weighted average basic shares	12,293,209	12,292,979
Diluted earnings per diluted shares	$ 0.00	$ (0.03)
Weighted average diluted shares	12,475,015	12,292,979
For the Nine-Month Periods Ended
	Sept. 27,	Sept. 28,
	2003	2002
Revenue	$ 2,570,061	$ 3,702,087
Net Loss	$ (170,335)	$ (328,192)
Basic earnings per basic share	$ (0.01)	$ ( 0.03)
Weighted average basic shares	12,293,209	12,292,552
Diluted earnings per diluted shares	$ (0.01)	$ (0.03)
Weighted average diluted shares	12,293,209	12,292,552