Legal notices

U.S. State Laws

Telix Pharmaceuticals (US), Inc. (Telix US) is committed to conducting its business in compliance with all state laws that may affect the marketing of our products and our relationship with healthcare professionals, and to this end has established and maintained a Comprehensive Compliance Program (CCP).

Below you will find a description of Telix US’ State-specific program elements related to California’s Health and Safety Code §§ 119400-119402.

Telix US’ Annual Declaration of Compliance for Purposes of California Health & Safety Code §§ 119400-119402

Telix US has developed a Comprehensive Compliance Program (“CCP”) that to the best of our knowledge is in material compliance with the California Health & Safety Code §§ 119400-119402, as well as Telix US’ annual dollar limit for in-scope expenditures with relevant California Health Care Professionals. It is Telix US’ expectation that all employees comply with the Telix Code of Conduct and other applicable policies and procedures that can be found on the Telix Corporate Governance site. Telix US is continuously assessing and enhancing its CCP. Telix US asserts that its CCP, reviewed on June 22, 2026, is reasonably designed to identify or prevent and detect violations of applicable law, regulations and company policies or procedures. A copy of this Declaration may be obtained by telephoning the Telix Hotline tollfree at 1.833.214.1164.

Telix US is committed to conducting business with honesty and integrity. Telix US takes all concerns related to the way it does business seriously, and rigorously investigates all credible issues brought to its attention. As part of this commitment, Telix US protects from retaliation any person who raises a concern about the way that Telix does business.

Telix has a dedicated hotline portal – the Telix Hotline – that includes the option for anonymous reporting. The Telix Hotline is an externally hosted confidential online and telephone helpline available 24 hours a day, 7 days a week. It can be accessed via the website www.clearviewconnects.com or by calling the following US toll-free telephone number: 1.833.214.1164. Additional toll-free numbers for other jurisdictions are available on the Telix Hotline website www.telixpharma.com/telix-hotline.

CALIFORNIA PRIVACY RIGHTS NOTICE

This California Privacy Rights Notice (“Notice”) applies to all visitors, users, customers, and suppliers who reside in the State of California (“consumers” or “you”). In the event of a conflict between this Section and the remainder of this Policy, this Section shall take precedence for California residents. Any terms used below and not otherwise defined have the meaning given to them under the California Consumer Privacy Act as Amended by the California Privacy Rights Act and its implementing regulations (the “CCPA”).

The Collection, Source, Purpose and Sharing of Your Personal Information

Telix collects several categories of Personal Information as described above. Within the last twelve (12) months, the Personal Information we have collected consists of the following categories under California law:

- Identifiers: consisting of name, address, telephone number, email address, social media handles, and usernames;

- Consumer Information under Cal. Civ. Code 1798.80(e): consisting of information that identifies, relates to, describes, or is capable of being associated with, a particular individual, including, but not limited to, name, social security number, physical characteristics or description, address, telephone number, education, employment, employment history, medical information, and health insurance information;

- Characteristics of Protected Classifications under California or federal law: consisting of age, race, ethnicity, citizenship, medical condition, physical or mental disability, sex, gender, veteran or military status;

- Commercial Information: consisting of records of products or services purchased, obtained, or considered, other purchasing or consuming histories or tendencies, payment information, transaction history;

- Internet or other Electronic Information: such as computer Internet Protocol (IP) address; unique device identifier (UDID), e.g., MAC address; Cookies and other data linked to a device; and data about usage of the website and communications;

- Geolocation data: consisting of approximate location based on your IP address;

- Audio, Electronic, and Visual Data: consisting of customer support calls, video recordings, and electronic device information;

- Professional or employment-related information: consisting of employment history, references, and information you include in your job application or CV;

- Inferences: inferences drawn to create a profile; and

- Sensitive Personal Information: consumer’s account log-in, in combination with any required security or access code, password, or credentials allowing access to the account; racial or ethnic origin, personal information about health.

