Flex Partners with Cap Vista to Promote Startup Ecosystem in Singapore

SINGAPORE,July 18,2019 -- Flex(NASDAQ: FLEX)and Cap Vista today announced a joint partnership to develop and advance hardware technology startups in Singapore. This partnership will see Cap Vista refer key startups to Flex for admission into Flex's Advanced Incubation Center (AIC) program at itsChangi,Singaporefacility. Flex will support select startups with prototyping,engineering and manufacturing services.

Flex signs MOU with Cap Vista at the Flex Advanced Incubation Centre,Changi. From Left: Jacob Kanianthara,VP Operations,Southeast Asia at Flex,Alvin Low,General Manager,Flex Changi,Chng Zhen Hao,CEO,Cap Vista and Quek Gim Pew,Chairman,Cap Vista.

"We are excited to partner with Cap Vista to fuel innovation and entrepreneurship in Singapore," said Jacob Kanianthara,vice president of operations in South East Asia at Flex. "Our highly-skilled engineering team and state-of-the-art technology development capabilities provide startups the access to hardware technology,facilities,manufacturing resources and expertise needed to scale their business. Flex offers critical hardware and software ecosystem to enable fast-track innovation and production while mitigating product development risk."

"The deep-tech startups that Cap Vista invests in and works with often require prototyping and manufacturing of hardware components. Our partnership with Flex,coupled with Cap Vista's strong industry linkswill help our portfolio startups scale their business," said Chng Zhen Hao,CEO Cap Vista.

About Flex Ltd.

Flexis theSketch-to-Scale® solutions provider that designs and builds intelligent products globally. With approximately 200,000 employees across 30 countries,Flex provides innovative design,engineering,manufacturing,real-time supply chain insight and logistics services to companies of all sizes across industries and markets. For more information,visit flex.comor follow us on Twitter @Flexintl.

About Cap Vista Private Limited

Cap Vista Private Limited is the strategic investment arm of the Defence Science and Technology Agency. Cap Vista's mission is to identify and make strategic venture investments in local and overseas emerging and early-stage companies that develop cutting-edge technologies. Cap Vista brings value by opening doors to its extensive network of partners,both locally and overseas,as well as other Singapore government agencies. For prospective companies focused on commercial markets,Cap Vista helps to identify the dual-use potential of their cutting-edge technologies.

For further information visit:www.capvista.com.sg

Photo - https://photos.prnasia.com/prnh/20190718/2528474-1?lang=0