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 10, 2010

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, Norton, Massachusetts		02766
(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 May 10, 2010, the Company issued a press release announcing its financial results for the fiscal quarter ended March 27, 2010. 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	Press released dated May 10, 2010 of CPS Technologies Corporation announcing its financial results for the fiscal quarter ended March 27, 2010.

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: May 10, 2010	/s/ Grant C. Bennett Grant C. Bennett President and Treasurer (Principal Executive Officer)

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99	Press released dated May 10, 2010 of CPS Technologies Corporation announcing its financial results for the fiscal quarter ended March 27, 2010.

EX-99

CPS Technologies Corporation
Grant Bennett, President
111 South Worcester Street
Norton, MA 02766
Telephone: (508) 222-0614 ext 218 Fax: (508) 222-0220
Web Site: www.alsic.com

CPS TECHNOLOGIES CORPORATION ANNOUNCES FIRST QUARTER 2010 RESULTS

Norton, Massachusetts, May 10, 2010. CPS Technologies Corporation (OTCBB: CPSH), a provider of advanced material solutions, today announced revenue of $5.4 million and net income of $165 thousand or $0.01 per basic and diluted share for the fiscal quarter ended March 27, 2010. This compares with revenue of $3.1 million and net income of $95 thousand or $0.01 per basic and diluted share for the fiscal quarter ended March 28, 2009.

Grant Bennett, President, said, "We are very pleased with the 77% increase in revenues in Q1 2010 compared to Q1 2009 resulting from several independent and very positive factors. Demand for heatspreaders used for internet routers and switches increased primarily as a result of improvements in the macroeconomic environment, secondarily due to new products entering production. Demand for baseplates used in motor controls for trains, subway cars and wind turbines increased due primarily to CPS gaining market share, secondarily to improvements in the macroeconomic environment. Demand for baseplates used in hybrid and electric vehicles increased as demand for products currently in production increased, and as we shipped increased numbers of qualification samples for future programs. Demand for hermetic packages remained steady."

Although revenues from the Company`s contract with the Army for armor development declined slightly, the decline is merely typical quarter-to-quarter fluctuations due to timing of specific tasks.

Net income increased 73% in Q1 2010 compared to Q1 2009. In Q1 2010 we incurred significant overtime expense as we ramped up production. We have been hiring throughout Q1 and expect less overtime expense in Q2 and throughout the rest of the year. Income tax expenses in Q1 2010 were also considerably higher due to increased income and because the deferred tax asset valuation allowance associated with net operating loss carryforwards was reduced to zero at the end of 2009. Pretax income in Q1 2010 was 168% higher than pretax income in Q1 2009.

Our products are used in high-power, high-reliability applications, providing both higher performance and improved efficiency in the use or generation of energy. These applications are in the mainstream of the growing movement towards alternative energy and "green" lifestyles. Management believes underlying demand for these applications is growing, and that CPS is well positioned to capture that growth.

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 continued or deepening general economic or business downturn in 2010 or a downturn in the electronics industry.

CPS TECHNOLOGIES CORPORATION
(OTC BULLETIN BOARD: CPSH)
Quarter Ended:	March 27, 2010	March 28, 2009
Revenues	$5,409,186	$3,052,641
Net income	$164,643	$95,090
Basic and diluted income per share	$0.01	$0.01
Weighted average basic shares	12,624,959	12,624,959
Weighted average diluted shares	12,917,980	13,013,718