Technology

Flex Announces Expected Flex CFO and Board Composition for Flex and Axiom Following Separation

Published

1 day ago

September 15, 2026

News summary

Amy B. Schwetz will join Flex as CFO of its RMS and ITS segments and is expected to serve as Flex CFO following the separationPost-separation board composition announced, including four new directors: George R. Oliver and Brian Yoor to Flex, and Mark Eubanks and David Johnson to Axiom

AUSTIN, Texas, Sept. 15, 2026 /PRNewswire/ — Flex (Nasdaq: FLEX) today announced that Amy B. Schwetz will join the company as Chief Financial Officer (CFO) of its Regulated Manufacturing Services (RMS) and Integrated Technology Services (ITS) segments on October 5, 2026, and is expected to serve as Flex CFO following completion of the planned separation of its Cloud and Power Infrastructure segment. Flex also announced the expected post-separation composition of the Boards of Directors of Flex and Axiom Solutions International, Inc. (Axiom), including four new director appointments. As announced separately today, Axiom will be the name of the future independent company.

Schwetz brings more than 25 years of finance and accounting experience. She most recently served as CFO of Flowserve and previously served as CFO of Peabody Energy, where she held finance roles of increasing responsibility over 14 years. She began her career at Ernst & Young and brings extensive public company financial leadership and industrial experience to Flex.

The Flex Board will bring extensive global manufacturing, technology, financial and public company leadership experience to support the company’s next chapter. The Axiom Board will combine deep electrical industry, technology, global operating and financial expertise to support Axiom’s growth as an independent company.

Expected Flex Board Following the Separation

Revathi Advaithi, CEO of Flex; expected CEO of Axiom (Chair)Michael Hartung, CCO of Flex; expected CEO of FlexJohn D. Harris II, former CEO of Raytheon International, Inc.Erin L. McSweeney, Chief People Officer of UnitedHealth GroupLay Koon Tan, former CEO of STATS ChipPACPatrick J. Ward, former CFO of CumminsGeorge R. Oliver, former Chair and CEO of Johnson ControlsBrian Yoor, former CFO of Abbott Laboratories

Prior to the separation, Flex plans to appoint a Lead Independent Director of the Flex Board, effective upon the separation.

Expected Axiom Board Following the Separation

William D. Watkins, former CEO of Seagate Technology (Chair)Revathi Advaithi, CEO of Flex (expected CEO of Axiom)Michael E. Hurlston, CEO of LumentumCharles K. Stevens III, former CFO of General MotorsMaryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification of ABBMark Eubanks, CEO of Brink’sDavid Johnson, CFO of Corteva, Inc.

New Director Appointees

George R. Oliver and Mark Eubanks will join the Flex Board, effective September 24, 2026. Following completion of the separation, Oliver will continue serving on the Flex Board and Eubanks will transition to the Axiom Board. Brian Yoor and David Johnson are expected to join the Flex and Axiom boards, respectively, upon completion of the separation.

Flex New Director Appointees Bios

George R. Oliver previously served as chair and CEO of Johnson Controls and as CEO of Tyco International. He brings decades of global industrial leadership and deep manufacturing, operational and strategic expertise. He currently serves on the boards of RTX Corporation and NVR, Inc.

Brian Yoor is the former CFO of Abbott Laboratories, where he led global finance, capital allocation, investor relations and enterprise financial strategy. During his more than 20-year career at Abbott, he held senior finance leadership roles across the company’s diagnostics, nutrition and pharmaceutical businesses. He brings extensive experience in financial leadership, capital markets, investor engagement and audit oversight.

Axiom New Director Appointees Bios

Mark Eubanks is CEO and a director of Brink’s. He previously held leadership roles at Otis and served as group president of Eaton’s Electrical Products business, where he oversaw approximately $6 billion in annual revenue. He brings deep electrical industry knowledge and extensive global operating experience.

David Johnson is CFO of Corteva, Inc. He previously served as CFO and chief accounting officer of Atkore and spent 29 years at Eaton, most recently as vice president of finance and operations for its Electrical Sector business. He brings more than three decades of experience in financial leadership, operational discipline and the electrical products industry.

The planned separation is expected to be completed in the first quarter of calendar 2027, subject to customary conditions, including among other things, final approval by the Flex Board of Directors, the effectiveness of the Form 10 registration statement (Form 10) filed with the U.S. Securities and Exchange Commission (SEC) and Flex shareholder and Singapore High Court approval. Upon completion, Flex and Axiom are expected to operate as independent publicly traded companies.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex’s intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources.

