HARTSVILLE, S.C., Sept. 22, 2026 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, will announce third quarter 2026 results on Wednesday, October 21, 2026, after the market closes. The Company will host a conference call to discuss these results on Thursday, October 22, 2026, at 8:00 a.m. Eastern Time.

A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company’s website for at least 30 days following the call. 

Event:             Sonoco Third Quarter 2026 Earnings Webcast
   
Time: Thursday, October 22, 2026, at 8:00 a.m. Eastern Time
   
Audience Dial-In:  To listen via telephone, please register in advance at https://events.q4inc.com/analyst/616781198?pwd=MqXN8oVl
Analysts and Participants will receive a unique dial-in code upon registration by email.
   
Webcast Link:  https://events.q4inc.com/attendee/616781198
   


About Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and paper consumer and industrial packaging. A Fortune 500 company, Sonoco generated net sales of $7.5 billion from continuing operations in 2025 and has approximately 22,000 employees working in 263 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek. In 2025, the Company was included on USA TODAY’s list of America’s Climate Leaders. For more information on the Company, visit our website at www.sonoco.com.

Contact: Roger Schrum
843-339-6018
roger.schrum@sonoco.com

This press release was published by a CLEAR® Verified individual.

HARTSVILLE, S.C., Sept. 22, 2026 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, will announce third quarter 2026 results on Wednesday, October 21, 2026, after the market closes. The Company will host a conference call to discuss these results on Thursday, October 22, 2026, at 8:00 a.m. Eastern Time.

A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company’s website for at least 30 days following the call. 

Event:             Sonoco Third Quarter 2026 Earnings Webcast
   
Time: Thursday, October 22, 2026, at 8:00 a.m. Eastern Time
   
Audience Dial-In:  To listen via telephone, please register in advance at https://events.q4inc.com/analyst/616781198?pwd=MqXN8oVl
Analysts and Participants will receive a unique dial-in code upon registration by email.
   
Webcast Link:  https://events.q4inc.com/attendee/616781198
   


About Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and paper consumer and industrial packaging. A Fortune 500 company, Sonoco generated net sales of $7.5 billion from continuing operations in 2025 and has approximately 22,000 employees working in 263 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek. In 2025, the Company was included on USA TODAY’s list of America’s Climate Leaders. For more information on the Company, visit our website at www.sonoco.com.

Contact: Roger Schrum
843-339-6018
roger.schrum@sonoco.com

This press release was published by a CLEAR® Verified individual.

US Track Pack 2 featuring Michelin Raceway Road Atlanta, Streets of Long Beach released alongside V1.4.2 with 2026 ELMS liveries – plus preview of new RaceControl.gg site

LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4

LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4
LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4

MIRAMAR, Fla., Sept. 22, 2026 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series, today released version 1.4.2 of Le Mans Ultimate, delivering the second instalment of the U.S. Track Pass, updated 2026 Le Mans and European Le Mans Series liveries, a first look at the redeveloped RaceControl.gg platform, and continued stability and matchmaking improvements across online play.

Version 1.4.2 builds on the momentum of Version 1.4, released July 28, 2026, which introduced U.S. Track Pack 1, the first wave of U.S. content including the WeatherTech Raceway Laguna Seca and Daytona International Speedway. U.S. Track Pack 1 received a positive reception from the Le Mans Ultimate community and saw strong engagement, not only within the U.S. but across global markets generally, achieving Le Mans Ultimate‘s biggest DLC launch day revenues. In fact, the release of U.S. Track Pack 1 contributed to Motorsport Games’ second-best day in terms of total daily sales since the Le Mans Ultimate‘s Early Access launch in February 2024.

The latest update (Version 1.4.2) expands the U.S. DLC offering with US Track Pack 2, adding Michelin Raceway Road Atlanta and the Streets of Long Beach circuit to Le Mans Ultimate. Road Atlanta joins the roster ahead of the real-world Petit Le Mans, with an in-game 10-hour endurance special event the following week after release, while Long Beach becomes the title’s first true street circuit. U.S. Track Pack 2 is priced at $19.99 (local currency pricing applies). The content is included automatically for U.S. Track Pass holders and RaceControl Pro+ subscribers.

The update also brings Le Mans Ultimate‘s livery roster in line with the 2026 racing season, adding the LMP2 and LMGT3 24 Hours of Le Mans specials — following the Hypercar class update in Version 1.4. Alongside this, the European Le Mans Series grid has been refreshed across all three classes to reflect the 2026 season.