Telix does not knowingly collect or store information about minors under the age of 16, except as legally required or professionally required in our capacity as required by our Services. Telix does not collect, use, disclose, or share Sensitive Personal Information for any purpose other than those purposes for which it was specifically collected or as otherwise permitted by applicable Privacy Laws.

Categories of Sources From Which Personal Information is Collected

The categories of sources from which your Personal Information is collected is described above (How does Telix collect Personal Information).

Purposes for Collecting Personal Information

Our business and commercial purposes for collecting your Personal Information are described above (How does Telix use Personal Information).

Disclosures

For a Business Purpose

In the last 12 months we disclosed each of the above categories of Personal Information for our business purposes to the following categories of third parties and / or service providers with whom we disclosed Personal Information in the last 12 months are described above (Disclosure of Personal Information).

For Selling or Sharing

In the past 12 months, the following categories of Personal Information may have been sold or shared for compensation or cross-contextual behavioural advertising to our vendors that provide cross-contextual behavioural advertising services: (a) identifiers, (b) consumer information under Cal. Civ. Code 1798.80(e), (c) commercial information, (d) internet or other electronic information, (e) geolocation data, (f) audio, electronic and visual data, and (g) inferences.

We do not have any actual knowledge that we have sold or shared information of any individual under the age of 16 for monetary compensation or for cross-contextual behavioural advertising.

California Consumer Rights

Subject to certain exceptions, residents of California have the right to:

- request access to specific pieces of your Personal Information;

- request correction of your Personal Information;

- request to know what Personal Information has been collected, including the categories of Personal Information collected, the categories of sources from which such Personal Information is collected, the purpose for collecting, selling, or sharing Personal Information, and the categories of third parties to whom we disclose, share or sell Personal Information;

- request deletion of your Personal Information; and

- opt out of the sale or sharing of your Personal Information.

You also have the right to be free of discrimination and retaliation if you elect to exercise any of the above rights.

You, or your authorized agent, may exercise these rights by (1) calling us via our US Syntrio Ethics English-speaking hotline toll free at +1-833-214-1164 or our US Syntrio Ethics Spanish speaking hotline toll free at +1-800-216-1288, or (2) by emailing us at privacy@telixpharma.com and providing us with your name, email address, relationship to Telix, nature of your request, and state of residence.

You must provide sufficient information to allow us to reasonably authenticate your request and verify you are the person about whom we collected Personal Information or that you are the authorized agent of such person. We may require additional information to verify and authenticate the request, which may vary depending on the Personal Information we have on file for you and the nature of your request. We will be unable to respond if you do not provide sufficient detail to allow us to properly understand, evaluate, and respond to your request.

We will strive to respond to your request in a timely manner as required by law. We may charge a fee to process or respond to your request if it is excessive, repetitive, or manifestly unfounded.

To opt-out online, please contact us as set out in Section 3.11 or opt-out in accordance with the unsubscribe communications on relevant electronic communication.

CALIFORNIA’S “DO-NOT-TRACK” REQUIREMENT. WE CURRENTLY DO NOT HONOUR “DO NOT TRACK” REQUESTS.

CONSUMER HEALTH PRIVACY NOTICE

This Consumer Health Privacy Notice (“Notice”) applies to all operations for Telix Pharmaceuticals (US) Inc (“Telix US” or “we”) and supplements the Global Privacy Policy for Telix Pharmaceuticals Limited. It applies solely to health information or health data as defined by Washington and Nevada law (“Consumer Health Information”) to provide additional information about how Telix may process Consumer Health Information, how we protect it, as well as your rights and choices with respect to that information. It applies to all operations for Telix US, as well as its websites, mobile applications, and digital services (“Services”) that link to or post this Notice.

This Notice applies only to residents of Washington and Nevada and to individuals whose information is processed in Washington or Nevada.

Research & Development

Advancing the science that powers next-generation radiopharmaceuticals

At Telix, R&D powers our future — strengthening our capabilities and working across the business to advance assets from discovery to clinical proof-of-concept and deliver first- and best-in-class theranostics.

