~$1.45 billion acquisition expected to expand Vertiv’s addressable opportunity in power-constrained data centers

UIG’s proven team and proprietary technology add microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture to Vertiv’s portfolio

Extends Vertiv’s power and cooling portfolio from grid interconnect to chip, independent of any single generation technology or supplier

COLUMBUS, Ohio [October 27, 2026]— Vertiv Holdings Co. (NYSE: VRT) (“Vertiv”), a global leader in critical digital infrastructure, today announced its wholly-owned subsidiary, Vertiv Corporation, has completed its acquisition of Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (“UIG”) for approximately $1.45 billion in upfront cash. The transaction includes additional contingent consideration of up to $1.15 billion in cash based on achieving certain earnings before interest, taxes, depreciation and amortization (“EBITDA”) targets over 12- and 24-month periods.

At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. The EBITDA multiple is anticipated to be significantly lower if the full earnout is paid. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion.

UIG is a leader in microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers. The acquisition extends Vertiv upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. These capabilities are expected to help data center operators secure power faster as grid constraints increasingly limit AI infrastructure deployment.

Vertiv has completed its acquisition of UtilityInnovation Group, extending Vertiv solutions upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. ©Vertiv

“We are pleased to welcome the UIG team to Vertiv,” said Vertiv CEO Giordano Albertazzi. “As AI data center operators work to accelerate deployment in an increasingly power-constrained environment, access to power has become a critical competitive advantage. With UIG now part of Vertiv, we can extend our capabilities upstream to the utility interconnect and onsite power sources, creating a coordinated solution, from behind-the-meter power generation to chip, that helps customers achieve faster time to power without tying them to a single generation technology or supplier.”

The Vertiv and UIG combination is expected to give customers greater flexibility in how they source, manage and scale power as data center requirements evolve by:

- Accelerating access to power to ease or eliminate dependence on utility interconnection timelines,

- Enabling Behind the Meter (BTM) site capacity to scale beyond what the grid alone can provide, and

- Providing a single accountable relationship from grid interconnect through rack-level infrastructure.

“UIG is excited to advance its mission to solve the power constraints that are slowing AI data center development,” said Sidney Hinton, Founder and CEO of UIG. “As part of Vertiv, we will be able to bring our microgrid and behind-the-meter power expertise to a broader set of customers globally, helping accelerate deployment of the critical infrastructure needed to support the growth of AI.”

J.P. Morgan Securities LLC acted as financial advisor to Vertiv, and Buchanan Ingersoll & Rooney PC served as legal counsel. Morgan Stanley & Co. LLC acted as financial advisor to UIG, and Davis Polk & Wardwell LLP served as legal counsel.

For more information about Vertiv’s end-to-end portfolio of power and thermal management systems, infrastructure solutions and lifecycle services, visit Vertiv.com.

About Vertiv Holdings Co.

Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Category: Financial News

About UIG

Founded in 2020, UIG is headquartered in Raleigh, North Carolina, with European headquarters in Dublin, Ireland, and manufacturing operations in North Carolina and New Jersey. The company designs and delivers power systems that support real-time load and frequency balancing across behind-the-meter systems and utility-connected energy resources, helping address the power demands of AI data center workloads. Its solutions include proprietary controls software, customized microgrid switchgear and energy storage.

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: the successful integration of UIG; expected expenses related to the integration; the possible diversion of management time on issues related to the integration; the ability of Vertiv to maintain relationships with customers and suppliers of UIG; the ability of Vertiv to retain management and key employees of UIG; and whether Vertiv would realize anticipated synergies and accretion contemplated by the acquisition. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Vertiv Holdings Co

For investor inquiries, please contact:

Lynne Maxeiner

Vice President, Global Treasury & Investor Relations

Vertiv

E lynne.maxeiner@vertiv.com

For media inquiries, please contact:

Ruder Finn for Vertiv

E Vertiv@RuderFinn.com

Expanded Dow collaboration and new Solenis partnership combine thermal infrastructure, fluid health, monitoring and lifecycle services for AI-scale liquid cooling

COLUMBUS, Ohio [October 27, 2026] — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced a global ecosystem offering that brings together an expanded collaboration with Dow, a materials science company and provider of advanced coolant technologies, and a new partnership with Solenis, a provider of specialty chemicals and water treatment solutions, to help operators manage and optimize liquid cooling infrastructure as a single, integrated thermal system. The initiative integrates Vertiv’s infrastructure, monitoring and global service capabilities with fluid chemistry, coolant and water treatment expertise.

