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Equinix to Extend its Digital Infrastructure Platform to the Philippines with Acquisition of Three Data Centers

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REDWOOD CITY, Calif. and MANILA, The Philippines, July 22, 2024 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company®, today announced its planned entry into the Philippines with the acquisition of three data centers from Total Information Management (“TIM”), a leading technology solutions provider. Following the recently announced expansions in Malaysia and Indonesia, this strategic move aims to help businesses expand and capitalize on the digital opportunity of the fast-growing Southeast Asia region. The all-cash transaction represents a multiple of approximately 15x the projected EBITDA at full utilization and is expected to close in 2H 2024, subject to customary closing conditions.

The acquisition of the three high-performance data centers will provide capacity for Equinix to address the digital needs of local and overseas businesses in the Philippines. Enterprises, cloud and IT service providers, and network service providers around the world can leverage Platform Equinix® to interconnect and exchange data privately and securely within a vibrant ecosystem of business partners and customers. Existing customers of TIM, including network and financial services companies, will also gain access to Equinix’s global ecosystems of more than 10,000 companies, including more than 2,000 networks and 3,000 cloud and IT service providers.

Southeast Asia’s digital economy grew to $218 billion in gross merchandise value (GMV) in 2023.1 In particular, the Philippines’ digital economy is expected to continue its upward climb toward $35 billion by 2025, growing at a compound annual growth rate (CAGR) of 20%.2 The country is also seeing a surge in demand for digital infrastructure services, driven by a highly engaged digital population,  booming e-commerce adoption and various government initiatives to promote digitization, such as the E-Government Masterplan 2022 and the Digi-Ed 2028 program.

Jeremy Deutsch, President, Asia-Pacific, Equinix said: “We are thrilled to announce our expansion into the Philippines, a vibrant and rapidly expanding digital economy that presents immense opportunities for our valued customers and partners. This strategic acquisition, combined with our recent expansions in Malaysia and Indonesia, as well as the awarded data center capacity in Singapore, will greatly enhance our footprint in the region. This expanded digital infrastructure will also enable our customers to thrive and embrace digital transformation, harnessing the potential of emerging technologies like private AI. This acquisition perfectly aligns with our vision to extend our leadership in the Asia-Pacific region, while driving the acceleration of the digital economy.”

Jose Mari M. Antunez, Chairman, Total Information Management commented: “Equinix’s strong reputation and expertise in the industry make them the ideal partner to take our data center business to new heights. While TIM will continue to remain as a system integrator, helping our customers through their digital transformation strategies, this deal will bring immense benefits to our customers. Equinix’s global platform and extensive network will provide enhanced connectivity, scalability and access to a thriving ecosystem of partners. We are confident that Equinix’s commitment to excellence and customer-centric approach will ensure a seamless transition and deliver unparalleled value to our customers.”

Highlights / Key Facts

The three carrier-neutral and interconnection-rich data centers include more than 1,000 cabinets of capacity and land for further expansion. These data centers will support the digital transformation of local and global customers looking to expand into the Philippines.As part of Equinix’s ambitious investment plans in the Asia-Pacific region, the company will expand in new markets including Jakarta, Indonesia (JK1) and Chennai, India (CN1) later this year. With the capacity allocation by the government, Equinix will also expand its footprint in Singapore. These expansions will reinforce Equinix’s leadership in the region and support the digital transformation of customers expanding into new markets.Today, the global footprint of Platform Equinix spans 260 data centers across 71 metros and 33 countries. In Asia-Pacific, Equinix currently operates 56 data centers in 14 key metros across Australia, China, Hong Kong, India, Japan, Korea, Malaysia and Singapore, including the recently opened data centers in Johor (JH1) and Kuala Lumpur (KL1) in Malaysia.

Additional Resources

Equinix’s Dual Metro Data Centers Propel Malaysia’s Digital Economy Ambition to New Heights [Press Release]Equinix Expands to Indonesia with $74M Data Center Investment [Press Release]Equinix and Astra Form a Joint Venture to Support Indonesia’s Growing Digital Needs [Press release]

About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

1 Florian Hoppe, et al., “e-Conomy SEA 2023,” Bain & Company, Nov. 1, 2023.
2 “Country Spotlight: Philippines,” Google e-Conomy SEA 2023, Google, 2023.

