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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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Huawei Peer-Recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure

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3 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — On September 24, 2024, Huawei announced that it has been peer-recognized a 2024 Gartner® Peer Insights™ Customers’ Choice in the Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure thanks to its Xinghe Intelligent Campus offerings. This marks the fifth year in a row that Huawei has received this distinction. Notably, Huawei receives Customers’ Choice distinctions in four of the six customer segments: Midsize Enterprise (50M – 1B USD); Public Sector, Government and Education; Asia/Pacific; and Europe, the Middle East and Africa.

As of June 30, 2024, customers across diverse sectors — including manufacturing, IT services, education, and telecommunication — have reviewed Huawei’s complete Xinghe Intelligent Campus offerings on the Gartner Peer Insights platform. We believe their impressive feedback showed global recognition of Huawei from the industry influence, deployment scales, and mature commercial use perspectives.

“We’re thrilled to be named a Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure again,” said Shawn Zhao, President of Huawei’s Campus Network Domain. “Recently, Huawei launched the newly upgraded Xinghe Intelligent Campus that takes wireless, application, and O&M experience to new levels with AI technologies, ultimately accelerating the digital transformation of enterprises.”

Looking ahead, Huawei will further innovate Xinghe Intelligent Campus offerings from wireless, application, and O&M experience upgrade perspectives, helping all industries stride to the future of experience-centric intelligent campus networks.

For more about Gartner® Peer Insights™ Customers’ Choice, visit: https://www.gartner.com/reviews/market/enterprise-wired-wireless-lan-access-infrastructure 

Disclaimer:

Gartner, Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure, Peer Contributors, 12 September 2024

Gartner, Peer Insights, Magic Quadrant and Customers’ Choice badge are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-peer-recognized-as-a-2024-gartner-peer-insights-customers-choice-for-enterprise-wired-and-wireless-lan-infrastructure-302261793.html

SOURCE Huawei

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“MLOVE” Rangers Speakers to be unveiled at Global Sources Consumer Electronics Show 2024.10

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4 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — MLOVE, announces its participation in the Global Sources Consumer Electronics Show during October 11 to 14, 2024 in Hong Kong. We look very much forward to offering 7 original and pioneering Busking Speakers from MLOVE Rangers Series.

To further expand MLOVE on the global market and have more face-to-face communications with our customers and agents, we are scheduled to attend the Global Sources Consumer Electronics Show.

Come and Join Us at:
Booth No.: Hall1, 1D26
Time: October 11 – 14, 2024
Address: AsiaWorld-Expo • Hong Kong

About Global Sources Consumer Electronics Show

Global Sources Consumer Electronics show, the world’s largest export-centered electronics sourcing trade show, features over 3,100 booths offering a whole host of industry innovations, which cover 9 major product categories including smart wearables, TWS, AR/VR, energy storage, solar energy, and charging stations — all in high demand for the world’s buyers. Aside from their diversity, what these products share in common are strong branding, intelligence, and innovative design.

Introducing 7 New Masterpieces: Rangers Busking Speakers

MLOVE S3 Pro, S1, S5 ,D5, D4, D6, D8 Pro

Three Main Functions In One Speaker  

Playing Music Speaker
Sound is the soul of the speaker. We are committed to shaping the sound characteristics of our own style with deep and dynamic bass, clean and clear vocal, stable treble, bass, vocal, and treble balance so that every note is full of our persistence and passion, bringing users an unprecedented auditory feast.

Karaoke Speaker
Support 2 wireless UHF microphones,
high quality metal housing and cardioid voice collection Microphone
Multi channels timbre adjustment independently, customized your tone

Musical Instrument Amplifier
This function specially developed for musical instrument lovers
Portable size, you can make a street busk with your friends easily
Different musical instruments assigns independent impedance matching tap
Maximizes the musical instrument’s sound

Other Special Features:
100+ Connections Together
Reverse Charging other devices
Wireless/Wired Recording
OTG playing and charging
Wireless/Wired Live Streaming

About MLOVE

Established in 2008, the MLOVE factory is a national high-tech enterprise that integrates ID design, research and development, production, and sales and after-sales service. It is also a specialized and innovative enterprise in the Guangdong Province. MLOVE factory has a modern independent industrial park of 30,000 square meters, strategically cooperated with SMT and injection molding suppliers.

Currently, MLOVE product line includes Rangers Karaoke and musical instrument speaker series, retro home speaker series, and portable outdoor speaker series.

We will continue to pursue excellence and provide customers with higher quality products and services.

Thank you for your attention. We look forward to establishing a long-term and stable cooperative partnership with customers all over the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mlove-rangers-speakers-to-be-unveiled-at-global-sources-consumer-electronics-show-2024-10–302261776.html

SOURCE MLOVE

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Good Media: Two Guinness World Records Set! Shenzhen’s stunning drone show kicks off National Day celebrations

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4 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — On the evening of September 26, Shenzhen hosted a spectacular drone show themed “City of Sky, Maybe Shenzhen” above Shenzhen Bay Park. A total of 10,197 drones took to the sky simultaneously, setting two Guinness World Records: “The most multirotor/drones airborne simultaneously from a single computer (outdoors)” and “The largest aerial image formed by multirotors/drones”.

The drone light show was a breathtaking spectacle. A vast array of drones came together to form a stunning starry sky, making the audience feel as though they were floating in an endless universe. What truly amazed the crowd was the sight of a floating “Sky City” materializing in midair, intertwined with iconic Shenzhen elements like the city’s landmarks, light shows, and scenes of Wing Chun, all symbolizing the limitless future of Shenzhen. Following this, dazzling “cyber fireworks” lit up the night, painting a vibrant picture of Shenzhen as a “City of Miracles, City of Innovation, City of Future”. 

The drones’ kaleidoscopic display in the night sky was not just a technological and visual feast but also a vivid demonstration of Shenzhen’s limitless potential as a “Sky City” for global visitors. 

It is worth noting that this drone show was just the beginning. During the National Day Holiday, Shenzhen will continue the drone performances for seven consecutive days. Daily shows will feature 10,000 drones across five districts in a relay format. 

To welcome global tourists to experience low-altitude tourism, starting from September 23, Shenzhen has been offering special holiday packages for seven consecutive days. This includes 10,000 low-altitude flight experience vouchers, allowing visitors to enjoy helicopter rides and take in the stunning urban landscapes, mountains, and coastal vistas of Shenzhen from above. 

In addition, Shenzhen will host over 300 highlight cultural and tourism activities. It will also offer more than 40,000 discounted attraction tickets, 2,000 free admission tickets, and 1,000 Shenzhen Airlines upgrade vouchers, inviting tourists from around the world to join in this grand autumn tourism celebration.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/good-media-two-guinness-world-records-set-shenzhens-stunning-drone-show-kicks-off-national-day-celebrations-302261779.html

SOURCE Good Media

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