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NAVEE Debuts Consumer-Grade Wing-in-Ground Craft with Global Maiden Flight, Expanding Its Mobility Ecosystem

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SUZHOU, China, June 5, 2026 /PRNewswire/ — NAVEE, a global intelligent outdoor mobility brand, debuted the WaveFly 5X, the world’s first consumer-grade wing-in-ground (WIG) craft. Flying at low altitude above the water’s surface, the WaveFly 5X marks a new step in NAVEE’s global mobility vision, extending its ecosystem beyond land transportation into a new category of low-altitude water mobility. The event also marked an important commercial milestone, with multiple distributors signing letters of intent to introduce the WaveFly 5X across key international markets.

At the debut event on Dong Taihu, NAVEE presented the WaveFly 5X to international media, strategic partners, industry experts, and mobility communities from North America, Europe, the Middle East, and Asia-Pacific. The craft completed a stable low-altitude skim flight and water-surface cruise, elevating NAVEE’s five years of technology development into a new field of mobility.

According to Morgan Stanley, the global low-altitude economy is projected to exceed USD 2 trillion by 2030 and continue expanding rapidly over the next decade. Within such fast-emerging market, water-surface flight stands out as a highly promising application — yet one that has long lacked products built for broader everyday access. The WaveFly 5X is NAVEE’s answer to that gap: a consumer-oriented WIG craft designed to make personal water-surface flight more accessible and turn low-altitude, water-based travel into a new mobility option for more users.

Built with a dual tandem-wing structure and an aerospace-grade carbon fiber body, WaveFly 5X uses ground effect technology to operate above water without a traditional runway. It reaches speeds of up to 85 km/h, supports a maximum load of 140 kg, and delivers up to 80 km of range.

“Mobility innovation should not be limited by terrain or conventional transportation categories,” said Lu Jian, President of NAVEE. “WaveFly 5X marks an important step in bringing water-based, low-altitude mobility for personal use. As NAVEE continues to expand its mobility platform, we remain focused on building intelligent products that help people move and explore more freely.”

The WaveFly 5X debut represents a new milestone in NAVEE’s intelligent mobility journey, as the company builds a connected ecosystem across ground, water, and air. Moving beyond traditional mobility boundaries, NAVEE will continue to explore new forms of intelligent transportation that give users greater freedom in how they move, commute, and experience the world.

Safety Notice: Filmed in a controlled environment. Do not attempt. Always follow local laws and ride responsibly.

View original content to download multimedia:https://www.prnewswire.com/news-releases/navee-debuts-consumer-grade-wing-in-ground-craft-with-global-maiden-flight-expanding-its-mobility-ecosystem-302792478.html

SOURCE NAVEE

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90% of organisations increase AI marketing investments, but only 12% can measure real impact: Comviva Global CMO Survey Report

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NEW DELHI, June 5, 2026 /PRNewswire/ — Even as AI adoption accelerates across marketing functions, most organisations are struggling to prove its business value. Ninety percent of organisations increased their AI marketing investment over the past two years. Only twelve percent can prove it worked. This gap between expectation and actual delivery is the defining challenge of the next eighteen months of marketing leadership. Against this backdrop, Comviva has released its Global CMO Survey Report titled ‘The AI Efficiency Divide: Measuring AI’s Real Value Beyond the Hype,‘examining how marketing leaders are scaling AI while facing pressure to demonstrate tangible outcomes.

The report further underscores gaps in measurement maturity, with only 16% of marketing leaders confident in defending AI investments with clear business evidence, while many continue to rely on approximations. It also reveals limited cost visibility, as 67% of organizations are unable to determine total AI costs and 79% rely on estimates rather than precise measurement, reinforcing the disconnect between investment and measurable impact.

The Accountability Gap No One Planned For

According to the report, a significant disconnect exists between AI deployment and value realization, with most organizations lacking robust measurement frameworks.

While 35% rely on rough estimates, 32% track campaign activity without linking it to revenue outcomes, and 21% lack consistent measurement infrastructure altogether.At the same time, 86% of leadership teams are demanding stronger proof of ROI, increasing pressure on CMOs to justify AI investments with tangible business outcomes.

