Press Releases

December 22, 2014 CSP Inc. Issues Revised EPS for Year End Fiscal 2014
BILLERICA, MA, December 22, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today issued a correction to the previously issued press release dated December 16, 2014, “CSP Inc. Reports Fourth-Quarter and Year End Fiscal 2014 Financial Results”. The press release dated December 16, 2014 incorrectly reported basic and diluted earnings per share of $0.39 and $0.38 for the fiscal year 2014 and diluted earnings per share of $0.11 for the fiscal year 2013.  The correct amount for both basic and diluted earnings per share is $0.37 for the fiscal year 2014 and diluted earnings per share was $0.10 for the fiscal year 2013.  The company has not changed previously issued management comments or reported financial results, except for the corrections pertaining to the presentation of basic and diluted earnings per share.  When originally making our calculations, we inadvertently omitted reducing net income...
December 16, 2014 CSP Inc. Reports Fourth-Quarter and Year End Fiscal 2014 Financial Results
BILLERICA, MA, December 16, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the fourth quarter and year ended September 30, 2014. The Company also announced that its board of directors has voted to pay its quarterly dividend of $.11 per share to shareholders of record December 28, 2014 payable January 8, 2015. Management Comments “We made excellent progress on our growth strategy in Fiscal 2014 as we invested in a number of areas to support future growth,” said President and Chief Executive Office Victor Dellovo. “We are excited by the promise of growth and customer diversity from Myricom, which we acquired and integrated into the High-Performance Products & Solutions (HPPS) segment during the year. We also took great strides in positioning CSP to increase margins and recurring revenue by growing our managed services business. From a financial perspective, we grew net...
December 10, 2014 CSP Inc. Board of Directors Announces Corporate Governance Policies
Board Adopts Incentive-Based Compensation Clawback Policy Provides Stock Ownership Guidelines for Elected Officers Shelton James to Remain on Board to Provide Continuity BILLERICA, MA, December 10, 2014 – CSP Inc. (NASDAQ: CSPI) today announced several new corporate governance policies, including the adoption of an incentive-based compensation Clawback policy and stock ownership guidelines for elected officers and non-employee members of the Board of Directors.   The company also announced that it will waive the mandatory retirement age for Chairman C. Shelton James who will remain on the Board and stand for reelection at the 2015 annual meeting. The Board decided to take this action because it believes that Mr. James' experience and history with the company is needed at this transitional period in its business. Mr. James will remain as Chairman.  Three of the Company’s other four independent directors have been on the Board since July 2013.  CEO...
December 8, 2014 CSP Inc. Announces Key Executive Management Team Appointment
BILLERICA, MA, December 8, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced the appointment of a new executive to the organization. Craig Lund has joined the organization as the Vice President & General Manager of its High Performance Products segment. Lund has been working with CSPI in a consultant role since 2012, assisting with a top level analysis and business expansion plan for the Myricom acquisition.  Prior to this, he was a consultant for the past six years, mostly helping clients take existing technology into new markets. Most of his customers were in the semiconductor space or building boards for embedded markets. Prior to this, he was the Chief Technology Officer for Mercury Computer Systems, a global manufacturer of highly specialized software and hardware. In his role as VP & General Manager of CSPI, Craig will run the day to day operations of CSPI, including sales,...
December 4, 2014 CSP Inc. to Announce Fourth-Quarter Fiscal 2014 Financial Results on December 16
Company to Webcast Conference Call Live BILLERICA, MA, December 4, 2014 (GLOBE NEWSWIRE) - CSP Inc. (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its fourth-quarter 2014 financial results before the market opens on Tuesday, December 16, 2014. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the "Investor Relations" section of the Company's website at www.cspi.com. Individuals also may listen to the call via telephone, by dialing (866) 952-1906  or (785) 424-1825. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website.  About CSP Inc Based in Billerica,...