Motorsport Games has also provided the first public preview of the redeveloped RaceControl.gg, the online home of Le Mans Ultimate‘s multiplayer and RaceControl services. Built on the RaceOS platform introduced in Version 1.4, the new site is designed to improve functionality and user experience, including a full upcoming race schedule and the ability for players to register for online events directly from the website. Further functionality will continue to roll out ahead of Version 1.5.

“Version 1.4.2 reflects our continued commitment to refining the online and player experience for our community, alongside exciting new content with U.S. Track Pack 2 and updated 2026 liveries,” said Stephen Hood, CEO of Motorsport Games. “We’re also excited to give players their first look at the new RaceControl.gg, a key part of the platform investment we’ve been building toward. This crucial next step further enables us to own and manage our technology within our online ecosystem. With U.S. Track Pack 3 and further single-player development on the way, we remain focused on delivering our most ambitious update yet with Version 1.5.”

Le Mans Ultimate Version 1.4.2 is available now on Steam. For the full change log and additional information, visit www.lemansultimate.com.

About Motorsport Games:

Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms, and is an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series.

For more information about Motorsport Games visit: Welcome to Motorsport Games – Motorsport Games.

Forward-Looking Statements

Certain statements in this press release, the related conference call and webcast which are not historical facts are 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, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements or information in this press release, the related conference call and webcast that are not statements or information of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, the statements concerning improving functionality and user experience through the redeveloped RaceControl.gg website, rolling out further functionality ahead of Version 1.5 of of Le Mans Ultimate, the Company’s commitment to refining the online & player experience for its community, RaceControl.gg being a key part of the platform investment Motorsport Games’ has been building toward, this next step further enabling the Company to own and manage its technology within its online ecosystem, remaining focused on delivering Motorsport Games’ most ambitious update yet with Version 1.5 and building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, without limitation, the ability to continue development of new content and new features for Le Mans Ultimate and the ability to make racing games that are authentically close to reality and build a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, its Quarterly Reports on Form 10-Q filed with the SEC during 2026, as well as in its subsequent filings with the SEC. The Company anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date.

Website and Social Media Disclosure

Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

Websites   Social Media
motorsportgames.com   Twitter: @msportgames
    Instagram: msportgames
    Facebook: Motorsport Games
    LinkedIn: Motorsport Games
     

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release. 

Contacts:

Investors: Investors@motorsportgames.com

Media: PR@motorsportgames.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68d3bad4-5de9-49d8-abde-97adf1392a57

US Track Pack 2 featuring Michelin Raceway Road Atlanta, Streets of Long Beach released alongside V1.4.2 with 2026 ELMS liveries – plus preview of new RaceControl.gg site

LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4

LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4
LE MANS ULTIMATE ADDS SECOND US TRACK PACK DLC TO BUILD ON COMMERCIAL SUCCESS OF V1.4

MIRAMAR, Fla., Sept. 22, 2026 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series, today released version 1.4.2 of Le Mans Ultimate, delivering the second instalment of the U.S. Track Pass, updated 2026 Le Mans and European Le Mans Series liveries, a first look at the redeveloped RaceControl.gg platform, and continued stability and matchmaking improvements across online play.

Version 1.4.2 builds on the momentum of Version 1.4, released July 28, 2026, which introduced U.S. Track Pack 1, the first wave of U.S. content including the WeatherTech Raceway Laguna Seca and Daytona International Speedway. U.S. Track Pack 1 received a positive reception from the Le Mans Ultimate community and saw strong engagement, not only within the U.S. but across global markets generally, achieving Le Mans Ultimate‘s biggest DLC launch day revenues. In fact, the release of U.S. Track Pack 1 contributed to Motorsport Games’ second-best day in terms of total daily sales since the Le Mans Ultimate‘s Early Access launch in February 2024.

The latest update (Version 1.4.2) expands the U.S. DLC offering with US Track Pack 2, adding Michelin Raceway Road Atlanta and the Streets of Long Beach circuit to Le Mans Ultimate. Road Atlanta joins the roster ahead of the real-world Petit Le Mans, with an in-game 10-hour endurance special event the following week after release, while Long Beach becomes the title’s first true street circuit. U.S. Track Pack 2 is priced at $19.99 (local currency pricing applies). The content is included automatically for U.S. Track Pass holders and RaceControl Pro+ subscribers.

