CSP, Inc. Broadens MultiComputer Business Opportunities With Asset Purchase of Myricom, Inc.

CSP, Inc. Broadens MultiComputer Business Opportunities With Asset Purchase of
Myricom, Inc.

 Gains Technology Critical to CSP's Latest Generation MultiComputer Products
                 and Strong Base of New Commercial Customers

Company Also Retains Key Myricom Personnel and Acquires Inventory for Current
                                MultiComputers

BILLERICA, Mass., Nov. 6, 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 acquired the assets of Myricom,
a pioneer in high-performance computing interconnect technology. The
acquisition is expected to be immediately accretive, and Myricom will become a
part of CSP, Inc.'s MultiComputer Division. Terms of the transaction were not
disclosed.

Through this acquisition, CSP has acquired interconnect technology critical to
its latest generation MultiComputer products as well as a strong base of new
customers in commercial growth markets. CSP will now be able to offer
Myricom's Myri-10G family of high-performance 10 Gigabit Ethernet adapters and
associated Network Adapter software, and has acquired inventory for use in the
latest generation CSPI MultiComputers. CSP also has retained key Myricom
technical personnel who will be working on the next-generation interconnect
technology.

Myricom has been a key supplier to the CSPI MultiComputer Division for more
than 15 years. Its interconnect technology is an important component of the
latest generation multicomputer products that CSP currently supplies to its
customers used in programs such as the E-2D. Myri-10G is a family of high
performance 10 Gigabit Ethernet adapters for Linux, Windows, Mac OS X and
VMware ESX.

"The acquisition of Myricom enables us to continue to support our
multicomputer customers for the long term, and provides us with important
intellectual property and a strong base of new customers," said CSP, Inc.
President and CEO Victor Dellovo. "We look forward to selling the Myri-10G
product line to an existing base of customers, including those in the cyber
security, data center and high-frequency trading markets.As we introduce the
next generation of the product, we expect to broaden this base, providing even
greater opportunities for the MultiComputer business in commercial markets.
The acquisition is in line with our strategy to increase the synergies between
our MultiComputer and MODCOMP businesses, and should enable the two
engineering departments to introduce products to market faster."

Safe Harbor

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, benefits of the Myricom
acquisition, including accretion projections. 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 Commission.

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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