From bench to bedside, the team is driving new clinical applications, workflow innovations, and manufacturing advancements to develop imaging agents and therapies that have the potential to transform how cancer is detected, monitored and treated.

Core Innovation Pillars

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Physical Sciences

Advancing applied chemistry and physics for next-generation radiopharmaceutical development

Our Physical Sciences team advances the foundational research that enables cutting-edge radiopharmaceutical development. Through precision science and innovation, the group provides the building blocks for transformative imaging and therapeutic agents within Telix’s global pipeline.

Drug Discovery

Driving breakthroughs in cancer biology through multidisciplinary research

Our Drug Discovery team pioneers novel theranostic strategies by investigating new approaches in molecular targeting, radiobiology, and immuno-oncology. Supported by Telix Targeting Technology’s engineered antibody platform and a state-of-the-art California research facility, we are accelerating the development of next-generation radiopharmaceuticals by evaluating the best targets for each disease state.

MedTech

Advancing AI-driven imaging and surgical innovation

Our MedTech division develops technologies that enhance both precision medicine and surgical care. The SENSEI® radio-guided surgery platform and related detection technologies are extending our targeting science into the operating room to improve surgical precision and patient outcomes. We are also exploring artificial intelligence to improve imaging analysis and support better informed clinical decisions.

Non-clinical

Driving safe, compliant, and efficient drug development for global impact

Our Non-Clinical team bridges discovery and development, ensuring scientific innovation progresses safely and efficiently toward clinical and commercial outcomes. Through a combination of regulatory expertise and translational science, they guide programs through complex pathways to deliver therapies to patients worldwide, with integrity and speed.

Partnership Opportunities

We are actively exploring partnership opportunities across our R&D programs and technology platforms.

To discuss collaboration or learn more about how we can work together, please contact us.

Telix Manufacturing Solutions

Telix Manufacturing Solutions (TMS) is our global network of facilities designed to deliver radiopharmaceutical doses to patients worldwide. Given the short half-life of these products, highly efficient manufacturing and logistics are essential to ensure timely delivery. As adoption of radiopharmaceuticals continues to grow, scalable production and reliable supply chains are critical to meeting increasing demand.

TMS capabilities

Clinical and commercial GMP (good manufacturing process) dose production

Isotope processing and supply chain security

Radiochemistry & bioconjugation expertise

Precursor preparation and test labelling

Support for drug discovery and clinical translation

Last-mile delivery of finished unit doses to clinical sites

Explore the TMS network

TMS global facilities

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RLS Radiopharmacies

One of the United States’ leading radiopharmacy networks, accredited by The Joint Commission, with 29 state-of-the-art facilities across the United States. Each site is built to leading industry standards and staffed by experienced Nuclear Pharmacists, Radiation Safety Officers, and a dedicated courier fleet, all dedicated to delivering patient doses from bench to bedside.

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TMS Seneffe

This state-of-the-art GMP production facility, located in Belgium’s RadioPharma Valley, is one of the largest of its kind in Europe. Serving as Telix’s primary manufacturing site for the region, the facility also functions as a central hub for collaborative research and development. It features a dedicated laboratory for alpha therapies, reinforcing its role in advancing innovative radiopharmaceutical solutions for both clinical and commercial applications.

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TMS North Melbourne

Purpose-built for early-stage R&D and radiopharmaceutical production, the facility is situated in Melbourne’s Parkville Precinct, close to major hospitals, globally recognized academic institutions, and prominent research centres. This strategic location supports our mission to accelerate clinical development and foster collaboration within one of Australia’s most prominent biomedical hubs.

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TMS Yokohama

Our first cyclotron facility in the Asia Pacific region serves as a hub for commercial and clinical drug product supply, as well as research and development initiatives. This facility represents a significant step in expanding our footprint in Asia, ensuring regional access to advanced radiopharmaceuticals.