The update also brings Le Mans Ultimate‘s livery roster in line with the 2026 racing season, adding the LMP2 and LMGT3 24 Hours of Le Mans specials — following the Hypercar class update in Version 1.4. Alongside this, the European Le Mans Series grid has been refreshed across all three classes to reflect the 2026 season.

Motorsport Games has also provided the first public preview of the redeveloped RaceControl.gg, the online home of Le Mans Ultimate‘s multiplayer and RaceControl services. Built on the RaceOS platform introduced in Version 1.4, the new site is designed to improve functionality and user experience, including a full upcoming race schedule and the ability for players to register for online events directly from the website. Further functionality will continue to roll out ahead of Version 1.5.

“Version 1.4.2 reflects our continued commitment to refining the online and player experience for our community, alongside exciting new content with U.S. Track Pack 2 and updated 2026 liveries,” said Stephen Hood, CEO of Motorsport Games. “We’re also excited to give players their first look at the new RaceControl.gg, a key part of the platform investment we’ve been building toward. This crucial next step further enables us to own and manage our technology within our online ecosystem. With U.S. Track Pack 3 and further single-player development on the way, we remain focused on delivering our most ambitious update yet with Version 1.5.”

Le Mans Ultimate Version 1.4.2 is available now on Steam. For the full change log and additional information, visit www.lemansultimate.com.

About Motorsport Games:

Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms, and is an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series.

For more information about Motorsport Games visit: Welcome to Motorsport Games – Motorsport Games.

Forward-Looking Statements

Certain statements in this press release, the related conference call and webcast which are not historical facts are 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, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements or information in this press release, the related conference call and webcast that are not statements or information of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, the statements concerning improving functionality and user experience through the redeveloped RaceControl.gg website, rolling out further functionality ahead of Version 1.5 of of Le Mans Ultimate, the Company’s commitment to refining the online & player experience for its community, RaceControl.gg being a key part of the platform investment Motorsport Games’ has been building toward, this next step further enabling the Company to own and manage its technology within its online ecosystem, remaining focused on delivering Motorsport Games’ most ambitious update yet with Version 1.5 and building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, without limitation, the ability to continue development of new content and new features for Le Mans Ultimate and the ability to make racing games that are authentically close to reality and build a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, its Quarterly Reports on Form 10-Q filed with the SEC during 2026, as well as in its subsequent filings with the SEC. The Company anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date.

Website and Social Media Disclosure

Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

Websites   Social Media
motorsportgames.com   Twitter: @msportgames
    Instagram: msportgames
    Facebook: Motorsport Games
    LinkedIn: Motorsport Games
     

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release. 

Contacts:

Investors: Investors@motorsportgames.com

Media: PR@motorsportgames.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68d3bad4-5de9-49d8-abde-97adf1392a57

  • Two grants, one each for new developments in Idaho and Nevada
  • Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

HOUSTON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced it has received two U.S. Department of Energy awards totaling approximately $20 million to accelerate the development of Enhanced Geothermal Systems (EGS) in Idaho and Nevada and to expand next-generation geothermal across the western United States.

In Idaho, Fervo will use the funding for drilling and completing EGS wells in Elmore County in partnership with multiple national labs. Fervo will also deploy and test new technology for high-temperature EGS operations, extending the reach of enhanced geothermal into hotter, more demanding conditions. This work is expected to unlock advanced geophysical data collection, pushing the limits of high-temperature geophones.

In Nevada, the grant will support a targeted appraisal campaign at a high-priority EGS prospect in Humboldt County to confirm the reservoir is suitable for EGS development. Fervo’s EGS commercial pilot, Project Red, has been generating 3 MW of gross power to the Nevada grid since 2023.

“We are grateful to the Department of Energy for funding these grants. We believe this is a clear indication from the federal government that expanding geothermal energy to new states is a national priority,” said Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy. “We expect this funding to accelerate Fervo’s pipeline and advance the cutting edge of geothermal technologies.” 

For nearly a decade, Fervo has been redefining what geothermal can deliver: clean, baseload power at scale, backed by new performance benchmarks and a fast-growing project pipeline. Fervo previously secured funding from the Department of Energy’s EGS Pilot Demonstrations program to support power production at Cape Station, its flagship development in Milford, Utah. The company has also worked with the Hydrocarbons and Geothermal Energy Office (HGEO) and Advanced Research Projects Agency-Energy (ARPA-E) on other initiatives to improve EGS technology and make geothermal power more widely available and affordable.

