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Flex Completes Acquisition of Crown Technical Systems

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AUSTIN, Texas, Nov. 20, 2024 /PRNewswire/ — Flex (NASDAQ: FLEX) announced today that it has completed its previously announced $325 million all-cash acquisition of Crown Technical Systems, a leader in fully integrated power distribution and protection systems.

The acquisition further increases Flex exposure to fast-growing, margin accretive end-markets, including modular data center adoption and medium voltage power distribution, and extends the company’s power portfolio into the utility power market. Additionally, the deal strengthens Flex’s critical power portfolio and supports further growth in the U.S. data center market.

“We are pleased to welcome the Crown Technical Systems team officially to Flex,” said Revathi Advaithi, CEO, Flex. “This transaction strategically strengthens our unique EMS + Products + Services data center and power portfolio and expands our presence in high growth markets to help drive long-term value for our customers and shareholders.”

Crown Technical Systems is expected to generate revenue of approximately $120 million and high-teens EBITDA margin in fiscal 2025, which ends on March 31, 2025. For reporting purposes, Crown Technical Systems will be included in the Industrial Business unit inside Flex’s Reliability Solutions segment.

About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

Contacts
Investors & Analysts 
David A. Rubin 
Vice President, Investor Relations 
(408) 577-4632 
David.Rubin@flex.com

Media & Press 
Jessica Anderson 
Director, Corporate Integrated Marketing and Communications 
(408) 577-4789
Jessica.Anderson@flex.com 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the anticipated benefits of the acquisition of Crown Technical Systems such as revenue and EBITDA generation, and general business outlook. These forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. These risks include: the possibility that we may not fully realize the projected benefits of the acquisition in a timely manner or at all; business disruption following the acquisition; diversion of management time on acquisition- and integration-related issues; the combined operations may not be successfully integrated; the reaction of customers and other persons to the acquisition; and other events that could adversely impact the anticipated benefits of the acquisition, including industry or economic conditions outside of our control. In addition, actual results are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and in our subsequent filings. The forward-looking statements in this press release are based on current expectations and Flex assumes no obligation to update any forward-looking statements.

 

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SOURCE Flex

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RUSSELL PETERS NEW STAND-UP SPECIAL: ACT YOUR AGE Live in Abu Dhabi PREMIERING ON PATREON DECEMBER 5TH, 2024 AT 6PM PST

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TORONTO, Nov. 20, 2024 /CNW/ – Global comedy rockstar Russell Peters’ is releasing his TENTH stand-up special, ACT YOUR AGE Live in Abu Dhabi on media and community platform Patreon on Thursday, December 5th at 6PM PST. Peters will be the first comedian to stream a ticketed premiere of a stand-up special on Patreon, bringing this experience directly to his fans.

Recorded before a sold-out crowd at The Etihad Arena in Abu Dhabi at the end of his Act Your Age World Tour, which was seen by over 300,000 fans in 23 countries over two-and-a-half years. The new special features hilarious personal stories about getting married (again), parenthood, millennials and middle age, as well Peters’ signature lightning-fast audience improv.

ACT YOUR AGE will be available on Patreon.com/russellpeters for four weeks commencing on December 5th at 6PM PST for USD 15.00 for unlimited viewing over the four-week period. Tickets can be purchased as of today at PATREON.COM/RUSSELLPETERS

Russell Peters was recently named as one of Rolling Stone’s 50 Best Comics of All Time. He started doing stand-up at the age of nineteen at open mics in his native Toronto, and spent the next fifteen years honing his craft at clubs across Canada and the UK. In 2004, Peters gained critical and global recognition for his CTV “Comedy Now!” special and soon became the first comedian to sell-out Toronto’s Air Canada Centre in 2007. Peters went on to set attendance records at venues from Madison Square Garden to The Sydney Opera House to London’s O2 Arena – where he broke the UK attendance record for highest number of tickets sold for an individual comedy show.

His subsequent tours were captured in his successful specials broadcast on Showtime and Comedy Central: Outsourced in 2006; Red, White and Brown in 2008; and, The Green Card Tour in 2010. Peters became the first comedian to create a Netflix Original Comedy Special with Notorious in 2013.

Peters is currently on his new tour RELAX* *it’s not that serious World Tour which started in October of this year in Chicago.

Peters has been awarded Gemini, Peabody, Emmy and Canadian Screen Awards for his hosting, producing and acting talents. His last TV series, The Indian Detective set a Canadian viewership record for Bell Media /CTV in 2017 and was released globally on Netflix.

Peters resides in Las Vegas and Malibu. When not on tour he spends every day with his thirteen-year-old daughter, Crystianna and five-year-old son, Russell Santiago. He has a blue belt with four stripes in Jiu Jitsu and is an ardent DJ and hip-hop junkie who tries to get on the turntables for at least a few minutes every day.

About Patreon

Launched in 2013 by and for creators, Patreon is a media and community platform where more than 300,000 creators connect directly with their fans to offer exclusive works and experiences. It is the destination for millions of fans to get exclusive access to their favorite creators’ works through purchasing memberships and digital goods and engaging directly with creators and like-minded fans in community chats. Creators across a variety of genres— including but not limited to podcast, video, music, visual arts, gaming and more— have built thriving fandoms on Patreon. Learn more about Patreon and our community on Instagram and on our Newsroom.  

SOURCE CPI Management Services Ltd.