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ARTMS

Located in Vancouver, British Columbia (Canada), ARTMS specializes in decentralized, large-scale cyclotron production of medical isotopes to strengthen the radioisotope supply chain for our commercial products. The core technology platform, the QUANTM Irradiation System™ (QIS™) facilitates more efficient, high-yield production of commercially important isotopes, helping to meet the growing demand for therapeutic and imaging radiopharmaceuticals to ensure uninterrupted access for patients worldwide.

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IsoTherapeutics

Located just outside Houston, Texas (U.S.), our in-house specialty facility supports capabilities in radiochemistry, bioconjugation and isotope processing. ITG’s team are leaders in radiolabeling and antibody conjugates for use in developing novel therapeutic and imaging agents.

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Telix Targeting Technologies (T3)

Located in Los Angeles, California (U.S.), T3 is a state-of-the-art R&D facility with expertise in discovery, protein engineering and radiopharmaceutical development. T3 offers end-to-end preclinical capabilities, from antibody screening to in-vivo studies, and features a novel biologics platform designed to advance the next generation of Telix precision medicines.

One of the United States’ leading radiopharmacy networks, accredited by The Joint Commission, with 29 state-of-the-art facilities across the United States. Each site is built to leading industry standards and staffed by experienced Nuclear Pharmacists, Radiation Safety Officers, and a dedicated courier fleet, all dedicated to delivering patient doses from bench to bedside.

This state-of-the-art GMP production facility, located in Belgium’s RadioPharma Valley, is one of the largest of its kind in Europe. Serving as Telix’s primary manufacturing site for the region, the facility also functions as a central hub for collaborative research and development. It features a dedicated laboratory for alpha therapies, reinforcing its role in advancing innovative radiopharmaceutical solutions for both clinical and commercial applications.

Purpose-built for early-stage R&D and radiopharmaceutical production, the facility is situated in Melbourne’s Parkville Precinct, close to major hospitals, globally recognized academic institutions, and prominent research centres. This strategic location supports our mission to accelerate clinical development and foster collaboration within one of Australia’s most prominent biomedical hubs.

Our first cyclotron facility in the Asia Pacific region serves as a hub for commercial and clinical drug product supply, as well as research and development initiatives. This facility represents a significant step in expanding our footprint in Asia, ensuring regional access to advanced radiopharmaceuticals.

Located in Vancouver, British Columbia (Canada), ARTMS specializes in decentralized, large-scale cyclotron production of medical isotopes to strengthen the radioisotope supply chain for our commercial products. The core technology platform, the QUANTM Irradiation System™ (QIS™) facilitates more efficient, high-yield production of commercially important isotopes, helping to meet the growing demand for therapeutic and imaging radiopharmaceuticals to ensure uninterrupted access for patients worldwide.

Located just outside Houston, Texas (U.S.), our in-house specialty facility supports capabilities in radiochemistry, bioconjugation and isotope processing. ITG’s team are leaders in radiolabeling and antibody conjugates for use in developing novel therapeutic and imaging agents.

Located in Los Angeles, California (U.S.), T3 is a state-of-the-art R&D facility with expertise in discovery, protein engineering and radiopharmaceutical development. T3 offers end-to-end preclinical capabilities, from antibody screening to in-vivo studies, and features a novel biologics platform designed to advance the next generation of Telix precision medicines.

Fidelity Building Services Group Expands with the Acquisition of Tropic-Kool

HUNT VALLEY, MD (November 12, 2024) – Fidelity Building Services Group (Fidelity), one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, and Energy Solutions, is pleased to announce its continued expansion with the acquisition of Tropic-Kool, a commercial design-build and HVAC/Mechanical Services contractor headquartered in Largo, Florida. This strategic acquisition further strengthens Fidelity’s presence and service capabilities in the Southeastern United States.