What’s Blocking AI Measurement?

The report identifies structural barriers that prevent organizations from effectively measuring AI impact.

Cost fragmentation is the biggest challenge, with 62% of organizations struggling as AI expenses are spread across cloud, talent, data, and vendors.In addition, 58% cite revenue attribution complexity, as AI influences multiple touchpoints, making its contribution difficult to isolate.A further 55% report a disconnect between customer experience and revenue, while 50% highlight governance and integration gaps that limit consistent measurement.

Rajesh Chandiramani, Chief Executive Officer at Comviva, said, “AI is rapidly moving from experimentation to enterprise-wide adoption, and the industry is entering a phase where accountability and outcomes will define success. Organisations will increasingly focus on connecting AI investments directly to business metrics—whether it is revenue growth, customer lifetime value, or operational efficiency. The real opportunity lies in building the right measurement frameworks and data foundations that enable this shift. Those who can translate AI from a capability into a consistently measurable business driver will be best positioned to lead in the next phase of digital transformation.”

These findings indicate that AI delivers the strongest impact when applied to use cases linked to revenue generation and real-time decision-making.

Where AI Investment Actually Pays Off

Despite these challenges, certain AI use cases are delivering clear returns.

Customer segmentation and targeting lead, cited by 57% of respondents, followed by campaign automation and optimization at 43%.Predictive personalization and recommendations, highlighted by 41%, are also driving stronger customer engagement.Pricing and offer optimization (39%) and demand forecasting (36%) further contribute to improved decision-making and revenue outcomes.

The Real Cost Equation: Revenue Drivers and Hidden Costs

While organizations are beginning to identify where AI drives revenue, they often underestimate its true cost.

Key revenue drivers include improvements in customer lifetime value (43%), acquisition efficiency (40%), and conversion rates (38%).However, cost visibility remains fragmented, with 62% tracking software and API costs and 56% accounting for cloud infrastructure.Critically, talent and integration costs are often underreported, leaving total AI investments underestimated by as much as 30–50%.

This incomplete view risks overstating ROI and misguiding investment decisions.

Why Promising AI Initiatives Still Fail

The report highlights that many AI initiatives fail to scale due to operational gaps.

Around 54% of organizations struggle to define and track deployment timelines, delaying time-to-value.Meanwhile, 57% are unable to link customer experience improvements to measurable revenue outcomes, and 58% cite challenges around explainability and trust.

These gaps suggest that success depends not just on deploying AI, but on operationalizing it effectively across speed, experience, and governance.

Access the full report here – CLICK

Media Contact: Sundeep Mehta | +91 9910030732 | sundeep.mehta@comviva.com

Logo: https://mma.prnewswire.com/media/995982/5554137/Comviva_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/90-of-organisations-increase-ai-marketing-investments-but-only-12-can-measure-real-impact-comviva-global-cmo-survey-report-302792570.html

SOURCE Comviva

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Sungrow Expands Residential ESS Portfolio with Next-Gen Solution for Reliable Backup Power

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HEFEI, China, June 5, 2026 /PRNewswire/ — Sungrow, the globally leading PV inverter and energy storage system provider, unveiled its next-generation residential energy storage solution, expanding its power range from 5 kW to 12 kW with the introduction of the new MG12RL hybrid inverter.

More Flexibility to Support Different Household Needs

Designed for both solar self-consumption and backup power applications, Sungrow’s residential ESS solution supports a wide range of deployment scenarios, allowing homeowners to tailor their energy strategy according to their preferences and requirements. The solution features the MGRL series hybrid inverter, scalable from 5 kW to 96 kW through parallel operation, and supports flexible battery options including the MGL060, MBL050, MBL120, and MBL160, covering capacities from 5 kWh to 16 kWh and expandable up to 320 kWh for larger residential energy needs.

