One Stop Systems (OSS) gained by 5.42% today to $2.14 per share after securing a new U.S. Army AI order!
OSS Receives Order for Rugged Enterprise Class Servers to Support U.S. Army
Multi-year opportunity represents new customer and new platform win
August 22, 2024 08:00 ET
ESCONDIDO, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- 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 Systems
One 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.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
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