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Infosys Collaborates with University of Cambridge to Establish an AI Lab in London, Unveils New and Expanded Living Lab to Accelerate Innovation for Enterprises

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LONDON, Oct. 23, 2024 /PRNewswire/ — Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled its new and expanded Living Labs, part of a network of over 12 established centres globally, to help clients accelerate innovation and leverage emerging technologies for future-proofing their business. Infosys also announced a collaboration with University of Cambridge to establish a new AI Lab, aimed at harnessing the power of AI to drive positive impact for clients, academia, and students. United Kingdom’s Minister for Digital Government and AI, Feryal Clark, University of Cambridge’s Head of Department of Applied Mathematics and Theoretical Physics, Professor Colm-cille Caulfield, and over 100 attendees including clients, and partners marked the opening of the Living Labs with a tour of the facility and a live demonstration of its capabilities.

The Infosys Living Labs located in London’s world-renowned banking district of Canary Wharf will enable a confluence of digital technologies, business insights and human experience for clients and partners. A hub for innovation activities, it will help leverage solution accelerators, digital experiences, frameworks, and industry solutions to ideate, prototype, and test breakthrough ideas. A key focus at the Living Labs will be Enterprise AI, where clients can witness AI-driven digital transformation in action. This includes  Infosys Topaz, an AI-first offering using generative AI technologies, and Infosys Cobalt, a cloud-powered solution that supports enterprises in building robust and scalable digital architectures. By offering interactive demonstrations, workshops, and personalized consultations, Infosys Living Labs will help organizations envision and implement their digital transformation strategies.

The education and research collaboration with University of Cambridge to establish a joint AI Lab will draw from Infosys’ industry expertise and practical application of AI as well as Cambridge University’s world-class education and research capabilities to help address real-world challenges. This new lab will also be a catalyst for cutting-edge research and innovation initiatives.

The London Living Labs and the AI Lab are housed within Infosys’ new state-of-the-art premises spread over 25,000 sq. ft. with a capacity for 200 employees. Designed using biophilic principles, the new workplace seamlessly blends adaptive and modular design and sustainable practices to create a truly modern environment offering a range of creative and collaborative spaces. The premises have also received a Gold SKA Rating, the highest standard, in recognition of the facility meeting the most rigorous sustainability criteria focusing on energy efficiency, water use, waste management, and environmental impact. The office marks an important milestone in Infosys’ journey of over 25 years in the UK.

Tarang Puranik, EVP and Head of Delivery for Europe, Infosys, said, “Our Living Labs in London will help enterprises adapt to rapidly changing business cycles and accelerate their digital transformation journey with strategic innovations leveraging Infosys Topaz and Infosys Cobalt. London is a melting pot of some of the world’s most forward-thinking and disruptive companies, and our commitment to be a major part of its technological evolution is outlined in this significant investment through our new state-of-the-art collaborative workspace, the launch of Infosys Living Labs and our AI Lab in collaboration with the University of Cambridge.”

Minister for Digital Government and AI, Feryal Clark, said, “We are putting the potential of AI at the heart of our plans to kickstart growth in the economy. I saw first-hand how Infosys’ new London base will support organisations and researchers to get the most out of this technology, fuelling the new innovations which will deliver change for people up and down the country.

Our recent International Investment Summit secured £63 billion of investment from across the globe and this is further proof that we’re continuing to go from strength to strength as a place to do business. By making the UK a magnet for investment, we’re delivering on our promise to ensure British businesses are equipped with the backing they need for the long-term so they can fully embrace the tech revolution.”

Colm-cille Caulfield, Head of Department of Applied Mathematics and Theoretical Physics, and Co-Chair, Cambridge Centre for Data-Driven Discovery, University of Cambridge, said, “For centuries, Cambridge has been at the forefront of research in the mathematical sciences, and is playing a globally leading role in innovating, understanding and applying data-driven techniques such as AI for the benefit of humanity.  Our culture of open multi-disciplinary enquiry, with deep coupling between research, education, and real-world impact, resonates well with Infosys, and we are delighted to strengthen our collaboration through this new AI Lab. Together, we have a great opportunity to push back the boundaries of knowledge, identifying new ways to harness the opportunities that AI brings to disruptive advances in science, in business, and in society. We can’t wait to get to work.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Texas Logistic and Fulfillment Expands to Over One Million Square Feet and Launches Renewable Energy Division

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HOUSTON, May 21, 2025 /PRNewswire/ — Texas Logistic and Fulfillment, a leading 3PL and logistics provider, has reached a major milestone by operating over one million square feet of warehousing space across Texas. The company also proudly announces the launch of a dedicated renewable energy division specializing in solar panels and lithium battery storage.