“We are excited to welcome Tropic-Kool to the Fidelity family,” says Dave Lanphar, LEED AP, CEO/Partner of Fidelity. “As we expand our services into Florida, Tropic-Kool’s deep roots in the Tampa Bay area and their commitment to high-quality service make them an ideal partner. We look forward to collaborating with President Daniel Wilkie and the entire Tropic-Kool team as we continue our mission of delivering world-class HVAC and energy solutions.”

Founded in 1978, Tropic-Kool has been a trusted name in commercial HVAC/Mechanical services across the Tampa Bay area for over 45 years. With a focus on service, maintenance, and custom design-build solutions, Tropic-Kool serves a diverse range of clients in sectors including healthcare, industrial, commercial, and education. Known for their expert staff and ability to quickly respond to client needs, Tropic-Kool has built long-lasting relationships based on trust, reliability, and technical expertise.

“Our partnership with Fidelity marks an exciting new chapter for Tropic-Kool,” says Daniel Wilkie, President of Tropic-Kool. “For decades, we’ve been committed to delivering high-quality HVAC/Mechanical solutions with a focus on customer satisfaction. With the resources and support of Fidelity, we’re poised to expand our service offerings and continue our legacy in the Tampa Bay area.”

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity) is one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, and Energy Solutions. Our best-in-class product and service offerings include HVAC/Mechanical, Energy & Sustainability, Building Automation & Integration, and Emergency Power for Commercial/Industrial, Mission-Critical, Government, Education, and Healthcare markets. Fidelity leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

In 1945, Fidelity was founded as a full-service mechanical engineering, contracting, and service company that introduced air conditioning, refrigeration, and process cooling to a new marketplace. The advent of air conditioning went on to revolutionize the entire building industry, and Fidelity has been on the leading edge ever since. Today, through strategic acquisitions and partnerships, the Fidelity geographic footprint has grown beyond the Mid-Atlantic, extending throughout the United States. We have over 2,800 Team Members, more than 70 locations serving 30 states, and over 75 years of excellence delivering Proactive, World-Class Service.

About Tropic-Kool

Tropic-Kool, A Fidelity Company, is a leading commercial design-build and HVAC/Mechanical services contractor serving the Tampa Bay, Florida area, with expertise in the Healthcare, Education, and Commercial/Industrial sectors. Our factory-trained, OEM-certified technicians are committed to providing the highest level of service, ensuring clients receive reliable, efficient, and cost-effective HVAC solutions.

Headquartered in a 25,000 square-foot automated facility, Tropic-Kool operates our own ductwork and welding shop to facilitate custom and fast-track projects. In addition, we maintain an extensive HVAC parts inventory to support our world-class service group.

Fidelity Building Services Group Expands Mid-Atlantic Presence with Acquisition of Masters Mechanical

HUNT VALLEY, MD (March 9, 2026) – Fidelity Building Services Group (Fidelity), one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions, announces our acquisition of Masters Mechanical, a premier commercial and industrial HVAC and refrigeration services provider based in Virginia. This addition reflects the continued success of Fidelity’s nationwide expansion strategy, driven by partnerships with high-performing, service-focused organizations.

“We are excited to welcome the Masters Mechanical team to the Fidelity family,” says Dave Lanphar, CEO / Partner of Fidelity. “Our strategic growth plan is centered on expanding our national platform with strong regional partners who bring technical expertise, trusted customer relationships, and a commitment to service excellence. Our partnership with Masters Mechanical further enhances our presence in the Virginia market and represents another meaningful step forward in our nationwide expansion.”

Headquartered in Newport News, Virginia, Masters Mechanical has built a reputation in the healthcare and mission-critical facilities space. Known for their quality workmanship, rapid response, and customer-first service, Masters Mechanical provides comprehensive HVAC and refrigeration services including installation, retrofit & replacement, maintenance & service agreements, and 24-hour emergency service.

“We are proud of the business we’ve built and the relationships we’ve developed over the past 25 years,” says John Masters, President / Partner of Masters Mechanical. “Joining Fidelity allows us to continue delivering the high level of service our clients expect while gaining access to expanded resources, technical support, and growth opportunities for our Team Members. We’re excited about what this partnership means for our team and for the future of our company.”

