Tag: GlobeNewswire

MALVERN, Pa., Oct. 06, 2026 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2026 after the market close on Thursday, October 29, 2026. An accompanying conference call will be held at 11:00 a.m. ET on Friday, October 30, 2026.

A live webcast of the conference call will be available online from the investor relations page of the Company’s corporate website at investors.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (833) 461-5787 using conference ID number 488 082 528. Registered financial analysts participating on the call may avoid delays by pre-registering using the following link: https://events.q4inc.com/analyst/488082528?pwd=jzlZoG1C. A replay of the webcast will be available on the Company’s website following the live event.

About the Company

CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,544 self-storage properties across the United States. According to the 2026 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.

The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers – through innovative solutions, unparalleled service, and genuine care. The Company’s self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.

For more information about business and personal storage or to learn more about the Company and find a nearby storage property, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.

Company Contact:
Josh Schutzer
Senior Vice President, Finance
610-535-5700

MALVERN, Pa., Oct. 06, 2026 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc., (NYSE: VSH), will release its results for the fiscal third quarter ended October 3, 2026, before the New York Stock Exchange opens on Wednesday, November 4, 2026.

A conference call to discuss Vishay’s third quarter financial results is scheduled for Wednesday, November 4, 2026, at 9:00 a.m. ET. To participate in the live conference call, please pre-register here. Upon registering, you will be emailed a dial-in number, and unique PIN.

A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation will be accessible directly from the Investor Relations section of the Vishay website at http://ir.vishay.com.

There will be a replay of the conference call available on the Investor Relations website approximately one hour following the call and will remain available for 30 days.

About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech^®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.

The DNA of tech^® is a trademark of Vishay Intertechnology.

Contact:                                                   
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President – Corporate Development
+1-610-644-1300

SMITHFIELD, Va., Oct. 06, 2026 (GLOBE NEWSWIRE) — Smithfield Foods, Inc. (Nasdaq: SFD), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced that its financial results for the fiscal year 2026 third quarter will be released before market open on Tuesday, October 27, 2026. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the financial results. A live audio webcast of the conference call, together with related materials, will be available online at investors.smithfieldfoods.com.

A recorded replay of the conference call will be available approximately three hours after the conclusion of the call and can be accessed both online at investors.smithfieldfoods.com and by dialing 855-669-9658 (international callers please dial 412-317-0088). The pin number to access the telephone replay is 9213986. The replay will be available until November 03, 2026.

About Smithfield Foods
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world. For more information, please visit investors.smithfieldfoods.com.

Investor Contact:
Julie MacMedan
Email: ir@smithfield.com

Media Contact:
Ray Atkinson
Email: ratkinson@smithfield.com
Cell: 757.576.1383

Establishes One of the Permian Midland Basin’s Largest Integrated Natural Gas Gathering and Processing Platforms

TULSA, Okla., Oct. 06, 2026 (GLOBE NEWSWIRE) — ONEOK, Inc. (NYSE: OKE) today announced it has completed the acquisition of Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for total cash consideration of approximately $4.425 billion.

“The completion of this acquisition further strengthens our Permian Midland Basin position with a premier gathering and processing platform supported by high-quality acreage, long-term contracts and some of the basin’s leading producers,” said Pierce H. Norton II, ONEOK president and CEO. “These assets provide significant opportunities for future growth and enhance our ability to connect increasing natural gas and NGL production across ONEOK’s integrated system.”

The acquisition more than doubles ONEOK’s Midland Basin processing capacity to approximately 2.3 billion cubic feet per day, including facilities currently under construction. The system is supported by approximately 600,000 dedicated acres under long-term fixed-fee contracts, with a weighted-average remaining term of more than 12 years.
—————————————————————————————————————-
At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK, Inc. is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit www.oneok.com. For the latest news, visit the ONEOK newsroom or find us on LinkedIn, Facebook, X and Instagram.

FORWARD-LOOKING STATEMENTS:

Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our anticipated financial performance (including projected levels of quarterly and annual dividends and adjusted EBITDA), growth, leverage, synergies, liquidity, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “guidance,” “intend,” “may,” “might,” “outlook,” “plan,” “potential,” “project,” “scheduled,” “should,” “will,” “would” and other words and terms of similar meaning.

