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CAE announces Chief Financial Officer transition

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MONTREAL, July 25, 2024 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Company) today announced that Sonya Branco, Executive Vice President, Finance and Chief Financial Officer (“CFO”), has advised the company of her intention to step down from her position at the end of August to pursue interests outside of CAE. As part of CAE’s succession plan, Constantino Malatesta, Chief Accounting Officer and Vice-President, Controller Office, will become interim CFO following Ms. Branco’s departure. A process is underway to identify and select a permanent CFO, and Ms. Branco will continue in a support capacity to ensure a seamless transition.

Ms. Branco has been CAE’s Executive Vice President, Finance and CFO since 2016. She joined CAE in 2008 and was appointed to the role of Vice President and Corporate Controller in 2011.

During her tenure, Ms. Branco was instrumental in the transformation of CAE into the world’s largest civil aviation training provider, which — combined with Defense & Security — makes CAE a company with highly recurring sources of revenue and cash flow. She presided over a period of significant expansion involving more than 20 acquisitions and their integration. Ms. Branco also planned and executed a capital allocation strategy, balancing accretive growth with maintaining a strong financial position and investment grade profile that allowed CAE to successfully navigate the COVID pandemic and beyond.

“On behalf of myself, CAE’s Board of Directors, and the entire executive management team, I wish to express my sincere appreciation to Sonya for her numerous contributions to CAE’s success over the last 17 years,” said Marc Parent, President and Chief Executive Officer. “Sonya led CAE’s finance organization through a period of significant growth and reached many important milestones. We have benefitted greatly from Sonya’s stewardship, her insightful mentorship of her colleagues, and her deep commitment to the Company. We wish Sonya the very best in her future endeavours.”

Added Mr. Parent, “Constantino has worked closely with Sonya for many years, and he has a deep knowledge of CAE’s business and an extensive background in finance that will provide continuity and stability at CAE. I have full confidence in Constantino’s ability to oversee the Company’s financial operations and strategy as we move forward with our selection process for the permanent CFO role, for which we will consider both internal and external candidates.”

Mr. Malatesta was appointed CAE’s Chief Accounting Officer and Vice-President, Controller Office, in 2022. Before that he was Vice President, Finance and Corporate Controller (2016-2022), Global Head of Finance, CAE Oxford Aviation Academy (2014-2016), and Director, Finance and Assistant Corporate Controller (2011-2014). He joined CAE in 2006 as Manager, Accounting Standards. Mr. Malatesta is a Chartered Professional Accountant and U.S. Certified Public Accountant. He obtained a Bachelor of Commerce Degree and a Graduate Diploma in Accounting from Concordia University in Montreal. 

About CAE

At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.

CAE Contacts: 

General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com 

Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management, +1-514-734-5760, andrew.arnovitz@cae.com

View original content:https://www.prnewswire.com/news-releases/cae-announces-chief-financial-officer-transition-302207101.html

SOURCE CAE Inc.

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American Pipelining Supplies (APS) Expands Offerings as Authorized U.S. Sales, Training, and Support Provider for IMS Robotics

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ANDERSON, S.C., Nov. 15, 2024 /PRNewswire/ — American Pipelining Supplies (APS), a prominent supplier of trenchless pipeline renewal and repair solutions, proudly announces a strategic partnership with IMS Robotics. This partnership makes APS the leading provider of sales, training, services, and after-sales support for IMS Robotics, in the United States. Through this collaboration, APS is poised to elevate the standard for trenchless repair by bringing IMS’s world-class robotic technology to professionals across the nation.

APS, known for its unwavering commitment to quality and innovation, will now serve as the central hub for IMS Robotics’ state-of-the-art robotic solutions, which are designed to enhance efficiency and precision in pipeline rehabilitation. As part of this new partnership, APS will offer hands-on training, expert consultation, and dedicated after-sales support to ensure clients have everything needed for successful project implementation and maintenance.

“With our new role as the U.S. sales, and support provider for IMS Robotics, we’re excited to bring this innovative technology directly to our clients and equip them with the resources to succeed,” said Jake Saltzman – CEO of American Pipelining Supplies. “IMS Robotics’ advanced systems perfectly align with our goal of providing comprehensive trenchless solutions that improve accuracy, safety, and operational ease. Our expanded offerings mean that our customers will have direct access to cutting-edge robotic tools with training and support at every step.”

APS will conduct expert-led training programs tailored to optimize the performance of IMS’s robotic systems in the field. Additionally, APS’s dedicated service and after-sales team will support pipeline professionals with maintenance, troubleshooting, and upgrades, ensuring smooth operation and maximizing the return on investment.

“Since 1992, IMS Robotics Group has been a pioneer in developing innovative and practical solutions in modern environmental technology. As a leading global manufacturer of specialized equipment for sewer cleaning and rehabilitation, we are proud to be recognized as market leaders in house connection and main sewer milling machines. When selecting a distributor and partner to represent our products, we take great care in choosing organizations that share our commitment to quality, customer service, and industry expertise,” says Steve Webster – Managing Director of IMS Robotics USA. “In an industry where quick and reliable responses to customer needs are critical, we are proud to announce our partnership with American Pipelining Supplies (APS). Jake and his team at APS have consistently demonstrated unparalleled knowledge, dedication, and a strong understanding of our industry. Their reputation for excellence and reliability makes them an ideal partner to represent the IMS Robotics product line in both sales and service. We are excited to collaborate with APS and look forward to a long and prosperous relationship, delivering world-class solutions to meet the evolving needs of our customers.”

Through this collaboration, APS and IMS Robotics are positioned to redefine the landscape of trenchless repair, combining cutting-edge technologies with hands-on, customer-focused support. With this APS and IMS Robotics partnership, pipeline renewal and repair professionals can expect an unprecedented level of access to tools and expertise that drive efficiency and success in every project.