August 6, 2014 CSP Inc. Reports Third-Quarter Fiscal 2014 Financial Results
Announces Quarterly Dividend BILLERICA, MA, August 6, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the third quarter of fiscal 2014 ended June 30, 2014. The Company also announced that its board of directors has voted to pay its quarterly dividend of $.11 per share to shareholders of record August 21, 2014 payable August 29, 2014. Management Comments “We performed well in the third quarter on the strength of our High-Performance Products & Solutions (HPPS) segment, driven by continued solid Myricom sales as well as royalty revenue from the E-2D,” said President and Chief Executive Office Victor Dellovo.  “In the HPPS segment, we recorded $1.9 million in royalty revenue related to three E-2D planes. We had already received royalty revenues related to two planes in the first half of the fiscal year, so we have reached our target of receiving royalty revenues for...
July 23, 2014 CSP Inc. to Announce Third-Quarter Fiscal 2014 Financial Results on August 6
Company to Webcast Conference Call Live BILLERICA, Mass., July 23, 2014 (GLOBE NEWSWIRE) - CSP Inc. (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its third-quarter 2014 financial results before the market opens on Wednesday, August 6, 2014. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the "Investor Relations" section of the Company's website at www.cspi.com. Individuals also may listen to the call via telephone, by dialing (866) 952-7535 or (785) 424-1836. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP's website.  About CSP Inc. Based in Billerica,...
June 9, 2014 Modcomp Named to CRN's 2014 Solution Provider 500 List
Annual List Ranks the Channel's Top Technology Integrators BILLERICA, Mass., June 9, 2014 (GLOBE NEWSWIRE) - CSP, Inc . (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that its North America subsidiary, Modcomp, has been named to the 2014 Solution Provider 500 (SP500) list by The Channel Company's CRN . The list ranks the top revenue-generating technology integrators in the U.S. and Canada, whose forward-thinking approach to the channel has helped them evolve and thrive in today's cloud and services-driven IT era. The CRN list spans eight categories from hardware and software sales, to managed IT services. This year, Modcomp increased its annual ranking to 197 of the 500 IT solution providers. Revenue size is determined by the amount of annual products and services sold over the course of 2013. "Modcomp is very pleased to be recognized again on the Solution Provider 500 list from The Channel Company, and we...
June 3, 2014 CSPI Introduces Next-Generation Cyber-Security/Network Monitoring Solution
Sniffer10G 3.0 Delivers Key Technology Enhancements Dr. Markus Fischer to Introduce Product at ISS World Europe Conference BILLERICA, MA, June 03, 2014 – CSP, Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced general availability of its next generation cyber-security/network monitoring solution, Sniffer10G 3.0.  The newest addition to the Myricom product family provides enterprise and government customers the ability to capture, inject, and analyze all network traffic at line rate on a 10Gigabit Ethernet network.  Featuring 100% lossless packet capture and packet injection, this performance enables thorough inspection of the network traffic to provide better detection of threats for cyber security environments. In addition to lossless packet capture and injection, Sniffer10G 3.0 provides the following enhancements: Flexible Multi-Core Operation – Sniffer10G 3.0 can now utilize all available CPU...
May 14, 2014 CSP Inc. Reports Second-Quarter Fiscal 2014 Financial Results
Announces Quarterly Dividend BILLERICA, MA, May 14, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the second quarter of fiscal 2014 ended March 31, 2014. The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record May 30, 2014 payable June 10, 2014. Effective with the second-quarter financial results, the Company has renamed its reporting segments to more accurately and clearly reflect the operating businesses in those segments. The former “Systems” segment is now called the “High Performance Products & Solutions” segment. This segment includes the MultiComputer business as well as the newly acquired Myricom business. The new name now better describes the new product composition and the future direction of the segment following the integration of Myricom. The former “Service and Systems...
May 1, 2014 CSP Inc. to Announce Second-Quarter Fiscal 2014 Financial Results on May 14
Company to Webcast Conference Call Live BILLERICA, MA,  May 1, 2014 – CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its second-quarter 2014 financial results before the market opens on Wednesday, May 14, 2014. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the "Investor Relations” section of the Company’s website at www.cspi.com.  Individuals also may listen to the call via telephone, by dialing (877) 407-5790 or (201) 689-8328. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP's website.  About CSP In Based in Billerica, Massachusetts and...