One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements, including, without limitation, ONEOK being unable to achieve the anticipated benefits of the acquisition, including failure to achieve anticipated growth levels or operational synergies. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC’s website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

Contacts:

Investor Relations:
Megan Patterson
918-561-5325
ONEOKInvestorRelations@oneok.com

Media Relations:
Alicia Keenom
918-861-3749
Media@oneok.com

Attachment

• ONEOK Completes Acquisition of Brazos Midstream’s Permian Midland Basin Assets

TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — Celestica Inc. (NYSE: CLS)(TSX: CLS) will hold its third quarter 2026 financial results and 2026 Investor and Analyst Day conference call on Tuesday, October 27, 2026. The conference call start time is 8:00am ET.

Financial results will be released after market close on Monday, October 26, 2026.

During the conference call, Celestica’s management will provide an update on its business operations, strategic priorities, growth opportunities and its financial outlook.

Participants are invited to join the live webcast at the following link.

For those unable to participate, a recorded webcast will be available approximately two hours after completion of the call. To access the recorded webcast visit www.celestica.com.

Reminder: 2026 Investor and Analyst Day Lunch Forum

As previously announced, following the morning conference call, Celestica will host its 2026 Investor and Analyst Day Lunch Forum. This is an in-person event held in Midtown Manhattan, New York City. During the session, Chair of the Board and CEO Rob Mionis and members of Celestica’s executive leadership team will be available to answer questions.

Attendance to the Lunch Forum is open exclusively to institutional investors and sell-side research analysts. Those who wish to attend this event are invited to express their interest at the following registration link.

Space for the event is limited, and attendance is subject to availability.

Contact
Celestica Investor Relations
clsir@celestica.com

Celestica Investor Relations Events
events@ir.celestica.com

Acquisition expands Constellation’s portfolio into an emerging, consumer-led demand space within the fast-growing RTD category

ROCHESTER, N.Y., Oct. 06, 2026 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading U.S.-based total beverage alcohol company, today announced the acquisition of SpikedAde, a differentiated, consumer-led spirit-based ready-to-drink (RTD) beverage brand competing in the emerging sports drink-inspired “Ade” segment.

• Constellation’s strong brand building and go-to-market capabilities to help SpikedAde expand distribution across the U.S.
• Transaction includes a $75 million payment at close for 100% ownership of the business, as well as additional contingent consideration of up to $278 million payable over five years based on the future performance of the SpikedAde business, reflective of Constellation’s disciplined approach to capital allocation.
• The acquisition strengthens Constellation’s position in the fast-growing RTD category and expands its portfolio into an emerging, consumer-led demand space.
• SpikedAde is well positioned to capitalize on the growing demand for flavorful, sessionable RTDs designed for modern social occasions and evolving consumer preferences.
• The spirit-based RTD category is one of the fastest-growing areas in beverage alcohol, with dollar sales increasing by 25% in the last year.¹

About SpikedAde
SpikedAde is a spirit-based RTD beverage brand competing in the emerging “Ade” segment. The brand combines familiar sports drink flavors with a vodka base in a zero-sugar, 100-calorie, non-carbonated format. As a first mover in the space, SpikedAde has demonstrated strong early momentum through expanding distribution, rapid account growth, and high reorder rates. With an established presence across the eastern U.S. and significant runway for growth, SpikedAde represents a compelling opportunity to accelerate its expansion and extend its reach.

Message from Constellation’s President & CEO
“SpikedAde has successfully carved out a distinctive position in an emerging segment and built a brand that is clearly connecting with consumers,” said Nicholas Fink, Constellation’s President and Chief Executive Officer. “As consumer preferences evolve and new occasions continue to emerge, we’re excited to build on the strong foundation the SpikedAde team has created and leverage our proven capabilities to accelerate growth, expand the brand’s reach, and unlock new opportunities for the platform over time.”

Message from SpikedAde Founder and CEO
“When we created SpikedAde, it was with the goal of helping define a new era for RTDs – one that meets consumers where performance, lifestyle, and social energy intersect – and our team and distributor partners turned that vision into reality faster than we ever imagined,” said Jason Cohen, Founder and CEO of SpikedAde. “With Constellation’s scale and expertise behind it, we’re excited to see SpikedAde reach even more consumers with its distinctive positioning and continue its remarkable growth trajectory.”

