Bombardier Challenger 3500 Business Jet Makes European Debut at EBACE 2023

Bombardier’s Challenger 3500 Business Jet

Bombardier Challenger 3500 Business Jet Makes European Debut at EBACE 2023

  • The Challenger 3500 business jet, which will be on display at the European airshow, offers customers in the region a preview of Bombardier’s eco-design vision
  • The Challenger 3500 aircraft boasts the first eco app* solution available in business aviation, optimizing flight plans for a reduced environmental footprint
  • Passengers benefit from the ultimate cabin experience, with striking interior design, the widest cabin in its class, the renowned Nuage seat and the highly reliable Iridium Certus connectivity

GENEVA, May 22, 2023 (GLOBE NEWSWIRE) — Bombardier will debut the award-winning Challenger 3500 business jet to the European market, as all gather at the 2023 European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland. The Challenger 3500 aircraft, which entered service in September 2022, is showcased in grand style alongside the industry’s flagship, the Global 7500 aircraft, and a stunning Certified Pre-Owned Challenger 605 aircraft also making its debut.

The latest evolution in the Challenger lineage is a tangible gateway to Bombardier’s eco-design vision. In the cabin, the Challenger 3500 aircraft boasts a high-end product design by proposing a selection of innovative, sustainable materials that minimize the impact on the environment. The Challenger 3500 also joins the Global 5500, Global 6500 and Global 7500 aircraft in standing alone as the only business jets in the industry to carry an Environmental Product Declaration (EPD), offering trustworthy, thorough and transparent views of their environmental footprint.

“European customers will be able to feel for themselves the high quality that is standard for our aircraft – such as in experiencing Bombardier’s illustrious Nuage seat – all while finding unique design options that are genuinely more sustainable,’’ said Jean-Christopher Gallagher, Executive Vice President, Aircraft Sales & Bombardier Defense, Bombardier. “We are very proud to open the door of the Challenger 3500 aircraft to our European customers for the very first time. This top-of-the-line aircraft demonstrates that exceptional comfort, ultimate performance and lower environmental footprint can go hand in hand.’’

The stunning aircraft interior offers a host of new technologies, including the recently announced Iridium Certus connectivity, the industry’s first voice-controlled cabin, wireless chargers throughout the cabin, and the only 24-inch, 4K displays in its class. Thanks to its perfectly crafted cabin experience, the Challenger 3500 aircraft has received multiple accolades, including the Best of the Best honor at the prestigious Red Dot Awards for Product Design in 2022.

In the flight deck, the Challenger 3500 aircraft has more baseline features than any of its competitors, with a standard auto-throttle system to further enhance the experience for Challenger pilots. The introduction of the first eco app* solution in business aviation also enables optimized flight plans, which help operators save fuel and reduces the aircraft’s environmental footprint.

Beyond its exceptional features, reliability remains the Challenger family’s landmark. With over 890 business jets of the Challenger 300 series in service worldwide, totaling more than 3.6 million flight hours and more than 2.1 million landings, this iconic aircraft family is known for its proven reliability and excellent safety record.

About Bombardier

Bombardier (BBD-B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special-mission roles leveraging Bombardier Defense’s proven expertise.

Headquartered in Greater Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Challenger, Challenger 300, Challenger 3500, Challenger 605, Global, Global 5500, Global 6500, Global 7500 and Nuage are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

* Subject to availability. Subscription fees may apply. eWAS Pilot with OptiFlight® is a solution from SITA.

Visuals related to Bombardier’s announcements at EBACE are available here.

For Information

Marie-Andrée Charron
Bombardier
+1 514-441-2598
marie-andree.charron@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b266ad7d-f3d2-4796-a4da-658366a9c609

GlobeNewswire Distribution ID 8843597

Bombardier Achieves Important Milestones on EcoJet Research Project, Continues Industry-Defining Work Toward Sustainable Aviation

Bombardier’s EcoJet Research Project

Bombardier’s EcoJet research project aims to develop and mature technologies to support a sustainable future for business aviation.