About American Pipelining Supplies:
Based in South Carolina, American Pipelining Supplies is a leader in the pipelining supply industry, delivering high-quality trenchless repair and pipe renewal solutions and now specializing in robotic technologies, sales, training, and support. Learn more about APS.

About IMS Robotics:
IMS Robotics is an internationally recognized innovator in robotic systems for pipeline rehabilitation, delivering robust and adaptable robotic solutions that are designed to maximize efficiency and precision in the pipeline renewal industry. Learn more about IMS.

Media Team
Public Relations
BRANDefenders Media
media@brandefenders.com

This release was issued through WebWire®. For more information, visit http://www.webwire.com.

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SOURCE American Pipelining Supplies

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Learnologyworld Launches “Pay Later” Option and Expands Online Courses

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This move will help Learnologyworld remove financial barriers to IT certification and skill development and provide immediate access to materials with payments deferred.

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Learnologyworld, a leading provider of affordable certification training, announces the launch of its “Pay Later” payment option. The company has also expanded its range of online courses to meet the growing demand for IT certifications. The “Pay Later” option offers students the flexibility to receive training materials immediately and pay after two days via PayPal. This ensures that learners can advance their careers even when they don’t have immediate access to funds. The goal is to provide an essential support system for learners facing financial barriers, particularly in today’s uncertain economic climate.

As job requirements in technology become more strict, IT certifications have become a vital asset to the workforce. Studies show that certified IT professionals earn, on average, 30 percent more than their non-certified peers. Certifications serve as an industry standard, providing proof of expertise to potential employers, particularly for individuals without formal degrees.

In addition, the online learning industry is projected to grow by over nine percent year over year. This flexibility and accessibility of digital platforms have made professional development attainable for individuals balancing commitments to work, family, and study. Learnologyworld’s online courses for the aforementioned IT certifications help meet those needs through a self-paced, flexible approach to certification preparation. The courses cover programming, network management, cybersecurity, and much more.

“Certifications aren’t something you just add onto your resume. They’re essential credentials for people who want to establish or advance their careers in IT,” said Manuel End, co-founder and CEO of Learnologyworld. “Our ‘Pay Later’ option helps make sure that anyone with the drive to learn can access quality education.”

Emma Müller, chief technology officer at Learnology, added, “We’re constantly looking for ways to make learning more affordable and accessible. Online learning has become one of the top ways for job seekers and full-time employees to work around their busy schedules, and our new courses will help make the most in-demand skills more accessible to those individuals.”

Learnologyworld also offers interactive study guides and personalized exam vouchers for certifications offered by renowned brands like CompTIALPICWNPPython Institute and ISQTB. The vouchers allow students to purchase a code online and then redeem the code at an authorized testing center to take a certification test, simplifying the process of paying for tests and identifying legitimate testing centers.

About Learnologyworld

Learnologyworld is an educational platform dedicated to affordable and accessible IT certification training. Through an array of online courses, study guides, and practice exams, Learnologyworld helps aspiring IT professionals achieve their career goals. The company’s focus on flexibility and affordability has made it a trusted partner for learners around the world.

Press Contact:

Bella Rose
7402177670
https://www.learnologyworld.net/

View original content to download multimedia:https://www.prnewswire.com/news-releases/learnologyworld-launches-pay-later-option-and-expands-online-courses-302307516.html

SOURCE Learnologyworld

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GW Allen acquires Gage Western and Allen Measurement Services

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WACO, Texas, Nov. 15, 2024 /PRNewswire/ — GW Allen, LLC (“GW Allen” or the “Company”) announced today it has entered into two separate definitive agreements to acquire 100% of the equity interests of Gage Western, LLC and Allen Measurement Services, LLC. The acquisitions position GW Allen as one of the largest third-party meter proving service companies in the United States. Kevin Fields, a proven veteran in the measurement industry, will lead the new Company as its CEO.

Mr. Fields noted, “We are excited to announce the acquisition of two high-quality meter proving companies. These acquisitions create a larger network of measurement equipment to better serve the needs of our customers across the United States. With the quality processes of Gage Western and the customer service of Allen Measurement Services, GW Allen will strive to deliver excellence in all aspects of the measurement business.” 

GW Allen Chairman, Coleman Curry, added, “These acquisitions mark our first step in establishing a significant presence within the measurement industry. We will seek to organically expand our services offerings to include a variety of additional measurement services, including lab analysis, calibrations and software services.”

About GW Allen
GW Allen operates 15 custody transfer provers, four allocation provers and a flow loop in Midland, Texas. Headquartered in Waco, Texas, the Company employs 25 people and has plans to expand its position in the measurement sector throughout the United States. Our motto is — Excellence. Measured.

About Mr. Kevin Fields
Mr. Fields began his measurement career at Coastal Flow Measurement in 1984 where he helped grow the company from one (1) prover in 1989 to 35 provers and 55 employees in 2018 at which time the company was sold. After the successful sale, Mr. Fields served as an executive of Flow Measurement Devices, or FMD, from 2018 to 2022. Most recently Mr. Fields has supported e9 Treatments movement into the midstream industry. Mr. Fields is regarded as one of the most influential measurement executives in the industry having introduced the first portable small volume prover (Synctrak) and publishing many papers on measurement services including: Operational Experiences of Small Volume Prover, Master Meter Water Prover Calibration, and Pycnometers and Densitometer Operations.

Contact:
Mr. Kevin Fields
Chief Executive Officer
GW, Allen, LLC
Kevinfields@gw-allen.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/gw-allen-acquires-gage-western-and-allen-measurement-services-302307540.html

SOURCE Donovan Ventures

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