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CSP Inc. Announces Key Executive Management Team Appointment

BILLERICA, Mass., April 21, 2015 (GLOBE NEWSWIRE) -- 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 President and General Manager, for CSPi's High Performance Products division.

Mr. Aggarwal has more than 30 years of experience in systems engineering including all aspects of hardware, software and system architecture. He has authored six patents in the area of high speed network processing. Mr. Aggarwal holds a BS in Electrical Engineering from University College Dublin, Ireland.

About CSPi

CSPi (Nasdaq:CSPI) maintains two distinct and dynamic divisions – High Performance Products and Technology Solutions – with a shared vision for technology excellence. CSPi's High Performance Products division offers extreme-performance Ethernet products for diverse applications, including cybersecurity, financial trading, content creation/distribution, storage networking applications, as well computer signal processing systems. CSPi's Technology Solutions division provides innovative technology solutions for network solutions, wireless & mobility, unified communications & collaboration, data center solutions, advanced security, along with professional and managed services across those technology focus areas. CSPi Technology Solutions works with the world's leading IT software and infrastructure companies to create solutions for the unique IT requirements of its customers. For more information, please visit www.cspi.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, those related to future growth and expansion. 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: For More Information Contact: Michele Merrell Vice President Global Marketing & Communications, CSPi 954.571.4622 michele.merrell@cspi.com

Source:CSP Inc.