CSPi Enhances Board of Director Capabilities with Addition of Cybersecurity Expert
Rhea-AI Summary
CSPi (NASDAQ:CSPI) appointed James J. LaBonty to its Board of Directors effective March 17, 2026. Mr. LaBonty will join the nominating and compensation committees and will stand for re-election at the company's expected February 2027 annual meeting.
He brings over 30 years in process automation and OT cybersecurity, including roles at Pfizer and as CEO of OT Cyber Specialists, LLC. Management said his expertise will be used to accelerate adoption of the company's AZT PROTECT cybersecurity solution and strengthen OT capabilities.
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News Market Reaction – CSPI
On the day this news was published, CSPI gained 0.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CSPI was down 1.01% while peer WYY appeared in momentum scanners, rising 6.22% with no same‑direction moves from other peers, suggesting stock-specific trading rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-03-04 | Product deployment win | Positive | +4.1% | First AZT PROTECT deployment at a leading food producer’s production infrastructure. |
| 2026-02-24 | Product deployment win | Positive | +1.5% | First AZT PROTECT deployment at a major U.S. oil refiner’s OT environment. |
| 2026-02-12 | Earnings results | Positive | -8.4% | Fiscal Q1 2026 profit with higher gross margin and services revenue growth. |
| 2026-02-09 | Product partnership | Positive | -1.6% | AZT PROTECT demo with Acronis to extend life of Windows 10 OT systems. |
| 2026-02-06 | Earnings date notice | Neutral | +2.9% | Announcement of upcoming fiscal 2026 first-quarter results release date. |
Recent AZT PROTECT and product announcements have produced mixed reactions: some positive price responses to deployment wins but notable selloffs following seemingly favorable quarterly results and partnership news.
Over the past few months, CSPI highlighted multiple milestones around its AZT PROTECT cybersecurity offering, including deployments at a leading food producer on Mar 4, 2026 and a major oil refiner on Feb 24, 2026, both followed by modest gains. Fiscal Q1 results on Feb 12, 2026 showed $12.0M revenue, 39.3% gross margin, and a profit, yet the stock fell. Today’s board-level cybersecurity appointment fits the ongoing push to expand AZT PROTECT’s presence within operational technology environments.
Market Pulse Summary
This announcement adds a director with over 30 years of OT and cybersecurity experience, aligning with CSPi’s push to grow its AZT PROTECT offering. Recent history shows multiple AZT-related wins and demonstrations, alongside fiscal Q1 results with $12.0M revenue and improved margins. Investors may watch how this expertise translates into additional AZT deployments, revenue mix shifts toward higher-margin services, and any follow-on governance or leadership changes disclosed in future filings.
Key Terms
operational technology (ot) technical
manufacturing execution system (mes) technical
AI-generated analysis. Not financial advice.
Company Plans to Leverage Proven Success within Operational Technology (OT) Market to Accelerate Adoption of AZT PROTECT
LOWELL, MA / ACCESS Newswire / March 17, 2026 / CSPi (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, yesterday announced that James J. LaBonty, a cybersecurity industry veteran, has been appointed as a director of the Company. Mr. LaBonty will serve on the nominating committee and compensation committee of the Board of Directors and will be standing for re-election at the Company's 2027 Annual Meeting of Stockholders, which is expected to be held in February 2027.
Mr. Labonty, who has over 30 years of Process Automation, Operational Technology (OT) Cybersecurity, Manufacturing Execution System (MES) and Integrated System Architect experience, will be invaluable as the Company continues to raise awareness of its award-winning AZT PROTECT offering. Mr. LaBonty currently serves as Chief Executive Officer of OT Cyber Specialists, LLC, a consulting firm focusing on protecting critical infrastructure from cyber threats in the manufacturing, energy, utilities, and transportation sectors. Prior to this role, from 2010 to 2022, he was employed by Pfizer Inc. as Director, Pfizer Global Engineering leading Pfizer's process automation group, where he was responsible for leading strategy, global standards, global supplier/ vendor contracts and SME guidance & direction to Pfizer global manufacturing sites, as well as fostering team and network collaborations with Pfizer IT, center groups and site automation team colleagues.
"I believe the addition of Jim to our Board, which coincides with the increased traction we are experiencing for our highly differentiated and award-winning AZT PROTECT cybersecurity solution, is an opportune time to strengthen our core competency within the OT workplace," commented Victor Dellovo, President and CEO. "With over three decades of work-related expertise, James' reputation within the cybersecurity market is well-earned and I am looking forward to working with him and leveraging his expertise to accelerate the adoption of AZT PROTECT."
About CSPi
CSPi (NASDAQ:CSPI) operates in 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 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.
CONTACT:
CSP Inc.
Gary Levine, 978-954-5040
Chief Financial Officer
SOURCE: CSP Inc.
View the original press release on ACCESS Newswire
FAQ
Who is James J. LaBonty and why did CSPi (CSPI) add him to the board?
What board roles will James LaBonty hold at CSPi (CSPI) and when is he up for re-election?
How does James LaBonty’s background relate to CSPi’s AZT PROTECT product?
Does the appointment of James LaBonty signal a strategic shift for CSPi (CSPI)?
When was CSPi’s announcement of James LaBonty’s board appointment made and where is CSPi listed?
