ITT Industries Night Vision Uses MODCOMP's Integration Solution to Streamline Supply Chain Management

ViewMax® Provides Product and Inventory Control Personnel with Web Access to Strategic Real-time Production and Supply Information

January 4, 2001, Ft. Lauderdale, FL - MODCOMP®, Inc. (www.modcomp.com), a subsidiary of CSP Inc. (NASDAQ: CSPI) and a leading developer of E-commerce and M-business solutions, today announced that ITT Industries Night Vision, a division of ITT Industries, Inc. (NYSE: IIN) and a leading manufacturer of night vision systems for U.S. armed and allied forces, will implement MODCOMP's ViewMax Web-to-Host solution to offer its Product and Inventory Control Department Web access to the department's legacy system.

ITT Night Vision will use the ViewMax solution to access real-time product and inventory control information from the department's MRP II legacy systems. A Web browser will now serve to consolidate multiple interfaces and enable their personnel to retrieve order issues, transfer information, and generate stockroom receipts through a user-friendly, point-and-click screen. Instant access to product component and inventory information will enable ITT Night Vision to better manage the supply of components and optimize the order fulfillment process.

"By integrating our technology, ITT Night Vision employees will have secure access to the information they need to streamline production efficiencies and provide a quicker product turn-around," said Rob Crigler, vice president of sales and marketing for MODCOMP's E-commerce Division. "This solution provides them a valuable link to better customer service."

ITT Night Vision chose to implement MODCOMP's ViewMax technology after a product demonstration last year.

"We were impressed with the way ViewMax easily allows us to access the legacy system through a Web front, and how quickly the technology could be integrated with our systems," said Tim Conway, Information Systems Director of ITT Industries Night Vision. "Our staff will now have instant and easy access to the production and inventory information which they need to expedite orders." ITT Night Vision fully implemented the solution in November 2000.

About ITT Industries Night Vision:
ITT Industries, Inc. (www.ittind.com) is a global engineering and manufacturing company with leading positions in the markets it serves. The company reported 1999 sales of $4.6 billion from its four segments: Connectors and Switches, Defense Products and Services, Pumps and Complementary Products, and Specialty Products. Headquartered in White Plains, NY, the company employs approximately 38,000 people around the world. In addition to the New York Stock Exchange, ITT Industries is traded on the Midwest, Pacific, London, Paris and Frankfurt exchanges.

About MODCOMP, Inc.:
MODCOMP, Inc. is a CSP Inc. subsidiary based in Ft. Lauderdale, Fla. The company's E-commerce Division is a leading provider of Internet software solutions and systems integration. MODCOMP works with third parties to develop customized application solutions in the global E-commerce markets and has offices in the U.S., U.K., and Germany. For more information about MODCOMP, Inc., call (800) 322-3287, email info@modcomp.com, or visit http://www.modcomp.com.

About CSP Inc.
Based in Billerica, Mass., CSP Inc. (NASDAQ: CSPI) and its subsidiaries develop and market Internet software for E-commerce solutions, image processing software, network management integration services and high performance cluster computer systems. For more information about CSP Inc., call (978) 663-7598 or visit http://www.cspi.com.

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 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's 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 filed November 24, 2000 with the Securities and Exchange Commission.

To learn more about CSP Inc., consult www.cspi.com.
To learn more about MODCOMP, Inc., consult www.modcomp.com.
To learn more about Scanalytics, Inc., consult www.scanalytics.com.

MODCOMP, Inc. Contact: Robert Crigler, Tel: +1 678 417 1731, E-mail: crigler@modcomp.com

Press Contact: Clint Poole, +1 978 475 0600 x 208, E-mail: cpoole@itmediagroup.com

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Note to Editors: MODCOMP and ViewMax are registered trademarks and ScadaBase is a trademark of MODCOMP, Inc. All product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

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