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CAE’s SkyAlyne joint venture awarded C$11.2-billion, 25-year contract for Canada’s Future Aircrew Training Program

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MONTREAL, May 29, 2024 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE announced that its SkyAlyne joint venture was today awarded a C$11.2-billion, 25-year contract for Canada’s Future Aircrew Training (FAcT) Program. 

“CAE has proudly worked alongside the Royal Canadian Air Force (RCAF) for more than 75 years to design and deliver training, services, and technologies that support the mission readiness of Canada’s aviators,” said Marc Parent, CAE’s President and Chief Executive Officer. “Today’s announcement regarding the Future Aircrew Training Program is a significant achievement in the ongoing modernization efforts of Canada’s defence forces. FAcT is a transformational win for SkyAlyne and CAE, laying the groundwork for training technologies and processes enabling mission readiness. As an industry leader in civil and defence simulation training and critical operations, CAE is proud to be part of the future of aircrew training to Canada.”

This transformative initiative reimagines training for the RCAF, consolidating three aircrew training operations under SkyAlyne and Canada’s joint management. SkyAlyne, a partnership with KF Aerospace of Kelowna, BC, was selected in July 2023 as the preferred bidder for FAcT after a rigorous process.

The FAcT Program is a significant step forward to prepare Canadian military Pilots, Air Combat Systems Officers, and Airborne Electronic Sensor Operators for tomorrow’s challenges. Under the FAcT Program, SkyAlyne – in collaboration with the RCAF – will design, develop, and deliver a comprehensive training and support system, including live flying, simulation, ground school training, and a suite of in-service support functions.

Centrally managed from Ottawa, the FAcT Program will revamp and expand upon current training services currently provided by CAE and KF Aerospace, with operations set to continue at 15 Wing Moose Jaw, Southport (Portage la Prairie) and 17 Wing Winnipeg. The program includes the establishment of a complete training enterprise at all three operating locations helping ensure the RCAF maintains the highest standards of excellence and innovation.

A photo is available at CAE’s Multimedia Centre.

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.

Read our FY23 Global Annual Activity and Sustainability Report.

About SkyAlyne

Truly Canadian Training | SkyAlyne brings together two Canadian companies with unmatched experience and capabilities in delivering innovative pilot and aircrew training in Canada. Currently, CAE and KF Aerospace deliver all phases of pilot training to the Royal Canadian Air Force (RCAF) through the NATO Flying Training in Canada (NFTC) program managed by CAE, and the Contracted Flying Training and Support (CFTS) program managed by KF Aerospace. Website.

About Future Aircrew Training (FAcT)

The Future Aircrew Training (FAcT) Program combines Royal Canadian Air Force (RCAF) pilot and aircrew training. Website

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

Trade Media:
Wendy Stough, Director, Marketing and Communications,+1-813-233-6409, wendy.stough@caemilusa.com

View original content:https://www.prnewswire.com/news-releases/caes-skyalyne-joint-venture-awarded-c11-2-billion-25-year-contract-for-canadas-future-aircrew-training-program-302158406.html

SOURCE CAE Inc.

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SellYourWay.org Publishes Expert Insights on How to Handle Partner Conflicts in Small Business Sales

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INDEPENDENCE, Ohio, April 28, 2026 /PRNewswire/ — Today, SellYourWay.org is pleased to announce the publication of, Handling Partner Conflict When Selling Your Business. In this new, exclusive article, Chris Springfield, CBI, CMAA, PMP, Realtor® shares actionable insights on how partner dynamics play a crucial role in shaping the outcome of a small business sale. Chris is the Founder and Principal at Springfield Strategies. SellYourWay.org is an online platform dedicated to the education of small business owners about the business sales process. The site is powered by the International Business Brokers Association® (IBBA) — the largest international, not-for-profit association for Business Brokers.

 

Partner conflict is common during the business sale process. When expectations and differences are not communicated, conflicts can turn acrimonious and disrupt even the strongest deals.

