Company Announcements

News summary

• Flex was the only company to win multiple 2025 Automotive News PACE Awards, globally recognized as the industry benchmark for innovation.
• Awarded for the Jupiter Compute Platform and Backup DC/DC Converter, highlighting Flex's leadership in design and advanced manufacturing for next-generation mobility.
• Both Flex platforms are already being adopted by global automakers as critical enablers to the shift to software-defined vehicles and the progression to hybrids and EVs.

AUSTIN, Texas , April 21, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) was named a two-time 2025 Automotive News PACE Award winner at the awards ceremony on April 15, recognized for its industry-leading Jupiter Compute Platform and Backup DC/DC Converter design platforms. As the only company to receive two PACE Awards in 2025, the wins underscore Flex's leadership in compute and power electronics product design for next-generation mobility.

The PACE Awards recognize automotive suppliers for superior innovation, technological advancement, and business performance. The Jupiter Compute Platform is an NVIDIA DRIVE AGX-powered, scalable compute architecture that supports applications from passenger cars to commercial vehicles spanning from Level 2+ advanced driver assistance systems to full autonomous driving. This development platform is based on a collaborative ecosystem approach that allows customers to focus on software development and harness Flex's compute design expertise to commercialize faster. Jupiter has enabled breakthroughs in a variety of use cases, including Torc Robotics' virtual driver software for autonomous trucking.

The Backup DC/DC Converter is a purpose-built solution that provides instant power to essential drive-by-wire systems in emergency situations. It directly addresses a critical need for power continuity across 15-years of always-on operation with Flex-engineered hardware and software that greatly reduces standby power loss and product footprint. This innovation exemplifies how Flex advances automotive safety and is expected to debut on an upcoming vehicle from a major global automaker.

"For 30 years, the PACE program has celebrated cutting-edge innovations that have shaped the automotive industry on a global level," said Jamie Butters, executive editor of Automotive News. "The companies on this year's list have pioneered significant technologies that will continue to propel the industry forward."

The 30th annual PACE Awards were presented by Automotive News. The competition was open to suppliers that contribute products, processes, materials, or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry benchmark for innovation.

"Winning two PACE Awards in the same year is an incredible honor and underscores Flex's position as a leading supplier of automotive product design and innovation," said Mike Thoeny, President of Automotive at Flex. "This recognition demonstrates how we are accelerating next-generation mobility to market while highlighting how we partner with our customers across the entire lifecycle, from product development to manufacturing and services."

Flex earned the Automotive News PACE Awards following an extensive review by an independent panel of judges including comprehensive written applications and in-person site visits.

For complete details of the Automotive News PACE Award, visit www.autonews.com/awards/pace.

About Flex

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

Flex Contacts

Media & Press
Christie Haber
Director, Commercial Marketing
(602) 245-1057
Christie.Haber@flex.com

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-wins-two-2025-pace-awards-for-innovation-in-automotive-compute-and-power-electronics-302433032.html

SOURCE Flex