“This is an excellent example of how public and private entities can partner together to scale critical energy technologies,” said Tim Latimer, CEO and Co-Founder of Fervo Energy. “With this funding, the Department of Energy is making important investments to help Americans across the country gain access to clean, affordable geothermal energy.”

EGS harnesses heat deep underground, producing electricity around the clock, regardless of weather or time of day. Federal funding has long been a catalyst for breakthrough energy technologies. Funding opportunities ranging from early-stage research and development to deployment such as this opportunity accelerates the scaling for clean, firm power.

About Fervo Energy
Fervo Energy is a modern power company built around one of the market’s most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit www.fervoenergy.com.

Forward-Looking Statements 
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements.

Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under “Risk Factors” in Fervo’s Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2026, and Fervo’s other filings with the SEC. 

In light of these factors, the events anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

Contact 
V2 Communications for Fervo Energy 
fervo@v2comms.com

  • Two grants, one each for new developments in Idaho and Nevada
  • Grants support a targeted appraisal campaign and developing new technology for high-temperature EGS operations

HOUSTON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced it has received two U.S. Department of Energy awards totaling approximately $20 million to accelerate the development of Enhanced Geothermal Systems (EGS) in Idaho and Nevada and to expand next-generation geothermal across the western United States.

In Idaho, Fervo will use the funding for drilling and completing EGS wells in Elmore County in partnership with multiple national labs. Fervo will also deploy and test new technology for high-temperature EGS operations, extending the reach of enhanced geothermal into hotter, more demanding conditions. This work is expected to unlock advanced geophysical data collection, pushing the limits of high-temperature geophones.

In Nevada, the grant will support a targeted appraisal campaign at a high-priority EGS prospect in Humboldt County to confirm the reservoir is suitable for EGS development. Fervo’s EGS commercial pilot, Project Red, has been generating 3 MW of gross power to the Nevada grid since 2023.

“We are grateful to the Department of Energy for funding these grants. We believe this is a clear indication from the federal government that expanding geothermal energy to new states is a national priority,” said Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy. “We expect this funding to accelerate Fervo’s pipeline and advance the cutting edge of geothermal technologies.” 

For nearly a decade, Fervo has been redefining what geothermal can deliver: clean, baseload power at scale, backed by new performance benchmarks and a fast-growing project pipeline. Fervo previously secured funding from the Department of Energy’s EGS Pilot Demonstrations program to support power production at Cape Station, its flagship development in Milford, Utah. The company has also worked with the Hydrocarbons and Geothermal Energy Office (HGEO) and Advanced Research Projects Agency-Energy (ARPA-E) on other initiatives to improve EGS technology and make geothermal power more widely available and affordable.

“This is an excellent example of how public and private entities can partner together to scale critical energy technologies,” said Tim Latimer, CEO and Co-Founder of Fervo Energy. “With this funding, the Department of Energy is making important investments to help Americans across the country gain access to clean, affordable geothermal energy.”

EGS harnesses heat deep underground, producing electricity around the clock, regardless of weather or time of day. Federal funding has long been a catalyst for breakthrough energy technologies. Funding opportunities ranging from early-stage research and development to deployment such as this opportunity accelerates the scaling for clean, firm power.

About Fervo Energy
Fervo Energy is a modern power company built around one of the market’s most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit www.fervoenergy.com.

Forward-Looking Statements 
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements.

Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under “Risk Factors” in Fervo’s Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission (the “SEC”) on May 11, 2026, and Fervo’s other filings with the SEC. 

In light of these factors, the events anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

Contact 
V2 Communications for Fervo Energy 
fervo@v2comms.com

LONDON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Babcock International Group (Babcock), the defence company, has demonstrated its systems integration expertise by securely transferring scenario data using advanced encryption technology from Arqit Quantum Inc, a global leader in quantum-safe encryption, helping safeguard sensitive information from future cyber threats.

Data was collected at one site in Millbrook at DVD 2026, encrypted by Arqit software and securely transmitted to Babcock’s Ground Deployed Advanced Mortar System (GDAMS), located at another site at the event.

It demonstrated how critical operational information could be exchanged securely in a layered encryption network between a headquarters and a deployed platform in a contested environment, enabling rapid and better-informed decision-making on the battlefield without the use of physical inline encryptors.