The article explains:

Common Triggers for Partner ConflictsHow Conflicts Can Damage the Sale ProcessSteps to Mitigate and Resolve the Conflict

“Your next chapter in life starts with strategy, specialized guidance and the right deal team in place. Our mission at SellYourWay.Org is empowering small business owners to make informed decisions and get the best results. Professional Business Brokers help sellers prepare for the sale of their businesses and manage the entire process to a successful close — so owners can achieve their personal and financial goals.” – Emily Bowler, Executive Director, IBBA

Get these actionable insights on SellYourWay.Org.

About SellYourWay.Org
The mission of SellYourWay.org is to educate small business owners and the general public about the business sales process and the services that Business Brokers provide. The resources available on the site provide information to help business owners prepare for the successful sale of their businesses.

About the International Business Brokers Association®
Formed in 1984 and with nearly 3,000 members, the International Business Brokers Association® (IBBA) is the largest international not for profit association for Business Brokers. The association provides Business Brokers with education, free benefits, conferences, professional designations, support programs and networking opportunities, and awards the Certified Business Intermediary (CBI)® designation to qualifying Business Brokers. To learn more, contact the IBBA directly at admin@ibba.org.

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SOURCE Sell Your Way

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Grundfos Pumps India Receives Frost & Sullivan’s 2026 Indian Company of the Year Recognition for Leadership in Sustainable Pumps for Industrial Water

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The recognition highlights Grundfos Pumps India’s market leadership in sustainable pumps, industrial water management, and energy-efficient pumping solutions driven by digitalization and water stewardship.

SAN ANTONIO, April 28, 2026 /CNW/ — Frost & Sullivan is pleased to announce that Grundfos Pumps India Pvt. Ltd. has received the 2026 Indian Company of the Year Recognition in the Sustainable Pumps for Industrial Water category for its outstanding achievements in sustainability-led innovation, strategy execution, and measurable customer impact. This recognition underscores the company’s consistent leadership in advancing energy-efficient pumping systems, strengthening its position in India’s industrial water market, and enabling customers to manage water and energy more responsibly in an increasingly resource-constrained environment.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Grundfos Pumps India excelled in both dimensions, demonstrating a clear ability to align long-term strategic priorities with evolving industrial demand while executing them with discipline, scalability, and consistency. Emphasizing the perspective shared in the assessment, Fredrick Royan, Associate Partner, Sustainability at Frost & Sullivan, said, “Grundfos Pumps India is positioned to shape the next phase of industrial water pumps by combining technological ambition with verifiable sustainability outcomes, transforming water management into a strategic driver of national progress and competitive differentiation.”

Guided by a long-term growth strategy centered on sustainability, digitalization, and application-centric engagement, Grundfos Pumps India has demonstrated strategic agility in adapting global engineering expertise to local industrial realities. The company’s sustained investment in smart pumping technologies, variable-speed solutions, and data-enabled system optimization has allowed it to scale effectively across high-growth industrial sectors in India, including manufacturing, food and beverage, pharmaceuticals, mobility, semiconductors, and energy-intensive process industries.

Innovation remains integral to Grundfos Pumps India’s approach to the industrial water ecosystem. Its comprehensive portfolio of sustainable pumps, pump systems, digital controls, and smart filtration solutions addresses the full lifecycle of industrial water management, from intake and treatment to reuse and discharge. By enabling demand-based pumping, advanced monitoring, and adaptive control, these solutions help customers reduce energy consumption, lower operational costs, and improve system reliability.

“India’s industrial transformation will be defined by how intelligently we manage water. At Grundfos, we see technology not just as an enabler, but as a catalyst for a more resilient and resource‑positive future. By combining advanced pumping intelligence with data‑driven water management, we are empowering industries to move beyond incremental efficiency and embrace system‑level sustainability that safeguards both operational continuity and long‑term competitiveness,” said Shankar Rajaram, Head of Sales, IND Division at Grundfos Pumps India.

