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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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Subeca Announces Backing by Burnt Island Ventures, Cycle H2O, and SUEZ to Bring Flexible Connectivity to Water Metering

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Funding strengthens Subeca’s position as a leading provider of affordable smart water infrastructure and accelerates utility adoption across North America

CARY, N.C., Oct. 12, 2026 /PRNewswire/ — Subeca today announced approximately $3M in additional funding to further deliver hardware and software solutions for utility metering and net-zero sustainability metering. The Series A-2 was led by Burnt Island Ventures, the most active venture investor in the global water industry, with participation from Cycle H2O, a leading water technology venture fund, and SUEZ, a global water technology company, and several additional investors.

“Plenty of companies talk about disrupting the water industry. We’re actually doing it, and we’re doing it for the utilities and operators where legacy solutions have proven too complex and too costly. This funding fuels our rapid growth and our commitment to bringing real-time meter data to small and medium-sized utilities and hyperscalers, because every water provider deserves the tools to serve its customers and meet its sustainability goals,” said Anne Mushow, Chief Executive Officer of Subeca.

“We see the billion dollar opportunity around an unmet need for affordable smart meter infrastructure and AI-native software. Subeca is now live across 23 communities offering its bundled smart meter plus software package. We are so impressed with Anne and her team as they continue to impress as they deliver on their vision of smart water meters for all,” said Christine Boyle, General Partner at Burnt Island Ventures.

Subeca’s differentiated offering provides simple, easy-to-deploy options for the more than 51,000 utilities and businesses in the US that have been locked out of the benefits of advanced metering technology due to the cost and complexity of legacy technology solutions. Produced in Cary, North Carolina, Subeca’s communication module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population as well as parts of Canada and Mexico, to help customers proactively manage water infrastructure and detect and resolve water leaks early.

The investment further strengthens Subeca’s existing ecosystem of strategic water industry partners. Since its Series A financing, the company has built relationships with leading organizations across water technology, digital infrastructure, and utility operations, creating a strong foundation for future growth.

In addition to providing growth capital, new investor Cycle H2O brings a uniquely strategic combination of investment expertise, industry relationships, and commercial networks focused exclusively on the water sector. Through its close partnership with H2O Innovation, one of North America’s leading water solutions providers, Cycle H2O offers Subeca access to a broad network of municipal and industrial water customers, technical expertise, and market development opportunities.

“We are proud to support Subeca, whose platform addresses one of the most important challenges facing the water sector: making digital water management solutions accessible and affordable for utilities of all sizes. Through Cycle H2O, under Simon Olivier’s leadership, we are pleased to join as a new investor in Subeca’s practical, scalable innovation. Their technology, which helps utilities detect leaks, conserve water and cut operating costs, aligns perfectly with our thesis of backing technologies that accelerate the sustainable transformation of essential industries,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Subeca’s 2024 Series A raised $6M led by SUEZ, with additional investment by Burnt Island Ventures and Amazon’s Climate Pledge Fund, Amazon’s sustainability-focused corporate venture fund.

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XGIMI HORIZON 30 Series Brings Smoother, Sharper Entertainment to Life with 4K 120Hz

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New HORIZON 30 Series projectors deliver bright images, deep contrast and smooth 4K 120Hz performance with flexible setup for movies, sports, gaming and more.

CHENGDU, China, Oct. 12, 2026 /PRNewswire/ — Following its first preview at IFA 2026, XGIMI, a global leader in premium smart projection and home entertainment, today announced the HORIZON 30 Series, the new generation of high-performance home projectors designed to make big-screen entertainment work for more of what people watch – and more of the rooms they watch it in.

Available in three models – HORIZON 30 Pro, HORIZON 30 Max and HORIZON 30 Ultra Max – the new series combines RGB Triple Laser technology with up to 6,000 ISO lumens of brightness, native contrast up to 10,000:1, and 4K 120Hz performance.

Compared to the HORIZON 20 Series, the new collection delivers seven times the native contrast, and twice the refresh rate – helping pictures stay brighter in rooms with ambient light, revealing greater depth in dark scenes, and making fast-moving content look smoother.

Picture Perfect, Day or Night

Great entertainment shouldn’t wait until the lights go down. The HORIZON 30 Series is designed to adapt as the room, content, and occasion change.

Powered by an RGB Triple Laser light source, the series reaches up to 6,000 ISO lumens, helping maintain a bright, vibrant picture for afternoon sports, weekend gaming, or everyday TV. When the room gets darker, native contrast of up to 10,000:1 brings greater depth and detail to shadows, giving movies and cinematic content a richer sense of dimension.

A Dual Intelligent Iris System automatically adjusts light as scenes change, bringing out more detail in both bright highlights and deep shadows. XGIMI’s 19-element optical system is engineered for edge-to-edge clarity, while Dolby Vision, HDR10+ and IMAX Enhanced help deliver richer color, contrast and detail across movies, shows, and more.

The result is a projector that transitions naturally from daytime entertainment to nighttime viewing.

Every Frame, in Full Flow

While high refresh rates are often associated with gaming, the HORIZON 30 Series puts 4K 120Hz to work across everyday entertainment. The higher refresh rate keeps motion fluid and easy to follow, from tracking the ball during live sports and following fast-paced action in films to gaming with less delay between the controller and screen.

It also gives movies special treatment. The HORIZON 30 Series can display cinema’s native 24fps content evenly at 120Hz, helping films retain smooth, natural motion. When it’s time to game, low latency and support for VRR, ALLM and AMD FreeSync help make the same screen ready for faster, more responsive play.

Users don’t have to choose between a projector made for movies, sports, or gaming – the HORIZON 30 Series is built around all three.