The demonstration follows the signing of a Memorandum of Understanding (MoU) between both parties to explore how Babcock’s capabilities in mission systems, systems integration, digital engineering and through-life support can be combined with Arqit’s expertise in cyber security, cryptographic technologies and secure networking.

As a systems integration and secure communications expert, Babcock brings together best-in-class technologies to create secure end-to-end communications networks across a variety of Internet Protocol (IP) bearers, including 4G/5G, Wi-Fi and satcom, alongside legacy tactical and new MANET radios. The resulting network can be integrated across a wide range of crewed and uncrewed land, maritime and air platforms.

The demonstration also showcased the role of Babcock’s GDAMS within a digitally connected battlefield. Based on the proven ST Engineering mortar design, GDAMS combines mobile, network-enabled firepower with digital integration, enabling faster target engagement.

Louise Atkinson, Chief Executive, Babcock’s Land and Mission Systems business, said: “Armed forces need confidence their critical data can be transmitted quickly, reliably and securely, keeping sensitive information protected at all times.

“As technology evolves, so do cyber threats, and the emergence of quantum computing will challenge many of today’s encryption methods. We’ve demonstrated how we can integrate best-in-class technologies to create resilient and secure communications networks that help protect operational data against future quantum-enabled threats.”

Paul Feenan, Arqit General Manager for Government & Defence, added: “Modern operations require assured secure networks capable of working across multiple communication bearers. Arqit’s software-defined encryption, partnered with Babcock’s state of the art Advanced Layered System Architecture, can be deployed across networks from core to edge, enabling customers to keep intelligence and battlefield data secure against current and future threats.”

Notes to Editor:

About Babcock

Babcock is a FTSE 100 international defence company, operating in the UK, Australasia, Canada, France and South Africa with exports to additional markets. We deliver complex support and product solutions to enhance our customers’ defence capabilities and critical assets. We are driven by our purpose: to create a safe and secure world, together.

For further information contact:

Full name: Adrian Hearn
Babcock International Group
Email: Adrian.hearn@babcockinternational.com
Website: babcockinternational.com

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the world’s most critical data with quantum-safe encryption software. Simple, scalable, and compliant, its products integrate with existing infrastructure, and requires no rip and replace of hardware.

Arqit provides a complete “Detect, Protect, Comply” solution for governments and enterprises that detects and inventories cryptographic assets, protects data, ensures compliance, and safeguards transition to the post-quantum era.

Arqit’s primary product offerings are Encryption Intelligence and NetworkSecure™. Encryption Intelligence detects cryptographic exposure, identifies vulnerabilities, and maps dependencies. NetworkSecure™ protects data in transit with provably secure post-quantum cryptography and contributes to establishment of confidential compute environments for complete data sovereignty.

Arqit is an IDC Innovator for Post-Quantum Cryptography (2024) and a multi-award-winner in quantum-safe security. For more information, visit www.arqitgroup.com.

Media relations enquiries:
Arqit: Arqit@brands2life.com

Investor relations enquiries:
Arqit: investorrelations@arqit.uk

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 9 December 2025 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

LONDON, Sept. 22, 2026 (GLOBE NEWSWIRE) — Babcock International Group (Babcock), the defence company, has demonstrated its systems integration expertise by securely transferring scenario data using advanced encryption technology from Arqit Quantum Inc, a global leader in quantum-safe encryption, helping safeguard sensitive information from future cyber threats.

Data was collected at one site in Millbrook at DVD 2026, encrypted by Arqit software and securely transmitted to Babcock’s Ground Deployed Advanced Mortar System (GDAMS), located at another site at the event.

It demonstrated how critical operational information could be exchanged securely in a layered encryption network between a headquarters and a deployed platform in a contested environment, enabling rapid and better-informed decision-making on the battlefield without the use of physical inline encryptors.

The demonstration follows the signing of a Memorandum of Understanding (MoU) between both parties to explore how Babcock’s capabilities in mission systems, systems integration, digital engineering and through-life support can be combined with Arqit’s expertise in cyber security, cryptographic technologies and secure networking.

As a systems integration and secure communications expert, Babcock brings together best-in-class technologies to create secure end-to-end communications networks across a variety of Internet Protocol (IP) bearers, including 4G/5G, Wi-Fi and satcom, alongside legacy tactical and new MANET radios. The resulting network can be integrated across a wide range of crewed and uncrewed land, maritime and air platforms.