April 22, 2014 Modcomp Named to CRN’s 2014 List of Tech Elite 250
Billerica, MA - April 22, 2014 – CSP, Inc . (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that its Modcomp North America subsidiary has been named to CRN’s annual list of the Tech Elite 250 for the fourth straight year. These companies represent an elite group of IT solution providers that have invested in the training and education needed to earn the most advanced technical certifications from leading vendors. In compiling the list, CRN editors worked with The Channel Company’s research group to define the most customer-beneficial technical certifications in the IT channel.  These technical certifications - from vendors including Cisco, Citrix, Dell, EMC, HP, IBM, NetApp, Microsoft, VMware, and Symantec - have enabled solution providers to deliver the most premium products, service and support to their North American customers. “The solution providers highlighted on our annual Tech Elite 250 have...
March 3, 2014 CSP, Inc. Enhances Myricom Position in High Frequency Trading by Releasing New Version of DBL Software
CSP Delivers Reduced Latency for Latest Microsoft Windows Operating Systems BILLERICA, MA, March 3, 2014 – CSP, Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that it is enhancing its vertical market software offering for High Frequency Trading by releasing DBL 3.0 for Microsoft Windows Operating Systems.  The newest version of DBL delivers reduced latency and support for Arista Networks DANZ time stamping as well as support for the latest Windows Operating Systems including Windows Server 2012R2. DBL 3.0 achieves this significant reduction in latency through a newly added Transparent Acceleration mode for existing applications on the Microsoft Windows Operating System, improving performance and stability.  Performance test results show less jitter and average latency improvements of 0.5µs and up to 5.0µs depending on the complexity of socket operations. This latency improvement allows...
February 24, 2014 CSPI's Modcomp Germany Subsidiary Signs Multi-Million Dollar Managed Services Contract
Company to Provide End-to-End Managed Services for International IT Services Company BILLERICA, Mass. and COLOGNE, Germany, Feb. 24, 2014 (GLOBE NEWSWIRE) - CSP, Inc. (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that its Modcomp Germany subsidiary has signed its largest managed services contract to date. The multi-million dollar agreement provides end-to-end managed security services to an international information technology services company for three years. The contract extends Modcomp's existing relationship with the information technology services company, and encompasses 24x7 on-site security services to its global customer base. The services provided under this contract include hotline and online support, escalation procedures, updates, patches and bug fixes, on-site hardware exchange and system recovery. "Modcomp's extensive experience in delivering managed services solutions was a key factor in...
February 12, 2014 CSP Inc. Reports First-Quarter Fiscal 2014 Financial Results
Company Continues to Make Progress on Managed Services and Cross-Selling Initiatives BILLERICA, Mass., Feb. 12, 2014 (GLOBE NEWSWIRE) - CSP Inc . (Nasdaq: CSPI ), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the first quarter of fiscal year 2014 ended December 31, 2013. The Company also announced that its board of directors has voted to pay a quarterly dividend of $0.11 per share to shareholders of record February 27, 2014 payable March 11, 2014. Management Comments "We began fiscal 2014 with a solid quarter, reporting $21.3 million in revenue and $0.10 in earnings per diluted share," said President and Chief Executive Officer Victor Dellovo. "Across both of our operating segments we are executing well on our growth strategies." "At our Systems segment, we reported $1.1 million in royalty revenue related to the E-2D aircraft from Lockheed Martin to support the first phase of Full-Rate Production as...
February 3, 2014 CSP Inc. to Announce First-Quarter Fiscal 2014 Financial Results on February 12
Company to Webcast Conference Call Live BILLERICA, MA,  February 3, 2014 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its first-quarter 2014 financial results before the market opens on Wednesday, February 12, 2014. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the "Investor Relations” section of the Company’s website at www.cspi.com. Individuals also may listen to the call via telephone, by dialing (877) 407-5790 or (201) 689-8328.  For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website.  About CSP Inc Based in Billerica,...

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