FAQ

Why did Constellation acquire SpikedAde?

• Constellation Brands acquired SpikedAde on October 6, 2026 to strengthen its position in the fast-growing RTD category and expand its portfolio into new consumer demand spaces aimed at sustainable consumer trends.

What is SpikedAde?

• SpikedAde is a spirit-based RTD beverage brand competing in the emerging “Ade” segment. The brand combines familiar sports drink flavors with a vodka base in a zero-sugar, 100-calorie, non-carbonated format.

What is the “Ade” segment?

• “Ade” is an emerging segment of spirit-based RTD beverages inspired by familiar sports drink flavors. SpikedAde was one of the first brands to establish a presence in the segment.

Will SpikedAde continue to operate as its own brand?

• The SpikedAde team will be integrated into Constellation’s Beer Division, and Constellation will assume production oversight, marketing, and distribution of the brand. The company intends to align SpikedAde distribution with Gold Network Distributor partners, in accordance with applicable law.

¹Circana MULOC+ 52 weeks ending 8-30-26

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ), a leading U.S.-based company, is an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Mi CAMPO Tequila and High West Whiskey.

As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including expanding SpikedAde’s distribution, the amount of contingent consideration, if any, that may be paid, strengthening Constellation’s position in the fast-growing RTD category, emerging, consumer-led demand spaces, SpikedAde’s ability to capitalize on growing demand and connect with consumers, SpikedAde’s runway for and continuing growth, building on SpikedAde’s foundation and unlocking new opportunities, and integration and distribution plans for SpikedAde, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the accuracy of all projections and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2026, which could cause actual future performance to differ from current expectations.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Maggie Bowman 213-500-2401 / maggie.bowman@cbrands.com Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com	Blair Veenema 585-284-4433 / blair.veenema@cbrands.com David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com Emily Blanchard 585-765-5181 / emily.blanchard@cbrands.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e50b51fa-5183-4317-84b1-966b5db3ee08

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/0771de0a-3696-4d58-b7c6-290102f8c9c6

 

SANTA CLARA, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) announced today that it will report fiscal third quarter 2026 financial results on Tuesday, Nov. 3, 2026, after the market close. Management will conduct a conference call to discuss these results at 5 p.m. ET / 2 p.m. PT. Interested parties are invited to listen to the webcast of the conference call via AMD’s Investor Relations website: ir.amd.com.

AMD also announced it will participate in the following events with the financial community:

• UBS Global Technology and AI Conference on Tuesday, Dec. 1, 2026.
• Barclays 24^th Annual Global Technology Conference on Wednesday, Dec. 9, 2026.

Webcasts of the presentations can be accessed on AMD’s Investor Relations website: ir.amd.com.

About AMD
AMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.

^{AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.}

Contact
Carolyn Guss
AMD Communications
corporate.pressinquiry@amd.com

Liz Stine
AMD Investor Relations
investor.relations@amd.com

PALO ALTO, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) — Wealthfront Corporation (Nasdaq: WLTH) today reported select monthly metrics for September 2026.

“We drove strong Net Deposits across the platform in September, reflecting the strength of our best-in-class products that give clients smart, reliable ways to build wealth across various macroeconomic environments,” said CEO David Fortunato. “September marked our third consecutive month of positive Cash Net Deposits. In the second half of the month, Cash Net Deposits benefited from a higher Cash Account APY after we immediately passed along the 25 basis point Fed rate hike, which was partially offset by clients making quarterly cash tax payments during the month. We remain focused on driving cross-product adoption in transition environments like we are in today, including by building on our proven success with client incentives that helped lift asset-weighted cross-product adoption month-over-month to just under 64% at the end of September.”

• Total Platform Assets at the end of September 2026 were $100.5 billion, relatively flat since the end of August 2026 and an increase of 9% year-over-year.
  • Cash Management Assets at the end of September 2026 were $45.3 billion, relatively flat since the end of August 2026 and a decrease of 4% year-over-year.
  • Investment Advisory Assets at the end of September 2026 were $55.2 billion, a decrease of 1% from the end of August 2026 and an increase of 24% year-over-year.
• Total Net Deposits in September 2026 were $532 million. This consisted of Cash Management Net Deposits of $194 million and Investment Advisory Net Deposits of $338 million.
• Funded Clients at the end of September 2026 were 1.54 million, an increase of 1% from the end of August 2026 and 13% year-over-year.