The demonstration also showcased the role of Babcock’s GDAMS within a digitally connected battlefield. Based on the proven ST Engineering mortar design, GDAMS combines mobile, network-enabled firepower with digital integration, enabling faster target engagement.

Louise Atkinson, Chief Executive, Babcock’s Land and Mission Systems business, said: “Armed forces need confidence their critical data can be transmitted quickly, reliably and securely, keeping sensitive information protected at all times.

“As technology evolves, so do cyber threats, and the emergence of quantum computing will challenge many of today’s encryption methods. We’ve demonstrated how we can integrate best-in-class technologies to create resilient and secure communications networks that help protect operational data against future quantum-enabled threats.”

Paul Feenan, Arqit General Manager for Government & Defence, added: “Modern operations require assured secure networks capable of working across multiple communication bearers. Arqit’s software-defined encryption, partnered with Babcock’s state of the art Advanced Layered System Architecture, can be deployed across networks from core to edge, enabling customers to keep intelligence and battlefield data secure against current and future threats.”

Notes to Editor:

About Babcock

Babcock is a FTSE 100 international defence company, operating in the UK, Australasia, Canada, France and South Africa with exports to additional markets. We deliver complex support and product solutions to enhance our customers’ defence capabilities and critical assets. We are driven by our purpose: to create a safe and secure world, together.

For further information contact:

Full name: Adrian Hearn
Babcock International Group
Email: Adrian.hearn@babcockinternational.com
Website: babcockinternational.com

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the world’s most critical data with quantum-safe encryption software. Simple, scalable, and compliant, its products integrate with existing infrastructure, and requires no rip and replace of hardware.

Arqit provides a complete “Detect, Protect, Comply” solution for governments and enterprises that detects and inventories cryptographic assets, protects data, ensures compliance, and safeguards transition to the post-quantum era.

Arqit’s primary product offerings are Encryption Intelligence and NetworkSecure™. Encryption Intelligence detects cryptographic exposure, identifies vulnerabilities, and maps dependencies. NetworkSecure™ protects data in transit with provably secure post-quantum cryptography and contributes to establishment of confidential compute environments for complete data sovereignty.

Arqit is an IDC Innovator for Post-Quantum Cryptography (2024) and a multi-award-winner in quantum-safe security. For more information, visit www.arqitgroup.com.

Media relations enquiries:
Arqit: Arqit@brands2life.com

Investor relations enquiries:
Arqit: investorrelations@arqit.uk

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 9 December 2025 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

Ryax platform provides smart scheduling and performance optimization, with planned integration into Nutanix Kubernetes Platform and Nutanix Enterprise AI

News Summary

  • Nutanix is announcing its acquisition of Ryax Technologies, an AI-driven compute orchestration and management platform company based in France.
  • Nutanix plans to integrate the Ryax platform’s advanced GPU utilization and smart scheduling capabilities into Nutanix Kubernetes Platform and Nutanix Enterprise AI.

SAN JOSE, Calif., Sept. 22, 2026 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI platform company, today announced its acquisition of Ryax Technologies (Ryax), an AI-driven compute orchestration and management platform company based in France. The acquisition will accelerate Nutanix’s strategy to empower enterprises to build, run, and govern agentic AI anywhere by integrating the Ryax platform’s advanced GPU utilization and smart scheduling capabilities directly into Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI). 

The rapid expansion of agentic AI is driving up the demand for efficient inference workloads across the enterprise. However, GPU shortages and fragmented infrastructure have led many organizations to split their compute footprint across private data centers, hyperscalers, and neoclouds to find available capacity. To make these deployments economically viable, enterprises need a unified hybrid cloud operating model that abstracts this complexity, simplifies operations, and maximizes hardware efficiency.

Additionally, enterprises today often struggle to move AI projects from experimentation into production because of the significant infrastructure integration and manual configuration required. The Ryax platform is designed to resolve these challenges by automating the underlying infrastructure, data, hardware, and code to help customers deploy AI projects faster, more cost-effectively, and more reliably.

With the Ryax platform, Nutanix is targeting two critical architectural capabilities for customers: Intelligent Resource Optimization and AI-Aware Smart Scheduling.

Intelligent Resource Optimization: The Ryax platform enables customers to make the most effective use of available computing resources, such as GPUs and CPUs, to improve performance and reduce waste. 