More Solar Generation, Greater Energy Value

To maximize solar self-consumption and improve overall energy efficiency, the system supports up to 200% PV oversizing capability and 160% maximum output capacity, helping households capture more solar energy throughout the day. Supporting up to 20A input current, the solution is compatible with most mainstream PV modules, providing greater flexibility for both new installations and retrofit projects. Built for demanding climates, the system maintains full power output at ambient temperatures up to 45°C, helping ensure stable solar generation during periods of peak daytime demand. The solution also integrates Sungrow’s patented PID ZERO® technology, which actively mitigates PID effects without disconnecting from the grid, helping preserve long-term PV performance and energy yield.

Reliable Backup and Smarter Energy Management

To strengthen household energy resilience, the system switches to off-grid mode within just 4 milliseconds, enabling seamless backup power during grid outages. The solution also delivers up to 200% overload output for 10 seconds* to support the startup and stable operation of essential household appliances. For easier operation and maintenance, the system features a 4.3-inch full-color touchscreen for intuitive local commissioning and supports setup in less than 30 seconds without internet access. Through the iSolarCloud platform, users can conveniently manage system settings, enabling smarter and more efficient energy management.

“We’ve received very positive feedback from installers regarding the MGRL series,” said JC Carlos, CEO of Evolve Solar in the Philippines. “The plug-and-play design simplifies installation and helps reduce installation errors, while the overall build quality and product design are highly appreciated. Installers are also impressed by the system’s power generation performance, especially its ability to maximize solar harvest even in the Philippines’ hot climate conditions.”

As residential energy needs continue to evolve, Sungrow remains committed to delivering intelligent and future-ready energy solutions that help homeowners maximize solar value, strengthen energy resilience, and achieve greater energy independence.

*The MG12RL supports up to 170% overload output for 10 seconds.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of Dec 2025, Sungrow has installed over 1000 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experiences. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en

Contact:
Wang Luly
luly.wang@sungrow-hq.com 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sungrow-expands-residential-ess-portfolio-with-next-gen-solution-for-reliable-backup-power-302792573.html

SOURCE Sungrow

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CAE announces renewal of normal course issuer bid

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MONTREAL, June 5, 2026 /CNW/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (“CAE”) today announced that it has received regulatory approval to renew its normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 16,073,033 of its common shares commencing June 10, 2026, and ending June 9, 2027.

The maximum number of common shares that may be repurchased under the program represents approximately five percent (5%) of the issued and outstanding common shares of CAE, as of May 29, 2026. The actual number of common shares purchased under the NCIB, the timing of purchases and the price at which the common shares are bought will depend upon management discretion based on factors such as market conditions. As of May 29, 2026, CAE had 321,460,674 common shares issued and outstanding.

Purchases under the NCIB will be made through the facilities of the Toronto Stock Exchange (“TSX”) in accordance with the TSX’s applicable policies or the facilities of the New York Stock Exchange (“NYSE”) in compliance with applicable NYSE rules and policies and U.S. laws, or in such other manner as may be permitted under applicable stock exchange rules and applicable securities laws, including through alternative Canadian and US trading platforms and privately-negotiated, off-exchange block purchases. In the case of off-exchange block purchases, purchases will be at a discount to the prevailing market price in accordance with and subject to the terms of applicable exemptive relief.

TD Securities Inc. (“TD”) has agreed to act as CAE’s designated broker to make purchases of common shares pursuant to the NCIB. CAE has also entered into an automatic repurchase plan (“ARP”) with TD allowing it to purchase common shares under the NCIB when CAE would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed black-out periods. Before entering a black-out period, CAE may, but is not required to, instruct TD to make purchases under the NCIB during such a period based on parameters set by CAE prior to the black-out period in accordance with the ARP, TSX rules and applicable securities laws. All purchases made under the ARP are included in computing the number of common shares purchased under the NCIB. The ARP has been pre-cleared by the TSX and will be implemented and effective June 10, 2026, and will terminate on the earliest of the date on which: (i) the NCIB expires; (ii) the repurchase limit on the NCIB has been reached; (iii) CAE terminates the ARP in accordance with its terms; and (iv) TD terminates the ARP in accordance with its terms. The ARP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws. The price CAE will pay for any common shares will be the market price at the time of acquisition, plus brokerage fees.