Grundfos Pumps India’s emphasis on customer experience reinforces its leadership in sustainable pumps for industrial water. The company supports customers through digital services, optimization programs, repair and lifecycle services, and transparent engagement models that allow users to validate performance before and after deployment. Its application-driven methodology, combined with localized sales and service support across India, enables long-term partnerships built on trust, reliability, and measurable outcomes rather than stand-alone product transactions.

Frost & Sullivan commends Grundfos Pumps India for setting a high benchmark in competitive strategy, execution excellence, and market responsiveness. The company’s ability to integrate smart pumping, digital platforms, renewable energy alignment, and water stewardship is shaping the future of industrial water management in India and delivering tangible economic and environmental value at scale.

Each year, Frost & Sullivan presents the Company of the Year Recognition to an organization that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market performance, customer value, and competitive positioning. The recognition highlights organizations that are redefining industry standards through innovation, excellence in growth, and long-term impact.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognition honors companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

About Grundfos
Grundfos Pumps India Pvt. Ltd. (Grundfos India) is a 100% subsidiary of Grundfos – Denmark. A global leader in advanced pump solutions and a trendsetter in water technology, the company manufactures more than 16 million pump units annually. The company’s main products include circulator pumps for heating and air-conditioning, as well as other centrifugal pumps for the industry, water supply, sewage, and dosing. The company contributes to global sustainability by pioneering technologies that improve the quality of life for people and care for the planet.

Find out more: http://www.grundfos.com/in

For more information
Please contact: 
Giridhar Raisom | Grundfos
Email: giridhar@grundfos.com
Mobile: +919150071496

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SOURCE Frost & Sullivan

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Amber Premium FZE Secures Virtual Asset Service Provider License from Dubai’s VARA

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DUBAI, UAE, April 28, 2026 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” the private banking-grade digital wealth management platform of Amber Group serving high-net-worth individuals and leading institutions, today announced that its Dubai subsidiary, Amber Premium FZE, has received a Virtual Asset Service Provider (VASP) License from Dubai‘s Virtual Assets Regulatory Authority (VARA).

The VASP License grants Amber Premium the authority to commence operations and to offer three regulated activities in and from the Emirate of Dubai, including virtual asset (VA) Broker‑Dealer Services, VA Management and Investment Services, and VA Lending and Borrowing Services for global institutional and qualified investors as defined under VARA’s rulebooks.

“Receiving the VASP License from VARA is a milestone in our long-term roadmap for the region. We are deliberate in pacing our expansion with the evolution of global governance,” said Michael Wu, CEO and Chairman of the Board, Amber Premium. “This authorization accelerates our mission to provide institutional-grade digital wealth infrastructure to our clients in the UAE. We remain committed to a compliance-first architecture, ensuring that our growth contributes directly to the integrity and safety of the local financial ecosystem.”

Established under Dubai Law No. 4 of 2022, VARA is the world’s first independent regulator for virtual assets, overseeing the development and supervision of virtual asset activities across the Emirate. The authority plays a pivotal role in shaping Dubai‘s advanced regulatory environment—one that sets global benchmarks for market integrity, investor protection, industry governance, and innovation-driven growth.

About Amber International Holding Limited

Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” is a global leading digital wealth management platform. As a private banking grade expert in digital wealth management and a subsidiary of Amber Group, Amber Premium is a trusted partner to high-net-worth individuals and leading institutions, delivering institutional-grade market access, execution infrastructure, and investment solutions. The firm is set to redefine the digital wealth management landscape, serving as a proven Nasdaq-listed gateway to digital assets. Learn more at www.ambr.io.

Media Contacts

Amber International Holding Limited
E-mail: pr@ambr.io

View original content:https://www.prnewswire.com/news-releases/amber-premium-fze-secures-virtual-asset-service-provider-license-from-dubais-vara-302754090.html

SOURCE Amber International Holding Limited

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