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Flex Expands Prefabricated Modular Data Center Portfolio to Accelerate AI Factory Deployment

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Integrated solutions combine power, compute and cooling to speed deployment by up to 50%

News summary

Introduces AI Modules that integrate power, compute and cooling in prefabricated modular solutions to accelerate AI factory deployment by up to 50%Enables faster deployment of next-generation AI infrastructure through factory-built, integrated systemsStrengthens Flex’s Cloud and Power Infrastructure portfolio, which Flex plans to separate into Axiom Solutions International, Inc. (Axiom), in the first quarter of calendar 2027

SAN JOSE, Calif., Oct. 12, 2026 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced an expanded portfolio of prefabricated modular data center solutions designed to accelerate deployment of next-generation AI factories. The portfolio includes new AI Modules that integrate power, high-density compute and advanced liquid cooling into pre-engineered, factory-built systems, enabling customers to reduce deployment timelines by up to 50% compared with traditional construction approaches.

The expanded portfolio is part of Flex’s Cloud and Power Infrastructure (CPI) segment, which Flex plans to separate into Axiom, an independent publicly traded company, in the first quarter of calendar 2027.

“Meeting the demands of AI infrastructure at scale requires more than incremental improvements. It requires rethinking how power, compute and cooling work together as a system,” said Chris Butler, expected Chief Technology and Strategy Officer at Axiom. “Our system-level approach brings these critical technologies together with advanced manufacturing to simplify integration, accelerate deployment and deliver AI factories at scale.”

As AI infrastructure grows in scale and power density, data center operators face increasing complexity across power delivery, cooling, compute integration and deployment. Addressing these challenges requires a more integrated approach to designing and deploying the critical infrastructure that supports next-generation AI factories.

The Axiom AI Modules integrate critical AI infrastructure into pre-engineered, factory-built systems, including:

800 VDC Power Rack: Delivers high-efficiency power conversion and distribution for next-generation 800 VDC AI infrastructure and high-density compute.Advanced cooling distribution units (CDUs): Provide liquid cooling to efficiently manage the increasing heat generated by power-intensive AI workloads.High-density IT racks: Integrate AI servers, networking and high-speed interconnects to support next-generation AI compute at scale.

By shifting complex infrastructure integration from the data center site to a controlled factory environment, the Axiom AI Modules are assembled, integrated and tested in parallel with site development. This approach reduces on-site complexity and helps customers bring AI capacity online faster.

Flex is actively building prefabricated modular solutions for hyperscalers across its global footprint, including more than three million square feet of dedicated data center infrastructure manufacturing capacity in the U.S. With deep expertise across power, compute, cooling and systems integration, Flex has the scale and capabilities to support rapid AI infrastructure deployment across regions.

To learn more about the Axiom AI Modules, visit: https://flex.com/resources/accelerate-ai-factory-deployment-with-axiom-ai-modules 

Media contacts

Media & Press 
press@flex.com  

Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex Ltd.’s (“Flex”) resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management’s attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Important Information and Where to Find It

In connection with the proposed spin-off, Flex has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026. The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals. In addition, a registration statement on Form 10 (the “Form 10”) has been filed with the SEC by Axiom Solutions International, Inc. (“Axiom”) with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that have been or will be filed by each of Flex and Axiom with the SEC on the SEC’s website at http://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.

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SOURCE Flex

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The Tel Aviv Stock Exchange (TASE) Schedules Third Quarter 2026 Results Release and Conference Call for Tuesday, November 10, 2026

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TEL AVIV, Israel, Oct. 12, 2026 /PRNewswire/ — The Tel Aviv Stock Exchange (TASE: TASE) is pleased to announce that its financial statements for the period ended September 30, 2026 will be published on Tuesday, November 10, 2026, after market close.

The financial statements and the investors presentation will be posted on TASE’s MAYA website as well as on the website of the Israel Securities Authority (MAGNA) and under Investor Relations in TASE’s website, at https://ir.tase.co.il/eng.

In addition, the Company is pleased to announce that at 8:00 PM (Israeli time) on Tuesday, November 10, 2026, a conference call will take place, in English, in which the Company’s financial statements for the third quarter 2026 will be reviewed before the Company’s investors.

