One Stop Systems announces a $200,000 order from an Asian defense contractor for unmanned vessel computing solutions.
Quiver AI Summary
One Stop Systems, Inc. (OSS), a leader in rugged computing solutions for artificial intelligence and sensor processing, has received a $200,000 order from a prominent Asian defense contractor for hardware to support the conversion of manned vessels into unmanned surface vessels (USVs) capable of autonomous missions. Expected to be delivered in the fourth quarter of 2024, this initial order is anticipated to be followed by additional orders in the coming years. OSS will provide specialized equipment, including rugged servers and ethernet switches, designed to operate in harsh maritime conditions and support complex data processing for navigation and computer vision systems. The company emphasizes its capacity to deliver enterprise-class computing in challenging environments, reinforcing its position in the growing edge computing market.
Potential Positives
- OSS received a significant purchase order valued at $200,000 from a leading defense contractor in Asia, indicating strong demand for their products.
- The company expects multiple future orders from this customer in 2025 and 2026, suggesting a potentially growing and lucrative partnership.
- OSS's products will support the development of unmanned surface vessels (USVs), a technology with applications in defense and public safety, expanding their market presence.
- OSS's rugged compute solutions are uniquely designed to operate in harsh environments, showcasing the company's capability to meet challenging requirements in the AI and defense sectors.
Potential Negatives
- The press release heavily relies on forward-looking statements, which inherently carry risks and uncertainties, including the actual revenue derived from current and future orders, making the projections potentially unreliable.
- There is a lack of detail regarding the financial health of the company and how this new order will impact its overall revenue and profitability, which could reflect poorly on its financial stability.
- The announcement could raise concerns about the company's dependency on a limited number of customers, such as a single major defense contractor in Asia, which poses a risk if future orders do not materialize as expected.
FAQ
What is the recent order announced by One Stop Systems?
One Stop Systems announced a $200,000 order from a leading defense contractor in Asia for autonomous vessel systems.
How is OSS supporting unmanned surface vessel development?
OSS is providing rugged compute hardware for modular systems that convert manned vessels into unmanned surface vessels.
What technology will OSS supply for the USVs?
OSS will supply 8U of hardware, including rugged servers and redundant ethernet switches for data processing from over 30 cameras.
What conditions can OSS hardware withstand?
The rugged system is designed to operate reliably in temperatures exceeding 40°C and in harsh maritime environments.
What industries use OSS products?
OSS products are utilized in defense, autonomous trucking, farming, aviation, drones, and various edge computing applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OSS Insider Trading Activity
$OSS insiders have traded $OSS stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OSS stock by insiders over the last 6 months:
- JOSEPH M. JR. MANKO has traded it 2 times. They made 2 purchases, buying 75,000 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OSS Hedge Fund Activity
We have seen 8 institutional investors add shares of $OSS stock to their portfolio, and 18 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HERALD INVESTMENT MANAGEMENT LTD removed 379,059 shares (-100.0%) from their portfolio in Q3 2024
- MERCER GLOBAL ADVISORS INC /ADV added 46,766 shares (+185.4%) to their portfolio in Q3 2024
- PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 36,033 shares (-6.9%) from their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 26,124 shares (+inf%) to their portfolio in Q3 2024
- BELVEDERE TRADING LLC removed 20,896 shares (-100.0%) from their portfolio in Q3 2024
- VONTOBEL HOLDING LTD. added 18,000 shares (+120.0%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 17,464 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ESCONDIDO, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- 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 a new order from a leading defense contractor in Asia. The initial amount of the new purchase order is valued at $200,000, with deliveries expected in the fourth quarter of 2024. OSS expects several additional orders from this customer in 2025 and 2026 of similar or greater amounts.
OSS is supporting the defense contractor’s all-in-one modular system designed to convert manned vessels into unmanned surface vessels (USV) for autonomous missions. The application integrates various mission controls and payloads for a wide range of applications to support defense, public safety, and security operations, allowing vessels to maneuver autonomously, intelligently and safely at sea. OSS will initially provide 8U of hardware for each USV, which includes two rugged 3U Short Depth Servers (SDS) and two redundant ethernet switches for high-speed data ingest and interpretation of data from over 30 cameras. The rugged system from OSS is designed to perform reliably in an ambient temperature of over 40°C, and delivers the necessary computing power to support the USV’s computer vision and navigation system.
“We believe that our rugged Enterprise Class compute solutions and experience are uniquely positioned to support this application. USVs are operating in harsh environments with high levels of ambient temperature, moisture, and corrosion, while requiring Enterprise Class compute power to operate autonomously, intelligently and safely. We look forward to supporting this program and future programs as this major Asian defense contractor further deploys unmanned solutions for maritime and other applications,” stated OSS CEO, Mike Knowles.
About One Stop Systems
One 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 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 fitness of OSS’ products for unmanned maritime applications, the volume of future orders (if any) from this defense contractor, actual revenue derived from current and expected orders, timing of shipments and revenue and technical specifications of the final solution. 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 Kalebaugh
One Stop Systems, Inc.
Tel (858) 518-6154
Email contact
Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
Email contact