CSP Inc. Announces Overwhelming Shareholder Support for Company's Director Nominees at Annual Meeting

Wed Feb 13, 2013 9:30am EST

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BILLERICA, Mass., Feb. 13, 2013 (GLOBE NEWSWIRE) -- CSP Inc.
 (Nasdaq:CSPI), a provider of IT solutions, systems integration services and dense cluster
computing systems, announced that shareholders overwhelmingly voted for the Company's director
nominees at its annual meeting today. Of the votes cast, 89% of shareholders voted for CSP's
director nominees to 11% for those put forward by North & Webster. North & Webster announced it
was withdrawing its proxy contest today shortly before the annual meeting.

"We appreciate the continued support of our shareholders and remain committed to enhancing
shareholder value," said CSP Inc. President and Chief Executive Officer Victor Dellovo. "While
this proxy contest unfortunately necessitated a high level of management time and significant
Company expense, we are pleased with the positive and decisive result."

The Company's slate of directors was unanimously supported by the leading proxy advisory firms,
Institutional Shareholder Services (ISS) and Glass Lewis. Nevertheless, the proxy fight with North
& Webster was expensive and time-consuming. Those expenses will necessarily be reflected in the
Company's results for the quarter and fiscal year. In addition, North & Webster made a number of
public statements that mischaracterized our audited financial statements, and impugned our Board
of Directors and management team without any basis in fact.

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
 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

The CSP, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14484

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, the Company's
efforts to enhance shareholder value. 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.

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