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): May 10, 2005
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 May 10, 2005 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended March 26, 2005.

Item 9. Regulation FD Disclosure

On May 10, 2005, the Company issued a press release announcing its financial results for the fiscal quarter ended March 26, 2005. 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: May 10, 2005	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated May 10, 2005 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended March 26, 2005.

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 FIRST QUARTER 2005 RESULTS

Chartley, Massachusetts, May 10, 2005. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced a net loss of $57 thousand or $0.00 per basic and diluted common share, on revenue of $1.4 million for the fiscal quarter ended March 26, 2005. This compares with net income of $169 thousand, or $0.01 per basic and diluted common share on revenue of $1.7 million for the fiscal quarter ended March 27, 2004.

Grant Bennett, President, said: "Revenue was down in Q1 for two reasons: Firstly, midway through Q4 2004 several major customers began pulling shipments into Q4 2004 which were originally scheduled for Q1 2005 in order to meet their 2004 revenue objectives. This resulted in a record quarter in Q4 2004 for CPS in both revenue and profits, but it also resulted in significantly reduced demand in the first several weeks of Q1 2005. Secondly, price reductions negotiated by certain customers at the end of last year went into effect in Q1 2005. Profitability declined as the costs of our higher employment base were spread across lower revenues."

"However, based on customer-provided forecasts, current backlog, current activity and on-going manufacturing cost improvement programs underway we believe we are on track for growth and profitability in 2005 although there is no guarantee this will be the case. As Q1 2005 progressed, sales returned to forecasted levels and in Q1 2005 we continued to achieve new design wins at both current and new customers," said Bennett.

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 application specific integrated circuit assemblies, wireless basestations and motor controllers.

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 downturn in segments of the electronics industry.

CERAMICS PROCESS SYSTEMS CORPORATION
(CPS) (OTC Bulletin Board: CPSX)

For the Fiscal Quarters Ended
	March 26,	March 27,
	2005	2004
Revenue	$1,424,480	$1,664,391
Net income (loss)	$ (57,056)	$ 168,689
Basic earnings (loss) per basic share	$ (0.00)	$ 0.01
Weighted average basic shares	12,293,209	12,293,209
Diluted earnings (loss) per diluted share	$ (0.00)	$ 0.01
Weighted average diluted shares	12,293,209	12,725,544