As AI workloads drive unprecedented computing densities, liquid cooling is becoming a system-management challenge, not simply a component challenge. Reliability and performance now depend on the entire thermal chain, from heat rejection and chilled water infrastructure through facility and technology cooling loops, coolant distribution, fluid chemistry, filtration, leak detection, monitoring and controls.

“AI is changing liquid cooling from an equipment decision into a system-management imperative,” said Ron Bednar, Senior Vice President of Global and Americas Services at Vertiv. “Operators need to manage thermal infrastructure, fluid health, monitoring and lifecycle service as one interconnected discipline. We believe that managing these complex interdependencies and fluid chemistry together will help operators improve system efficiency and uptime, reduce risk and extend equipment life.”

Vertiv expanded its collaboration with Dow through the Dow Coolant Care Network and initiated a new partnership with Solenis to support end-to-end fluid management and thermal infrastructure services. Integrated with Vertiv’s monitoring and lifecycle capabilities, these offerings help customers maintain fluid quality, address system issues and optimize liquid cooling performance throughout the system lifecycle.

Through this ecosystem, Vertiv, Dow, and Solenis will help customers:

- Design for system compatibility: Optimize cooling systems for maintainability and operational efficiency while ensuring compatibility across fluids, materials and infrastructure components.

- Establish clean, stable systems: Use engineered flushing, precision filling, commissioning and filtration practices to protect cooling infrastructure and maintain system cleanliness.

- Monitor the thermal system: Gain unified visibility into thermal infrastructure through the Vertiv™ Next Predict monitoring and analytics platform.

- Detect and address issues early: Use continuous monitoring and integrated leak detection technologies to support early operational response and improve resilience.

- Continuously optimize performance: Apply advanced analytics, software and data-driven insights to improve efficiency and water utilization.

- Manage fluid health and total cost: Proactively manage fluid chemistry across technical and facility water systems based on system operating conditions to support equipment life and reduce total cost of ownership.

Vertiv integrates thermal infrastructure, fluid health, monitoring and lifecycle services into a unified operating model for high-density liquid-cooled infrastructure.

For more information on Vertiv's end-to-end portfolio of power and thermal management, infrastructure solutions, IT systems and services for critical digital applications, visit Vertiv.com.

About Vertiv Holdings Co.

Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT

Ruder Finn

E Vertiv@RuderFinn.com

In an experimental customer-service use case, Santander improved conversation quality while reducing costs by more than 50%.

Santander establishes a three-year framework for the next phase of collaboration with NVIDIA.

Madrid and Santa Clara (California), October 19, 2026.

Banco Santander today announced a new milestone in their artificial intelligence collaboration with NVIDIA. With support from NVIDIA, the Santander AI Lab has developed new capabilities to evaluate AI models and agents for banking applications, helping identify which model is best suited for each task and deploy it in the most efficient way.

The work is being carried out through Santander AI Lab, which explores and tests emerging AI technologies before broader deployment across the bank. As part of this effort, Santander has been progressively moving from large general-purpose models towards smaller, specialised models designed for specific banking tasks. In selected experimental use cases, this approach has reduced serving costs from around €5 per interaction to approximately €0.03 while maintaining strong performance.

Through the Lab, Santander has built Model Arena to evaluate open-weight models against banking tasks and identify the right model for each workload, and is specialising models using NVIDIA NeMo Customizer. Customer-service comparisons delivered evidence that smaller, specialised models can deliver strong performance on targeted banking tasks. Santander has built specialised intelligence for core banking workloads on NVIDIA Kumo, a family of open-weight foundation models for structured data, allowing companies to quickly turn structured data into predictive insights needed for agentic services.

