CSPI to Expand Myricom Product Portfolio

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BILLERICA, Mass., Dec. 16, 2013 (GLOBE NEWSWIRE) -- CSP Inc. (Nasdaq:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that it is enhancing the Myricom 10 Gigabit Ethernet adapter product line by adding 10GBASE-T support. With this interface, the Myri-10G products can now deliver 10Gigabit/second speeds over a familiar RJ45 Ethernet connector and twisted pair cables for a number of different customer applications.

Adoption of 10GBASE-T Ethernet ports had been slow due to their high cost and high power consumption compared to available 10 Gigabit Ethernet (10GbE) alternatives. However, recent advances in semiconductor technology have dramatically changed both parameters and are now driving strong growth. According to Crehan Research, 10GBASE-T is the fastest growing 10GbE connectivity solution in data centers and is expected to exceed all other alternatives by 2015, reaching more than 30 million ports in 2016. But data centers are only one of the markets that require fast network transfer speeds and the convenience of 10GBASE-T.

"The Video Content Creation market has already embraced 10GBASE-T because of the high 10 Gigabit Ethernet wire speed and the convenience of running up to 100 meters on standard CAT 6a cables," said Ron Amborn, President/CEO of Maxx Digital, a leading provider of cutting edge storage solutions for the feature film industry. "We have a long relationship with Myricom and are very excited about both the 10GBASE-T introduction and CSPI's investments in the Myri-10G product family."

"The Machine Vision market embraced Gigabit Ethernet with the GigE Vision Standard and is now ready to transition to 10GbE," according to John Ilett, President of Emergent Vision Technologies, which develops ultra-high speed cameras for industrial and machine vision applications. "We have worked closely with Myricom and their MVA software and are pleased to see the 10GBASE-T enhancement. Our customers want the high throughput provided by 10GbE along with the convenience of running through CAT 6a cables."

"We are very pleased with the market acceptance of our 10GBASE-T announcement," said William Bent VP/GM MultiComputer Division of CSPI. "We are focused on delivering key networking technology enhancements through the Myricom product family to our existing customers and the broader market. This is the first in a series of innovations we will be announcing over the coming months."

Evaluation samples of the 10GBASE-T versions of the Myri-10G adapters will be available in Q1, 2014.

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. Founded in 1970, Modcomp, Inc. is part of CSPI's Service and Systems Integration segment, 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.

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.

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

Source:CSP Inc.