Ann Desrochers
CSP Inc. MultiComputer Division
1(800) 325-3110 ext. 2200
adesroch@cspi.com

CSPI Development Systems Selected by Lockheed Martin/Indra Sistemas S.A. for Mk92 Program

BILLERICA, Massachusetts, February 11, 2002- CSP Inc. (NASDAQ: CSPI) MultiComputer Division, a leading supplier of high-performance cluster computing systems, announced that Lockheed Martin Naval Electronics & Surveillance Systems - Surface Systems in Moorestown, NJ and Indra Sistemas S.A. in Madrid, Spain, the premier Spanish defense company, have selected the CSPI 2000 SERIES products as the DSP component of a COTS technology upgrade initiative for the Mk92 Fire Control System

The Mk92 is a lightweight, compact family of fire control systems that provides AAW, ASuW and shore bombardment capabilities for naval surface combatants. The system combines integrated radar detection, command and control functions and multiple-channel engagement capability for fast reaction missile and gun operations. The modular design of the system makes it suitable for a variety of ship classes. Variants have been installed on more than seventy Oliver Hazard Perry class (FFG-7) frigates worldwide and the system is presently in use on the Santa Maria class frigates in the Spanish Navy as well as eight other international navies. It is also employed on U.S. Coast Guard cutters as well as international corvette/fast attack missile craft.

Lockheed Martin has been under contract with the U.S. Navy since the mid-1970s as the design agent for the Mk92 Gun and Missile Fire Control System. Over the life of the MK92 program, Lockheed Martin has continually developed improvements and upgrades for the fire control system. Teaming with Indra, Lockheed Martin will design and develop a state of the art Reconfigurable Generic Search DSP (RGSD) that will be used to perform surveillance and detection functions for the radar system

"We embrace the opportunity to provide products and support to the Lockheed Martin/Indra development and integration teams. We, like they, are committed to technology modernization efforts under the COTS initiative," stated William Bent, Jr., General Manager and Vice President of CSPI MultiComputer Division.

About CSP Inc.
Based in Billerica, Massachusetts, CSP Inc. (NASDAQ: CSPI) and its subsidiaries develop and market software for e-business solutions and image processing software, network management and storage systems integration services and high-performance computer systems for commerical, scientific, and defense customers worldwide.

CSP Inc. MultiComputer Division supplies ultra dense high-performance cluster computing systems for the high-end defense/technical and commercial computing markets as well as high-performance embedded systems for the signal/image processing market. Applications expertise, product innovation, strong technical support, and dedicated customer service make CSPI one of the industry's leading providers of high-performance cluster computer systems.

Applying its three decades of experience, the CSPI MultiComputer Division designs, manufactures, sells and services high-performance cluster computer systems for computer intensive applications needing tens to hundreds of processors interconnected with a very high bandwidth network. All the CSPI MultiComputer Division's current product are easily scalable to a very large size, are specially designed to require minimum space and power and are based upon open and standard hardware and software components

For more information about CSP Inc. or the 2000 SERIES and FastCluster products, visit http://www.cspi.com or call us at 1 (800) 325-3110.

About Lockheed Martin Naval Electronics & Surveillance Systems
NE&SS-Surface Systems is one of five major lines of business comprising the Lockheed Martin NE&SS business segment. NE&SS provides surface ship and submarine weapon systems, antisubmarine warfare and ocean surveillance systems, missile launching systems, radar and sensor systems, ship systems integration services and other advanced systems and services to customers worldwide. NE&SS is a unit of Lockheed Martin Corporation (NYSE: LMT) headquartered in Bethesda, MD. The corporation’s principal business areas are aeronautics, space, systems integration and technology services.

About Indra
Indra is the leading Spanish company in Defense and Information Technology. In 2000, the company generated revenues of 676.8 million of euros and a backlog of orders in excess of 970.1 million of euros. Its activities are distributed into three lines of business: Information Technologies (80%) and Simulation and automatic test systems, and Defence Electronic Equipment (20%).

Indra is an outstanding point of reference on the markets in which it operates, at both national and international level. Present in more than 40 countries on the five continents, more than 40% of its billing in 2000 came from its international activities. This position is strengthened by a network of delegations and permanent offices that provide the company with a sound insight into the markets on which it works, as well as by strategic international agreements and alliances.

‘Safe Harbor Provision’ Statement’
CSP Inc. 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 statements under the Act. Such forward-looking statements may include, but are not limited to, statements regarding the success of the Company and its subsidiary's products and services. The Company cautions that numerous factors could cause actual results to differ materially from any forward-looking statements made by the Company. Please refer to the section on forward-looking statements included in the Company's Form 10-K dated November 27, 2001 with the Securities and Exchange Commission.