The Lab is industrialising inference within Santander’s own architecture using NVIDIA Dynamo-Triton, the approach behind the serving-cost reduction above, and is developing Model Arena to design, simulate, evaluate and supervise banking agents, alongside performance engineering and adversarial testing of conversational AI in controlled environments. The goal is to establish a rigorous experimentation path through which emerging AI technologies are optimised and stress-tested against banking requirements before successful capabilities scale across Santander.

Building on these advances, Santander is progressing from open-weight models towards specialised models and governed banking agents designed for greater control, safety and lower operating costs at scale. The collaboration is already delivering measurable results: in an experimental customer-service use case, Santander improved conversation quality while reducing costs by more than 50% through the deployment of a more efficient AI model.

As part of the next phase of the initiative, Santander and NVIDIA have established a three-year collaboration framework covering areas such as foundation models, AI agents, fraud and anti-money laundering capabilities, real-time decisioning and advanced simulation technologies, including a banking digital twin.

Iñaki Bernal, chief artificial intelligence officer at Santander, said: "NVIDIA is a key player in the infrastructure, software and research that is powering the latest advances in artificial intelligence. Combined with Santander's scale across businesses, customers and geographies, we believe we are uniquely positioned to succeed in transforming those advances into practical banking capabilities."

Aser Blanco, Global Banking Lead at NVIDIA, said: “Banking is one of the most data-centric industries. Data sits at the heart of every process and now banks need to become intelligence-centric. Transforming years of data into usable and proprietary intelligence is not about model size, but about training and fine tuning. In this new world, cost per intelligence output is a key metric. Santander is showing what that looks like in production with smaller models, specialised on the bank’s own data, evaluated against real banking tasks and served efficiently enough to run at the scale of a global bank.”

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Underlying business performance

All variations are year-on-year unless otherwise stated.

Banco Santander reported a record underlying profit of €11,176 million in the first nine months of 2026, up 16%. The result was driven by strong customer activity and the continued execution of ONE Transformation, which is delivering efficiency gains and higher revenue. Attributable profit reached €12,405 million, up 20%. This includes a €1.9 billion net capital gain from completing the disposal of Santander Bank Polska in January, partly offset by €666 million in charges, including integration costs associated with TSB and Webster. Underlying results exclude these non-recurring items to give a consistent view of the operating performance.

Santander continued to grow its customer base, adding 17 million customers over the last twelve months to 189 million. This reflects strong commercial momentum across all businesses and the addition of eight million customers from TSB and Webster following the completion of both acquisitions, on 30 April and 20 August, respectively.

The bank continued to improve profitability and create value for shareholders. Underlying return on tangible equity (RoTE) was 16.0% (+1.1 percentage points). Statutory earnings per share (EPS) increased 25% and tangible net asset value (TNAV) plus cash dividend per share increased 11%, reflecting higher profitability and disciplined capital allocation.

Business volumes remained strong. Loans and customer funds (deposits + mutual funds) both increased 16% in constant euros, supported by solid commercial momentum across the global businesses and the incorporation of TSB and Webster. Excluding acquisitions, loans increased 6% and customer funds 8% (deposits +6%) in constant euros. Loan growth was driven by mortgages in Retail, auto lending in Openbank and double-digit loan growth in CIB and Wealth with a focus on capital-efficient growth.

Total revenue increased 8% to €46,807 million. Net interest income increased 10% (+7% excluding M&A) to €34,614 million and net fee income increased 9% (also +9% excluding M&A) to €10,349 million, reflecting higher customer activity, deeper customer relationships and business volume growth across all global businesses. Around 95% of group revenue is linked to customer activity.

Total costs fell 1% excluding TSB and Webster (-2% in constant euros), reflecting continued efficiency gains from ONE Transformation, the group's programme to move to a common operating model built on shared global platforms. Net operating income increased 14% to €26,882 million and the efficiency ratio improved by 2.8 percentage points to 42.6%, supported by structurally lower costs and higher revenue. The group also continued to deploy AI across its businesses at scale. This generated €194 million of business value (higher revenue, lower costs and lower loan-loss provisions) during the year through better customer service, higher productivity and commercial growth.

