CSP Inc. Announces Key Executive Management Team Appointments

CSP Inc. Announces Key Executive Management Team Appointments

BILLERICA, Mass., Dec. 12, 2013 (GLOBE NEWSWIRE) -- CSP Inc. (Nasdaq:CSPI), a
provider of IT solutions, systems integration services and dense cluster
computing systems, today announced the appointment of two key executives to
the organization.

Michele Merrell has joined the organization as the Vice President, Global
Marketing & Communications across all enterprises including CSP Inc., and its
subsidiaries Modcomp, Multi Computer Division, and the company's recently
acquired subsidiary, Myricom.

In this role, Merrell will have overarching responsibility to lead branding,
advertising, public relations, media relations, social media, reputation
management, internal and external communications, website development, market
development funds and vendor/supplier-related programs, customer engagement
and demand generation programs.

Most recently, Merrell was the Senior Director, Global Marketing and
Communications for Brightstar Corp., a $6.8 billion global distribution,
manufacturing and supply chain solutions company in the mobile
telecommunications industry. She also has held Vice President and various
senior management roles at U.S. Cellular, Tyco International, BellSouth
Cellular and Voiceglo. In 2012, Michele was distinguished as one of South
Florida's Business Women of Influence by the South Florida Business Journal,
and in 2013 also was named by Diversity Journal as one of their senior-level
"Executive Women to Watch" award winners. She has won numerous awards for her
business and marketing communications acumen. She is an active participant on
local and national boards, as well as within various telecommunications and
technology industry associations, and is the North America President for the
Global Telecom Women's Network.

Additionally, CSP Inc. has appointed Frank Puetz as the General Manager of its
Modcomp subsidiary in Germany. In this role, Puetz will have responsibility
for the overall management of the Modcomp organization including sales,
finance, operations, customer and vendor management, as well as new business
development. He has 25 years of experience in direct and indirect sales,
reseller and vendor management and distribution. 

Prior to joining Modcomp, Puetz was the Sales Manager, Central and Eastern
Europe for AVID Technology in Munich. He also has held numerous senior
management roles including Senior Regional Director at Pillar Data Systems,
District Manager Commercial for EMC Deutschland, as well as positions at
Nortel Networks and BayNetworks. He is based in Modcomp's Cologne, Germany
office.

"Michele Merrell's unique blend of marketing and communications expertise,
coupled with significant international experience make her exceptionally
qualified to lead the marketing and communications expansion for CSP, and its
subsidiaries," said Victor Dellovo, President and CEO, CSP Inc. "We are also
very fortunate to have Frank Puetz join our Modcomp Germany subsidiary, and
his expertise in growing our IT solutions and services internationally will
enable Modcomp to further leverage and deliver highly-optimized, integrated IT
solutions to our European customers."

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, Inc'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 recently acquired Myricom, a pioneer in high
performance computing interconnect technology. MODCOMP Inc., part of CSPI's
Service and Systems Integration segment, was founded in 1970, and has offices
in North American and Europe. Modcomp provides solutions and services for
complex IT environments including disaster recovery, mobility, managed
services, security, data center management, and collaboration. More
information about CSP, Inc. is available at www.cspi.com. To learn more about
Myricom or MODCOMP, Inc., please visit www.myricom.com and www.modcomp.com.

CONTACT: For More Information Contact:
         Gary Levine
         Chief Financial Officer, CSP Inc.
         Tel:  978.663.7598 ext. 1200
         glevine@cspi.com
        
         David Calusdian, Investor Relations
         Tel:  617.542.5300
         dcalusdian@investorrelations.com

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