ESCONDIDO, Calif. - One Stop Systems, Inc. (NASDAQ:OSS), known for its rugged high-performance computing (HPC) solutions, has secured a new purchase order from the U.S. Army. The company will design and manufacture a video concentrator for a rugged 360-degree visualization compute system intended for U.S. Army land vehicles such as the Stryker (NYSE:SYK), Bradley, and Abrams.
This recent order builds on OSS's February 2023 announcement and is part of a larger design opportunity that the company has been pursuing. The visualization system in question employs OSS's PCIe Gen 4 switch fabric technology alongside a leading ARM CPU and GPU platform, which is also used in autonomous machines and embedded applications.
OSS's solution will encompass sensor compute, low latency switching, crew compute, and high-resolution display workloads. The video concentrator will enhance the system's capabilities by processing large volumes of video data and distributing it throughout the vehicle at speeds and latencies far surpassing traditional Ethernet networking.
The U.S. Army's selection of OSS for this project underlines the company's expertise in creating ruggedized, high-performance technology for AI and sensor fusion applications. The equipment will be built to meet MIL-STD 810H standards for durability in extreme conditions and will include software enabling various camera protocols and optimized data paths.
Prototypes of the new system are expected to be delivered in 2024, with the aim of moving to vehicle application and fielding after successful completion and testing in 2025. While initially intended for military use, the video concentrator has potential applications in other AI-driven sensor fusion tasks such as threat detection and natural language processing.
The OSS 360-degree Visualization Compute System has been shipping prototypes since the second quarter of 2023, featuring ultra-high-speed Gen 4 PCIe switch technology and a module that supports multi-sensor fusion and 360-degree visualization.
One Stop Systems, Inc. specializes in AI Transportable solutions for edge computing, providing high-performance compute and storage products for challenging applications across various industries, including defense and autonomous vehicles.
This news is based on a press release statement from One Stop Systems.
InvestingPro Insights
Following the announcement of One Stop Systems, Inc.'s (NASDAQ:OSS) recent purchase order from the U.S. Army, investors may be interested in the company's financial health and market performance. According to real-time data from InvestingPro, the company holds a market capitalization of $68.73 million USD, showcasing its position in the small-cap segment of the market. The data also indicates a negative P/E ratio of -10.31, reflecting challenges in profitability over the last twelve months as of Q4 2023.
However, it's not all about the present figures. The company's prospects are also worth considering. An InvestingPro Tip reveals that analysts predict OSS will be profitable this year, which could signify a turnaround for the company. Additionally, there has been a strong return over the last three months, with a price total return of 53.7%. This suggests that the market is responding positively to the company's recent developments and future potential.
Investors should note that while OSS does not pay a dividend, it holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations. These factors could provide some financial stability and flexibility for the company as it fulfills its military contracts and explores further applications of its technology.
For those looking to delve deeper into One Stop Systems' financials and market predictions, InvestingPro offers additional insights. There are currently more InvestingPro Tips available that can provide a more comprehensive view of OSS's investment profile. To explore these tips and gain a more nuanced understanding of the company's financial health and market prospects, visit: https://www.investing.com/pro/OSS. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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