Loan-loss provisions increased 13% (+10% in constant euros), mainly reflecting broader market trends in Argentina. Excluding Argentina, provisions increased 6% in constant euros, in line with organic loan growth. Credit quality remained solid, with a cost of risk of 1.16%, supported by prudent risk management, diversified exposure and low unemployment levels across the bank's markets. The non-performing loan ratio improved to 2.90% from the previous quarter (-3 basis points) and remains at low levels, with a coverage ratio of 64%.

The CET1 capital ratio stood at 12.7%. Excluding the -147 basis point impact from the Webster acquisition, the ratio increased 14 basis points in the quarter, with 19 basis points of net organic capital generation. Santander remains on track to meet its year-end CET1 target of 12.8% to 13%, at the high end of its 12-13% operating range.

Santander continued to deliver attractive shareholder returns. In September, the board approved an interim cash dividend of 12.70 euro cents per share against 2026 results, 10% higher than its 2025 equivalent, to be paid on 2 November. In August, the bank launched a share buyback programme of up to c.€1.8 billion against H1 2026 results. Total shareholder remuneration against H1 2026 results will be approximately €3,660 million, 8% higher than a year earlier and equivalent to about 50% of H1 underlying profit.

With that programme, Santander will have delivered c.€9 billion towards its plan to distribute at least €10 billion through share buybacks against 2025 and 2026 results and excess capital[4].

Outlook

Santander reiterates all its 2026 targets, which exclude the impact of M&A in 2025 and 2026. These are mid-single-digit revenue growth and lower costs in constant euros, profit above the €14.1 billion reported in 2025, and a CET1 ratio between 12.8% and 13%3. Revenue growth is expected to continue to be supported by customer activity, with net fee income growing faster than net interest income. Cost discipline and ONE Transformation will continue to drive positive operating leverage. Santander also reiterates the three-year plan set out at its Investor Day last February: by 2028, the group targets a RoTE above 20%, profit above €20 billion and more than 210 million customers, supported by scale, network effects and continued improvements in productivity and capital allocation.

We once again delivered strong results in the first nine months, with earnings per share up 25% and growing momentum across the group. We added 17 million customers over the last twelve months, driven by strong commercial activity and the addition of TSB and Webster, while loans and customer funds both increased 16% year-on-year.

Global businesses (9M 2026 vs 9M 2025)

To better reflect the performance of each business, the year-on-year changes provided below are presented in constant euros unless stated otherwise. Variations in current euros are available in the financial report.

Retail & Commercial Banking’s underlying profit grew 12% to €6,445 million, supported by higher activity and net fee income, lower costs (-1% or -5% excluding M&A) and efficiency gains from the bank’s global platforms, which are also improving customer service. Loans grew by 16% (+3% excluding M&A), mainly driven by higher mortgage lending, while deposits increased by 16% (+6% excluding M&A), reflecting strong customer activity across its footprint. ONE Transformation continues to progress at pace, with product digitalization driving digital sales (+19%), the customer interaction platform now deployed in Spain and the global app launched in Uruguay, now live in five countries. RoTE improved to 17.7%.

Openbank, which integrates Santander's global consumer finance businesses and its digital bank, achieved a profit before tax of €2,544 million, excluding UK motor finance provisions, up 13%, supported by revenue growth, mainly driven by higher net interest income, and lower costs. Underlying profit amounted to €1,407 million, affected by the UK motor finance provisions and the end of electric vehicle tax incentives in the US in 2025. The efficiency ratio improved to 40.4%, while cost of risk stood at 2.10%. Loans increased 7% (+3% excluding Webster), driven by auto lending, while deposits increased 37% (+2% excluding Webster), supported by the digital bank.

