OSS Enters into a Cooperative Research and Development Agreement with the U.S. Special Operations Command
September 12 2024 - 8:00AM
One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader
in rugged Enterprise Class compute for artificial intelligence
(AI), machine learning (ML) and sensor processing at the edge,
today announced that the Company has entered into a Cooperative
Research and Development Agreement (CRADA) with U.S. Special
Operations Command. The goal of this partnership is to create
advanced, durable high performance computer solutions that can
process vast amounts of data quickly and efficiently in the field.
The collaboration agreement between OSS and U.S. Special
Operations Forces (SOF) is focused on advancing the development of
cutting-edge AI and ML computing solutions designed specifically
for rugged, edge environments—places where traditional computing
systems may not be suitable due to extreme conditions such as harsh
climates or remote locations. Solutions under development will
support a strategic initiative of U.S. Special Operation Forces
known as the Hyper-Enabled Force (HEF), which seeks to enhance the
situational awareness, decision-making, and operational
capabilities of SOF. By leveraging AI and ML at the edge, SOF aims
to improve cognitive dominance—enabling troops to process
information faster than their adversaries, to make more informed
decisions, and to ultimately achieve mission objectives with
greater precision.
“We expect that our collaboration with SOF will help provide
warfighters with more sophisticated and intelligent tools to
improve their performance in increasingly complex and dynamic
combat scenarios, thus reinforcing their competitive advantage on
the battlefield,” commented Robert Kalebaugh, OSS VP of Sales.
“SOF’s role within the U.S. Department of Defense continues to
expand, and we are proud to support U.S. Special Operation
Forces.”
“Today’s announcement also reflects our multi-year strategy
focused on expanding our offerings and establishing relationships
across all branches of the U.S. Armed Forces. The SOF CRADA
represents an important pillar within our $1+ billion sales
pipeline, as we believe the U.S. Department of Defense will
accelerate the adaptation of the types of enterprise class
architecture OSS provides for AI/ML, sensor fusion and autonomy
applications. We look forward to our collaboration with the
U.S. Special Forces and providing valuable input into a key Defense
initiative seeking to create a significant advantage for the
warfighter,” concluded Mr. Kalebaugh.
About One Stop SystemsOne Stop Systems, Inc.
(Nasdaq: OSS) is a leader in AI enabled solutions for the demanding
'edge'. OSS designs and manufactures Enterprise Class 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 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 enabled solutions 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 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 potential and/or the
results of the Cooperative Research and Development Agreement with
the U.S. Special Operations Forces, any actual revenue derived from
the agreement, the U.S. Department of Defense’s future adoption of
technologies or applications, and the expansion of the Company’s
offerings and/or relationship with different branches of the U.S.
Armed Forces. 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: Robert KalebaughOne Stop
Systems, Inc. Tel (858) 518-6154Email contact
Investor Relations:Andrew BergerManaging
Director SM Berger & Company, Inc. Tel (216) 464-6400Email
contact
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