CSP Receives Delisting Notification From Nasdaq

CSP Inc. (Nasdaq: CSPI), a provider of IT Solutions, systems integration services and
dense cluster computing systems, announced today that on January 19, 2005 it
received a letter from the Nasdaq National Market notifying the Company that
because the Company had failed to file with Nasdaq its annual report on Form
10-K for its fiscal year ended September 30, 2004, as required by Marketplace
Rule 4310(c)(14), its securities are subject to delisting from the Nasdaq
Stock Market.

On January 21, 2005, the Company filed with the Securities Exchange
Commission, and with Nasdaq, its annual report on Form 10-K for its fiscal
year ended September 30, 2004

About CSP Inc.

Based in Billerica, Massachusetts and founded in 1968, CSP Inc.
(Nasdaq: CSPI) and its subsidiaries develop and market best-of-breed IT
solutions, image processing software, systems integration services, and high-
performance computer systems. Its Systems segment includes the MultiComputer
Division, which supplies high-performance Linux cluster systems for a broad
array of defense applications, including radar, sonar and surveillance signal
processing. The Company's MODCOMP, Inc. subsidiary, also part of its Service
and System Integration segment, was founded in 1970 and which includes the
fiscal 2003 acquisition of Technisource, is a leading provider of IT solutions
and systems integration services. MODCOMP works with third parties to develop
customized solutions in the global IT markets and has offices in the U.S.,
U.K., and Germany. More information about CSP is available on the Company's
website at http://www.CSPI.com. To learn more about MODCOMP, Inc., please
consult http://www.modcomp.com. More information about Scanalytics, Inc. is
available at http://www.scanalytics.com.

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