CIB reported an underlying profit of €2,433 million (+15%), driven by strong revenue growth (+14%) across all business lines, especially in Global Banking and Global Markets supported by continued success of growth initiatives and a diversified business model. The solid execution of the strategy, focused on disciplined capital allocation, drove RoTE to 19.2%, while maintaining a leading position in efficiency.

Wealth Management & Insurance, which comprises the Private Banking and the Insurance & Asset Management Solutions businesses, increased its underlying profit by 19% to €1,651 million, driven by revenue growth on the back of client inflows and the focus on fee-generating activities. Assets under management reached new record levels of €588bn (+11%) thanks to solid commercial activity and market performance, while Insurance’s gross written premiums increased 20% to €10 billion.

Payments, which brings together the group’s digital payment capabilities and provides global technology solutions to Santander businesses and third-party clients, generated an underlying profit of €105 million, more than double the previous year, driven by strong revenue growth (+15%) as it continued to scale its global platforms and expand its integrated payments ecosystem. Getnet’s total payment volume increased 9%, while Getnet Platforms processed 14 billion account-to-account and card transactions, three times more than in the same period of last year. Ebury, Santander's cross-border payments and foreign exchange platform for small and medium-sized businesses, increased its active customers by 25% to 29,500. The EBITDA margin improved by 2.4 percentage points to 34.0%, reflecting the benefits of greater scale and operating leverage.

Banco Santander is one of the world's largest banks, with 186,000 employees, serving 189 million customers, 3.6 million shareholders and a market capitalization of €179 billion at the end of September 2026.

[1] All references to M&A across the press release refer to TSB and Webster.

[2] All figures are year-on-year unless otherwise stated. Volumes (lending, deposits, etcetera) in constant euros. Reconciliation of underlying results to statutory results, available in the ‘Alternative Performance Measures’ section of the financial report at CNMV and at santander.com.

[3] Targets market dependent. Based on macro assumptions aligned with international economic institutions. Targets assuming cost of risk stable. 2026 targets are set excluding Poland, TSB and Webster. CET1 ratio target including all the impacts from inorganic transactions.

[4] Total share buybacks as of 9M’26 including: i) €1.

RESTON, Va. – General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering.

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

- Revenue $14.6 billion, up 12.9% versus prior year

- Diluted EPS $4.49, up 15.7% versus prior year

- $1.7 billion cash from operating activities, 139% of net earnings

- 6.8-to-1 book-to-bill, $220 billion backlog

RESTON, Va. – General Dynamics (NYSE: GD) today reported third-quarter 2026 operating earnings of $1.5 billion, and $4.49 per diluted share (EPS), on revenue of $14.6 billion. Compared with the year-ago quarter, revenue increased 12.9%, operating earnings increased 14.7%, and diluted EPS increased 15.7%. Operating margin of 10.5% was a 20-basis-point expansion from the year-ago quarter.

“Our business had exceptional third quarter results, with revenue growth across all four segments, robust bookings and solid operational performance,” said Phebe Novakovic, chairman and chief executive officer. “With the consistent growth in our backlog and our significant investment in our businesses over the last decade, we are poised to drive continued performance in the years to come.”

Cash and Capital Deployment

Cash provided by operating activities in the quarter totaled $1.7 billion, or 139% of net earnings. During the quarter, the company paid $429 million in dividends, invested $481 million in capital expenditures, and reduced total debt by $500 million. The company ended the quarter with $7 billion in total debt and $4.4 billion in cash and equivalents on hand.

Orders and Backlog

Orders received in the quarter totaled $93.8 billion in the defense segments, driven by large orders in the Marine Systems segment for Virginia- and Columbia-class submarines, and $5 billion in the Aerospace segment, for a total of $98.8 billion. Book-to-bill ratio, defined as orders divided by revenue, was 8.5-to-1 for the quarter for the defense segments, 1.4-to-1 for the Aerospace segment, and 6.8-to-1 on a company-wide basis.

Backlog at the end of the quarter was $220.3 billion. Estimated potential contract value, representing management’s estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $50.4 billion. Total estimated contract value, the sum of backlog plus estimated potential contract value, was $270.7 billion.

