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Flex Announces Collaboration with MIT to Advance the Future of Manufacturing with AI and Automation

1. Flex partners with MIT's Initiative for New Manufacturing as a founding member. 2. Collaboration aims to improve manufacturing efficiency through AI and automation. 3. Research projects will enhance supply chain resiliency and technological advancements. 4. Flex will support educational programs and establish advanced manufacturing labs with MIT. 5. Focus on sustainability and building a stronger U.S. manufacturing base.

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Why Bullish?

This partnership can lead to innovative solutions enhancing Flex's manufacturing capabilities. Historical instances, such as collaborations with tech institutions, typically boost company valuations.

How important is it?

The collaboration with a prestigious institution like MIT signifies potential for innovation and growth, which is vital for stakeholders. The strategic focus on sustainability aligns with industry trends, enhancing Flex’s market positioning.

Why Long Term?

The integration of advanced technology in manufacturing presents ongoing benefits, influencing growth over time. Similar partnerships have proven effective in driving sustained competitive advantages.

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News summary  Flex joins MIT's Initiative for New Manufacturing Consortium as a founding member MIT graduate and PhD students will use artificial intelligence (AI) and automation to address manufacturing and supply chain challenges Anticipated research projects to include supply chain resiliency solutions, improved manufacturing efficiency, and more advanced manufacturing jobs , /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced a strategic collaboration with the Massachusetts Institute of Technology (MIT) on its new Initiative for New Manufacturing (INM) — a bold, Institute-wide effort to reimagine industrial production, drive innovation through advanced technologies, and strengthen U.S. manufacturing competitiveness. “We’re excited to collaborate with companies like Flex that are already shaping the next generation of industry,” said Professor John Hart, Head of the MIT Department of Mechanical Engineering and INM faculty co-director. “This collaboration aligns our shared vision of creating more resilient, human-centered, and technologically advanced manufacturing ecosystems.” MIT's new Initiative for New Manufacturing (INM) is a bold, Institute-wide effort to reimagine industrial production, drive innovation through advanced technologies, and strengthen U.S. manufacturing competitiveness. As a founding member of the INM Industry Consortium, Flex will work closely with MIT researchers, educators, and fellow industry leaders to support cutting-edge projects that apply AI, machine automation, and new system-level approaches to manufacturing. "Flex is proud to collaborate with MIT on this important initiative to shape the future of manufacturing," said Cameron Carr, chief strategy officer of Flex. "Together, we aim to innovate and advance manufacturing by focusing on areas that increase resilience, productivity, and sustainability — while helping to build a stronger industrial base in the U.S. and beyond." The MIT Initiative for New Manufacturing focuses on four core pillars: Reimagining manufacturing technologies and systems Elevating productivity and the human experience of manufacturing Scaling new ventures and resilient supply chains Transforming the global manufacturing base with a focus on sustainability and economic opportunity INM will also establish new labs to develop advanced manufacturing tools and techniques. Through an MIT "factory observatory" program, students will gain hands-on experience by visiting Flex production sites. Separately, Flex will be hosting MIT faculty, researchers and Masters of Engineering (MEng) students at its Sorocaba, Brazil, site, where they will have the opportunity to work with FIT (Flex Institute of Technology), a nonprofit research and development institute focused on developing technological solutions for electronics manufacturing and related end products."We're excited to collaborate with companies like Flex that are already shaping the next generation of industry," said Professor John Hart, Head of the MIT Department of Mechanical Engineering and INM faculty co-director. "This collaboration aligns our shared vision of creating more resilient, human-centered, and technologically advanced manufacturing ecosystems."Learn more about the Initiative for New Manufacturing and Flex's role in shaping the future of global manufacturing at flex.com and inm.mit.edu.About FlexFlex (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.Media Contacts:Media & PressYvette LorenzDirector, Executive Communications and Corporate PR(415) 225-7315[email protected] Investors & AnalystsMichelle SimmonsSVP Global IR & PR(669) 242-6332[email protected]SOURCE Flex WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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