TSS, Inc. Signs Long Term Lease for Larger Factory to Support Accelerating Demand for AI-Enabled Technologies
TSS, Inc. Signs Long Term Lease for Larger Factory to Support Accelerating Demand for AI-Enabled Technologies
More than Doubles Space to almost 213,000 Square Feet and Expands Power Infrastructure to Support Multi-year Customer Agreement
More than Doubles Space to almost 213,000 Square Feet and Expands Power Infrastructure to Support Multi-year Customer Agreement
TSS, Inc. (Nasdaq:TSSI), a data center services company that integrates AI and high-performance computing infrastructure and software today announced it has signed a multi-year agreement to lease 212,793 square feet of space in the Georgetown Logistics Park located in Georgetown, Texas. This agreement is part of the company's previously announced plan to relocate its headquarters and expand its factory to support expected AI integration growth.
Darryll Dewan, Chief Executive Officer of TSS Inc., commented, "Continuing our rapid growth trajectory was centered around two key drivers: signing a long-term agreement with our primary customer, which we successfully completed and announced in October, and building capacity to deliver the demand driven by AI infrastructure needs in the market. Our new facility more than doubles our square footage and positions TSS to continue our rapid growth. We are beginning the required fit out immediately and expect to be operational in the new building in the first quarter of 2025."
About TSS, Inc.
TSS specializes in simplifying the complex. The TSS mission is to streamline the integration and deployment of high-performance computing infrastructure and software, ensuring that end users quickly receive and efficiently utilize the necessary technology. Known for flexibility, the company builds, integrates, and deploys custom, high-volume solutions that empower data centers and catalyze the digital transformation of generative AI and other leading-edge technologies essential for modern computing, data, and business needs. TSS's reputation is built on passion and experience, quality, and fast time to value. As trusted partners of the world's leading data center technology providers, the company manages and deploys billions of dollars in technology each year. For more information, visit www.tssiusa.com.
Forward Looking Statements
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Contacts:
Hayden IR TSS, Inc.
James Carbonara (646-755-7412)
Brett Maas (646-536-7331)
[email protected]
Danny Chism
CFO
[email protected]
512-310-4908
SOURCE: TSS, Inc.
A.Taylor--RTC