About General Dynamics

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

WEBCAST INFORMATION: General Dynamics' financial results conference call will be held on Friday, October 30, 2026, at 9:00 a.m. EDT. A link to the live webcast will be available at www.gd.com and will be available for replay following the call. Corresponding presentation slides will be available for download prior to the call.

This press release may contain forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “forecasts,” “scheduled,” “outlook,” “estimates,” “should” and variations of these words and similar expressions are intended to identify FLS. In making FLS, we rely on assumptions and analyses based on our experience and perception of historical trends; current conditions and expected future developments; and other factors, estimates and judgments we consider reasonable and appropriate based on information available to us at the time. FLS are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. FLS are not guarantees of future performance and involve factors, risks and uncertainties that are difficult to predict. Actual future results and trends may differ materially from what is forecast in the FLS. All FLS speak only as of the date they were made. We do not undertake any obligation to update or publicly release revisions to FLS to reflect events, circumstances or changes in expectations after the date of this press release. Additional information regarding these factors is contained in the company’s filings with the SEC, and these factors may be revised or supplemented in future SEC filings. In addition, this press release may contain some financial measures not prepared in accordance with U.S. generally accepted accounting principles (GAAP). While we believe these non-GAAP metrics provide useful information for investors, there are limitations associated with their use, and our calculations of these metrics may not be comparable to similarly titled measures of other companies. Non-GAAP metrics should not be considered in isolation from, or as a substitute for, GAAP measures. Reconciliations to comparable GAAP measures and other information relating to our non-GAAP measures are included in other filings with the SEC, which are available at investorrelations.gd.com.

Recognition highlights YMX's commitment to creating opportunities, advancing careers, and building an inclusive culture within transportation and logistics

HENDERSON, Nev. – October 13, 2026 – YMX Logistics, a leading national provider of integrated yard logistics, announced today its recognition as a 2026 Top Companies for Women to Work in Trucking by Redefining the Road, the official magazine of the Women in Trucking Association. The annual award recognizes organizations that demonstrate a commitment to supporting gender inclusion, workplace flexibility, and professional growth opportunities throughout the transportation industry.

For the second consecutive year, YMX has received this honor based on a rigorous nomination and review process, along with industry-wide voting that validates participating organizations' commitment to creating positive and inclusive workplace cultures.

"We are pleased to bestow this well-earned recognition to YMX Logistics," said Brian Everett, Group Publisher and Editorial Director of Redefining the Road. "The organization has demonstrated that it places a significant importance on gender inclusion as part of its business strategy and is to be commended for its efforts to advance women in the workplace."

Women play key roles across the entire YMX Logistics organization, including operations, customer success, safety, technology, finance, marketing, and human resources. The company’s investment in ongoing professional development is part of its broader culture built on service excellence, continuous improvement, and accountability.

“Diversity of talent, experience, and perspectives is what makes the YMX team able to drive outcomes for our customers," said Matt Yearling, CEO of YMX Logistics. "This recognition reflects our commitment to creating opportunities for talented people to grow, lead, and build meaningful careers within transportation, logistics, and supply chain.”

The award comes as YMX continues to expand its national footprint and prioritize investments and partnerships focused on helping enterprise shippers modernize yards, optimize networks and create supply chain value.

For the full list of 2026 recipients, visit www.womenintrucking.org.

About YMX Logistics

YMX Logistics is an AI-native 3PL defining the future of integrated yard logistics. Trusted by some of the world's largest shippers, YMX combines technology, people, equipment, and operational expertise through its Autonomous Yard Operating System (YMX OS), helping enterprise organizations improve safety, reduce risk, unlock capacity, and optimize execution across complex distribution and manufacturing networks. From gate and dock management to spotting, shuttling, trailer rentals, and network optimization, YMX helps customers do more with less.

For more information, contact:

Becky Boyd

Mobile: (404) 421-8497

Email: press@ymxlogistics.com

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Gallery: Trunk or Treat

October 28, 2025

Despite a bit of rain, we were thrilled to host Trunk or Treat! Thank you to our all our outstanding vendors and to everyone who participated!

