One Stop Systems gains on order for sonar data processing system

One Stop Systems

26/09/2023 16:57

** Shares of AI solutions provider One Stop Systems  OSS.O 
up 13.9% at $1.80     
    ** Company says it has received an order to design and
develop prototypes for a sonar data processing system to be used
in a foreign navy submarine application
    ** The system will use processors from chipmakers AMD
 AMD.O  and Nvidia  NVDA.O  - company 
    ** OSS expects to deliver the first prototypes by the end of
the year, followed by potential production orders in 2024
    ** Including session's gains, stock down 40.7% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))