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CSPI'S THIRD QUARTER CONTINUES GROWTH

 BILLERICA, Mass., June 16 /PRNewswire/ -- Sales of $4,602,000 represent a 13 percent increase over the same period last year, while income before taxes improved by 24 percent and EPS strengthened to 18 cents.
 SuperCard's destined for COTS applications continue to dominate the sales with strong contributions from non-military customers. Year-to- date Scanalytics sales have already surpassed last year's total and include CellScan placements into several strategically important locations.
 Increases in Engineering expenses reflect the costs of completing the SuperCard 4 development, which is anticipated to commence shipment this summer. With eight i860 microprocessors, SC4XL has the highest density of processing power within the VME 6u format. New Scanalytics products being readied for shipment in Q4 include a CCD camera-based photo-documentation device for recording the results of fluorescently tagged DNA electrophoresis experiments and an upgraded quantitation software package running under Microsoft Windows 3.1. Incremental marketing/sales expenses are due to direct sales activities for Scanalytics. Total YTD operating expenses as a percent of sales improved to 52.3 percent from 54.5 percent last year.
 Gross margins have held up well with respect to last year and inventory turns increased to 4.8 in response to continued efforts to streamline internal operations.
 CEO David Botten commented, "Another impressive quarterly performance and continued indication of the strength of our products and markets."
 CSPI (NASDAQ-NMS: CSPI) was founded in 1968 with specific strengths in digital signal processing and computer technology. Today, CSPI is recognized as a leading manufacturer of vector processors, which enhance a computer's ability to perform high-speed arithmetic. Markets served include science and engineering applications in signal processing, sonar/radar/ASW, image processing, seismic research, medical imaging, electronic publishing and others. In addition to its vector processor products, CSPI recently formed a new division, Scanalytics, for the development and marketing of turnkey bio-imaging systems. CSPI is a public company with stock traded OTC via NASDAQ.
 CSP, INC. AND SUBSIDIARIES
 Condensed Statements of Operations
 (unaudited)
 (Dollars in thousands, except for per share amounts)
 Three Months Ended Nine Months Ended
 May 28, May 31, May 28, May 31,
 1993 1992 1993 1992
 Sales $4,620 $4,084 $13,824 $11,854
 Cost of sales 1,569 1,383 4,760 4,265
 Engineering and
 development 903 748 2,495 2,224
 Marketing and sales 1,083 967 3,084 2,735
 General and
 administrative 534 535 1,608 1,499
 Total costs and
 expenses 4,089 3,633 11,947 10,723
 Operating profit 531 451 1,877 1,131
 Investment income, net 191 130 428 503
 Income before taxes $722 $581 $2,305 $1,634
 Net income $501 $436 $1,475 $1,133
 Primary earnings per
 share 18 cents 16 cents 53 cents 42 cents
 Weighted average
 shares outstanding 2,800 2,756 2,785 2,748
 -0- 6/16/93
 /CONTACT: Gary Levine, vice president of finance of CSPI, 508-663-7598/
 (CSPI)


CO: CSP, Inc. ST: Massachusetts IN: CPR SU: ERN

DJ -- NE004 -- 2576 06/16/93 11:31 EDT
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Date:Jun 16, 1993
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