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In anticipation of the upcoming Drive Home, and in honor of the 100th anniversary of the opening of Route 66, this week we opened a refreshed Route 66 exhibition at LeMay – America's Car Museum in Tacoma, WA. The exhibition, which is a longstanding favorite of Museum visitors, received an aesthetic refresh, featuring centennial-themed additions and vehicles that pay homage to the 100th birthday of America’s most famous highway. Throughout 2026, the Route 66 exhibition at ACM will feature films and artifacts from the upcoming Route 66 Drive Home. We are now just a few weeks away from kicking off Route 66’s centennial year with our epic cross-country drive we call The Drive Home. Historically, The Drive Home was created as a partnership between America’s Automotive Trust and the Detroit Auto Show to celebrate driving and keeping cars on the road, each time making the drive "home" to the automotive capital of America – Detroit, Michigan. For the seventh rendition of The Drive Home, we are once again partnered with the Detroit Auto Show, and additionally, the Route 66 Centennial Commission , to make the journey across Route 66 in its entirety in honor of the centennial anniversary. Nine vehicles will make the journey, accompanied by nearly two dozen “privateers,” who will be following our Drive Home convoy in their own vehicles as we make our way across America. Want to cruise with us? CLICK HERE to sign up. Be sure to follow America's Automotive Trust on their social media channels to follow along!

We are thrilled to announce that our new LeMay – America’s Car Museum specialty license plate design has been officially approved by the Washington State Department of Transportation. This marks an exciting milestone for our Museum and for car enthusiasts throughout Washington State. As many of you know, our originally proposed black-and-white “throwback” design was ultimately adopted by the State for its own retro plate series and therefore is not associated with ACM. Because that design is now owned by the State, we were required to create a fully new concept that met their detailed specifications—including color palette, layout, and mandatory design elements. Working through the State’s extensive approval and compliance process, our team developed a new plate that proudly reflects the identity, mission, and bold visual spirit of LeMay – America’s Car Museum. We are excited to share this final, approved artwork with you and hope you are as enthusiastic about the finished design as we are. At this time, we are awaiting confirmation of the official release date for when the plate will be available for order. Once the State provides this information, we will immediately announce it across our communication channels. When the ordering window opens, you will be able to purchase plates directly through the Washington State Department of Licensing website Your purchase of an ACM specialty plate directly supports our 501(c)(3) nonprofit organization, helping us preserve and share America’s automotive story, expand educational programming, and continue honoring the past, celebrating the present, and driving the future of car culture. Thank you for your continued support, passion, and patience as we’ve worked through this rigorous process. We can’t wait to see these plates on the road across Washington and to share this milestone with our entire community of supporters, members, volunteers, staff, and car lovers everywhere.

KUALA LUMPUR, 20 October 2026 – ASEAN Records and ASIA Records recognised nine media partners at the 10th Gather of Achievers – ASEAN Records & ASIA Records Gala Night 2026 at Hyatt Regency Kuala Lumpur at KL Midtown.

The Recognition of Media Partners segment was witnessed by Tuan Yang Terutama Tun Seri Setia Dr. Haji Mohd Ali bin Mohd Rustam, Yang di-Pertua Negeri Melaka, and YB Datuk Mohamad bin Alamin, Deputy Minister of Entrepreneur and Cooperatives Development. Founders Gillian Ooi and Eldrick Koh presented a Certificate of Appreciation to each partner. The segment closed with a group photograph.

