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): March 27, 2007

CPS TECHNOLOGIES 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
CERAMICS PROCESS SYSTEMS CORPORATION
(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 March 28, 2007, the Company issued a press release announcing its financial results for the fiscal year ended December 30, 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 8.01 Other Events

On March 27, 2007, CPS Technologies Corporation issued a press release announcing that its stock symbol had changed as a result of its recent name change. The new stock symbol is CPSH. The former stock symbol was CPSX. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein in its entirely by reference.

Item 9.01 Financial Statements and Exhibits

EXHIBITS DESCRIPTION

99.1	Press released dated March 28, 2007 of CPS Technologies Corporation announcing its financial results for the fiscal year ended December 30, 2006.
99.2	Press release dated March 27, 2007 of CPS Technologies Corporation announcing its new stock symbol.

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.

CPS Technologies Corporation (Registrant)
Date: March 29, 2007	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EX-99

CPS Technologies Corporation

Grant Bennett, President

111 South Worcester Street

Chartley, MA 02712-0338

Telephone: (508) 222-0614 ext 218 Fax: (508) 222-0220

Web Site: www.alsic.com

CPS TECHNOLOGIES CORPORATION ANNOUNCES 2006 RESULTS

Chartley, Massachusetts, March 28, 2007. CPS Technologies Corporation (CPS) (OTCBB: CPSH), a provider of advanced material solutions, today announced revenue of $11.9 million and net income of $1.8 million or $0.14 per basic and diluted common share for the fiscal year ended December 30, 2006. This compares with revenue of $7.2 million and net income of $287 thousand or $0.02 per basic and diluted share for the year ended December 31, 2005. Net income for fiscal 2006 included income tax benefits of $288 thousand which resulted from a reduction in the valuation allowance of the Company`s deferred tax assets net of current state tax expenses. Pre-tax operating income for fiscal 2006 was $1.5 million.

Revenue for the quarter ended December 30, 2006 was $3.8 million and net income was $1.1 million or $.08 per basic and diluted share. Net income for Q4 2006 included income tax benefits of $338 thousand which resulted from a reduction in the valuation allowance as described above. Pre-tax operating income for Q4 2006 was $754 thousand. This compares with revenue of $2.2 million and net income of $228 thousand or $.02 per basic and diluted share for the quarter ended December 31, 2005.

Revenue growth of 66% year-to-year is the result of underlying growth in our base business and some upside volatility in Q4 2006. In terms of underlying growth, demand for all major product families increased in 2006, the most significant increase coming from demand for flip chip heat spreaders used in high-performance, high-speed corporate switches and routers. We believe the Company will continue to achieve design wins in this end market leading to further growth.

The upside volatility in Q4 was primarily the result of sharply increased demand for baseplates used in cellular telephone basestations. This increase resulted from specific contractual deadlines of our customers rather than representing an increase in underlying demand, and the increased Q4 2006 demand is reducing Q1 2007 demand in this product family.

CPS serves a portfolio of end markets with advanced material solutions, the most significant material solution being metal matrix composites (MMCs). CPS has a proprietary, leading position in MMCs today, primarily providing electronic OEMs with thermal management components to increase performance and reliability. Management believes that like plastics 80 years ago, MMCs will penetrate may different end markets over many years.

Flip chip heat spreaders and baseplates for motor controllers account for a majority of the Company`s revenue today and for the vast majority of the growth from 2005 to 2006. The Company is focused on achieving additional design wins with existing and new customers in these product areas and based on customer provided forecasts, management expects revenue in these product areas will continue to grow in 2007.

In addition, the Company is pleased with progress in penetrating new end markets, including the market for robotics components and the market for motor controllers in hybrid automotives. In 2006, the Company shipped robotic components in initial production volumes and continued to provide prototype quantities of motor controller baseplates for hybrid automobiles to several automotive suppliers both in North American and Europe.

CPS Technologies Corporation is an advanced materials solutions company formerly known as Ceramics Process Systems Corporation. 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 2007 or a downturn in the electronics industry.

CPS TECHNOLOGIES CORPORATION
(OTCBB CPSH)
Year Ended	30 Dec 06	31 Dec 05
Revenues	$ 11,907,701	$ 7,155,850
Net income	1,778,055	287,100
Basic and diluted income per share	$ 0.14	$ 0.02
Weighted average basic shares	12,472,778	12,308,193
Weighted average diluted shares	13,066,641	12,832,323
Quarter Ended:
Revenues	$ 3,847,163	$ 2,152,349
Net income	1,092,318	228,675
Basic and diluted income per share	$ 0.08	$ 0.02
Weighted average basic shares	12,521,959	12,326,209
Weighted average diluted shares	13,104,063	12,984,974

EX-99

CPS Technologies Corporation
Grant Bennett
President
111 South Worcester Street
Chartley, MA 02712
Telephone: (508) 222-0614 ext 218
Fax: (508) 222-0220
Web Site: www.alsic.comwww.alsic.com

STOCK SYMBOL OF CPS TECHNOLOGIES CORPORATION CHANGES

Chartley, Massachusetts, March 27, 2007. CPS Technologies Corporation (OTCBB: CPSH) today announced that our stock symbol has changed from CPSX to CPSH.

The OTCBB changed our stock symbol to CPSH as a result of our recent name change from Ceramics Process Systems Corporation to CPS Technologies Corporation. Our new CUSIP number is 12619F104.