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity) is one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions serving the Commercial/Industrial, Mission-Critical, Government, Education, and Healthcare markets. Fidelity’s leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

Founded in 1945 as a full-service mechanical engineering, contracting, and service company, Fidelity helped introduce air conditioning and process cooling to a new marketplace. Today, through strategic acquisitions and partnerships, Fidelity has expanded our geographic footprint to more than 75 locations throughout the United States. With over 80 years of excellence and 3,000 Team Members, Fidelity remains obsessed with delivering Proactive, World-Class Service.

About Masters Mechanical

Masters Mechanical, A Fidelity Company, is a Class A HVAC/Mechanical contractor and service provider headquartered in Newport News, Virginia, providing commercial and industrial HVAC and refrigeration services throughout the Tidewater region of Virginia.

Masters Mechanical specializes in new installations, system replacements, and service & maintenance plans. Known for our responsive service model and highly experienced technical team, Masters Mechanical serves building owners, property managers, general contractors, and facilities management companies with a focus on quality systems, professional execution, and competitive pricing.

Fidelity Building Services Group Announces the Appointment of Mark Miller to Chief Integration Officer

Joining the organization’s C-Suite, Miller will focus on streamlining processes and developing unified strategies to support Fidelity’s long-term growth objectives

HUNT VALLEY, MD (January 15, 2026) – Fidelity Building Services Group (Fidelity), one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions, today announces the addition of Mark Miller as its Chief Integration Officer.

In this role, Miller will develop strategies related to new company integrations across Fidelity, with a focus on processes, Information Technology (IT) systems, and Enterprise Resource Planning (ERP) technology. He will work to strengthen collaboration across business units and support unified approaches that advance Fidelity’s long-term growth objectives. Miller brings more than 30 years of executive leadership experience spanning multiple industries. Throughout his career, he has successfully aligned functional teams with corporate strategy and guided organizations through periods of significant change, particularly in merger and acquisition environments.

Prior to joining Fidelity, Miller served as an executive and senior advisor at Seal for Life Industries, where he integrated multiple acquired companies and helped establish global management and planning frameworks. He also held executive leadership roles at Milacron, providing senior-level support to the CEO, Executive Team, and Board of Directors.

“Mark’s experience in enterprise integration and organizational alignment will be invaluable as Fidelity continues our rapid growth and expansion,” says Dave Lanphar, LEED AP, CEO/Partner of Fidelity. “His ability to bring teams together and build scalable, unified foundations will have a lasting impact on our organization. We look forward to his leadership and the positive influence he will have on Fidelity.”

Miller holds a Doctor of Philosophy (PhD) in Business with a specialization in Information Technology Management from Capella University. He also serves as a Member of the Board of Directors and Founding Secretary of the United States Defense Supply Chain Protection Corporation, a nonprofit organization dedicated to strengthening and protecting critical defense supply chains.

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity) is one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions serving the Commercial/Industrial, Mission-Critical, Government, Education, and Healthcare markets. Fidelity’s leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

Founded in 1945 as a full-service mechanical engineering, contracting, and service company, Fidelity helped introduce air conditioning and process cooling to a new marketplace. Today, through strategic acquisitions and partnerships, Fidelity has expanded our geographic footprint to more than 75 locations throughout the United States. With over 80 years of excellence and 3,000 Team Members, Fidelity remains obsessed with delivering Proactive, World-Class Service.

Fidelity Building Services Group Expands South-Central Presence with Acquisition of MVH Industrial in Central Kentucky

HUNT VALLEY, MD (April 29, 2026) – Fidelity Building Services Group (Fidelity), one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions, announces its acquisition of MVH Industrial, a Kentucky-based provider of mechanical, electrical, plumbing, and general contracting services. This addition further advances Fidelity’s nationwide expansion strategy, strengthening its ability to serve industrial and manufacturing clients with highly specialized capabilities.