	Sep-26	Aug-26	Sep-25		MoM	YoY
Total Platform Assets (in $ M)	$100,466	$100,899	$92,025		(0.4%)	9.2%
Cash Management Assets	$45,279	$45,085	$47,381		0.4%	(4.4%)
Investment Advisory Assets	$55,188	$55,814	$44,644		(1.1%)	23.6%
Total Net Deposits (in $ M)	$532	$605	$513		NM	NM
Cash Management Net Deposits	$194	$228	$138		NM	NM
Investment Advisory Net Deposits	$338	$378	$375		NM	NM
Funded Clients (in K)	1,536	1,521	1,364		1.0%	12.6%

Note: Subtotals may not add up to totals due to rounding.

Additional Commentary:

• September 2026-end Annualized Cash Management Fee Rate: As of the end of September 2026, our annualized cash management fee rate was roughly 55 basis points.
• Expected F3Q27 Employer Tax Expenses Tied to Options Exercises by Former Employees: As noted during the F2Q27 earnings call, F3Q27 results will include one-time employer tax expenses tied to options exercises by former employees ahead of a September exercise deadline. We now expect to incur roughly $1.2 million in one-time employer tax expenses tied to options exercises by former employees in F3Q27, predominantly within product development expenses. Note, while these expenses are tied to a one-time event, these expenses will be included in both GAAP and adjusted F3Q27 results.

Disclosures

For definitions and additional information regarding these metrics, please refer to Wealthfront’s full monthly metrics release, which is available at ir.wealthfront.com.

This monthly metrics report provides certain limited purpose monthly performance results of Wealthfront Corporation and its consolidated subsidiaries (“we,” “Wealthfront” or the “Company”). This information is presented without commentary and should be read in conjunction with our most recent quarterly and annual results and our filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available under the “Financial Information” tab of our Investor Relations website at ir.wealthfront.com.

The information provided is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on our estimates and subject to completion of our financial closing procedures. During the course of the financial close process, the Company may identify items that would require it to make adjustments, which may have a material impact to the information presented in this monthly metrics report, and final results for the fiscal quarter, as reported in our quarterly and annual filings with the SEC, may vary from the information provided herein. Past performance is not necessarily indicative of future results, and due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

We intend to make these monthly metrics reports available on a regular basis on our Investor Relations website. We expect monthly metrics reports regarding each of the first two months of each fiscal quarter to be available towards the beginning of the following month. We expect the monthly metric report for the third month of each fiscal quarter to be made available alongside our quarterly earnings announced for that completed quarter.

In addition to filings we make with the SEC, we use our Investor Relations website (ir.wealthfront.com), our X account (@Wealthfront), and our LinkedIn page (linkedin.com/company/wealthfront) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.

About Wealthfront
Wealthfront is a tech-driven financial platform helping digital natives turn their savings into wealth. Since pioneering the automated investing category in 2011, the company has grown into a leading consumer fintech that helps clients achieve their financial goals with innovative saving, investing, borrowing, and lending products. Wealthfront’s expanding suite of high-quality, low-cost offerings helps digital natives earn more on their savings, borrow at lower rates, and keep more of their returns. To learn more and get started, visit www.wealthfront.com or download the Wealthfront app.

Contacts

Investor Relations: ir@wealthfront.com

Media: press@wealthfront.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding Wealthfront’s future operating results and financial condition, its business strategy and plans, market growth, and its objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” and similar expressions are intended to identify forward-looking statements.

These forward-looking statements are made as of the date they were first issued and are based on information available to Wealthfront together with Wealthfront’s expectations, estimates, forecasts, projections, beliefs, and assumptions as of such date. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Wealthfront’s control. Wealthfront’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. Further information on potential risks that could affect actual results is included in Wealthfront’s most recent filings with the Securities and Exchange Commission (the “SEC”), including in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026 filed with the SEC on April 24, 2026 and our most recent Quarterly Report on Form 10-Q, copies of which may be obtained by visiting Wealthfront’s Investor Relations website at https://ir.wealthfront.com or the SEC’s website at https://www.sec.gov. Past performance is not necessarily indicative of future results. Wealthfront undertakes no intention or 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. Forward-looking statements should not be relied upon as representing Wealthfront’s views as of any date subsequent to the date of this press release.