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Acton ADU Launches Innovative Build Ready Configurator for Customers to Design Their Own ADUs

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CAMPBELL, Calif., Nov. 20, 2024 /PRNewswire/ — Acton ADU introduces the Build Ready Configurator, an online tool designed to revolutionize the way homeowners plan and customize their accessory dwelling units (ADUs). This new tool kicks off with three unique plans, offering users the ability to easily choose and customize their ADU designs from a growing library that will continue to expand in the coming months. “We’re starting with three carefully crafted designs, but that’s just the beginning.” said Stan Acton, CEO of Acton ADU. “Over the next few months, we will continuously add to our library, broadening our offerings to ensure every homeowner can design an ADU that fits their unique situation without compromise.”

The Build Ready Configurator allows users to select from an initial set of diverse floor plans, with the promise of additional designs being rolled out to meet a wide range of budgets and property specifications. This expansion strategy ensures that all homeowners can find solutions that perfectly align with their needs.

Key Features of the Build Ready Configurator:

Initial and Expanding Selection: Start with three distinctive plans, with new options being added regularly to provide a rich variety of choices that cater to different tastes, budgets, and property constraints.Customizable Designs: Tailor your ADU by choosing from various exterior and interior finishes, ensuring your new space is a true reflection of your personal style.Simplified Planning Process: The Configurator streamlines the ADU design process, making it accessible and manageable, saving homeowners time and money.

The Build Ready Configurator reinforces Acton ADU’s commitment to innovation and customer satisfaction, providing an adaptable and user-friendly platform for homeowners to expand their living spaces effectively, and without compromising quality.

To explore the Build Ready Configurator and the initial ADU designs available, please visit Acton ADU’s website.

About Acton ADU: Acton ADU, based in Campbell, California, specializes in designing and constructing high-quality accessory dwelling units. Dedicated to sustainability and excellence, Acton ADU is committed to offering cutting-edge solutions that meet the diverse needs of today’s homeowners.

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SOURCE Acton ADU

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Toss Securities Launches Dedicated Research Center for Retail Investors Focusing on US Stock Markets

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Aims to deliver high-quality reports accessible to all Toss Securities users as a means to empower retail investors to invest in global capital marketsThe Center’s initiation report analyzes benefits of widening portfolio into US equities and investing in dollar assetsNext report theme features insights from analyst visits to Silicon Valley, focusing on innovation and growth sectors

SEOUL, South Korea, Nov. 20, 2024 /PRNewswire/ — Toss Securities, a fintech securities firm with the largest data-driven investment platform in South Korea, has established its Research Center exclusively dedicated for retail investors. The Research Center will provide research reports focused on US stock markets in simple, easy-to-read formats, aiming to broaden the access of information for Korean retail investors that are investing in US capital markets.

The Toss Securities Research Center is composed of analysts with backgrounds in assessing major international players and sectors, from EV battery and chemical industries to high-growth tech stocks. Key analysts possess over 10-20 years of industry experience with an extensive background in macro and equity research, servicing both local and global institutional clients. This expertise will be key to guide research agendas that support retail investors exploring opportunities in US securities. The Center is also composed of Content Managers that collaborate with analysts to produce research reports in diverse formats from print to mobile-friendly forms and videos, increasing accessibility to retail investors.

“Our mission is to democratize access to high-quality global investment insights for Korean investors,” said Younggon Lee, Head of Toss Securities Research Center. “Toss Securities is a top player in Korea that provides US securities trading services to retail investors. In line with this strong market presence, our Research Center will focus on providing market insights that investors need in order to make better informed decisions when investing in US capital markets.”

The Center’s initiation report analyzes why Korean retail investors should widen their portfolio into US equities and the benefits of investing in dollar assets. Next up, the Center will release a series of reports focusing on insights cleaned from direct analyst visits to Silicon Valley. These thematic reports will provide actionable intelligence of innovative and growth sectors based on real-world engagements and research.

Additionally, Toss Securities will utilize its robust data capabilities to produce data-specialized reports, delivering personalized and relevant investment insights that resonate with investors.

The Toss Securities Research Center is now live. Investors can access its reports via the Toss Securities website and Mobile Trading System. Full reports are accessible in Korean, and report summaries are provided in English.

Toss Securities Research Center website (Link) Report Summary ‘Why US Equities – Why Korean Retail Investors Should Focus on the U.S. Stock Market’ (Link)Report Summary ‘Toss Securities Went to Silicon Valley – Key Takeaways from Visiting America’s Innovation Hubs (Link)

Toss Securities Research Center

Toss Securities launched its Research Center in September 2024, marking the first in Korea to launch a research center exclusively dedicated for retail investors. Toss Securities Research Center provides reports focused on US stock markets in simple, easy-to-read format, aiming to broaden the access of information for Korean retail investors that are investing in US capital markets. Led by Younggon Lee, Head of Research Center, the Center is composed of 3 analysts and 2 content managers.  

About Toss Securities

Toss Securities, a subsidiary company of Viva Republica, which operates the financial super app Toss, launched its customer service in March 2021. As a newly licensed securities company after 13 years, it provides user-centered services with UX/UI optimized for the mobile environment. In particular, it is the first in the industry to introduce an integrated account service that allows customers to conveniently trade multiple financial instruments from one account without installing a separate app, and as of November 2024, more than 6.4 million customers have used Toss Securities. Monthly Active Users (MAU) reach over 3.3 million to date. In addition to real-time overseas fractional stock trading, the company offers a variety of services such as community and customized content and is evolving into a data-driven investment platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/toss-securities-launches-dedicated-research-center-for-retail-investors-focusing-on-us-stock-markets-302310738.html

SOURCE Toss Securities

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