OSS Appoints Technology and Defense Industry Executive, Mitchell H. Herbets, to Board of Directors
November 30 2023 - 3:01PM
One Stop Systems, Inc. (Nasdaq: OSS), a leader in rugged high
performance compute (HPC) for artificial intelligence (AI), machine
learning (ML) and sensor processing at the edge, has appointed
Mitchell H. Herbets as a member of its board of directors.
Concurrent with the appointment, OSS’ board of
directors adopted a resolution to temporarily increase the size of
the board from eight members to nine members, effective
immediately, and to subsequently decrease the size of the board
down to seven members, effective as of the company’s 2024 annual
meeting of stockholders. Herbets’ appointment completes the
nine-person board.
“Mitch brings extensive strategic and technical experience as an
executive serving the technology and defense industries, which is
highly complementary to our corporate mission and focus,” stated
OSS chairman, Ken Potashner. “We look forward to his guidance and
advice as we increasingly engage with new military
opportunities.”
Mitchell H. Herbets BioHerbets currently serves
as non-executive chairman of Thales Defense and Security, a global
technology company that provides advanced technology equipment to
the U.S. defense and federal technology markets.
His current chairman positions also include:
- Safran Federal Systems (formerly
Orolia Defense & Security), a provider of resilient
positioning, navigation and timing (PNT) solutions and custom
engineering services to federal agencies, defense organizations and
contractors.
- Photonis Defense, provider of
advanced products in the fields of broad bandwidth, high power
microwave amplifiers and cutting-edge night and digital vision
technologies to U.S. and allied governments.
- iDirect Government, a provider of
tactical satellite communications systems to U.S. Primes for the
U.S. Department of Defense (DoD).
Herbets previously served on the board of Wireless Telecom Group
(WTT), a NYSE American-listed provider of infrastructure for
cellular systems, LTE and 5G waveforms, and telecommunications test
equipment company before it was acquired by Maury Microwave earlier
this year.
He earlier served as president and CEO of Thales Communications
(now Thales Defense and Security), a global leader in tactical
radio technology. During his tenure, the company achieved average
revenue growth of more than 30% and delivered an average EBIT of
more than 20%.
Prior to being appointed a president and CEO of Thales, he
served in a number of senior executive positions at the company,
including leadership roles in program management, engineering, and
business development. Before Thales, he served four years in U.S.
Army with the final rank of captain.
He holds a bachelor’s degree in electrical engineering from
Lehigh University, where he currently serves as a member of the
advisory councils of Lehigh University’s Engineering College and
its Electrical & Computer Engineering Department. He earned his
MBA from George Washington University.
About One Stop SystemsOne Stop Systems, Inc.
(Nasdaq: OSS) is a leader in AI Transportable solutions for the
demanding ‘edge.’ OSS designs and manufactures the highest
performance compute and storage products that enable rugged AI,
sensor fusion and autonomous capabilities without compromise. These
hardware and software platforms bring the latest data center
performance to the harsh and challenging applications, whether they
are on land, sea or in the air.OSS products include ruggedized
servers, compute accelerators, flash storage arrays, and storage
acceleration software. These specialized compact products are used
across multiple industries and applications, including autonomous
trucking and farming, as well as aircraft, drones, ships and
vehicles within the defense industry.OSS solutions address the
entire AI workflow, from high-speed data acquisition to deep
learning, training and large-scale inference, and have delivered
many industry firsts for industrial OEM and government
customers.
As the fastest growing segment of the multi-billion-dollar edge
computing market, AI Transportables require—and OSS delivers—the
highest level of performance in the most challenging environments
without compromise.
OSS products are available directly or through global
distributors. For more information, go to www.onestopsystems.com.
You can also follow OSS on Twitter, YouTube, and
LinkedIn.Forward-Looking StatementsOne Stop
Systems 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. The inclusion of forward-looking
statements should not be regarded as a representation by One Stop
Systems or its partners that any of our plans or expectations will
be achieved, including but not limited to, management’s expectation
for new opportunities in the AI transportable solutions and other
spaces, the company’s penetration of the Defense and AI
Transportable sectors, future changes to our business objectives,
changes to our board of directors, and other future financial
projections. Actual results may differ from those set forth in this
press release due to the risk and uncertainties inherent in our
business, including 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 latest 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 the company
undertakes 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 Contacts: Katie RiveraOne Stop Systems, Inc.
Tel (760) 745-9883Email contact
Tim RandallCMA Media RelationsTel (949) 432-7572Email
Contact
Investor Relations:Ronald Both or Grant
StudeCMA Investor RelationsTel (949) 432-7557 Email contact
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