Contacts

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

Flex Media & Press
press@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’s 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 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 intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off proposal. In addition, a registration statement on Form 10 has been filed with the SEC by 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 ARE 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 WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and Axiom with the SEC on the SEC’s website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.

Participants in the Solicitation

Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex’s directors and executive officers and their ownership of Flex ordinary shares is contained in Flex’s proxy statement for its 2026 annual general meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings “Corporate Governance,” “Fiscal Year 2026 Non-Employee Directors’ Compensation,” “Proposal No. 1: Re-election of Directors,” “Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation,” “Compensation Discussion and Analysis,” “Executive Compensation,” “Information about our Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management.” To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual general meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.

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SOURCE Flex

Technology

Diagnostic Imaging Market to Reach US$ 33.2 Bn by 2031, Growing at 4.6% CAGR: New Report by Wissen Research

Published

5 minutes ago

September 16, 2026

Rising Demand for Early Disease Detection and AI-Enabled Imaging Drives Steady Market Expansion Through 2031

SHERIDAN, Wyo., Sept. 16, 2026 /PRNewswire/ — The global diagnostic imaging market is projected to grow from USD 26.5 billion in 2026 to USD 33.2 billion by 2031, registering a CAGR of 4.6% during the forecast period (2026–2031), according to a new study by Wissen Research.

Growth is being driven by rising chronic disease prevalence, an expanding geriatric population, and increasing demand for earlier and more precise disease detection. AI-assisted imaging, 3D/4D visualization, and portable imaging devices are improving diagnostic accuracy, streamlining radiology workflows, and extending imaging access across hospitals, outpatient clinics, emergency settings, and rural healthcare facilities.

See the Full Data Behind This Forecast — Get a Free Sample Report:

Where the Technology Is Heading: AI Moves Into the Scanner Itself

The most significant shift in diagnostic imaging is not happening after the scan — it is happening during it. Major manufacturers are embedding deep learning reconstruction (DLR) algorithms directly into image acquisition pipelines, clearing signal-level noise as data is captured rather than cleaning up images afterward.

The clinical impact is measurable. GE HealthCare’s Sonic DL sequence now enables complex multi-sequence brain and joint MRI protocols to complete in under 15 minutes, allowing hospitals to increase daily throughput per scanner substantially without new capital equipment. Radiology remains the leading specialty for AI-enabled device clearances, with more than 1,100 cleared by the U.S. FDA to date.

Alongside this, cloud-native PACS and teleradiology platforms are replacing on-premise image archives, enabling remote reads across multi-site networks and reducing reporting turnaround times. Photon-counting CT and hybrid imaging systems are pushing resolution higher while lowering radiation dose, supporting earlier detection in oncology, cardiology, and neurology.

What’s Fueling Growth in the Diagnostic Imaging Market

AI-Enabled Imaging Adoption: AI-based systems are improving diagnostic precision, shortening scan-to-diagnosis time, and raising patient throughput across care settings.Cloud PACS and Teleradiology Expansion: Remote reading platforms are accelerating reporting and improving specialist access across distributed hospital networks.Photon-Counting CT Commercialization: Ultra-high-definition imaging with reduced radiation exposure is shortening replacement cycles for high-end equipment.Portable and Handheld Imaging: Point-of-care ultrasound and mobile systems are expanding diagnostic access in emergency departments, outpatient centers, and rural facilities.Safer Contrast Agents: Non-nephrotoxic imaging options are extending diagnostic access to chronic kidney disease patients.Certified Refurbished Systems: Lower capital barriers are enabling imaging infrastructure expansion across developing markets.

Need Data Specific to Your Region or Segment? Request a Custom Report

Challenges Facing the Diagnostic Imaging Market

Reimbursement compression is emerging as the sector’s most pressing operational constraint. The Centers for Medicare & Medicaid Services introduced an efficiency adjustment in the 2026 Medicare Physician Fee Schedule that permanently reduces work relative value units by 2.5% across roughly 7,700 diagnostic and procedural codes. New combined head and neck CTA codes have produced global payment reductions of up to 30.8%. The result is a growing misalignment between what providers invest in premium scanners and what public payers reimburse — pushing many networks to extend equipment life cycles rather than upgrade.

Beyond reimbursement, high acquisition and maintenance costs for MRI and CT systems remain a barrier for community hospitals and providers in developing markets. A persistent shortage of qualified radiologists is contributing to reporting backlogs, while the shift to cloud-based imaging raises data security and cybersecurity considerations for healthcare providers.