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SOURCE Equinix, Inc.

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Philippine Seven Corporation Selects RELEX to Improve Forecasting

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September 14, 2026

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 7-Eleven Philippines becomes the latest retailer to join RELEX’s global customer network

MANDALUYONG CITY, Philippines, Sept. 14, 2026 /PRNewswire/ — Philippine Seven Corporation (PSC), the exclusive operator of 7-Eleven convenience stores in the Philippines, is now utilizing forecasting and replenishment from RELEX Solutions, provider of unified supply chain and retail planning solutions, to transform planning across its 27 distribution centers (DCs). The implementation, delivered in partnership with genieX, has combined RELEX’s world-class technology with genieX‘s business consultancy, project management, and local market expertise to optimize PSC’s end-to-end supply chain.

7-Eleven is the world’s largest convenience store chain, with over 83,000 outlets in 17 countries. In the Philippines, PSC oversees all 7-Eleven operations nationwide. By implementing RELEX’s forecasting and replenishment capabilities, PSC will replace its spreadsheet-based processes with automated, data-driven planning to improve supplier collaboration, increase fill rates, and upgrade operational efficiency.

“For over four decades, PSC has worked to make 7-Eleven a trusted part of everyday life for Filipinos,” said Victor Paterno, Chair of Philippine Seven Corporation. “As we continue to expand and digitalize, partnering with RELEX and genieX enables us to strengthen our supply chain foundation and plan more effectively for the future.”

RELEX and genieX will work closely with PSC to ensure a smooth implementation and continuous support throughout the project.

“7-Eleven is one of the most recognizable brands in the Philippines,” said Mahesh Gopinath, Chief Operating Officer at genieX. “We’re proud to support PSC in implementing RELEX’s advanced forecasting and replenishment solution. Together, we’ll help drive efficiency, accuracy, and resilience across their supply chain.”

The RELEX forecasting and replenishment capabilities enable more accurate and agile demand planning by leveraging multiple data sources while accounting for seasonality and local fluctuations. In addition, RELEX provides DC-level visibility and precise replenishment recommendations, helping retailers, like PSC, reduce manual work, optimize inventory, and improve service levels.

“We’re delighted to welcome Philippine Seven Corporation to the RELEX customer community,” said Rod Talbot, Vice President of Sales, APAC at RELEX Solutions. “We look forward to helping PSC achieve similar results across the dynamic and diverse Philippine market.”

About Philippine Seven Corporation

Philippine Seven Corporation (PSC) is the exclusive licensee, developer, and operator of 7-Eleven stores in the Philippines. Founded in 1982, the company revolutionized the local retail landscape by introducing the modern convenience store concept to the country.

About RELEX Solutions

RELEX Solutions delivers a unified supply chain planning platform for retailers and manufacturers, enabled by proven AI technology. We help companies optimize demand forecasting, replenishment, merchandising, pricing and promotions, supply chain operations, and production planning across the end-to-end value chain. Brands like ADUSA, AutoZone, Coles, Circle K, Dollar Tree and Family Dollar, Ford South America, M&S Food, PetSmart, Rituals, The Home Depot, Systemair and Vita Coco trust RELEX to increase product availability, boost sales, deliver actionable insights, improve sustainability, and drive profitable growth.

Learn more at: https://www.relexsolutions.com/customers/

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SOURCE RELEX Solutions

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Shanghai Electric Secures First Overseas Heavy-Duty Gas Turbine Order for 500 MW Malaysian Project

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September 14, 2026

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SHANGHAI, Sept. 14, 2026 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727) has achieved a milestone in the high-end overseas energy sector by securing the contract for Unit 3 of the Sarawak Samalaju Combined Cycle Gas Turbine (CCGT) Project in Malaysia. The win represents significant international recognition of Shanghai Electric’s heavy-duty gas turbine technology, underscoring the company’s growing competitiveness in the global gas turbine market.

Under the agreement, Shanghai Electric will deliver a full EPC turnkey solution for the gas-fired power plant, coupled with a 25-year long-term service agreement (LTSA) covering all major equipment. Notably, every core component—from gas turbines and steam turbines to generators, heat recovery steam generators, and air-cooled systems—will be manufactured in-house by Shanghai Electric, which will also serve as the sole provider of the long-term maintenance and service program. This integrated, end-to-end capability gives Shanghai Electric full life-cycle coverage, spanning equipment manufacturing, systems integration, and multi-decade operational support—a vertical model that brings the company on par with the established global leaders in the heavy-duty gas turbine sector.