The media partners recognised were:

- KOSMO! (Media Mulia): Encik Turmadzi, News Editor

- Utusan Malaysia (Media Mulia): Puan Fauziah Arof, Senior News Editor

- theSun (Sun Media Corporation): Ms Irene Tan, General Manager

- Nanyang (Media Chinese International Limited): Mr Vincent Lee, Chief Executive Officer

- Omnia (Media Prima): Sharanjit Singh, Deputy Group Editor of the New Straits Times

- New Straits Times: Datuk Farrah Naz Abd Karim, Deputy Group Managing Editor, Media Prima Berhad & Group Editor

- Malaysiakini (FG Media): Ms Chia Ting Ting, Chief Executive Officer

- Sinar Daily (Sinar Karangkraf): Ms Noor Shazlina, Group Manager

- Sinar Harian (Sinar Karangkraf): Encik Airol Fadley, General Manager

“A certificate proves an achievement. The media is how the public comes to know about it,” the Founders said. “We thank our media partners for bringing the stories of record holders to readers and viewers across the region, and we look forward to working together on many more.”

About ASEAN Records and ASIA Records

ASEAN Records Sdn Bhd (202301047179) and ASIA Records Sdn Bhd (202501049089) are independent Malaysian record-verification companies founded and led by Eldrick Koh and Gillian Ooi. Both are certified to ISO 9001:2015 by SGS. ASEAN Records recognises achievements across Southeast Asia, and ASIA Records across the Asian continent. To date, they have certified more than 530 records.

ASEAN Records is proud to officially recognise HeyStay Management for achieving:

Most Kids-Themed and Play-Equipped Short-Stay Units Operated by a Single Short-Term Rental Management Company

(83 units fitted with slides, ball pits, arcade machines, pool tables or mini-playgrounds, within a 353-unit managed portfolio across Melaka, Kuala Lumpur and Genting Highlands, as of September 2026)

This recognition highlights HeyStay Management’s achievement in providing family-oriented short-stay accommodation, with 83 specially equipped units designed to offer recreational experiences for children and families across multiple Malaysian destinations.

Creating Family-Friendly Stays with 83 Play-Equipped Units

As of September 2026, HeyStay Management operated 83 kids-themed and play-equipped short-stay units within its portfolio of 353 managed properties across Melaka, Kuala Lumpur and Genting Highlands.

These units feature recreational facilities such as slides, ball pits, arcade machines, pool tables and mini-playgrounds, bringing entertainment and accommodation together within a single stay.

By incorporating play-focused amenities into its managed properties, HeyStay Management offers families an alternative to conventional short-term accommodation, allowing children and parents to enjoy shared recreational experiences during their holidays.

Expanding Short-Term Rental Management Across Three Destinations

Since beginning operations in 2019, HeyStay Management has developed its short-term rental management business from its initial presence in Melaka and Kuala Lumpur.

Its portfolio has since expanded to include Genting Highlands, reaching 353 managed units across the three destinations as of September 2026.

Beyond providing accommodation experiences for guests, the company focuses on delivering practical property management solutions for owners and tenants.

The integration of family-oriented facilities within its portfolio reflects HeyStay Management’s approach to diversifying short-term rental offerings while responding to different guest preferences.

A Milestone Moment of Recognition

The official ASEAN Records certificate was presented on 20 October 2026 at Hyatt Regency Kuala Lumpur at KL Midtown, during the ASEAN Records Gala Night 2026.

The recognition was received on stage by Kim Tan, Founder of HeyStay Management, representing HeyStay Management’s leadership and operational team behind the development and management of its family-oriented short-stay accommodation portfolio.

Voices of Leadership

Reflecting on the achievement, Kim Tan, Founder of HeyStay Management, shared:

“This ASEAN Records recognition is a meaningful milestone for HeyStay Management and reflects our commitment to creating more enjoyable short-stay experiences for families.

From our beginnings in 2019 to managing 353 units today, we have continued exploring ways to bring greater value to property owners while making every stay more memorable for our guests.”

About HeyStay Management

HeyStay Management is a Malaysian short-term rental management company established in 2019, beginning its operations in Melaka and Kuala Lumpur.

The company provides property management solutions for owners and tenants while offering short-stay accommodation across Melaka, Kuala Lumpur and Genting Highlands.

With a managed portfolio of 353 units as of September 2026, including 83 kids-themed and play-equipped properties, HeyStay Management focuses on combining practical accommodation management with family-friendly guest experiences.

For more information, visit:

https://www.heystaymanagement.com