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 12, 2006
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 12, 2006 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended April 1, 2006.

Item 9. Regulation FD Disclosure

On May 12, 2006, the Company issued a press release announcing its financial results for the fiscal quarter ended April 1, 2006. 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 15, 2006	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated May 12, 2006 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended April 1, 2006.

EX-99

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

CERAMICS PROCESS SYSTEMS ANNOUNCES FIRST QUARTER 2006 RESULTS

Chartley, Massachusetts, May 12, 2006. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced quarterly revenue of $2.5 million and net income of $324 thousand or $0.03 per basic and diluted common share for the fiscal quarter ended April 1, 2006. This compares with revenue of $1.4 million and a net loss of $57 thousand or $0.00 per basic and diluted share for the fiscal quarter ended March 26, 2005.

Grant Bennett, President, said, "Q1 2006 revenues were a record high for CPS. Q1 2006 revenues were up 76% compared to Q1 2005 revenues, and up 16% compared with Q4 2005 revenues. Often Q1 revenues have been lower than Q4 revenues of the previous year, this was not the case this year. Demand was up in all three of our primary product families: heat spreaders for flip-chip packaging, components for cellular basestations, and components for motor controllers. We believe demand was up due to both growth in these specific applications, and due to an overall improvement in the economy. Profitability increased significantly as a result of increased demand, an improved pricing environment compared to the same period a year ago, a more profitable product mix and continued cost management."

"Looking forward, we are excited that AlSiC continues to further penetrate existing markets and CPS achieved important design wins in these existing markets in Q1 2006. We do expect some quarter-to-quarter volatility in demand due to the timing of individual customer programs. However, in total, customer-provided forecasts as of the end of Q1 2006 suggest that demand should continue through the rest of this year at levels similar to Q1; there is of course no guarantee this will be the case," said Bennett.

"We are also excited about potential new end markets for AlSiC. We seek to identify new end markets for AlSiC on an ongoing basis and we maintain a portfolio of potential new applications and end markets that have passed our initial evaluation. Currently there are four opportunities in that portfolio and in Q1 2006 there were positive developments of significance in all four of these potential new end markets. One of the four areas is robotic arms for capital equipment; in Q1 2006 we began our initial production shipments of AlSiC robotic arms. Three of these potential new end markets, including the robotic arms for capital equipment, are structural in nature where the superior stiffness-to-weight ratio of AlSiC compared to steel provides meaningful performance improvements," said Bennett.

Ceramics Process Systems designs and develops advanced material technologies, and manufactures metal-matrix components and assemblies for the electronics, robotics and other industries.

This release does contain forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a general economic or business downturn in 2006 or a downturn in the electronics industry.

CERAMICS PROCESS SYSTEMS
CORPORATION
(CPS) (OTC BULLETIN BOARD: CPSX)
Quarter Ended:	April 1, 1006	March 25, 2005
Revenues	$2,506,824	$1,424,480
Net income (loss)	$ 323,817	$ (57,056)
Basic and diluted income (loss) per share	$ 0.03	$ (0.00)
Weighted average basic shares	12,329,193	12,293,209
Weighted average diluted shares	12,878,825	12,293,209