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Completes Navitas’ high-power portfolio with Claros’ IVR technology, enabling vertical and embedded architectures and providing last step in power delivery to the core

Navitas to host webinar ‘Breaking the AI Infrastructure Power Wall: From Grid-to-xPU’, unveiling Claros’ technology and differentiation on October 20, 2026

TORRANCE, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) — Navitas Semiconductor (Nasdaq: NVTS) (Navitas or “the Company”), a leader in next-generation power semiconductors and power delivery solutions, pioneering GaN, high-voltage and ultra-high-voltage SiC, and IVR technologies, today announced the closing of its previously announced acquisition of Claros, Inc. (Claros), a power management solutions company developing integrated voltage regulator (IVR) technology for next-generation AI data centers, providing the last step to powering the xPU.

The completed transaction extends Navitas’ AI infrastructure portfolio from the grid to the xPU, bringing industry-leading IVR capabilities. Claros™ IVR integrates power transistors, digital control, inductors and capacitors into a single IVR technology stack to enable next-generation Vertical Power Delivery (VPD) and Embedded Power Delivery (EPD) architectures. Its Packaged Integrated Voltage Regulator (pIVR) and Embedded Integrated Voltage Regulator (eIVR) products, based off the same Claros IVR technology stack, move power conversion closer to the xPU and deliver higher efficiency, faster transient response and greater power density, while the modular PowerArray™ architecture scales power delivery to meet the rapidly increasing demands of next-generation processors at the center of modern AI systems.

Combined with Navitas’ GaN and high-voltage and ultra-high-voltage SiC technologies that enable the new 800V DC architecture, the Company is “breaking the AI infrastructure power wall” by addressing the efficiency, power density and performance bottlenecks emerging as AI data centers and xPUs demand dramatically more power.

“Closing this acquisition is a defining step in the Navitas 2.0 transformation and our strategy to power AI infrastructure from grid-to-xPU,” said Chris Allexandre, President and CEO of Navitas. “With power now the bottleneck for AI, increases in power delivery and efficiency are the key enablers of more compute output. The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and precision, in addition to re-redefining the racks with higher power centralized systems and higher density architectures. This ‘power wall’ has restricted next-generation xPUs in megawatt-scale server racks from achieving the next wave of AI performance. Navitas 2.0 brings together GaN, high-voltage and ultra-high-voltage SiC, and now IVR technologies to break the power wall and address power conversion across the complete grid-to-xPU architecture.

“Additionally, this combination doubles our serviceable addressable market (SAM), deepens our engagement with hyperscalers and AI power platform providers, and strengthens our capabilities and leadership in power delivery for AI infrastructure. As AI power demand accelerates, we are uniquely positioned to deliver greater value for our customers, while driving sustainable long-term growth.”

Navitas expects the acquisition to more than double the Company’s identified 2030 SAM to over $8 billion, adding at least $3.5 billion from the rapidly growing VPD and IVR markets. Combined with Navitas’ existing $3.5 billion SAM for GaN and HV/UHV SiC and approximately $1 billion from new JFET technology, the transaction significantly expands Navitas’ opportunity across the complete grid-to-xPU power chain.

Webinar Presentation | Breaking the AI Infrastructure Power Wall: From Grid-to-xPU
	Speakers:	Chris Allexandre – Navitas President and CEO
		Llew Vaughan-Edmunds – Navitas Chief Marketing Officer
		Dan Kultran – VP & GM, IVR Business Unit, former CEO & Claros Co-founder
	When: Tuesday, October 20
	Time: 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time)
	Webcast: Click Here

Additionally, an archived version of the video webinar as well as supporting presentation materials will be accessible on the Investor Relations section of the Company’s website at ir.navitassemi.com.

