ESCONDIDO, Calif. - One Stop Systems, Inc. (NASDAQ:OSS), a company specializing in high-performance computing at the edge, has announced a new contract to supply a liquid immersion-cooled data storage system for a deployable ground station. The system is designed to meet the needs of a U.S. intelligence agency, marking the company's first project of this nature with an intelligence community end user.
The product at the center of this contract is OSS's Gen 4 PCIe® 3U-SDS, a rugged, high-speed NVMe data recording system capable of delivering up to 52GB/s sustained storage bandwidth. This technology will be integrated into two 3U-SDS units to create a liquid immersion-cooled system that can withstand the demanding conditions of edge environments.
Robert Kalebaugh, OSS VP of sales, expressed confidence that this pilot project will lead to further deployments, highlighting the system's alignment with the Department of Defense's AI and machine learning initiatives. The 3U-SDS system, powered by Intel (NASDAQ:INTC) processors and featuring 16 NVMe storage drives, is engineered for high-speed data acquisition and can handle up to 960 terabytes of raw RF data signals.
The liquid immersion technology uses non-conductive fluids to efficiently cool the electronics, allowing for compact and quiet operation, which is essential for edge deployments. The system's NVMe SSDs are housed in removable, encrypted drive packs for secure and transportable data storage, facilitating the transfer of large data volumes to secure cloud environments.
This contract follows OSS's recent announcement of a liquid-cooled solution for a foreign navy submarine, as the company continues to expand its cooling solution portfolio for rugged high-performance computing. While primarily focused on government applications, the OSS SDS storage system is also available for commercial and industrial use.
The information in this article is based on a press release statement from One Stop Systems.
InvestingPro Insights
One Stop Systems, Inc. (NASDAQ:OSS) has been making headlines with its innovative high-performance computing solutions, and investors are keeping a close eye on the company's financial health and market performance. In light of OSS's recent contract announcement, here are some key insights based on real-time data from InvestingPro.
The company currently holds a market capitalization of $72.73 million, which reflects its valuation in the market. Despite a challenging environment characterized by a recent stock price decline, with a 1-week price total return of -11.75%, the company has demonstrated resilience over the longer term. This is evident in the impressive 6-month price total return of 101.71%, indicating a significant rebound and optimism amongst investors about the company's future.
On the financial side, OSS's revenue for the last twelve months as of Q3 2023 stood at $65.99 million, although it experienced a decrease in revenue growth during the same period by -8.28%. The company's commitment to innovation and securing new contracts may play a critical role in shaping future revenue trajectories. From a profitability perspective, the P/E ratio is currently negative at -7.48, which aligns with the InvestingPro Tip that analysts do not anticipate the company will be profitable this year.
InvestingPro Tips also highlight that OSS holds more cash than debt on its balance sheet and possesses liquid assets that exceed short term obligations, indicating a solid financial position for handling near-term challenges. Furthermore, the company's strategic moves, such as the latest contract with a U.S. intelligence agency, could potentially bolster its market position and financial metrics in the upcoming periods.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available that can provide a more comprehensive understanding of OSS's financial health and market potential. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and unlock the full spectrum of insights that InvestingPro has to offer.
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