OSS to Develop Ruggedized Liquid Cooling for a Commercial Autonomous Truck Customer

Rhea-AI Summary

One Stop Systems, Inc. (OSS) has secured a $300,000 order from a leading commercial vehicle manufacturer's subsidiary to develop a ruggedized Liquid Cooling System for self-driving technology in autonomous trucks. The order is for prototypes, with shipments expected to start later this year. This collaboration showcases OSS' expertise in high-performance compute systems for AI and ML applications.

Insights

Market Research Analyst

The order from One Stop Systems, Inc. (OSS) to design and manufacture a new ruggedized Liquid Cooling System for an autonomous truck deployment is a strategic move that taps into the growing market for autonomous vehicle technology. As autonomous vehicles become more prevalent, the need for advanced cooling systems to manage the heat generated by high-performance computing units is critical. The fact that OSS is working with a subsidiary of a major commercial vehicle manufacturer indicates a strong vote of confidence in OSS's technical capabilities.

The financial implications of this deal, although modest at $300,000 for prototypes, hint at the potential for significant future revenue streams as the technology moves from prototype to full-scale production. Investors should note the opportunity for OSS to deepen its relationship with the customer, which could lead to further orders for its high-performance compute and data logging systems. The long-term growth potential in this sector is considerable, given the emphasis on commercializing autonomous truck technology and the overall industry trend towards automation and AI-driven solutions.

Financial Analyst

With a prototype order valued at $300,000, OSS's financials could see a modest impact in the short term. However, the significance lies in the long-term implications and the scaling of production. The order's potential to transform OSS's revenue trajectory should be carefully monitored by investors. As shipments are expected to begin later this year, revenue recognition from this deal will likely be reflected in future financial statements.

Moreover, the partnership with a pioneer in self-driving technology could enhance OSS's market positioning and lead to increased investor confidence. The diversification into liquid cooling solutions represents a strategic expansion of OSS's product portfolio, which could mitigate risks associated with reliance on a limited range of products. Investors should consider the competitive landscape and OSS's ability to secure additional contracts within this niche market.

Technology Industry Analyst

The integration of a chassis-mounted liquid chiller, coolant pump and control system firmware by OSS represents a noteworthy advancement in the autonomous vehicle industry. Cooling solutions are a critical component for the reliability and efficiency of high-performance compute systems, particularly in rugged environments. OSS's expertise in this area could become a competitive differentiator as demand for robust edge computing solutions in autonomous vehicles grows.

Investors should recognize the technical challenges associated with developing these systems, including the need for reliability in diverse operating conditions. OSS's ability to meet these challenges can strengthen its brand reputation and lead to further market opportunities. The focus on Level 4 driving automation indicates a high level of technological sophistication, which could position OSS favorably as regulations and industry standards around autonomous vehicles continue to evolve.

Development Supports Transformative, Long-term Growth Opportunity

ESCONDIDO, Calif., March 26, 2024 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS), a leader in rugged high-performance compute (HPC) for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, has received an order from an existing OSS customer to design and manufacture a new ruggedized Liquid Cooling System for cooling self-driving technology in a commercial autonomous truck deployment.

The customer, a subsidiary of one of the world’s largest commercial vehicle manufacturers, is a pioneer in self-driving technology and is utilizing Level 4 driving automation for commercial trucks currently under development. The order is valued at $300,000 for prototypes, and OSS expects to begin shipments later this year.

Leveraging OSS’ engineering expertise to cool compact and ruggedized high-performance compute systems, OSS will integrate a chassis-mounted liquid chiller, coolant pump, and control system firmware to create a self-contained active cooling system for the customer’s advanced driver-assistance systems (ADAS). Each vehicle will utilize two such systems mounted externally on the back of the customer’s Level-4 autonomous trucks.

“We are excited to support our customer’s commercialization efforts by providing them with our leading liquid cooling expertise and solutions,” stated OSS president and CEO, Mike Knowles. “This prototype order has the potential to be a transformative opportunity for OSS as our customer begins to scale production in the coming years. In addition, we believe there are opportunities to expand our relationship further and provide our ruggedized, high-performance compute and data logging systems in addition to our liquid cooling solutions. Based on our customer’s current commercialization plan, we believe this new solution provides OSS with a long-term growth opportunity.”

About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI Transportable solutions for the demanding ‘edge.’ OSS designs and manufactures the highest-performance 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 on land, sea, or 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 X, YouTube, and LinkedIn.

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 or its partners that any of our plans or expectations will be achieved, including but not limited to, the timing and magnitude of the revenue from this commercial autonomous trucking opportunity, management’s expectation for expanded opportunities with this customer, the fitness of the cooling solution for the application, future changes to our business objectives, and other future financial projections. 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:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact

Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email Contact

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

FAQ

What is the value of the order received by OSS?

The order received by OSS is valued at $300,000 for prototypes.

Who placed the order for the new Liquid Cooling System?

The order was placed by an existing OSS customer, a subsidiary of one of the world’s largest commercial vehicle manufacturers.

What technology will the Liquid Cooling System be used for?

The Liquid Cooling System will be used for cooling self-driving technology in a commercial autonomous truck deployment.

What components will OSS integrate into the Liquid Cooling System?

OSS will integrate a chassis-mounted liquid chiller, coolant pump, and control system firmware into the system.

How many systems will each vehicle utilize?

Each vehicle will utilize two cooling systems mounted externally on the back of the Level-4 autonomous trucks.