Shanghai Electric’s current heavy-duty gas turbine lineup features two principal models, with output ratings of 300 MW and 78 MW, respectively. To date, the company has delivered 103 units, with total installed capacity from commissioned projects exceeding 21,000 MW. The units covered by Shanghai Electric’s long-term service and maintenance programs have accumulated more than 1.3 million operating hours. With robust production capacity available across both turbine classes, Shanghai Electric is positioned to offer new units for delivery as early as 2028. Beyond the Malaysian energy developer that awarded the current contract, project developers in Indonesia, Thailand, the Philippines, and Vietnam have also expressed strong interest in placing orders.

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Auria Announces Partnership and Contract with Mitsubishi Electric to Advance Next-Generation SATCOM Mission and Resource Management

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September 14, 2026

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COLORADO SPRINGS, Colo., Sept. 14, 2026 /PRNewswire/ — Auria, a leading provider of advanced space, missile, and cyber solutions, today announced a partnership and contract with Mitsubishi Electric Corporation to deliver next-generation satellite communications capabilities through Auria’s advanced Kythera Operating System mission and resource management and optimization software.

Through the partnership, Auria will provide software to dynamically and autonomously manage, optimize, and orchestrate payload and network resources for Mitsubishi Electric’s next-generation, software-defined SATCOM satellites. The effort will leverage Auria’s Kythera Operating System (KOS), part of Auria’s HeliOS product line, to enable autonomous satellite service provisioning, real-time resource optimization, orchestration of space and ground assets, and adaptive mission operations in response to changing demand, operating conditions, and interference events.

“Mitsubishi Electric has a long history of advancing space technology, and we are proud to empower their innovation in dynamic, autonomous satellite communications,” said Damian DiPippa, CEO at Auria. “By combining Mitsubishi Electric’s advanced software-defined satellite hardware with Auria’s software for dynamic resource management and mission optimization, we are enabling Mitsubishi Electric customers to leverage higher capacity and more flexible, resilient, responsive, and efficient SATCOM services.”

Auria will also provide its KOS Interference Manager module, a HeliOS capability that dynamically detects, geolocates, and mitigates signal interference. Together, these capabilities help satellite operators maintain high-quality, resilient service while adapting to changing operating conditions and mission needs.

The partnership with Mitsubishi Electric reflects Auria’s growing role in delivering intelligent software systems for complex space operations. Auria’s HeliOS platform is designed to serve as a software mission segment system for advanced SATCOM architectures, providing the Space Brain® needed to autonomously provision service, optimize resources, and support resilient communications across dynamic operating environments.

“This partnership is about marrying Mitsubishi Electric’s advanced satellite systems with the intelligent software needed to manage and optimize them,” said Andy Musliner, SVP Growth at Auria. “As SATCOM architectures become more capable and complex, satellite manufacturers and their operator customers need systems that can adapt on the fly, manage resources autonomously, and mitigate interference in real time. That is exactly where Auria’s HeliOS product line and its Kythera Operating System deliver value.”

Mitsubishi Electric has been a pioneer in Japanese space technology since the 1960s and has contributed to a broad range of satellite programs and space systems. This partnership underscores the importance of software-defined, autonomous mission management as satellite communications systems continue to evolve.

About Auria

Auria Space delivers technology solutions for next-generation space, satellite, and mission systems. The company’s mission is to simplify and modernize command, control, and communications (C3) to unify space and ground operations, deliver resilient connectivity from orbit to the tactical edge, and automate secure mission intelligence. Combining commercial off-the-shelf technologies with mission-focused engineering, Auria helps government and commercial customers accelerate deployment, reduce lifecycle costs, increase agility, and securely integrate satellite constellations, ground networks, and edge systems amid rapidly evolving threats and mission demands.

About Mitsubishi Electric Corporation

Guided by its corporate philosophy, Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust—encompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today’s complex challenges while enhancing the company’s sustainable corporate value. Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices. Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com

*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026

CONTACT: Dan Palumbo
Dan@vrge.us

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SOURCE Auria Space

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