ESCONDIDO, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leading provider of rugged enterprise-class computers for artificial intelligence (AI), machine learning (ML), and sensor processing at the edge, today announced an initial order valued at over $500,000 from the U.S. Army, expected to begin fulfilling in 2024. The order represents a new customer and platform win for OSS that the Company believes presents a multi-year opportunity based on current program requirements.
The first contract will leverage the company’s integrated hardware and storage software capabilities to support the U.S. Army’s efforts to test threat detection systems, countermeasures, and other survivability systems for the U.S. Army’s rotary wing aircraft. Under the program, OSS will deliver rugged 3U Short Depth Servers (SDS) for high-speed airborne data recording. The SDS was selected by the U.S. Army based on its proven performance in rugged land, sea, and air operations, including previously announced program wins in trucks, mobile command centers, underwater vehicles, and air platforms.
“Our long-standing success on Department of Defense ground, ship and air platforms such as the U.S. Navy’s P-8 maritime patrol and reconnaissance aircraft provides us with proven opportunities to extend our SDS products to support the U.S. Army’s rotary-wing platforms. Today’s announcement reflects our success in building sustainable capabilities on a new platform with multi-year funding. It also exemplifies OSS’s strategy to meet the most stringent military and aerospace industry requirements with standards-based, enterprise-class platforms for multiple applications and aircraft,” commented Robert Kalebaugh, VP of Sales at OSS.
About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leading provider of AI-powered solutions for the demanding edge. OSS designs and manufactures enterprise-class compute and storage products that enable robust AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to rugged and demanding applications, whether on land, at sea or in the air.
OSS products include rugged servers, compute accelerators, flash memory arrays, and storage acceleration software. These specialized compact products are used in numerous industries and applications, including autonomous trucking and agriculture, as well as aircraft, drones, ships, and vehicles in the defense industry.
OSS solutions cover the entire AI workflow, from high-speed data acquisition to deep learning and training to large-scale inference, and have brought many industry firsts to many industrial OEM and government customers.
As the fastest-growing segment of the multi-billion dollar edge computing market, AI-powered solutions require – and OSS delivers – the highest levels of performance in the most demanding environments without compromise.
OSS products are available directly or through global distributors. For more information, visit www.onestopsystems.com. You can also follow OSS on X, YouTubeAnd LinkedIn.
Forward-looking statements
One Stop Systems cautions you that statements in this press release that are not descriptions of historical facts are forward-looking statements. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be viewed as a representation by One Stop Systems or its partners that our plans or expectations will be achieved, including, but not limited to, the suitability of the SDS for rotary wing aircraft, actual revenues from initial and follow-on orders, timing of revenues for the U.S. Army, and technical specifications of the final solution. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in our business, including the risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent filings with the SEC. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. These cautionary statements apply in their entirety to all forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Media contacts:
Robert Kalebaugh
One Stop Systems, Inc.
Phone (858) 518-6154
Email Contact
Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Phone (216) 464-6400
Email Contact
