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UNITED STATES FORM 8-K Current Report CERAMICS PROCESS SYSTEMS CORPORATION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 2004
Commission file number 0-16088
Delaware of Incorporation or Organization |
04-2832409 Identification No.) |
111 South Worcester Street |
02712-0338 |
(508) 222-0614
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
EXHIBIT NUMBER |
DESCRIPTION |
99 |
Press released dated November 5, 2004 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 25, 2004. |
Item 9. Regulation FD Disclosure
On November 5, 2004, the Company issued a press release announcing its financial results for the fiscal quarter ended September 25, 2004. 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 5, 2004 |
/s/ Grant C. Bennett |
EXHIBIT INDEX
EXHIBIT NUMBER |
DESCRIPTION |
99 |
Press released dated November 5, 2004 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 25, 2004. |
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
E-mail: gbennett@alsic.com"
Web Site: www.alsic.com
CERAMICS PROCESS SYSTEMS ANNOUNCES THIRD QUARTER 2004 RESULTS
Chartley, Massachusetts, November 5, 2004. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced net income of $181 thousand or $0.01 per basic and diluted common share, on revenue of $1.8 million for the fiscal quarter ended September 25, 2004. This compares with 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 27, 2003.
Grant Bennett, President, said: "As a producer of thermal management components for high-density electronics, our revenues depend on both the number of design wins we achieve, and the strength of the sales of our customers` systems which incorporate our components. The 108% increase in year-to-year revenue represents both new design wins, particularly in the flip-chip packaging segment, and a firming up of demand for existing part numbers, particularly in the cellular basestation market segment. AlSiC continues to gain broader acceptance as the low-cost solution for heat spreading in high-reliability, high-density applications. We believe that CPS will achieve an increasing number of design wins in our current market segments as customers increase circuit speeds and densities.
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 and ASIC assemblies (flip chip packaging), cellular 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 in 2004, or a downturn in the electronics industry.
CERAMICS PROCESS SYSTEMS CORPORATION |
(CPS) (OTC Bulletin Board: CPSX) |
For the Fiscal Quarters Ended |
|||||
Sept. 25, |
Sept. 27, |
||||
2004 |
2003 |
||||
Revenue |
$ 1,804,863 |
$ 867,883 |
|||
Net Income |
$ 180,566 |
$ 6,882 |
|||
Basic earnings per basic share |
$ 0.01 |
$ 0.00 |
|||
Weighted average basic shares |
12,293,209 |
12,293,209 |
|||
Diluted earnings per diluted shares |
$ 0.01 |
$ 0.00 |
|||
Weighted average diluted shares |
12,714,703 |
12,475,015 |
|||
For the Nine-Month Periods Ended |
|||||
Sept. 25, |
Sept. 27, |
||||
2004 |
2003 |
||||
Revenue |
$ 4,886,472 |
$ 2,570,061 |
|||
Net income (loss) |
$ 490,994 |
$ (170,335) |
|||
Basic earnings (loss) per basic share |
$ 0.04 |
$ (0.01) |
|||
Weighted average basic shares |
12,293,209 |
12,293,209 |
|||
Diluted earnings (loss) per diluted shares |
$ 0.04 |
$ (0.01) |
|||
Weighted average diluted shares |
12,436,792 |
12,293,209 |
|||
|
|