Press Releases

December 23, 2015 CSP Inc. Reports Fourth-Quarter and Year-End Fiscal 2015 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the fourth quarter and full year fiscal 2015 ended September 30, 2015 .
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 December 31, 2015 payable January 11, 2016. Management Comments “We implemented significant and positive changes during fiscal 2015 in the products and services we provide our customers,” said President and Chief Executive Officer Victor Dellovo. “In addition, to ensure our ability to capitalize on the growth potential in front of us, we upgraded a high percentage of our personnel, across the globe, in sales, engineering and management. The year was also a financial success across all of our divisions with the exception of the UK. However, we are confident this geography is heading in the right direction under new...
December 18, 2015 CSP Inc. to Announce Fourth-Quarter Fiscal 2015 Financial Results on December 23
Company to Webcast Conference Call Live 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 2015 financial results before the market opens on Wednesday, December 23, 2015 .
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 http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (877) 876-9177 or (785) 424-1666. 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. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High...
August 12, 2015 CSP Inc. Reports Third-Quarter Fiscal 2015 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the third quarter of fiscal 2015 ended June 30, 2015 . 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 August 26, 2015 payable September 11, 2015. Management Comments "We had a successful third quarter overall, with the exception of a large loss in the UK that had a significant effect on our results," said President and Chief Executive Officer Victor Dellovo. "The UK loss was due to additional service contract costs for which we were unable to bill additional revenue, a write off of development expenses which we determined would have no future benefit, and severance and related costs for the reorganization of the UK operation." "At our High-Performance Products (HPP) division, we reported revenues from three E2-D planes and are on track to...
July 30, 2015 CSP Inc. to Announce Third-Quarter Fiscal 2015 Financial Results on August 12
Company to Webcast Conference Call Live 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 2015 financial results before the market opens on Wednesday, August 12, 2015 . 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 http://www.cspi.com/. Individuals also may listen to the call via telephone, by dialing (877) 876-9176 or (785) 424-1667. 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. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance...
July 7, 2015 CSP Inc. Announces General Availability of Fourth Generation of Myricom(R) Network Adapters
CSP Inc. (NASDAQ:CSPI), a provider of specialized, high-performance Ethernet products for diverse applications, today announced the general availability of their fourth generation of Myricom ® network adapters. The new Myricom adapters, initially shipping with DBL™ software, benefit customers seeking to speed up financial trading applications. These adapters offer more than just low latency. Server functions, such as A/B arbitration, are offloaded into the adapter hardware thereby improving the performance of the application itself. "The Myricom network adapters have generated positive feedback from beta site customers," said Mr. Scott Hiemstra, manager of CDW's financial services business. "We are extremely pleased to add this product to our portfolio, providing our customers with a superior option for reducing 'tick to trade' latency performance in the financial services industry." "CSPi's Myricom 10 Gigabit Ethernet adapters with DBL software are purpose built to enable extremely...
May 13, 2015 CSP Inc. Reports Second-Quarter Fiscal 2015 Financial Results
CSP Inc. (Nasdaq:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the second quarter of fiscal 2015 ended March 31, 2015 . 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 29, 2015 payable June 10, 2015. Management Comments "Our second-quarter results remained soft, as expected, given that we did not foresee any plane royalty revenue from E-2D planes until the second half of fiscal 2015," said President and Chief Executive Officer Victor Dellovo. "At the same time, we accomplished a great deal from a strategic and operational perspective that sets us up very well for the second half of the year, and even more so in fiscal 2016 and beyond." "At our High-Performance Products (HPP) division, we once again posted a strong quarter from Myricom's current product suite, which we initially had expected to decline...
May 6, 2015 CSP Inc. to Announce Second-Quarter Fiscal 2015 Financial Results on May 13
Company to Webcast Conference Call Live 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 2015 financial results before the market opens on Wednesday, May 13, 2015 . 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 http://www.cspi.com/. Individuals also may listen to the call via telephone, by dialing (866) 952-7532 or (785) 424-1834. 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, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries...
May 5, 2015 CSP Inc. Introduces Fourth Generation of Myricom(R) Network Adapters
CSP Inc. (Nasdaq:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today announced the release of their fourth generation of Myricom ® network adapters. Myricom adapters are used in performance monitoring, test and measurement, network probes, cybersecurity, financial trading, and content creation/distribution. The fourth generation of adapter technology delivers new domain-specific functions and provides a quick path to 100 Gbit solutions. For financial customers, these new products offer the lowest latency and highest message rates of any full-function adapter. CSPi Myricom adapters possess two unique features: A/B arbitration in hardware for up to four sources per feed and the ability to measure customer applications' "tick to trade" latency with low single-digit, nanosecond accuracy. Other features of the new adapters include support for more Ethernet ports per card and extremely accurate time stamps. "The network adaptor latency...