About Navitas

Navitas Semiconductor (Nasdaq: NVTS) is a leader in next-generation power semiconductors and power delivery solutions, pioneering GaN, high-voltage and ultra-high-voltage SiC, and IVR technologies for AI infrastructure, including data centers and energy and grid systems, as well as additional markets such as high-performance computing and industrial electrification. Collectively, these technologies address the complete grid-to-xPU power architecture, breaking the AI infrastructure power wall and enabling higher efficiency, greater power density, and increased performance across the entire power chain. Navitas’ GaNFast™ FETs deliver industry-leading power density, efficiency, and high-speed performance, while GaNFast™ power ICs integrate GaN power, drive, control, sensing, and protection to enable faster, more efficient power conversion, leading to smaller and more reliable systems. The GeneSiC™ portfolio combines proprietary trench-assisted planar (TAP) SiC technology with leading-edge discrete packaging and SiCPAK™ power modules to deliver industry-leading efficiency, ruggedness and performance. Claros™ IVR technologies extend power delivery directly to the xPU, enabling customers to implement vertical power delivery (VPD) and embedded power delivery (EPD) architectures with high-density power conversion beneath or within millimeters of the processor, minimizing power-delivery losses and impedance while enabling ultra-fast transient response, higher efficiency and maximum power density. Navitas has over 450 patents issued or pending and is a leader in 800 VDC and the advanced AI power infrastructure ecosystem.

Navitas®, GaNFast®, GeneSiC™, Claros™, SiCPAK®, GaNSafe®, DrGaN™, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Forward-Looking Statements
Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for the Company’s future operating and financial performance, based on assumptions currently believed to be valid. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “may,” “will,” “would,” “could,” “should,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements, including statements regarding the anticipated benefits, synergies and prospects of the combined company following the completed acquisition of Claros, expected contributions to Navitas’ serviceable addressable market, technology roadmap, customer engagements, and financial model, are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the risk that the anticipated benefits, synergies and cost savings of the transaction may not be realized within the expected timeframe or at all; the difficulties and costs of integrating the two businesses; significant transaction costs and/or unknown or inestimable liabilities; the effect of the transaction on the parties’ ability to retain and hire key personnel and to maintain relationships with customers, suppliers and other business partners; the diversion of management’s attention and resources from ongoing business operations; the impact of macroeconomic and market conditions, including economic downturns, international conflict, trade disputes and tariffs; and the other risks identified in the Company’s filings with the SEC. These forward-looking statements speak only as of the date of this release and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.

Contact Information
Navitas Semiconductor
Vipin Bothra
info@navitassemi.com

Navitas Investor Contacts
Leanne Sievers | Brett Perry
Shelton Group
sheltonir@sheltongroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c66a6c1-105c-42e0-af65-9741a11caf02

NEWARK, Del., Oct. 06, 2026 (GLOBE NEWSWIRE) — Artesian Resources Corporation (Nasdaq: ARTNA) today announced several leadership changes designed to align the company’s management structure with its continued growth and evolving business needs. The changes strengthen leadership across technology, administration, operations, and engineering.

Raymond T. Kelly, CPA – Chief Information Officer 

Raymond T. Kelly, CPA, has been named Chief Information Officer, overseeing Artesian’s Information Technology organization, including enterprise technology, operational technology and cybersecurity. Kelly has been leading the department’s daily operations and strategic management, consistently exceeding the expectations of his role. He is responsible for the technology systems and infrastructure that support Artesian’s business and utility operations, including enterprise applications, data and analytics, business process automation, technology infrastructure and cybersecurity, as well as the operational technology systems that support the reliable and secure operation of Artesian’s water and wastewater facilities. 

Kelly joined Artesian in 2013 as Manager of Business Applications, was promoted to Director of Information Technology in 2016 and was named Vice President of Information Technology in 2022. Prior to joining Artesian, he served as a Manager with PricewaterhouseCoopers. Kelly earned bachelor’s degrees in Computer Science and Business and in Business and Economics from Lehigh University and holds several professional credentials, including Certified Public Accountant and Certified Information Systems Auditor. He serves on the Finance Committee of the Boys & Girls Club of Delaware.

Pierre A. Anderson – Chief Administrative Officer 

Pierre A. Anderson has been named Chief Administrative Officer, an expanded role that will draw on his proven ability to develop talent, improve processes and identify efficiencies. Anderson will oversee Human Resources, Safety, Security, and Vehicle and Facilities Maintenance. He is responsible for programs and initiatives that support Artesian’s workforce and workplace, including talent management, employee development and engagement, organizational policies and practices, corporate safety programs, physical security, and the effective management of company vehicles and facilities. His organizational and process improvement experience will help align these critical functions with Artesian’s strategic priorities while supporting productive teams across the organization. 

