OSS Implements New Strategic AI Transportables Advisory Board
July 14 2022 - 8:31AM
One Stop Systems, Inc. (Nasdaq: OSS), a leader in AI Transportable
solutions on the edge, has formed a new strategic advisory board to
help accelerate its pursuit of the multi-billion-dollar AI
Transportables market.
The advisors include retired high-ranking military officials and
corporate executives with decades of experience in technology, high
performance computing and M&A for the defense, oil & gas,
AI and unmanned vehicle industry verticals. The advisory members
are providing input on product and market strategy, as well as
helping OSS navigate targeted organizations and the armed
forces.
Several of the advisors experienced firsthand the Pentagon’s
priority of leveraging the highest performance commercially
available products to add artificial intelligence (AI) and/or
autonomous capabilities throughout the armed forces. Although the
military budgets will vary depending on which administration may be
in the office and budget cuts, the priority of widespread AI
deployment is a requirement to maintain superiority over
adversaries as well as to save lives.
“A number of the service veterans have stated that one of their
lifelong missions will be to help the military identify and
leverage commercially available technology from companies like
OSS,” said OSS president and CEO, David Raun. “One advisor went on
to say that he had over 600 marines under his command and five of
them did not come back. He believes all five marines would still be
with us today if the military was more proactive in deploying
commercially available technology.”
OSS is currently making significant inroads on several fronts
within the Armed Forces, as the demand for “Performance without
Compromise” in these harsh environments has never been greater.
Although great progress has been made by the company, the advisory
members believe there are many more opportunities for OSS’ unique
technology. However, we believe that many of the key decision
makers of these opportunities are not aware of OSS’ capabilities.
The advisors will help refine strategies, navigate government
bureaucracy, and identify/introduce the company to key decision
makers, all with the goal of accelerating OSS’ success. The
advisors have confirmed that they believe OSS is in a unique
position and has a disruptive road map that supports the AI
priorities of the U.S. and NATO forces.
In addition to supporting the growth of OSS’ military business,
the advisory board will help with M&A strategy, navigating the
competitive landscape and making introductions throughout the
industry. Although the autonomous truck business within the AI
Transportables market is gaining traction for OSS, there are
several other verticals or opportunities that the company has
limited visibility as of this point in time. We believe that the
advisors and their backgrounds in oil & gas, agriculture and
mining will help OSS address emerging opportunities in these
markets to support the company’s growth.
“We are seeing strong customer validation of our AI
Transportables strategy, products and disruptive road map, and
believe our new advisory board can help us accelerate our
penetration of this large and growing market,” said Raun.
“Attracting such an esteemed and diverse board of experts is a
strong testament to our unique, ruggedized, high-performance
computing solutions.”
To learn more about the company’s new advisory board members,
see the Advisory Board section on the OSS website here.
About One Stop SystemsOne Stop Systems, Inc.
(OSS) designs and manufactures innovative AI Transportable edge
computing modules and systems, including ruggedized servers,
compute accelerators, expansion systems, flash storage arrays, and
Ion Accelerator™ SAN, NAS and data recording software for AI
workflows. These products are used for AI data set capture,
training, and large-scale inference in the defense, oil and gas,
mining, autonomous vehicles and rugged entertainment
applications.
OSS utilizes the power of PCI Express, the latest GPU
accelerators and NVMe storage to build award-winning systems,
including many industry firsts, for industrial OEMs and government
customers. The company enables AI on the Fly® by bringing AI
datacenter performance to ‘the edge’, especially 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 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, our expectations with respect to the
benefits associated with the recent formation and current and
future engagement with the new advisory board members, our
management’s expectations for revenue growth generated by new
products and design wins 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 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 RiveraOne Stop Systems,
Inc. Tel (760) 745-9883Email contact
Investor Relations:Ronald Both or Justin
LumleyCMATel (949) 432-7557 Email contact
One Stop Systems (NASDAQ:OSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
One Stop Systems (NASDAQ:OSS)
Historical Stock Chart
From Apr 2023 to Apr 2024