OSS Receives Contract Extension for Flash Storage Arrays for Navy’s P-8A Aircraft
December 21 2022 - 8:31AM
One Stop Systems, Inc. (Nasdaq: OSS), a leader in AI Transportable
compute and storage solutions at the edge, has received a sole
source, five year contract extension to continue providing
ruggedized transportable flash storage arrays and related supplies
to a prime contractor for the U.S. Navy.
The extension, which becomes effective January 1, 2023, is a
follow on to the current $36 million, five-year sole-source
supplier agreement. This agreement involves equipping the Navy’s
P-8A reconnaissance aircraft and ground base stations with
high-capacity flash storage systems, spare flash storage canisters
and support services.
“This leading prime military contractor’s continued commitment
is due to our proven capabilities in providing high-performance
flash storage solutions for challenging environments,” stated OSS
CEO, David Raun. “The extended exclusive supplier agreement
highlights our technology leadership and long history of delivering
rugged storage solutions for transportable applications in a small,
lightweight and portable form factor, particularly those involving
secure high-speed data recording.”
Designed and manufactured by OSS, these full mil-spec storage
systems feature hot-swappable canisters of high-capacity NVMe flash
storage that may be easily removed and securely transported to
ground stations upon the aircraft’s return to base. Controlled by
the company’s exclusive Ion Accelerator storage software, these
flash storage arrays store high volumes of real-time data collected
from the aircraft’s advanced airborne sensors comprised of
multifunction radar and associated tracking systems.
“We anticipate that this extended relationship will lead to new
opportunities with this marquee customer,” added Raun, “especially
given that our storage technology has become the de-facto standard
for this U.S. Navy surveillance aircraft.”
About One Stop SystemsOne Stop Systems, Inc.
(Nasdaq: OSS) is a global leader in AI Transportable solutions for
the demanding ‘edge.’ It designs and manufactures the highest
performance compute and storage products that enable autonomous and
artificial intelligence (AI) capabilities without compromise. These
hardware and software platforms bring the latest data center
performance to the 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 Transportables 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 Twitter, 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 volume or timing of sales to this
customer, the continuing fitness of the flash storage array for a
reconnaissance aircraft application, or the functionality of the
features and NVMe flash products in transportable applications.
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 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: Katie RiveraOne Stop Systems,
Inc. Tel (760) 745-9883Email contact
Tim RandallCMA Media RelationsTel (949) 432-7572Email
Contact
Investor Relations:Ronald Both or Grant
StudeCMA Investor RelationsTel (949) 432-7557 Email contact
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