TSS, Inc. Signs Long Term Lease for Larger Factory to Support Accelerating Demand for AI-Enabled Technologies
TSS Inc. (Nasdaq:TSSI) has signed a multi-year lease agreement for a 212,793 square foot facility at Georgetown Logistics Park, Texas. This expansion more than doubles the company's current space and is part of their headquarters relocation plan to support growing AI integration demands.
The expansion follows a previously announced long-term agreement with their primary customer in October. The company plans to begin facility fit-out immediately and expects to be operational in the first quarter of 2025. This strategic move aims to enhance TSS's capacity to meet increasing market demands for AI infrastructure services.
TSS Inc. (Nasdaq:TSSI) ha firmato un contratto di locazione pluriennale per una struttura di 212.793 piedi quadrati presso il Georgetown Logistics Park, Texas. Questa espansione raddoppia più che il l'attuale spazio dell'azienda ed è parte del loro piano di trasferimento della sede per supportare le crescenti esigenze di integrazione dell'IA.
L'espansione segue un accordo a lungo termine precedentemente annunciato con il loro cliente principale in ottobre. L'azienda prevede di iniziare immediatamente l'allestimento della struttura e si aspetta di essere operativa nel primo trimestre del 2025. Questa mossa strategica mira a potenziare la capacità di TSS di soddisfare le crescenti esigenze di mercato per i servizi di infrastruttura per l'IA.
TSS Inc. (Nasdaq:TSSI) ha firmado un contrato de arrendamiento a varios años para una instalación de 212,793 pies cuadrados en Georgetown Logistics Park, Texas. Esta expansión más que duplica el espacio actual de la empresa y forma parte de su plan de reubicación de la sede para apoyar la creciente demanda de integración de IA.
La expansión sigue a un acuerdo a largo plazo previamente anunciado con su cliente principal en octubre. La compañía planea comenzar de inmediato el acondicionamiento de la instalación y espera estar operativa en el primer trimestre de 2025. Este movimiento estratégico tiene como objetivo mejorar la capacidad de TSS para satisfacer la creciente demanda del mercado de servicios de infraestructura de IA.
TSS Inc. (Nasdaq:TSSI)는 텍사스 조지타운 물류공원에서 212,793 평방피트 규모의 시설에 대한 다년 계약을 체결했습니다. 이번 확장은 회사의 현재 공간을 두 배 이상 늘려주며, 증가하는 AI 통합 요구를 지원하기 위한 본사 이전 계획의 일환입니다.
이 확장은 10월에 주요 고객과 체결한 장기 계약에 따른 것입니다. 이 회사는 즉시 시설 설계를 시작할 계획이며 2025년 1분기에 가동을 시작할 것으로 예상하고 있습니다. 이 전략적 결정은 TSS가 증가하는 시장의 AI 인프라 서비스 수요를 충족하기 위한 능력을 강화하는 것을 목표로 하고 있습니다.
TSS Inc. (Nasdaq:TSSI) a signé un contrat de location pluriannuel pour une installation de 212 793 pieds carrés au Georgetown Logistics Park, au Texas. Cette expansion double plus que l'espace actuel de l'entreprise et fait partie de leur plan de relocation du siège pour soutenir les demandes croissantes d'intégration de l'IA.
Cette expansion fait suite à un accord à long terme précédemment annoncé avec leur principal client en octobre. L'entreprise prévoit de commencer immédiatement l'aménagement de l'installation et s'attend à être opérationnelle au premier trimestre de 2025. Ce mouvement stratégique vise à améliorer la capacité de TSS à satisfaire les demandes croissantes du marché en matière de services d'infrastructure d'IA.
TSS Inc. (Nasdaq:TSSI) hat einen mehrjährigen Mietvertrag für eine 212.793 Quadratfuß große Anlage im Georgetown Logistics Park, Texas, unterzeichnet. Diese Expansion mehr als verdoppelt den aktuellen Raum des Unternehmens und ist Teil ihres Umzugsplans für die Hauptstelle, um den wachsenden Anforderungen an die KI-Integration gerecht zu werden.
Die Expansion folgt einem zuvor im Oktober angekündigten langfristigen Vertrag mit ihrem Hauptkunden. Das Unternehmen plant, sofort mit dem Ausbau der Anlage zu beginnen, und erwartet, im ersten Quartal 2025 betriebsbereit zu sein. Dieser strategische Schritt zielt darauf ab, die Kapazität von TSS zu erhöhen, um den steigenden Marktanforderungen für KI-Infrastruktur-Dienste gerecht zu werden.
- More than doubles facility space to 212,793 square feet
- Secured long-term agreement with primary customer
- Expansion supports growing AI infrastructure demand
- Significant lease commitment increases fixed costs
- Operational costs for facility fit-out
- Potential execution risks in facility transition
More than Doubles Space to almost 213,000 Square Feet and Expands Power Infrastructure to Support Multi-year Customer Agreement
ROUND ROCK, TEXAS / ACCESSWIRE / December 5, 2024 / TSS, Inc. (Nasdaq:TSSI), a data center services company that integrates AI and high-performance computing infrastructure and software today announced it has signed a multi-year agreement to lease 212,793 square feet of space in the Georgetown Logistics Park located in Georgetown, Texas. This agreement is part of the company's previously announced plan to relocate its headquarters and expand its factory to support expected AI integration growth.
Darryll Dewan, Chief Executive Officer of TSS Inc., commented, "Continuing our rapid growth trajectory was centered around two key drivers: signing a long-term agreement with our primary customer, which we successfully completed and announced in October, and building capacity to deliver the demand driven by AI infrastructure needs in the market. Our new facility more than doubles our square footage and positions TSS to continue our rapid growth. We are beginning the required fit out immediately and expect to be operational in the new building in the first quarter of 2025."
About TSS, Inc.
TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation of generative AI and other leading-edge technologies essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year. For more information, visit www.tssiusa.com.
Forward Looking Statements
This press release may contain "forward-looking statements" -- that is, statements related to future -- not past -- events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as "guidance," "prospects," "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could adversely or positively affect the Company's future results include: we may not have sufficient resources to fund our business and may need to issue debt or equity to obtain additional funding; our reliance on a significant portion of our revenues from a limited number of customers and our ability to diversify our customer base; risks relating to operating in a highly competitive industry; risks relating to supply chain challenges; risk related to changes in labor market conditions; risks related to the implementation of a new enterprise resource IT system; risks related to the development of our procurement services business; risks relating to rapid technological, structural, and competitive changes affecting the industries we serve; risks involved in properly managing complex projects; risks relating to the possible cancellation of customer contracts on short notice; risks relating to our ability to continue to implement our strategy, including having sufficient financial resources to carry out that strategy; and other risks and uncertainties disclosed in our filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Contacts:
Hayden IR TSS, Inc.
James Carbonara (646-755-7412)
Brett Maas (646-536-7331)
tssi@haydenir.com
Danny Chism
CFO
dchism@tssiusa.com
512-310-4908
SOURCE: TSS, Inc.
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