“We are pleased to welcome MVH Industrial to the Fidelity family,” says Dave Lanphar, Chief Executive Officer / Partner of Fidelity. “Our growth strategy continues to focus on partnering with premier companies that have strong technical expertise in new geographic markets. MVH Industrial’s reputation for delivering quality complex projects for critical end markets and deep customer relationships makes them an ideal partner in our growing national platform.”

Headquartered in Georgetown, Kentucky, MVH Industrial delivers a wide range of services supporting industrial clients, with particular expertise in manufacturing environments. They also specialize in complex, sole-source turn-key projects and critical infrastructure upgrades.

“Joining Fidelity marks an exciting new chapter for our company,” says David Walden, President of MVH Industrial. “We’ve built our business around delivering high-quality, reliable solutions for our customers, and this partnership allows us to expand on that foundation. With Fidelity’s resources and national reach, we are well-positioned to grow our capabilities, create new opportunities for our Team Members, and continue exceeding expectations for the clients we serve.”

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity) is one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions serving the Commercial/Industrial, Mission-Critical, Government, Education, and Healthcare markets. Fidelity’s leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, they share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

Founded in 1945 as a full-service mechanical engineering, contracting, and service company, Fidelity helped introduce air conditioning and process cooling to a new marketplace. Today, through strategic acquisitions and partnerships, Fidelity has expanded its geographic footprint to more than 75 locations throughout the United States. With over 80 years of excellence and 3,200 Team Members, Fidelity remains obsessed with delivering Proactive, World-Class Service.

About MVH Industrial

MVH Industrial, A Fidelity Company, is a provider of mechanical, electrical, plumbing, and general contracting services headquartered in Georgetown, Kentucky. The company supports commercial and industrial clients with a comprehensive range of services including HVAC/Mechanical system design & installation, industrial piping, plumbing, electrical systems, building automation, and custom sheet metal fabrication.

MVH Industrial specializes in complex turn-key project execution, including manufacturing, facility relocations, system retrofits, and operational upgrades. Its capabilities range from paint booth and furnace installations, medium voltage electrical work, energy management systems, and industrial machinery upgrades.

Fidelity Building Services Group Expands with the Acquisition of Cyrco, inc.

HUNT VALLEY, MD (June 9, 2025) – Fidelity Building Services Group (Fidelity), one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions, is pleased to announce the acquisition of Cyrco, inc. (Cyrco), a premier provider of comprehensive cooling tower services headquartered in Greensboro, North Carolina. This strategic acquisition strengthens Fidelity’s presence and service capabilities throughout the United States.

“We are pleased to welcome the Cyrco team to the Fidelity family,” says Dave Lanphar, CEO/Partner of Fidelity. “Cyrco is a powerful addition to our growing national platform, with a reputation for innovative engineering solutions, craftsmanship, customer dedication, and nearly 45 years of proven success. We look forward to expanding our mission of providing Proactive, World-Class Service to a new client base that spans multiple industries and regions.”

Founded in 1980, Cyrco has become an industry leader in the repair, reconstruction, and fabrication of both industrial field-erected and commercial factory-assembled cooling towers. In addition to full-scale cooling tower services, Cyrco is renowned for its ability to custom fabricate high-quality, aftermarket metal parts—often exceeding OEM specifications—with fast turnaround times.

“We’re excited to begin this next chapter in Cyrco’s story with Fidelity,” says Peter Couture II, President of Cyrco. “This partnership allows us to build on our legacy while gaining the resources and support of a nationally recognized service organization. We look forward to joining such a well-respected industry leader who truly cares about their Team Members and valued customers.”

