One Stop Systems Wins Excellence in North County Economic Development Award
ESCONDIDO, Calif., Dec. 10, 2018 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS), the leader in specialized high-performance computers, has received a 2018 North County Excellence in Economic Development Award in recognition of its accomplishments which are helping to build a more prosperous North County.
OSS received the award at San Diego North Economic Development Council’s 2018 North County Excellence in Economic Development Awards Luncheon in California State University, San Marcos. The annual event is attended by over 300 civic and business leaders from throughout North County.
“This North County award represents another milestone for OSS after our recent IPO on Nasdaq earlier this year and expanding presence in Europe,” said Steve Cooper, OSS president and CEO. “We remain committed to supporting North County’s growth as we deliver specialized, high-performance computing solutions around the world.”
In making the award, the panel of judges focused on several aspects of OSS, including the company’s record Q3 performance, with revenue for the quarter up 45% compared to a year ago, and its positive outlook for the remainder of 2018 and 2019. The judges also recognized OSS commitment to North County is helping retain and grow the number of advanced manufacturing jobs in the county.
North of State Route 56 in San Diego County has a higher concentration of manufacturing jobs than the rest of San Diego County and the nation, according to data compiled by the San Diego North Economic Development Council and Economic Modeling Specialist. According to the council, the award is a way of recognizing companies that are making investments to grow this critical part of North County’s economy.
About San Diego North Economic Development Council (SDNEDC)
Founded by a group of local business leaders and community stakeholders in 1992 the SDNEDC has been presenting North County as one of the world’s finest places to live, work and play for 25 years. Today, North County stands as a premier destination for a number of global industries including biotech, clean-tech, craft brewing and much more. The SDNEDC exists to help continue this exceptional development and prosperity. For more information, visit www.sdnedc.org.
About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures high performance compute accelerators, flash storage arrays and customized servers for deep learning, AI, defense, finance and entertainment applications. OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe flash cards to build award-winning systems, including many industry firsts, for OEMs and government customers. The company’s innovative hardware and Ion Accelerator Software offers exceptional performance and unparalleled scalability. OSS products are available directly, through global distributors, or via its SkyScale cloud services. For more information, go to www.onestopsystems.com
One Stop Systems (OSS) 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. These forward-looking statements include statements regarding the ability of OSS to continue to deliver superior solutions for high-performance computing and about the anticipated features and performance of its flash array products. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation, risks associated with meeting and maintaining ISO certification standards, maintaining performance standards, impacts, costs and other features in our product lines and other 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 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 we undertake 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.
One Stop Systems, Inc.
Tel (760) 745-9883
Ronald Both or Grant Stude
Tel (949) 432-7557
Released December 10, 2018