CSP Inc. Announces Three Board Appointments

CSP Inc. Announces Three Board Appointments

New Independent Directors Bring Extensive IT, Operations and Financial

BILLERICA, Mass., July 22, 2013 (GLOBE NEWSWIRE) -- CSP Inc. (Nasdaq:CSPI), a
provider of IT solutions, systems integration services and dense cluster
computing systems, today announced that it has appointed Raymond Charles
Blackmon, Robert Bunnett and Marilyn T. Smith to its board of directors,
effective Today. With the additions to its board, the company replaces former
director Christopher J. Hall, who resigned on April 3, 2013, and temporarily
expands the board to seven members until February of 2014 when directors
Robert M. Williams and J. David Lyons will be required to retire in compliance
with the company's age 75 retirement policy.

"These three new independent directors have deep experience in our end markets
and provide the board with significant additional expertise in technology,
operations and finance," said Chairman Shelton James. "Charles, Robert and
Marilyn each have proven track records of driving growth within their
organizations, and we look forward to their insight and counsel as we execute
on our new growth strategy. On behalf of the entire organization, I also would
like to extend our thanks to Chris Hall, who recently left the board, and to
Bob Williams and David Lyons, who both will be retiring in February after
serving more than 15 years. We have greatly benefitted from their counsel."

Charles Blackmon, 63, is a finance executive with more than 30 years
experience as a CFO to public and private companies. He is currently Senior
Vice President of Timberland Harvesters, LLC, where he is responsible for
financial reporting and bank and financing relationships for high net worth
individuals. He also is on the board of directors at Concurrent Computer
Corporation, a provider of hardware, software and professional services to the
media industry. Blackmon previously served as Chief Financial Officer of
Interline Brands, Inc., after spending nearly 25 years as Executive Vice
President and CFO of Magnatrax Corporation (formerly American Buildings
Company), which he helped grow from $100 million to $1 billion in annual
sales, and oversaw its successful IPO. Blackmon will serve on the Audit and
Investment Committees.

Robert Bunnett, 53, has 30 years of executive management experience in public
and private companies. He primarily has worked with information technology
companies and has extensive knowledge of the system integrator market. He is
currently the President of Accelerate, Inc., a management consulting firm for
technology clients that he founded in 2006. Prior to founding Accelerate,
Inc., Bunnett served nearly 10 years at SM&A, a technical consulting service
provider. Prior to that, he was Senior Manager of Advanced Product Development
at Boeing (formerly McDonnell Douglas). Bunnett will serve on the Nominating

Marilyn T. Smith, 64, is a veteran information technology and operations
executive with extensive experience developing IT business partnerships and
solving complex business and technology challenges for major corporations. She
most recently served as Chief Information Officer of the Massachusetts
Institute of Technology (MIT). Prior to joining MIT, Smith spent nine years as
President of Life Companies at The Hanover Insurance Group. She also has
served as Vice President and CIO for multiple information systems groups
within Liberty Mutual `Insurance, and spent more than 25 years at John Hancock
Financial Services. Smith will serve on the Compensation and Nominating

The Company wishes to take advantage of the "Safe Harbor" provisions of the
Private Securities Litigation Reform Act of 1995 with respect to statements
that may be deemed to be forward-looking under the Act. Such forward-looking
statements may include, but are not limited to, expectations relating to the
contributions of the new board appointees and the execution of the Company's
growth strategy. The Company cautions that numerous factors could cause actual
results to differ materially from forward-looking statements made by the
Company. Such risks include general economic conditions, market factors,
competitive factors and pricing pressures, and others described in the
Company's filings with the SEC. Please refer to the section on forward-looking
statements included in the Company's filings with the Securities and Exchange

About CSP Inc.

Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its
subsidiaries develop and market IT integration solutions and high-performance
computer systems to meet the diverse requirements of our industrial,
commercial, and defense customers worldwide.

CSP's Systems segment includes the MultiComputer Division, which designs and
manufactures commercial high-performance computer signal processing systems
for a variety of complex real time applications in defense and commercial
markets. The Company's MODCOMP Inc. subsidiary, also part of its Service and
Systems Integration segment was founded in 1970, and has offices in the U.S.,
U.K. and Germany. Modcomp provides solutions and services for complex IT
environments including storage and servers, unified communications solutions,
IT security solutions and consulting services. More information about CSP is
available on the company's website at www.cspi.com.

To learn more about MODCOMP, Inc., consult www.modcomp.com.

CONTACT: Gary Levine
         Chief Financial Officer
         CSP Inc.
         Tel: 978.663.7598 ext. 1200
         Fax: 978.663.0150

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