OSS Announces Design Win with an Award-Winning AI Infrastructure Company
14 November 2024 - 12:00AM
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 a new order from an established
award-winning AI infrastructure company. The customer provides
research, education, defense and commercial markets with Composable
Disaggregated Infrastructure (CDI), an IT framework that allows
data center resources to be managed and provisioned on demand based
on the specific requirements of applications or workloads. Under
the terms of the order, OSS will provide its best-in-class PCIe 5.0
8-way, 16-way, and 32-way compute accelerator platforms to enable
CDI for GenAI/ML, high performance compute (HPC), visualization and
data science applications.
The initial purchase order is valued at $2 million, with
production expected to start during the first quarter of 2025 and
deliveries to be completed by year end. The initial
100-piece order consists of 50 OSS Ponto Reef compute accelerators
and 50 OSS Gen5 4UPro Accelerator Systems. OSS expects to receive
follow-on orders from this customer over the next several
years.
“We are excited to leverage our best-in-class PCIe capabilities
to support a new commercial customer in the CDI and datacenter
market. For this relationship, we developed an industry-first PCIe
5.0 expansion system, product named Ponto Reef, supporting up to 32
PCIe Accelerator Devices in a single chassis, enabling a
best-in-class, high-density solution to serve GenAI/ML, HPC,
visualization and data science applications. The CDI and datacenter
market is evolving rapidly, requiring new solutions that can
provide the performance necessary for the highest and most
demanding compute needs. We believe our PCIe expertise and leading
technologies are well positioned to support the growing
requirements of the CDI and datacenter market,” commented Mike
Knowles, OSS President and CEO.
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, the variability in the
timing or magnitude of the revenue attributable to this program
win, the fitness of the Company’s PCIe, Ponto Reef, 4UPro and U-BMC
solutions with the composable disaggregated infrastructure market,
and expectations concerning the Company’s business strategies.
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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