Recent Strategic Developments in the Diagnostic Imaging Market

In May 2026, GE HealthCare introduced next-generation SIGNA MRI technologies and AI-based workflow solutions at ISMRM 2026, including new 3T and helium-free MRI systems, deep learning imaging technologies, and cloud-based research tools.

Also in May 2026, Siemens Healthineers launched an integrated workflow solution for CT-guided percutaneous coronary interventions, combining CT imaging, plaque analysis, procedural planning, and cath lab guidance in a single application.

In March 2026, Samsung Medison consolidated its U.S. medical imaging divisions, NeuroLogica and Boston Imaging, under the Samsung HME America brand, expanding into AI ultrasound, digital radiography, portable CT, and photon-counting detector technologies.

In February 2026, Fujifilm Holdings launched the ARIETTA Deep Insight x ultrasound platform, applying AI and deep learning to improve image quality, with automated workflow tools and real-time virtual sonography.

Key Insights from Diagnostic Imaging Market Analysis

X-ray systems led the market by modality in 2025, supported by the highest global procedure volumes of any modality, lower installation and shielding requirements, and continued analog-to-digital replacement demand.2D imaging held the largest share by technology type in 2025, driven by faster acquisition and turnaround times, lower infrastructure needs, and the fact that most AI triage algorithms were built around standard 2D radiography and ultrasound workflows.North America held the largest regional share in 2025, supported by strong reimbursement, high per-capita imaging volumes, and large health systems with significant purchasing capacity.Asia-Pacific is the fastest-growing region, driven by healthcare infrastructure expansion, rising healthcare expenditure, and growing adoption of AI-enabled and portable imaging across urban and underserved areas.

Key Players in the Diagnostic Imaging Market

Leading companies are focused on embedding AI into imaging platforms, expanding cloud and enterprise imaging capabilities, and broadening portable and point-of-care portfolios.

Company

Key Focus Area

GE HealthCare (US)

SIGNA MRI platforms and deep learning reconstruction

Siemens Healthineers (Germany)

CT, interventional imaging, and integrated procedural workflows

Philips (Netherlands)

Enterprise imaging, cloud PACS, and AI-enabled platforms

Canon Medical Systems (Japan)

CT, MRI, and ultrasound imaging systems

Fujifilm Holdings (Japan)

AI-driven ultrasound and enterprise imaging management

Samsung Medison (South Korea)

AI ultrasound, portable CT, and photon-counting detectors

Hitachi Healthcare (Japan)

Diagnostic imaging systems portfolio

Shimadzu Corporation (Japan)

X-ray and fluoroscopy imaging systems

Hologic (US)

Mammography and breast imaging

United Imaging Healthcare (China)

Advanced imaging systems manufacturing

Butterfly Network (US)

Handheld point-of-care ultrasound

Nano-X Imaging (Israel)

Digital X-ray and imaging access technologies

Regional Analysis and Growth Opportunities

North America leads the diagnostic imaging market, underpinned by advanced healthcare infrastructure, high imaging procedure volumes, favorable reimbursement for advanced modalities, and sustained hospital investment in premium imaging technology. An aging population and the formation of large health networks and group purchasing organizations continue to support long-term equipment and service contracts.

Asia-Pacific is the fastest-growing region, propelled by healthcare infrastructure expansion, rising healthcare expenditure, and improving access to advanced diagnostics across China, India, Japan, South Korea, and Australia. Government investment in healthcare modernization and the growth of private hospitals and imaging centers are accelerating adoption, while AI-enabled and portable systems are extending diagnostic capability into underserved areas.

Europe, Latin America, and the Middle East & Africa complete the report’s regional coverage, with growth shaped by screening program expansion and imaging infrastructure investment.

Wissen Research’s healthcare technology analysts are available to walk through findings specific to your market, region, or competitive set.

Need Insights Specific to Your Business? Request a Customized Version of This Report:

Market Segmentation Snapshot

The global diagnostic imaging market is segmented across modality, technology, portability, architecture, application, end user, and region:

By Modality Type: X-RayUltrasoundComputed Tomography (CT)Magnetic Resonance Imaging (MRI)Nuclear Imaging (PET/SPECT)MammographyFluoroscopyBy Technology Type: 2D Imaging3D/4D ImagingAI-Enabled ImagingPortable/Point-of-Care ImagingCloud-Based Imaging InformaticsBy Portability Type: Fixed Imaging SystemsPortable/Mobile Imaging SystemsBy Source/Architecture Type: Standalone Imaging SystemsHybrid Imaging Systems (PET-CT, SPECT-CT, PET-MRI)By Application Type: CardiologyOncologyNeurologyOrthopedicsGynecology & ObstetricsPulmonologyGastroenterologyBy End User: HospitalsDiagnostic Imaging CentersAmbulatory Surgical CentersSpecialty ClinicsResearch & Academic InstitutesBy Region: North AmericaEuropeAsia-PacificLatin AmericaMiddle East & Africa

As AI-enabled imaging, photon-counting CT, and cloud-based radiology continue to mature, diagnostic imaging remains a cornerstone of modern healthcare infrastructure. For manufacturers and providers, the path forward lies in balancing continued technology investment against tightening reimbursement, while extending imaging access into outpatient, portable, and underserved care settings.

