Friday, February 10, 2023
One 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.
Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Passing the Torch. In an unexpected move, yesterday the CEO of One Stop Systems, David Raun, announced he is stepping down from the position effective upon the appointment of his successor. We had spoken with Mr. Raun earlier this week about the 2023 vision and he came across as extremely enthusiastic with OSS’s opportunity set, especially related to the defense industry. The company has yet to identify a successor but has retained a search firm to help the Company find a suitable replacement. Notably, Mr. Raun will continue to serve as a member of the company’s Board of Directors.
Defense Experience Valued. Mr. Raun’s decision to step aside appears related to a desire to bring in a CEO with a background in the defense industry, as the near term opportunity set for OSS is in this space. As mentioned in the release, Mr. Raun stated, “I feel it’s time to bring in new leadership with deep experience and high-level contacts in the defense sector to scale the opportunities and growth.”
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