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.
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.
One Stop Systems, Inc.
Tel (760) 745-9883
Ronald Both or Grant Stude
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Source: One Stop Systems, Inc.