CPS TECHNOLOGIES CORP/DE/
For the period ended Dec 27, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
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Item 2. Properties
As of December 27, 2025, all of our manufacturing, engineering, sales and administrative operations were located in leased facilities in Norton, Massachusetts.
In August 2025, the Company extended the lease for the Norton facility through February 2028. The leased facilities comprise approximately 38 thousand square feet. The lease is a triple net lease wherein the Company is responsible for payment of all real estate taxes, operating costs and utilities. The Company also has an option to buy the property and a first right of refusal during the term of the lease. Annual rental payments for 2025 were $165 thousand.
Continued expected growth of our business may result in the need to move to a larger location, open a second location or expand our footprint at our current location. The Company is actively pursuing the first option, moving to a larger location.
On December 2, 2025 Gifford Investments, the lessor of the Norton facility was placed in receivership under Massachusetts state law. We do not anticipate this will have a negative impact on CPS of any significance.
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