AI-Aware Smart Scheduling: Customers will be able to automatically place AI workloads on cost-effective hardware to help maximize performance and budget.

Together, these capabilities are designed to help customers advance AI initiatives by improving infrastructure efficiency, managing costs, and making better use of available hardware. 

“The Ryax platform was built to give enterprises seamless execution across hybrid infrastructure like private data centers, hyperscalers and neoclouds, handling the backend complexity so teams can deploy, scale and manage AI workflows from day one,” said Andry Razafinjatovo, CEO, Ryax Technologies. “By combining our technology and talented team with Nutanix and its hybrid cloud platform, we will further empower organizations to accelerate their agentic AI initiatives seamlessly, wherever their infrastructure lives.” 

“Agentic AI requires a flexible architecture, simple operations and the ability to use infrastructure far more efficiently,” said Rajiv Ramaswami, CEO of Nutanix. “Our acquisition of Ryax helps to directly answer the challenges enterprises face today with agentic AI infrastructure management. The acquisition marks an exciting milestone in our commitment to simplifying enterprise AI at scale. We are thrilled to welcome the talented Ryax team to Nutanix as we continue to deliver on our promise to help customers safely run AI, applications and data anywhere.”

Nutanix plans to integrate the Ryax platform into future releases of NKP and NAI. The Ryax team will join Nutanix in France and will continue to drive this transformative technology forward. The financial impact of the acquisition is not material to Nutanix. 

For more information, read the blog. 

About Nutanix

Nutanix is a hybrid cloud leader and AI platform company, offering organizations a unified infrastructure software platform to safely run AI, applications and data anywhere. Trusted by customers worldwide, Nutanix empowers over 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.

©2026 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Kubernetes is a registered trademark of The Linux Foundation in the United States and other countries. All other brand names mentioned are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix.

This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding Nutanix’s acquisition of Ryax Technologies; the anticipated benefits of the acquisition; Nutanix’s plans, objectives and expectations with respect to the integration of Ryax technology and personnel; the development, integration, availability, features, functionality and performance of current and future products and offerings, including Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI); expected customer benefits; Nutanix’s AI strategy; and future market opportunities. These forward-looking statements are not historical facts and are based on Nutanix’s current expectations, estimates, assumptions, opinions, and beliefs. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including, but not limited to: risks associated with successfully integrating Ryax’s technology, operations and personnel; risks that anticipated product integrations, enhancements, capabilities, features, functionality or customer benefits may not be achieved on the anticipated timeline or at all; risks relating to customer adoption and market acceptance; competitive market conditions; rapidly evolving AI technologies; and other risks and uncertainties described in Nutanix’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 31, 2025 and subsequent Quarterly Reports on Form 10-Q and other filings. These forward-looking statements speak only as of the date of this press release, and Nutanix undertakes 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 law. Certain product integrations, features and functionality described in this press release, including anticipated integrations of Ryax technology into Nutanix Kubernetes Platform and Nutanix Enterprise AI, remain under development and will be offered, if at all, on a when-and-if-available basis. Future product plans, features and functionality are subject to change at Nutanix’s discretion. Any future product or product feature information referenced in this press release is intended to outline Nutanix’s current product direction and plans and is not a commitment, promise, or legal obligation to deliver any particular functionality.

CONTACT: Media Contact:
Jennifer Massaro 
pr@nutanix.com

Ryax platform provides smart scheduling and performance optimization, with planned integration into Nutanix Kubernetes Platform and Nutanix Enterprise AI

News Summary

  • Nutanix is announcing its acquisition of Ryax Technologies, an AI-driven compute orchestration and management platform company based in France.
  • Nutanix plans to integrate the Ryax platform’s advanced GPU utilization and smart scheduling capabilities into Nutanix Kubernetes Platform and Nutanix Enterprise AI.

SAN JOSE, Calif., Sept. 22, 2026 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a hybrid cloud leader and AI platform company, today announced its acquisition of Ryax Technologies (Ryax), an AI-driven compute orchestration and management platform company based in France. The acquisition will accelerate Nutanix’s strategy to empower enterprises to build, run, and govern agentic AI anywhere by integrating the Ryax platform’s advanced GPU utilization and smart scheduling capabilities directly into Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI). 

