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): August 2, 2006

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

Delaware	0-16088	04-2832409
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
111 South Worcester Street, Chartley, Massachusetts		02712-0338
(Address of principal executive offices)		(Zip Code)
Registrant`s telephone number, including area code		508-222-0614
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4( c)) under the
Exchange Act (17 CFR 240.13e-4( c)).

Item 2.02 Results of Operations and Financial Condition

On August 2, 2006, the Company issued a press release announcing its financial results for the fiscal quarter ended July 1, 2006. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

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.

Item 9.01 Financial Statements and Exhibits

(d)

EXHIBIT NUMBER	DESCRIPTION
99.1	Press released dated August 2, 2006 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended July 1, 2006.

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: August 2, 2006	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated August 2, 2006 of Ceramics Process Systems Corporation announcing its financial results for the fiscal quarter ended July 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 SECOND QUARTER 2006 RESULTS

Chartley, Massachusetts, August 2, 2006. Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced net income of $64 thousand or $0.01 per basic and $0.00 per diluted common share, on revenue of $2.6 million for the fiscal quarter ended July 01, 2006. This compares with net income of $106 thousand, or $0.01 per basic and diluted common share on revenue of $1.8 million for the fiscal quarter ended June 25, 2005.

Grant Bennett, President, said: "We are delighted with the 47% increase in revenues in Q2 2006 compared to the same period a year ago. The increase in revenues came from higher demand for existing products as well as demand for new products which entered production in Q2 2006. Demand increased for flip-chip heat spreaders, motor controller baseplates, and wireless basestation components compared to the same period a year ago. Customer-provided forecasts as of the end of Q2 2006 suggest that demand should continue through the rest of this year at levels similar to Q2; of course there is no guarantee this will be the case."

"Q2 2006 profitability was reduced by expenses incurred in preparation for the introduction of certain new products in the second half of the year, by lower than typical yields on a new product which entered production in Q2 2006, and by an accrual for non-recurring expenses. Yields on the new product which entered production in Q2 2006 have increased and we anticipate this product will have higher gross margins in Q3 and Q4 of this year," 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. We are pleased that in Q2 2006 there were positive developments of significance in two of these potential new end markets. We believe we will be successful in penetrating new end markets, and that these opportunities will generate growth longer term," 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 2006, or a downturn in the electronics industry.

CERAMICS PROCESS SYSTEMS CORPORATION
(CPS) (OTC Bulletin Board: CPSX)
	Quarters Ended
	July 01,	June 25,
	2006	2005
Revenues	$2,628,020	$1,790,272
Net Income	$63,861	$105,642
Basic earnings per basic share	$0.01	$0.01
Weighted average basic shares	12,518,003	12,293,209
Diluted earnings per diluted share	$0.00	$0.01
Weighted average diluted shares	13,131,799	13,052,377

	Six-month Periods Ended
	July 01,	June 25,
	2006	2005
Revenues	$5,134,844	$3,214,752
Net Income	$387,678	$48,586
Basic earnings per basic share	$0.03	$0.00
Weighted average basic shares	12,423,598	12,293,209
Diluted earnings per diluted share	$0.03	$0.00
Weighted average diluted shares	13,005,312	12,672,793