Anderson joined Artesian in 2006 as Manager of Information Technology and progressed through increasingly senior leadership positions, including Director and Vice President of Information Technology and, most recently, Chief Information Officer and Senior Vice President. Prior to Artesian, he held technology leadership positions with Christina School District and MBNA America. Anderson holds a bachelor’s degree from Delaware State University and an MBA and Master of Science in Information Systems from the University of Delaware. Anderson is the Board Chair of Easterseals of Delaware & Maryland’s Eastern Shore and serves on the Delaware Economic and Financial Advisory Council and the Delaware State Chamber of Commerce’s Board of Governors.

Deirdre S. Smith, P.E. – Vice President of Operations and Planning 

Deirdre S. Smith, P.E., has been named Vice President of Operations and Planning, overseeing Artesian’s water operations and planning functions. Since joining Artesian to support leadership transitions, Smith has become an immediate asset to the organization through her operational and business experience, collaborative approach and strong mentoring skills. In her expanded role, she is responsible for the operation and maintenance of Artesian’s water supply and distribution infrastructure, as well as planning initiatives supporting system reliability, infrastructure investment and future growth. Her responsibilities also include coordinating long-term water system planning, water main renewal and highway relocation projects, subdivision planning and other strategic water and wastewater infrastructure initiatives. Her relationships and understanding of Delaware’s planning processes further strengthen Artesian’s ability to coordinate complex projects and prepare for future system needs. 

Smith joined Artesian in 2025 as Director of Planning. She brings more than 35 years of engineering, operational and business leadership experience, most recently serving as Vice President and MidAtlantic Area Leader for Verdantas and previously as a partner and Chief Operating Officer of Duffield Associates. Smith earned both a Bachelor of Civil Engineering and Master of Civil Engineering from the University of Delaware. Smith currently serves on Delaware’s Water Infrastructure Advisory Council, as President of the Committee of 100 and on the Board of Family Promise of Northern New Castle County.

Daniel W. Konstanski, P.E., BCEE – Vice President and Chief Engineer 

Daniel W. Konstanski, P.E., BCEE, has been named Vice President and Chief Engineer, recognizing his consistent performance and expanded leadership of Artesian’s engineering functions. Under his leadership, the Engineering department has supported the needs of Artesian’s growing water system by developing new sources of supply, implementing effective treatment technologies to address emerging contaminants, advancing infrastructure renewal and expansion, and supporting continued growth in the company’s wastewater operations. Konstanski also continues to develop his team and use data to identify efficiencies and strengthen project delivery. In his role, he oversees engineering activities supporting the design, construction, renewal and expansion of water and wastewater infrastructure, helping ensure projects meet regulatory requirements and support reliability, investment priorities and the long-term needs of the communities Artesian serves. 

Konstanski joined Artesian in 2014 as Senior Engineer, bringing more than nine years of prior experience in the water and wastewater field. He was appointed Manager of Engineering in 2019 and Vice President of Engineering in 2022. His new designation as Chief Engineer reflects his expanded leadership responsibility for Artesian’s engineering and technical initiatives. 

“These leadership changes reflect both the continued growth of Artesian and the strength and depth of our management team,” said Nicki Taylor, President and CEO of Artesian Resources Corporation. “Ray, Pierre, Deirdre, and Daniel each bring valuable experience, perspective and leadership to their respective areas. This structure allows us to build on their individual strengths while enhancing coordination across critical areas of our business and maintaining our focus on providing safe, reliable and responsive service to our customers and communities.” 

The leadership changes reflect Artesian’s continued commitment to developing a management structure that supports the company’s long-term strategic priorities while maintaining a strong focus on operational excellence, infrastructure, technology, cybersecurity and safety. 

About Artesian Resources
Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related business services, on the Delmarva Peninsula. Artesian Water Company, Inc. (Artesian), the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905.

Contact:
Virginia Eisenbrey
Communications
(302) 453-6900
veisenbrey@artesianwater.com