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 7, 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 November 7, 2005 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 24, 2005.

Item 9. Regulation FD Disclosure

On November 7, 2005, the Company issued a press release announcing its financial results for the fiscal quarter ended September 24, 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: November 7, 2005	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated November 7, 2005 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended September 24, 2005.

EX-99

FOR IMMEDIATE RELEASE

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

CERAMICS PROCESS SYSTEMS ANNOUNCES THIRD QUARTER 2005 RESULTS

Chartley, Massachusetts, November 7, 2005. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced net income of $10 thousand or $0.00 per basic and diluted common share, on revenue of $1.8 million for the fiscal quarter ended September 24, 2005. This compares with 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.

Grant Bennett, President, said: "We have and will continue to experience quarter-to-quarter volatility, however we believe underlying market trends continue to be positive. Comparing Q3 2005 with the same period a year ago, unit shipments increased but product revenue declined due to reduced prices and changes in product mix. The decline in product revenue was offset by license revenue. Profitability declined because of lower gross margins and increased sales expenses. Gross margins declined primarily because of reduced prices and increased labor costs. We hired employees during Q3 in anticipation of demand from a specific customer program which was forecast to begin earlier this year but did not begin until Q4.

"In Q3 2005 demand for flip-chip heat spreaders increased while demand for wireless basestation components declined; demand for basestation components is strengthening in Q4. We believe recent design wins for flip-chip heat spreaders and motor controller baseplates will generate both unit and revenue growth in the near and intermediate term," said Bennett.

"Looking longer term, we actively seek additional new end markets for AlSiC and AlSiC-related products on an on-going basis. Consequently, we maintain a portfolio of potential new opportunities. While early in the typically long market development cycle, we are pleased that in Q3 there were positive developments of significance in two of these potential new end markets. These positive developments were in part a result of the increased sales expenses incurred in Q3. We are making progress in penetrating new end markets and we believe these opportunities will generate growth, " 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 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 in 2005, or a downturn in the electronics industry.

CERAMICS PROCESS SYSTEMS CORPORATION
(CPS) (OTC Bulletin Board: CPSX)
	Quarters Ended
	September 24,	September 25,
	2005	2004
Revenues	$1,788,749	$1,804,863
Net Income	$9,839	$180,566
Basic earnings per basic share	$0.00	$0.01
Weighted average basic shares	12,318,956	12,293,209
Diluted earnings per diluted share	$0.00	$0.01
Weighted average diluted shares	12,997,544	12,714,703

	Nine-month Periods Ended
	September 24,	September 25,
	2005	2004
Revenues	$5,003,501	$4,886,472
Net Income	$58,425	$490,994
Basic earnings per basic share	$0.00	$0.04
Weighted average basic shares	12,301,791	12,293,209
Diluted earnings per diluted share	$0.00	$0.04
Weighted average diluted shares	12,781,043	12,436,792