The Company’s CEO, Mr. Ittai Ben-Zeev, and its CFO, Mr. Alon Solar, will host the call followed by Q&A.

Conference Call Dial-in Details (on passcode required):
Israel: 03-9180609
US: 1-866-744-5399 (toll free)
Canada: 1–888-604-5839 (toll free)
UK: 0-800-917-5108 (toll free)
All other Locations: + 972-3-9180609

The conference call will be held in English and will be accompanied by a presentation, which will be reported on the Israeli Securities Authority website (MAGNA), on the MAYA website and on the Company’s website. A day after the call, a recording of the conference call will be uploaded to the Company’s website, under “News” in the Investor Relations area.

The conference call is not a substitute for perusing the Company’s interim financial statements for the period ended September 30, 2026 in which full and precise information is presented.

https://maya.tase.co.il/he/reports/companies/1775350

The Tel-Aviv Stock Exchange will be happy to assist interested parties in initiating contact with our listed companies. Reach out to us for help connecting with the most relevant executives in these companies:

Tom Alhadif,
Head of Market Development
Tel: +972 76 8160485
toma@tase.co.il

Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

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SOURCE The Tel Aviv Stock Exchange Ltd.

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Lucid Sets Plan for First Retail and Service Locations in France

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Lucid will open its first three retail and service locations in the first quarter of 2027.Lucid plans to expand its French network to more than 16 partner locations by the end of 2027.Customers will be able to experience and order Lucid Gravity1 and Lucid Air2 at each location; reservations with priority for future ordering are now available on Lucid’s French website.

PARIS, Oct. 12, 2026 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced software-defined vehicles and technologies, today announced that its first French retail and service locations will open in the first quarter of 2027. Those three partner locations are in late-stage planning and mark an important step in Lucid’s entry into France. They are the beginning of a planned network of more than 16 partner locations by the end of 2027.

The network will provide a strong foundation for growth in France while delivering the high-quality sales, service, and ownership experience Lucid customers expect. The three first locations will provide sales and service support and offer customers the opportunity to experience Lucid Gravity1, the 2026 World Luxury Car of the Year, and Lucid Air2.

Lucid Gravity combines the space and versatility of a premium SUV with Lucid’s signature performance, technology, and efficiency, offering up to 739 kilometers of WLTP range, seating for up to seven adults, and ultra-fast charging.

Lucid Air sets benchmarks for electric vehicle efficiency, range, and performance, with up to 960 kilometers of WLTP range and up to 1,251 PS in a highly aerodynamic design.

“France is an important market for Lucid,” said Lawrence Hamilton, President of Europe at Lucid. “With Emil Frey France, we are establishing a customer-focused presence that will deliver the sales, service, and ownership experience our vehicles and customers deserve.”

“We are proud to support Lucid’s entry into the French market,” said Pierre Guignot, General Manager of the Emil Frey France Import Division. “Lucid’s innovative products and technology set new standards in electric mobility. By combining Lucid’s exceptional vehicles with Emil Frey France’s partner network expertise, we are committed to delivering a seamless ownership experience and providing customers across France with the highest level of support throughout their journey.”

Orders for Lucid vehicles in France are expected to open in the first quarter of 2027. Customers can reserve now to receive priority when ordering opens through Lucid’s French website: https://lucidmotors.com/fr-fr 

For more details about Lucid and its vehicles, visit the official Lucid website: https://lucidmotors.com/ 

High-resolution images of the Lucid Gravity and Lucid Air are available here:
https://f.io/RPq0PQlW 

About Lucid Group 

Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software defined vehicle architectures, the company’s lineup of award-winning vehicles brings Lucid’s “Compromise Nothing™” approach to premium segments of the global automotive market. Lucid designs and engineers its products in-house and manufactures at its vertically integrated facilities in Arizona and Saudi Arabia, enabling continuous innovation across vehicles, software, and advanced driver assistance and autonomy-ready capabilities.

Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, Lucid’s planned entry and expansion in France, including the expected opening of its retail and service locations and the opening of vehicle orders, the plan on expansion of French network, and the anticipated customer experience and results of expansion, and Lucid’s strategy. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the cautionary language and the Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contact
Sebastian Michel
Manager PR & Communications Europe at Lucid
preurope@lucidmotors.com

Camilla Jokisch
Lead PR & Communications Europe at Lucid
preurope@lucidmotors.com

Trademarks

This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

1 Lucid Gravity 418 – 617 kW (568 – 839 ch), 536 – 739 km d’autonomie combinée (WLTP), 0 g CO₂/km, 19,1 à 18,2 kWh/100 km.
La consommation de carburant et les émissions de CO₂, d’un véhicule sont fonction non seulement de son rendement énergétique, mais également du comportement au volant et d’autres facteurs non techniques.
Les informations sur les consommations de carburant et les émissions de CO₂, de tous les modèles de voitures particulières neuves, contenues dans le guide de l’ADEME, peuvent être obtenues gratuitement dans tous les points de vente, auprès de l’ADEME et consultées sur le site internet : www.ademe.fr

2 Lucid Air 325 – 920 kW (442 – 1.251 ch), 694 – 960 km d’autonomie combinée (WLTP), 0 g CO₂/km, 19,1 à 11,8 kWh/100 km.
La consommation de carburant et les émissions de CO₂, d’un véhicule sont fonction non seulement de son rendement énergétique, mais également du comportement au volant et d’autres facteurs non techniques.
Les informations sur les consommations de carburant et les émissions de CO₂, de tous les modèles de voitures particulières neuves, contenues dans le guide de l’ADEME, peuvent être obtenues gratuitement dans tous les points de vente, auprès de l’ADEME et consultées sur le site internet : www.ademe.fr

Pour les trajets courts, privilégiez la marche ou le vélo.
Au quotidien, prenez les transports en commun.
Pensez à covoiturer.
#SeDéplacerMoinsPolluer

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Jones Walker Appoints Ted Jones as Baton Rouge Office Head

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BATON ROUGE, La., Oct. 12, 2026 /PRNewswire/ — Jones Walker LLP announced that Ted Jones has been appointed as head of the firm’s Baton Rouge office, effective September 1, 2026.

Ted is a partner in the Corporate Practice Group and joined the firm as special counsel in 2012. He was promoted to partner in 2017. In his new role as head of the office, Ted will oversee the management of and strategic expansion efforts for the firm’s office located in downtown Baton Rouge.

“We are thrilled to have Ted take on this important role leading our Baton Rouge office and helping shape its continued growth and impact in the market,” said managing partner Bill Hines. “He has long been a trusted voice within our firm and a respected presence in the Greater Baton Rouge business and legal communities.”

Ted is a skilled corporate attorney who advises public and private companies, private equity and venture capital funds, investment banks and underwriters, and individual and other institutional investors in connection with securities offerings, other financing transactions, mergers and acquisitions, joint ventures, restructurings and recapitalizations, corporate governance, and public finance matters. He also advises private fund managers, investment bankers and other investment advisors, and broker-dealers with respect to compliance under federal and state securities laws and regulations.

Prior to joining Jones Walker, Ted was an investment banker with the Baton Rouge office of Stephens Inc. and practiced corporate and securities law in Silicon Valley.

Ted replaces Brandon Black, a partner in the Litigation Practice Group, who joined the firm in 2005 and has served as office head since 2016. Brandon is joining Cajun Industries as Chief Legal Officer beginning January 2027.

Brandon and Ted will collaborate on this leadership transition through the end of the year.

About Jones Walker
Jones Walker LLP (joneswalker.com) is among the largest 140 law firms in the United States. With offices in Alabama, Arizona, the District of Columbia, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, New York, and Texas, we serve local, regional, national, and international business interests. The firm is committed to providing a comprehensive range of legal services to major multinational public and private corporations, Fortune® 500 companies, money center banks, worldwide insurers, and emerging companies doing business in the United States and abroad.

Contact:
Ryan Evans
504.582.8209
revans@joneswalker.com

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SOURCE Jones Walker LLP

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