OSS Initiates $3 Million Reorganization and Expense Reduction Program to Support Long-term Sustainability and Future Growth - Seite 2

“As the result of these changes, I believe we have become more operationally efficient and integrated with a ‘lean and mean’ team leading the way,” said Raun. “Over time, we expect to add fresh talent who will bring new ideas and skill sets to help fuel our growth.”

“With these improvements in place, we will remain focused on three key objectives for 2020,” added Raun. “First, we will continue to invest in and improve our industry-leading product roadmap. Second, we will expand our customer base and reduce customer concentration risks by focusing more on targeted growth markets where we have competitive advantages. And third, we will improve how we deploy our financial assets and increase efficiencies.”

In combination with its efforts to reduce spending and conserve cash, the company is pursuing opportunities to further strengthen its balance sheet with the combination of government and private financing sources. Any funding will be designed to support the company’s sustainability during these times of uncertainty and support its pursuit of new opportunities.

About One Stop Systems
One Stop Systems, Inc. (OSS) designs and manufactures innovative specialized high-performance computing modules and systems, including customized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator storage software. These products are used for deep learning, AI, defense, finance and entertainment applications, and empower scientists, engineers, creators and other professionals to push the boundaries of their industries.

OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for OEMs and government customers. The company enables AI on the Fly by bringing AI datacenter performance to ‘the edge’ and 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.

Important Cautions Regarding Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not descriptions 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 performance of OSS-products and industry trends regarding deployment of computing power in the field, and regarding the company's expectations for revenue growth generated by new products and design wins. 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.