CSP Inc. Announces Activation of Stock Repurchase Program
29 Dezembro 2021 - 5:03PM
CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and
packet capture products, managed IT and professional services and
technology solutions, reported that its Board of Directors has
approved the activation of its suspended stock repurchase program.
Under the previously approved plan, the company has authorization
to buy up to 194,000 shares of its Common Stock. Stock purchases
under the program will be made from time-to-time at the discretion
of management.
About CSPi
CSPi (NASDAQ: CSPI) operates two divisions,
each with unique expertise in designing and implementing technology
solutions to help their customers use technology to success. The
High Performance Product division, including ARIA
Cybersecurity Solutions, originated from supporting initiatives for
the Department of Defense and Western intelligence agencies related
to network monitoring, data protection, and intelligence
initiatives. This focused mindset now results in foolproof data
protection, enterprise wide. Our ARIA Software Defined Security
solutions set provides enhanced network security, as well as
accelerating incident response capabilities, while our Myricom nVoy
Series appliances provide automated breach identification and
notification, enabled by the 10G dropless packet capture inherent
in our Myricom intelligent adapters. CSPi’s Technology
Solutions division helps clients achieve their business goals
and accelerate time to market through innovative IT solutions and
professional services by partnering with best-in-class technology
providers. For organizations that want the benefits of an IT
department without the cost, we offer a robust catalog of Managed
IT Services providing 24×365 proactive support. Our team of
engineers have expertise across major industries supporting five
key technology areas: Advanced Security; Communication and
Collaboration; Data Center; Networking; and Wireless &
Mobility.
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, the Company’s intent to
repurchase stock under its existing stock repurchase programs.
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 Securities and Exchange Commission (“SEC”). Please refer
to the section on forward-looking statements included in the
Company's filings with the SEC.
Contacts
CSP Inc.Gary Levine, 978-954-5040Chief Financial Officer
CSP (NASDAQ:CSPI)
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