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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000814676-02-000006.txt : 20021219
<SEC-HEADER>0000814676-02-000006.hdr.sgml : 20021219
<ACCEPTANCE-DATETIME>20021219120157
ACCESSION NUMBER:		0000814676-02-000006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20021204
ITEM INFORMATION:		Changes in registrant's certifying accountant
FILED AS OF DATE:		20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CERAMICS PROCESS SYSTEMS CORP/DE/
		CENTRAL INDEX KEY:			0000814676
		STANDARD INDUSTRIAL CLASSIFICATION:	POTTERY & RELATED PRODUCTS [3260]
		IRS NUMBER:				042832509
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16088
		FILM NUMBER:		02862668

	BUSINESS ADDRESS:	
		STREET 1:		111 SOUTH WORCESTER STREET
		STREET 2:		PO BOX 338
		CITY:			CHARTLEY
		STATE:			MA
		ZIP:			02712
		BUSINESS PHONE:		508-222-0614

	MAIL ADDRESS:	
		STREET 1:		111 SOUTH WORCESTER STREET
		STREET 2:		PO BOX 338
		CITY:			CHARTLEY
		STATE:			MA
		ZIP:			02712
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k8121902.htm
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<TITLE>UNITED STATES</TITLE>
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<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
</B>Washington, D.C.  20549</P>
<P ALIGN="CENTER"><BR>
FORM 8-K</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE</P>
<P ALIGN="CENTER">SECURITIES EXCHANGE ACT OF 1934.<BR>
</P>
<P ALIGN="CENTER">Date of report (Date of earliest event reported): December 4, 2002</P>
<P ALIGN="CENTER"><BR>
Commission file number: 0-16088</P>
<P ALIGN="CENTER">CERAMICS PROCESS SYSTEMS CORPORATION<BR>
(Exact Name of Registrant as Specified in its Charter)<BR>
</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Delaware<BR>
(State or Other Jurisdiction<BR>
of Incorporation or Organization</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">04-2832409<BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2>
<P ALIGN="CENTER">111 South Worcester Street<BR>
P.O. Box 338<BR>
Chartley MA<BR>
(Address of principal executive offices)</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2>
<P ALIGN="CENTER">02712-0338<BR>
(Zip Code)</P>
</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Registrant`s telephone no., including area code:  508-222-0614</P>
<P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<P>Item 4.&#9;Changes in Registrant`s Certifying Accountant</P>

<P>&#9;Effective December 4, 2002, the Board of Directors of Ceramics Process Systems Corporation (&quot;CPS&quot; or the &quot;Company&quot;), upon the recommendation of its management and Audit Committee, decided to end the engagement of PricewaterhouseCoopers LLP (&quot;PWC&quot;) as the Company`s independent public accountants, and authorized the engagement of Sansiveri, Kimball &amp; McNamee, LLP (&quot;SKM&quot;) to serve as the Company`s independent public accountants. The decision to change auditors was not the result of any disagreement between the Company and PWC.   </P>

<P>&#9;PWC`s reports on the registrant`s financial statements for each of the last two fiscal years did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles.</P>

<P>&#9;During the Registrant`s two most recent fiscal years and through December 4, 2002, there were no disagreements with PWC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of PWC, would have caused it to make a reference to the subject matter of the disagreement(s) in connection with its reports on the financial statements for such years.</P>

<P>&#9;During the Registrant`s two most recent fiscal years and through December 4, 2002, there were no &quot;reportable events&quot; as defined in Item 304(a)(1)(v) of regulation S-K.</P>

<P>&#9;During the two most recent fiscal years and through December 4, 2002, prior to engaging SKM, neither the Registrant nor anyone on its behalf consulted SKM regarding either: (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Registrant`s financial statements, and neither a written report was provided to the Registrant nor oral advice was provided that SKM concluded was an important factor considered by the Registrant in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of either a disagreement or a reportable event described in above.</P>

<P>Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits.</P>

<OL TYPE="a">

<LI>Financial Statements of Businesses Acquired:  Not applicable.</LI>
<LI>Pro Forma Financial Information:  Not applicable</LI>
<LI>Exhibits:</LI></OL>
<DIR>
<DIR>

<P>16.1&#9;Letter from PWC to the Securities and Exchange Commission dated December 18, 2002</P>
<P>99.1&#9;Press Release dated December 19, 2002<BR>
</P></DIR>
</DIR>

<P ALIGN="CENTER">SIGNATURE</P>
<P ALIGN="CENTER"></P>
<P>&#9;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.</P>
</FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P>Date:  December 19, 2002</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P>/s/ Grant C. Bennett</P>
<P>President and Treasurer</P>
</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P>&nbsp;</P>
<P>&nbsp;</P>
<P><BR>
</P></FONT></BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>3
<FILENAME>pwc121902.htm
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<TITLE>Illustrative Letter from PricewaterhouseCoopers LLP  - Agreeing With the Statements Contained in Form 8-K (02/01)</TITLE>
</HEAD>
<BODY>


<P>&nbsp;</P>
<B><P>&nbsp;</P>
</B><P>December 18, 2002</P>

<P>Securities and Exchange Commission<BR>
450 Fifth Street, N.W.<BR>
Washington, D.C. 20549<BR>
</P>
<P>Commissioners:</P>

<P>We have read the statements made by Ceramic Process Systems, Inc. (copy attached), which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report dated December 19, 2002.  We agree with the statements concerning our Firm in such Form 8-K.</P>

<P>Very truly yours,</P>

<P>/s/ PricewaterhouseCoopers LLP</P></BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>pr0208skm.htm
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<HTML>
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<U><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">FOR IMMEDIATE RELEASE</P>
</U><P ALIGN="CENTER"></P>
<P>Ceramics Process Systems Corporation<BR>
Grant Bennett<BR>
President<BR>
111 South Worcester Street<BR>
Chartley, MA 02712<BR>
Telephone: (508) 222-0614 ext 18&#9;Fax: (508) 222-0220<BR>
Web Site:  www.alsic.com</P>

<B><P ALIGN="CENTER">CERAMICS PROCESS SYSTEMS CORPORATION APPOINTS SANSIVERI, KIMBALL &amp; McNAMEE, LLP AS INDEPENDENT AUDITORS</P>
</B><P ALIGN="CENTER"></P>
<P>Chartley, Massachusetts, December 19,  2002.  Ceramics Process Systems Corporation (CPS) (OTC Bulletin Board: CPSX) today announced that its Board of Directors, upon the recommendation of its management and Audit Committee, has appointed Sansiveri, Kimball &amp; McNamee LLP to replace PricewaterhouseCoopers LLP (&quot;PWC&quot;) as the Company`s independent auditors.</P>

<P>The decision to change auditors was not the result of any disagreement between the Company and PWC.    There are no disagreements on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.  During its tenure as the Company`s independent auditors, PWC has provided many years of quality service and has demonstrated a high level of professionalism.  </P>

<P>ABOUT CPS</P>
<P>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.</P>
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