Get the Complete Diagnostics Imaging Market Report — Forecasts, Insights & Growth Opportunities: https://www.wissenresearch.com/market-research-reports-pricings/diagnostic-imaging-market/

Frequently Asked Questions

Q: What is the size of the diagnostic imaging market? A: The global diagnostic imaging market is estimated at USD 26.5 billion in 2026 and is projected to reach USD 33.2 billion by 2031.

Q: What is the growth rate of the diagnostic imaging market? A: The diagnostic imaging market is projected to grow at a CAGR of 4.6% between 2026 and 2031.

Q: Which modality holds the largest share of the diagnostic imaging market? A: X-ray systems held the largest share by modality in 2025, supported by the highest global procedure volumes and lower installation and infrastructure requirements compared with other modalities.

Q: Which region leads the diagnostic imaging market? A: North America held the largest share of the diagnostic imaging market in 2025, while Asia-Pacific is the fastest-growing region through 2031.

Q: Who are the key players in the diagnostic imaging market? A: Leading companies in the diagnostic imaging market include GE HealthCare, Siemens Healthineers, Philips, Canon Medical Systems, and Fujifilm Holdings.

Q: How is AI changing diagnostic imaging? A: AI is being embedded directly into image acquisition through deep learning reconstruction algorithms, reducing noise at the signal level, shortening scan times, and enabling automated lesion detection and workflow prioritization for radiologists.

Expert Profile | Mayur Jain, Wissen Research

Mayur Jain is a Research Expert at Wissen Research with multidomain expertise with more than 12+ years of experience in market research industry.

Email: mayur@wissenresearch.com
LinkedIn: https://www.linkedin.com/in/mayur-jain-0190542a/

About Wissen Research

Wissen Research is a global market intelligence and consulting firm specializing in healthcare, life sciences, technology, and emerging industries. The company provides data-driven insights, strategic market analysis, and industry forecasts to help organizations make informed business decisions and identify new growth opportunities across global markets

Company Contact:

Wissen Research LLC,
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Phone: (+1) 510 240 9853
Email: info@wissenresearch.com
Website: https://www.wissenresearch.com/
Blog: https://www.wissenresearch.com/insights/
LinkedIn: https://www.linkedin.com/company/wissen-research

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Technology

CIB closes $100 million loan with Morguard to advance building energy upgrades

Published

5 minutes ago

September 16, 2026

NERVA Energy to support deep energy retrofits across selected Morguard properties

Disponible en français

Morguard has established a $145 million Morguard ReNew Fund supported by its partnersThe Morguard ReNew Fund supports retrofits which will reduce energy use and help lower long-term operating costs, with a minimum 30 per cent reduction in emissionsMorguard and NERVA Energy will complete deep energy retrofits and optimization projects across a diverse portfolio of residential and commercial properties in CanadaUpgrades will modernize mechanical systems and support fuel switching to low-carbon heating and hot water options, including heat pumps and the use of district energy

TORONTO, Sept. 16, 2026 /CNW/ — The Canada Infrastructure Bank (CIB) has reached financial close on a $100 million loan with Morguard Corporation to enable energy‑efficient retrofits across a portfolio of approximately 30 properties in Canada.

Morguard is a fully integrated real estate firm with more than $24.2 billion in assets under management across North America. Morguard will collaborate with NERVA Energy, a multi‑disciplinary engineering firm specializing in energy performance, to design and implement the retrofit projects across the portfolio.

The loan, coupled with an equity commitment from Morguard and its investors through the newly established Morguard ReNew Fund, will support portfolio-scale building upgrades across Morguard’s multi-suite residential and commercial buildings, including retail, office and industrial properties. Upgrades are expected to include improvements to optimize building systems and mechanical equipment, along with low-carbon heating and hot water solutions.

NERVA Energy is serving as the technical and delivery partner, providing integrated engineering and implementation across participating properties. The projects are focused on improving building performance, reducing emissions and supporting long-term operational efficiency.