During the period that the NCIB is outstanding, CAE does not intend to make purchases of its common shares other than by means of open market transactions or such other means as may be permitted or approved by any applicable securities regulator.

The average daily trading volume of CAE’s common shares through the facilities of the TSX over the last six completed calendar months was 944,026 common shares (“ADTV”). Accordingly, under the TSX rules and policies, CAE will be entitled on any trading day to purchase up to 25% of the ADTV, which totals 236,006 common shares, for the next 12-month period of the NCIB. In excess of the daily repurchase limit, CAE may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not owned directly or indirectly by any insiders, which may exceed such daily limit, in accordance with the TSX rules.

All common shares purchased pursuant to the NCIB will be cancelled.

Under the normal course issuer bid which began on June 10, 2025, and which will expire on June 9, 2026, CAE received approval from the TSX to purchase up to 16,019,294 common shares. As at May 29, 2026, CAE had purchased a total of 565,259 common shares thereunder at a volume-weighted average price of $35.4418 per common share, for total consideration of $20.0 million. Such purchases were effected through the facilities of the TSX and Canadian alternative trading systems.

The NCIB is being established as part of CAE’s capital allocation strategy. The Board of Directors of CAE believes that any purchases made under the NCIB will be in the best interest of CAE and that such purchases will constitute a desirable use of funds that should enhance shareholder value.

Caution concerning forward-looking statements

This press release includes forward-looking statements, including in connection with CAE’s NCIB, ARP and future purchases of common shares pursuant to the NCIB. Since forward-looking statements and information relate to future events or future performance and reflect current expectations or beliefs regarding future events, they are typically identified by words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “likely”, “may”, “plan”, “seek”, “should”, “will”, “strategy”, “future” or the negative thereof or other variations thereon suggesting future outcomes or statements regarding an outlook. All such statements constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.

By their nature, forward‑looking statements require us to make assumptions and are subject to inherent risks and uncertainties associated with our business which may cause actual results in future periods to differ materially from results indicated in forward‑looking statements. While these statements are based on management’s expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that we believe are reasonable and appropriate in the circumstances, readers are cautioned not to place undue reliance on these forward-looking statements as there is a risk that they may not be accurate. The forward-looking statements contained in this press release describe our expectations as of June 5, 2026, and, accordingly, are subject to change after such date. Important risks that could cause such differences include, but are not limited to, those described in CAE’s Management’s Discussion & Analysis for the year ended March 31, 2026.

Specifically, there can be no assurance as to how many shares, if any, will ultimately be acquired under CAE’s NCIB. Except as required by law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information and statements contained in this press release are expressly qualified by this cautionary statement. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. While we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.

Except as otherwise indicated by CAE, forward-looking statements do not reflect the potential impact of any special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may occur after June 5, 2026. The financial impact of these transactions and special items can be complex and depends on the facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way or in the same way we present known risks affecting our business. Forward-looking statements are presented in this press release for the purpose of assisting investors and others in understanding certain key elements of CAE’s NCIB. Readers are cautioned that such information may not be appropriate for other purposes.

About CAE

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defence forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries. For nearly 80 years, CAE has been at the forefront of innovation, consistently seeking to set the standard by delivering excellence in high-fidelity flight simulators and training solutions, while embedding sustainability at the heart of everything we do. By harnessing technology and enhancing human performance, we strive to be the trusted partner in advancing safety and mission readiness–today and tomorrow.

Follow us on: LinkedIn | Facebook | Instagram | YouTube

CAE Contacts:
Media Relations:
Samantha Golinski, Senior Vice President, Communications
+1-438-805-5856, samantha.golinski@cae.com

Investor Relations:
Andrew Arnovitz, Chief Strategy Officer
+1-514-734-5760, andrew.arnovitz@cae.com

View original content:https://www.prnewswire.com/news-releases/cae-announces-renewal-of-normal-course-issuer-bid-302792276.html

SOURCE CAE Inc.

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