A Big Screen, On Your Terms

The HORIZON 30 Series brings the big-screen experience home without the need for a dedicated theater space, with a flexible design made to work around the room that’s already there. Its integrated stand can tilt and rotate, while optical zoom and lens shift provide more freedom to position the picture without requiring the projector to sit directly in front of the screen. Lens Memory can even save up to five custom setups, making it easier to move between everyday TV and ultra-wide movies.

Once in place, XGIMI’s Intelligent Screen Adaptation technology takes care of much of the setup automatically, adjusting the picture to fit the screen and its surroundings with minimal effort from the user.

Built-in Google TV puts movies, shows, and streaming apps in one place, while dual 12W Harman Kardon speakers with DTS Virtual:X create a more immersive, surround-like sound experience without the need for additional speakers, bringing the big screen, streaming, and audio together in one streamlined setup.

The HORIZON 30 Series at a Glance

MODEL

HORIZON 30 Pro

HORIZON 30 Max

HORIZON 30 Ultra Max

Price

$2,499

$2,999

$3,499

Pre-Order Price

$1,899

$2,499

$2,999

Light Source

RGB Triple Laser

RGB Triple Laser

RGB Triple Laser

Brightness

4,800 ISO Lumens

5,300 ISO Lumens

6,000 ISO Lumens

Native Contrast

8,000:1

9,000:1

10,000:1

Refresh Rate

4K 120Hz

4K 120Hz

4K 120Hz

Sound

2 x 12W Harman Kardon

2 x 12W Harman Kardon

2 x 12W Harman Kardon

Pricing & Availability

The XGIMI HORIZON 30 Series is available for pre-order beginning October 12 through October 31 at XGIMI.com, with open sales beginning November 1. During the pre-order period, HORIZON 30 Pro is available for $1,899, HORIZON 30 Max for $2,499, and HORIZON 30 Ultra Max for $2,999.

All pre-orders include a choice of an XGIMI Floor Stand (Elephant Grey) or Ceiling Mount, two pairs of 3D glasses, and a $500 coupon toward the XGIMI Ascend Screen.

For more information, visit xgimi.com.

About XGIMI

Since 2013, the state-of-the-art XGIMI projectors have helped countless people worldwide to create genuinely immersive audio-visual experiences. Working with reputable partners like Google, Harman Kardon, and Texas Instruments, XGIMI builds all-in-one entertainment devices, perfected due to their user-oriented philosophy. Through industry-leading innovation, streamlined setups, and unique designs, XGIMI always strives to develop the best home and portable projectors for everyone to enjoy. XGIMI is also expanding their expertise into commercial projector technology to bring immersive experiences to more spaces. Learn more at XGIMI Projector Technology.

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Syrenis Named a Niche Player in the 2026 Gartner® Magic Quadrant™ for Privacy UX

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Enterprise consent and preference management helps marketing teams know exactly what customer data they can use, and for what purpose

ATLANTA, Oct. 12, 2026 /PRNewswire/ — Syrenis, the enterprise consent and preference management company, today announced it has been named a Niche Player in the 2026 Gartner Magic Quadrant for Privacy UX. This is the first Magic Quadrant Gartner has published for the Privacy UX market.

Gartner defines the privacy user experience (UX) as “the components of an organization’s privacy program that directly touch an individual.” For enterprise marketing teams, customer consent determines how much of their data they can put to work. That information is usually scattered across CRM, marketing automation, web and data platforms. As a result, campaigns stall in review, audiences shrink to whatever feels safe, and every new channel raises the same question about what the team is allowed to use.

The Syrenis Platform answers that question. It records every consent and preference by purpose, channel and brand, and keeps that record in sync across the systems where campaigns are built. Global enterprises in automotive, pharmaceuticals, life sciences and more use Syrenis to run multi-brand, multi-jurisdiction preference programs from a single source of truth.

“Most marketing leaders can’t say with confidence which customer data they’re cleared to use, and that uncertainty costs them growth,” said Adam Binks, CEO of Syrenis. “We’ve built the Syrenis Platform around solving that one problem, so every choice a customer makes is captured accurately, honored in every system and ready for the marketing team to act on. We believe being named a Niche Player reflects that focus, and it’s where we’ll keep investing.”

Syrenis expanded into North America in 2026 with a dedicated U.S. go-to-market team in Atlanta, serving enterprises managing consent across multiple brands and jurisdictions.

To read a complimentary copy of the report, visit syrenis.com/gartner-mq-privacy-ux.

Gartner, Magic Quadrant for Privacy UX, Shadrock Roberts, Stefan Dumitrescu, Bernard Woo, 6 October 2026.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a trademark of Gartner, Inc. and/or its affiliates. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

About Syrenis

Syrenis is an enterprise consent and preference management platform, built for depth. Rather than spreading across every corner of privacy, Syrenis focuses on the part individuals actually experience: their consent, their preferences and their privacy rights.

Designed for complex, regulated global environments, the Syrenis Platform orchestrates consent, preferences and privacy rights across brands, jurisdictions and tech stacks in real time. It gives privacy, marketing and IT teams an auditable, scalable and customizable foundation they can trust, and gives privacy leaders the control and visibility to turn compliance into a driver of growth.

Syrenis believes privacy can be an engine for growth: a foundation for better buying journeys, lasting customer trust and loyalty. Today Syrenis manages almost 2 billion data records worldwide and works with some of the most complex, highly regulated enterprises in the Fortune 500. The company is headquartered in Daresbury, U.K., with a US office in Atlanta, Georgia.

For more information, visit www.syrenis.com.

Media contact: 

Lindsay Mahaney
syrenis@meetkickstand.com

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