The upgrades are expected to reduce annual emissions by approximately 35,246 tonnes of CO₂e across participating properties, while improving building performance and long-term operational efficiency.

The CIB’s loan is provided through its Building Retrofits Initiative, which offers low-cost, long-term financing to help building owners overcome high upfront costs and long payback periods associated with deep energy retrofits.

Endorsements:

Delivering deep retrofits at scale takes strong collaboration between building owners, technical experts, and long‑term capital. Working with Morguard and NERVA Energy, we’re accelerating deep retrofits that reduce energy use, save owners long‑term operating expenses and cut emissions.
Ehren Cory, CEO, Canada Infrastructure Bank

Through investments like this, the Canada Infrastructure Bank is helping building owners make the upgrades needed to cut emissions, lower energy costs, and extend the life of the building. These large-scale retrofits will modernize buildings across Ontario and Quebec while supporting a cleaner economy and more resilient communities for generations to come.
Hon. Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada

This $100 million investment through the Canada Infrastructure Bank will help modernize buildings across Canada, reduce emissions by more than 35,000 tonnes annually, and improve long-term energy efficiency. By partnering with Morguard and NERVA Energy, we are supporting practical solutions that strengthen our building infrastructure while advancing Canada’s clean economy.
Hon. Shafqat Ali, President of the Treasury

Establishing the Morguard ReNew Fund, with support from CIB, advances our ongoing efforts to strengthen the performance, efficiency and resilience of our properties over time. By implementing retrofit upgrades across selected assets, we are improving building operations, reducing emissions and continuing to position our portfolio for long-term value creation.
Angela Sahi, President and Chief Executive Officer, Morguard Corporation

This is a clear example of where the industry is heading. Retrofit programs are no longer conceptual or fragmented, they are becoming structured, measurable and scalable. We are proud to support Morguard in delivering tangible performance improvements across their portfolio while advancing Canadian expertise in this space.
Rob Hallewick, Chief Executive Officer, NERVA Energy

Learn More:

Morguard Corporation
NERVA Energy

Morguard Corporation

Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX: MRC). The company and its subsidiaries, Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN), own a diversified portfolio of real estate assets across multiple classes, including office, industrial, retail, multi-suite residential and hotel. Morguard also provides real estate management services to institutional and other investors. As of June 30, 2026, Morguard’s owned and managed portfolio of assets was valued at $24.2 billion.

For more information, visit www.morguard.com or follow on LinkedIn and Instagram.

NERVA Energy

NERVA Energy is a Canadian multidisciplinary engineering firm specializing in the delivery of high-performance building retrofit solutions. Combining in-house engineering expertise with field execution capabilities, NERVA provides turnkey programs that optimize building systems, improve energy performance, and enhance overall asset quality.

With a focus on measurable outcomes and accountability, NERVA’s solutions are supported by performance guarantees, ensuring that projected results are realized in practice. The firm works with building owners and institutional partners to deliver scalable retrofit programs that improve efficiency, reduce emissions, and strengthen long-term asset performance.

SOURCE Canada Infrastructure Bank

Technology

Millennium Partners Management LLC – Notice of Data Security Incident

Published

5 minutes ago

September 16, 2026

NEW YORK, Sept. 16, 2026 /PRNewswire/ — Millennium Partners Management experienced data security incident involving the personal information of some customers and employees.

On April 27, 2026, Millennium discovered a network disruption. It took immediate action to secure its network and engaged outside cybersecurity specialists to investigate. As part of the investigation, Millennium learned that its network suffered unauthorized access at times between April 24, 2026, and April 26, 2026. On July 9, 2026, it confirmed that personal information from its network had been accessed and acquired. The information may have included Social Security numbers.

Upon becoming aware of the disruption, Millennium took immediate steps to secure its systems and enhance its security posture. In addition, Millennium established a toll-free professional call center to answer questions about the incident.

Generally, it is best practice to remain vigilant for risk of identity theft and fraud by reviewing and monitoring your account statements and credit reports for suspicious activity and errors. If you discover any suspicious or unusual activity on your accounts, promptly contact your financial institution or service provider. Individuals are entitled to one free credit report annually from each of the three major credit reporting bureaus: TransUnion, Experian, and Equifax. To order a free credit report, visit www.annualcreditreport.com or call 1-877-322-8228.

For further information, individuals may contact a professional call center at 1-800-405-6108, 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday, excluding federal holidays.

Joshua Mooney, joshua.mooney@kennedyslaw.com

View original content:https://www.prnewswire.com/news-releases/millennium-partners-management-llc—notice-of-data-security-incident-302881103.html

SOURCE Kennedys CMK LLP