April 21, 2015 CSP Inc. Announces Key Executive Management Team Appointment
CSP, Inc. (NASDAQ: CSPI ), a provider of IT solutions and high-performance Ethernet products for diverse applications, today announced the appointment of a new executive to the organization. Vijay Aggarwal has joined the organization as the Vice President of Sales and Business Development for the CSPi High Performance Products division. Aggarwal brings extensive experience in ground-up sales and business development in the semiconductor and systems industries. Prior to CSPi, he was co-founder of several start-up companies, including Tilera and Gotham Networks. Vijay had been working with CSPi in a consultant role and now joins the company to focus on sales and business development opportunities for CSPi's Myricom products. "Vijay is very familiar with our target customers and markets. He has proven he can build a team and get new technologies adopted within these markets. Vijay is the ideal person to reach out to customers as we move quickly to 100 Gbit," said Craig Lund , Vice...
April 20, 2015 CSP, Inc. Launches New Unified Brand Image, Website and Architecture
Reflects New Corporate Image and Growth Strategy BILLERICA, MA, April 15, 2015 – CSP Inc. (NASDAQ: CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today announced that it has created a new, unified brand architecture that better reflects the Company’s image and growth strategy. CSPi’s new branding initiative follows a move last year by the Company to rename its reporting segments to more clearly reflect the operating businesses in each segment and its unified growth strategy. A key element of CSPi’s new growth strategy is to drive sales by focusing on cross selling within and between its segments. Under the new branding architecture, the Company’s segments include “CSPi High Performance Products,” which offers multicomputer products and offerings from the Myricom business (now under the unified CSPi brand as “Myricom, Products by CSPi”) as well as “CSPi Technology Solutions,” which includes all of the formerly branded Modcomp...
April 15, 2015 CSP, Inc. Launches New Unified Brand Image, Website and Architecture
Reflects New Corporate Image and Growth Strategy CSP Inc. (Nasdaq:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today announced that it has created a new, unified brand architecture that better reflects the Company's image and growth strategy. CSPi's new branding initiative follows a move last year by the Company to rename its reporting segments to more clearly reflect the operating businesses in each segment and its unified growth strategy. A key element of CSPi's new growth strategy is to drive sales by focusing on cross selling within and between its segments. Under the new branding architecture, the Company's segments include "CSPi High Performance Products," which offers multicomputer products and offerings from the Myricom business (now under the unified CSPi brand as "Myricom, Products by CSPi") as well as "CSPi Technology Solutions," which includes all of the formerly branded Modcomp businesses, which now have been unified...
April 7, 2015 Modcomp Systems & Solutions Named to 2015 List of CRN Tech Elite 250
Annual List Recognizes IT Solution Providers With Deep Technical Expertise and Premier Certifications BILLERICA, Mass., April 7, 2015 - CSP, Inc. ( CSPI ), a global technology company, today announced that its North America subsidiary, Modcomp Systems & Solutions, has been named to The Channel Company's CRN (R) Tech Elite 250. This annual list recognizes 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, The Channel Company's research group and CRN editors collaborated to assess 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, among others—have enabled solution providers to deliver an outstanding level of premium products, services and support to their North American customers. "We are very...
February 11, 2015 CSP Inc. Reports First-Quarter Fiscal 2015 Financial Results
BILLERICA, MA, February 11, 2015 – 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 2015 ended December 31, 2014. The Company also announced that its board of directors has voted to pay a quarterly dividend of $.11 per share to shareholders of record February 26, 2015 payable March 12, 2015. Management Comments “Our first-quarter results were soft, as expected, given that we did not expect to receive any royalty revenue from E-2D planes until the second half of fiscal 2015,” said President and Chief Executive Office Victor Dellovo. At the same time, from a strategic perspective it was a quarter of excellent progress on each aspect of our long-term growth strategy.”  “At our High-Performance Products & Solutions (HPPS) segment, revenue increased by 17% in the quarter as a result of robust sales of Myricom’s legacy products,” said Dellovo....
February 3, 2015 CSP Inc. to Announce First-Quarter Fiscal 2015 Financial Results on February 11
Company to Webcast Conference Call Live BILLERICA, MA, February 3, 2015 – 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 2015 financial results before the market opens on Wednesday, February 11, 2015. 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) 952-1907 or (785) 424-1826. 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, Massachusetts...

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