OSS Receives Order for Rugged Enterprise Class Servers to Support U.S. Army
22 Agosto 2024 - 2:00PM
One Stop Systems, Inc. (“OSS” or the "Company") (Nasdaq: OSS), a
leader in rugged Enterprise Class compute for artificial
intelligence (AI), machine learning (ML) and sensor processing at
the Edge, today announced an initial purchase order valued at over
$500,000 from The U.S. Army that is expected to be recognized in
2024. The order represents a new customer, and a new platform win
for OSS, which the Company believes supports a multi-year
opportunity based on current program requirements.
The initial order 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 aircraft survivability systems for the U.S. Army’s
rotary-winged aircraft. Under the terms of the program, OSS will
supply rugged 3U Short Depth Servers (SDS) for high-speed airborne
data recording. The SDS was chosen by the U.S. Army for its proven
performance in rugged land, sea, and air deployments including
previously announced program wins in trucks, mobile command
centers, undersea vehicles, and airborne platforms.
“Our long-term success on Department of Defense Ground,
Shipboard and Air platforms such as the U.S. Navy’s P-8 maritime
patrol and reconnaissance aircraft, provides us with proven
capabilities to extend our SDS products to support the U.S. Army’s
rotary aircraft platforms. Today’s announcement reflects our
success in building sustaining capabilities on a new platform with
multi-year funding. It also exemplifies OSS’s strategy to support
the most rigorous demands of the Military and Aerospace industries
with enterprise class, standards-based platforms across multiple
applications and airframes,” commented Robert Kalebaugh, OSS VP of
Sales.
About One Stop SystemsOne Stop Systems, Inc.
(Nasdaq: OSS) is a leader in AI enabled solutions for the demanding
'edge'. OSS designs and manufactures Enterprise Class compute and
storage products that enable rugged AI, sensor fusion and
autonomous capabilities without compromise. These hardware and
software platforms bring the latest data center performance to
harsh and challenging applications, whether they are on land, sea
or in the air.
OSS products include ruggedized servers, compute accelerators,
flash storage arrays, and storage acceleration software. These
specialized compact products are used across multiple industries
and applications, including autonomous trucking and farming, as
well as aircraft, drones, ships and vehicles within the defense
industry.
OSS solutions address the entire AI workflow, from high-speed
data acquisition to deep learning, training and large-scale
inference, and have delivered many industry firsts for industrial
OEM and government customers.
As the fastest growing segment of the multi-billion-dollar edge
computing market, AI enabled solutions require-and OSS delivers-the
highest level of performance in the most challenging environments
without compromise.
OSS products are available directly or through global
distributors. For more information, go to www.onestopsystems.com.
You can also follow OSS on X, YouTube, and LinkedIn.
Forward-Looking StatementsOne Stop Systems
cautions you that statements in this press release that are not a
description 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 regarded as a representation by One Stop Systems or its
partners that any of our plans or expectations will be achieved,
including but not limited to, fitness of the SDS for the rotary
aircraft, actual revenue derived from the initial and follow on
orders, timing of the revenue 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 risk and
uncertainties inherent in our business, including 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 latest Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and the company undertakes no
obligation to revise or update this press release to reflect events
or circumstances after the date hereof. All forward-looking
statements are qualified in their entirety by this cautionary
statement, which is made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.
Media Contacts: Robert KalebaughOne Stop
Systems, Inc. Tel (858) 518-6154Email contact
Investor Relations:Andrew BergerManaging
Director SM Berger & Company, Inc. Tel (216) 464-6400Email
contact
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