ESCONDIDO, Calif., Aug. 03, 2018 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS) has signed a six-year
lease that expands its Escondido, CA headquarters by more than a third.
The expansion will add 6,121 square feet to the company’s existing design, manufacturing and test facilities, bringing the total
space to more than 24,000 square feet. OSS has been headquartered in Escondido since its founding in 1998.
“This strategic expansion of our Escondido facilities reflects our rapid growth and anticipated increase in design wins over the
coming months,” said CEO of OSS, Steve Cooper. “The larger facility also allows us to consolidate our San Diego operations, which
we expect will further enhance efficiencies and lower our overall costs of operations.”
Escondido Mayor, Sam Abed, commented: “As one of our city’s most successful and fastest-growing companies, we are excited OSS
will stay and expand in Escondido. Escondido and the Innovate78 cities are fast becoming part of a thriving technology and innovation region, and
OSS’ growth is a big part of our success.”
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.
Forward-Looking Statements
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 its growth and reduce costs of operations. 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 our corporate growth and expansion of operations 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.
Media Contact:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact
Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7557
Email contact