Under the leadership of CEO Omri Shafran, the company is rapidly responding to Texas’s growing demand for clean energy infrastructure.

“Due to very high demand in the Texas market, we decided to establish a dedicated team and warehouses tailored for renewable energy products and solar panels,” said Shafran. “This includes HVAC-controlled facilities with low humidity—something that’s particularly challenging in Texas weather—as well as specialized forklifts and handling equipment. We’ve also created critical SOPs and assigned a specialized operations team to support this sector.”

This innovation has caught the attention of policymakers, including Texas Governor Greg Abbott, who praised the company’s forward-looking initiatives and encouraged more renewable energy companies to enter the Texas market.

Texas Logistic and Fulfillment is also celebrating a new strategic partnership with Tongwei Solar, the world’s largest solar panel manufacturer. The collaboration marks a significant step in strengthening global supply chains.

“These new partnerships will strengthen the relationship between Texas and leading Asian manufacturers,” noted Dimitri Menin, President of Texas Logistic and Fulfillment. “We’re proud that Texas Logistic will serve as the gateway for these companies into the U.S. market.”

With a 550% increase in sales over the past year, Texas Logistic and Fulfillment is on track to redefine the logistics landscape—not just in Texas, but across the United States.

View original content:https://www.prnewswire.com/news-releases/texas-logistic-and-fulfillment-expands-to-over-one-million-square-feet-and-launches-renewable-energy-division-302462425.html

SOURCE Texas Logistics and Fulfillment Services LLC

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Cognex to Present at the TD Cowen Technology, Media & Telecom Conference

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NATICK, Mass., May 21, 2025 /PRNewswire/ — Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, Chief Executive Officer, will participate in a fireside chat at the 53rd annual TD Cowen Technology, Media & Telecom Conference on Wednesday, May 28, 2025, beginning at 10:50 a.m. Eastern Daylight Time.

The presentation will be made available via webcast on the Investor Relations section of the Cognex website at www.cognex.com/investor.

About Cognex Corporation

Cognex Corporation (“Cognex”) invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in a wide range of businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is particularly valuable for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings are obtained through the reduction of labor or improved product quality.

Cognex is the world’s leader in the machine vision industry, having shipped more than 5 million image-based products, representing over $12 billion in cumulative revenue, since the company’s founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

Investor Contacts:
Greer Aviv – Investor Relations
Jordan Bertier – Senior Manager, Investor Relations
Cognex Corporation
ir@cognex.com 

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SOURCE Cognex Corporation

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Reshoring Revolution: Manufacturing’s Homecoming Poised to Unleash Economic Transformation

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SAN DIEGO, May 21, 2025 /PRNewswire/ — Flexible Assembly Systems Inc today announced that a confluence of global events and evolving economic strategies is illuminating significant opportunities for manufacturing reshoring. This trend, where companies bring production home, is gaining momentum, promising substantial benefits for national economies, supply chain stability, and innovation.

The drive behind reshoring is multifaceted. Geopolitical uncertainties, exposed supply chain vulnerabilities, and rising international shipping costs and tariffs have compelled businesses to re-evaluate. Furthermore, growing consumer preference for domestic goods and advancements in automation are making domestic manufacturing increasingly competitive.

“We are seeing a pivotal shift in manufacturing strategies,” notes Eddie Silverberg. “The focus is on resilience, quality control, and fostering innovation closer to home. Reshoring offers a clear pathway to these objectives.”

The advantages of reshoring extend beyond individual companies. It is anticipated to stimulate domestic job creation across various sectors, contributing to broader economic growth and a strengthened industrial base. Shorter supply chains also lead to reduced lead times, greater market agility, and a diminished carbon footprint.

Moreover, reshoring can foster robust innovation, with closer proximity between R&D and production accelerating technological implementation. Government initiatives are further encouraging this shift, aiming to rebuild key industries.

While transitioning to reshored operations presents challenges like upfront investment and potential skills gaps, the long-term strategic benefits are compelling. Companies recognize the advantages of enhanced production control, improved supply chain security, and the appeal of domestically made products.

As businesses navigate a dynamic global landscape, reshoring manufacturing is poised to reshape industries, bolster economies, and create a more secure, sustainable production future.

About Flexible Assembly Systems
Flexible Assembly Systems is an industrial supply distribution company with a focus on offering industrial tools and equipment to manufacturers in the Automotive, Aerospace, Defense, Electronics, and medical device segments. For more information, visit www.FlexibleAssembly.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/reshoring-revolution-manufacturings-homecoming-poised-to-unleash-economic-transformation-302462431.html

SOURCE Flexible Assembly Systems Inc

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