OSS Gen 4 PCIe Production Orders in 2020 Top $3.5 Million

Rhea-AI Summary

One Stop Systems (Nasdaq: OSS) announced over $3.5 million in production orders for its new Gen 4 PCIe products from various OEM customers, scheduled for delivery in 2020. As the pioneer of Gen 4-based components, OSS continues to lead in high-performance edge computing. Notable orders include components for NVMe flash memory testing and the StorageBox 2000 for an Asian flash memory manufacturer, aimed at enhancing data center speed and efficiency.

Positive

• Received over $3.5 million in production orders for Gen 4 PCIe products.
• First company to offer Gen 4 solutions, enhancing leadership in edge computing.
• Orders from prominent customers, indicating strong market demand.

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• None.

ESCONDIDO, Calif., May 11, 2020 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS) has received more than $3.5 million in production orders for its new Gen 4 PCIe products from multiple OEM customers for delivery in 2020. As the first company to introduce Gen 4-based components to the market, the orders demonstrate OSS’ continued leadership in high-performance edge computing.

The Gen 4 PCIe production orders include those placed by a market leader in NVMe flash memory testing and validation tools. The customer plans to incorporate two OSS Gen 4 PCIe cable adapters and an OSS Gen 4 backplane in its testing equipment. The equipment will ultimately be used by Tier 1 NVMe flash memory vendors that provide high-performance SSD storage for the next generation of gaming laptops, mobile workstations, public and private cloud datacenter and AI on the Fly® edge computing infrastructure.

Other orders include the OSS PCIe Gen 4 all-flash array StorageBox 2000 to be used by an Asian flash memory manufacturer, with additional orders for two data center applications in partnership with Liqid, a provider of software-defined composable infrastructure. One data center application will use a OSS 4UV Gen 4 storage system and the other a OSS Gen 4 GPU acceleration system. These composable infrastructure solutions are designed to double datacenter hardware speed and utilization versus previous Gen 3-based systems.

“OSS was the first-to-market with Gen 4 solutions, doubling the performance of the most demanding of HPC deployments on the edge,” noted Jim Ison, OSS chief sales and marketing officer. “Working closely with our customers and partners, OSS is leading the global transition to Gen 4.”

About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures innovative specialized high-performance computing modules and systems, including customized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator storage software. These products are used for deep learning, AI, defense, finance and entertainment applications, and empower scientists, engineers, creators and other professionals to push the boundaries of their industries.

OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for OEMs and government customers. The company enables AI on the Fly® by bringing AI datacenter performance to ‘the edge’ and on mobile platforms, and by addressing the entire AI workflow, from high speed data acquisition to deep learning, training and inference. OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com.

Forward-Looking Statements
One 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 that any of our plans will be achieved.

Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the quantity and timing of Gen 4 product shipments, the fitness of our products for Tier 1 storage or composable infrastructure applications, customers or markets, global pandemics (including COVID-19) or other disasters or public health concerns in regions of the world where we have operations or source material or sell products, and other 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 we undertake 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 Contact:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact

Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7557
Email contact

FAQ

What is the significance of the $3.5 million in orders for OSS?

The $3.5 million reflects strong demand for OSS's new Gen 4 PCIe products, positioning the company as a leader in high-performance edge computing.

Who are the customers placing orders for OSS's Gen 4 products?

OSS has secured orders from multiple OEM customers, including a leader in NVMe flash memory testing and an Asian flash memory manufacturer.

When will the Gen 4 PCIe products be delivered by OSS?

The Gen 4 PCIe products are scheduled for delivery in 2020.

What applications will OSS's new products serve?

The new products will be used in high-performance computing applications, including testing equipment for gaming laptops and data centers.

How does OSS's Gen 4 technology compare to previous generations?

OSS's Gen 4 technology doubles the performance of previous Gen 3 systems, substantially improving efficiency in data centers.