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity) is one of the nation’s leading providers of HVAC/Mechanical Services, Building Automation, Emergency Power, and Energy Solutions serving the Commercial/Industrial, Mission-Critical, Government, Education, and Healthcare markets. Fidelity’s leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

Founded in 1945 as a full-service mechanical engineering, contracting, and service company, Fidelity helped introduce air conditioning and process cooling to a new marketplace. Today, through strategic acquisitions and partnerships, Fidelity has expanded its geographic footprint – to more than 75 locations throughout the United States. With over 80 years of excellence and 2,900 Team Members, Fidelity remains obsessed with delivering Proactive, World-Class Service.

About Cyrco, inc.

Cyrco, inc., A Fidelity Company, (Cyrco) is a premier provider of comprehensive cooling tower services, including the construction or overhaul of field-erected and factory-assembled cooling towers. With nearly 45 years of experience, Cyrco is well known for its unmatched ability to repair and reconstruct cooling towers of all types, fabricate custom replacement parts, and deliver innovative, in-house engineered solutions.

Our commitment to craftsmanship, fast response, and safety has earned the trust of clients in a wide range of applications, including energy, manufacturing, healthcare, and government. Headquartered in Greensboro, North Carolina, Cyrco serves many leading industrial and FORTUNE 500® clients throughout the United States.

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Dive Brief:

- Nvidia released pivotal updates for enterprises focused on data centers and compute at the CES 2026 event in Las Vegas. On Monday, the company launched its latest computing architecture, the Rubin platform. Neocloud provider CoreWeave, which counts IBM and OpenAI as two of its customers, will be one of the first vendors to offer the platform.

- The Rubin platform uses six chips to support building and deploying advanced AI systems that the company said delivers cheaper inference results and uses fewer GPUs for model training than its predecessor, the Nvidia Blackwell platform. The anticipated reduction in training resources and inference costs will help “accelerate mainstream adoption,” the chip giant said in a press release.

- “Vera Rubin is designed to address this fundamental challenge we have: The amount of computation necessary for AI is skyrocketing; the demand for Nvidia GPUs is skyrocketing,” Nvidia CEO and Founder Jensen Huang said in a keynote at CES. “It’s skyrocketing because models are increasing by a factor of 10 in an order of magnitude every single year.”

Dive Insight:

Rising compute demand is something tech giants became intimately familiar with in 2025 as enterprises rushed to adopt and deploy new AI tools.

Microsoft reported in a Q1 2026 earnings call last fall that it was facing a compute capacity shortage that will affect the company throughout its fiscal year. Indeed, increasing AI workloads have prompted nearly 80% of organizations to consider their AI data center needs a year in advance, according to a report from IT services management company Flexential.

Microsoft, along with AWS, Google, Oracle and OpenAI, are expected to utilize Nvidia’s Rubin platform amid the capacity crunch. It’s not just hyperscalers or large AI model developers interested in the technology; Nvidia’s press release included traditional IT players Dell, HPE and Lenovo touting the news as well.

The Rubin platform is designed to address the reality that “next generation AI factories” must process thousands of input tokens to provide context for agentic reasoning and complex workflows while simultaneously maintaining real-time inference under power, cost and deployment constraints, said Kyle Aubrey, director of technical marketing for the accelerated computing product team at Nvidia, in a blog post. AI factories are specialized infrastructure stacks designed to manage and streamline the AI lifecycle.

Different components — including GPUs, CPUs, power delivery and cooling structures — were built together as a single system to make up the foundation of the Rubin platform, Aubrey said.

“By doing so, the Rubin platform treats the data center, not a single GPU server, as the unit of compute,” Aubrey said. “This approach establishes a new foundation for producing intelligence efficiently, securely and predictably at scale.”

Nvidia wasn’t the only player to unveil a rack-scale platform at CES. AMD also introduced Helios, which is designed to “deliver maximum bandwidth and energy efficiency for trillion-parameter training,” according to a press release.

Compute infrastructure serves as the foundation for AI, which is driving unprecedented global compute capacity expansion, the AMD release said.

“AMD is building the compute foundation for this next phase of AI through end-to-end technology leadership, open platforms, and deep co-innovation with partners across the ecosystem,” AMD CEO and Chair Lisa Su said in the release.