The rapid expansion of agentic AI is driving up the demand for efficient inference workloads across the enterprise. However, GPU shortages and fragmented infrastructure have led many organizations to split their compute footprint across private data centers, hyperscalers, and neoclouds to find available capacity. To make these deployments economically viable, enterprises need a unified hybrid cloud operating model that abstracts this complexity, simplifies operations, and maximizes hardware efficiency.

Additionally, enterprises today often struggle to move AI projects from experimentation into production because of the significant infrastructure integration and manual configuration required. The Ryax platform is designed to resolve these challenges by automating the underlying infrastructure, data, hardware, and code to help customers deploy AI projects faster, more cost-effectively, and more reliably.

With the Ryax platform, Nutanix is targeting two critical architectural capabilities for customers: Intelligent Resource Optimization and AI-Aware Smart Scheduling.

Intelligent Resource Optimization: The Ryax platform enables customers to make the most effective use of available computing resources, such as GPUs and CPUs, to improve performance and reduce waste. 

AI-Aware Smart Scheduling: Customers will be able to automatically place AI workloads on cost-effective hardware to help maximize performance and budget.

Together, these capabilities are designed to help customers advance AI initiatives by improving infrastructure efficiency, managing costs, and making better use of available hardware. 

“The Ryax platform was built to give enterprises seamless execution across hybrid infrastructure like private data centers, hyperscalers and neoclouds, handling the backend complexity so teams can deploy, scale and manage AI workflows from day one,” said Andry Razafinjatovo, CEO, Ryax Technologies. “By combining our technology and talented team with Nutanix and its hybrid cloud platform, we will further empower organizations to accelerate their agentic AI initiatives seamlessly, wherever their infrastructure lives.” 

“Agentic AI requires a flexible architecture, simple operations and the ability to use infrastructure far more efficiently,” said Rajiv Ramaswami, CEO of Nutanix. “Our acquisition of Ryax helps to directly answer the challenges enterprises face today with agentic AI infrastructure management. The acquisition marks an exciting milestone in our commitment to simplifying enterprise AI at scale. We are thrilled to welcome the talented Ryax team to Nutanix as we continue to deliver on our promise to help customers safely run AI, applications and data anywhere.”

Nutanix plans to integrate the Ryax platform into future releases of NKP and NAI. The Ryax team will join Nutanix in France and will continue to drive this transformative technology forward. The financial impact of the acquisition is not material to Nutanix. 

For more information, read the blog. 

About Nutanix

Nutanix is a hybrid cloud leader and AI platform company, offering organizations a unified infrastructure software platform to safely run AI, applications and data anywhere. Trusted by customers worldwide, Nutanix empowers over 50% of the Global 2000 to innovate faster with AI, while modernizing infrastructure, simplifying operations, and controlling costs. Learn more at www.nutanix.com or follow us on social media.

©2026 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Kubernetes is a registered trademark of The Linux Foundation in the United States and other countries. All other brand names mentioned are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix.

This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding Nutanix’s acquisition of Ryax Technologies; the anticipated benefits of the acquisition; Nutanix’s plans, objectives and expectations with respect to the integration of Ryax technology and personnel; the development, integration, availability, features, functionality and performance of current and future products and offerings, including Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI); expected customer benefits; Nutanix’s AI strategy; and future market opportunities. These forward-looking statements are not historical facts and are based on Nutanix’s current expectations, estimates, assumptions, opinions, and beliefs. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including, but not limited to: risks associated with successfully integrating Ryax’s technology, operations and personnel; risks that anticipated product integrations, enhancements, capabilities, features, functionality or customer benefits may not be achieved on the anticipated timeline or at all; risks relating to customer adoption and market acceptance; competitive market conditions; rapidly evolving AI technologies; and other risks and uncertainties described in Nutanix’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 31, 2025 and subsequent Quarterly Reports on Form 10-Q and other filings. These forward-looking statements speak only as of the date of this press release, and Nutanix undertakes 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 law. Certain product integrations, features and functionality described in this press release, including anticipated integrations of Ryax technology into Nutanix Kubernetes Platform and Nutanix Enterprise AI, remain under development and will be offered, if at all, on a when-and-if-available basis. Future product plans, features and functionality are subject to change at Nutanix’s discretion. Any future product or product feature information referenced in this press release is intended to outline Nutanix’s current product direction and plans and is not a commitment, promise, or legal obligation to deliver any particular functionality.

CONTACT: Media Contact:
Jennifer Massaro 
pr@nutanix.com

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