  • Bombardier successfully completes initial flight testing phase on the EcoJet research project, using a model of a blended-wing-body aircraft.
  • The subsequent phase of testing, focusing on flying a larger scaled model, is well underway.
  • The EcoJet research project aims to develop and mature technologies to support a sustainable future for business aviation.

GENEVA, May 22, 2023 (GLOBE NEWSWIRE) — Bombardier presented the progress made on its EcoJet research project, a research platform that aims to develop technologies with the goal of reducing aircraft emissions through a combination of advanced aerodynamics and propulsion enhancements. After several years of research, the organization successfully completed its first phase of testing with a small-scale model of a blended-wing-body aircraft, representing approximately 7% of a large business jet. Bombardier is now building on the significant knowledge acquired to engage in a second phase of testing with a model twice as large, and which completed its first flight last year to pave the way for this next test campaign.

“Bombardier has taken a leadership position in the industry’s efforts to reduce its environmental footprint, and the EcoJet research project is paramount to developing the technologies that will bring us toward the goal of net zero emissions by 2050,” said Stephen McCullough, Senior Vice President of Engineering and Product Development. “We are very pleased to see the highly engaging results yielded so far and to continue our trailblazing work as we kick off the next phase of this game-changing research project. The EcoJet research project has garnered a high level of interest across the industry, and we are looking forward to mobilizing partners as we continue to define the future of business aviation.”

Bombardier’s team noted highly positive results during the design optimization loops and initial flight test campaign. Those include the deployment of a next-generation Product Lifecycle Management (PLM) platform, the confirmation of a sixth-generation transonic wing modeling capability, and the demonstration of a new aircraft control architecture.

This research and technology project aims to reduce aircraft emissions by up to 50% through a combination of aerodynamic and propulsion enhancements. Renowned for its leading expertise and ingenuity, Bombardier created the EcoJet research project to develop and mature powerful technologies to leverage in future projects, as part of its firm commitment to a sustainable future for business aviation.

On top of its comprehensive EcoJet research project, Bombardier has taken several actions as part of its roadmap toward sustainable aviation. In the last three years, Bombardier published Environmental Product Declarations (EPD) for its Challenger 3500, Global 5500, Global 6500 and Global 7500 aircraft. These extensive declarations are the result of years of scientific efforts and are meant to act as tools for the aviation industry to drive sustainable innovations across its activities spectrum. Bombardier is also using Sustainable Aviation Fuel (SAF), at a 30% blend, to cover the totality of its flight operations, utilizing the Book-and-Claim system. The initiative will create a significant gain by reducing the annual greenhouse gas emissions associated with fuel used in Bombardier’s flight operations by approximately 25%.

About Bombardier

Bombardier (BBD-B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special-mission roles leveraging Bombardier Defense’s proven expertise.

Headquartered in Greater Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Learjet, Challenger 3500, Global 5500, Global 6500 and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Visuals related to Bombardier’s announcements at EBACE are available here.

For Information

Christina Lemyre McCraw
Manager, Public Relations and Communications
Bombardier
+1 514 497 4928
christina.lemyremccraw@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55113615-49ee-4b0b-9513-b2cc1e82c97c

GlobeNewswire Distribution ID 8843576

Bombardier’s Certified Pre-Owned Aircraft Program Continues to Flourish, Showcases Pristine Challenger 605 Aircraft at EBACE 2023

Bombardier’s Certified Pre-Owned Challenger 605 aircraft

Bombardier’s Certified Pre-Owned Challenger 605 aircraft on display at EBACE

  • Bombardier’s CPO program has established a dynamic premium category for customers in the pre-owned business jet market
  • Customer interest has been overwhelmingly positive with several aircraft in service worldwide
  • CPO aircraft carry an exclusive one-year OEM warranty* and are selected by the team, inspected and updated with refurbished interiors, latest avionics and connectivity enhancements, and freshly completed maintenance

GENEVA, May 22, 2023 (GLOBE NEWSWIRE) — Bombardier today presented for the first time its turn-key Certified Pre-Owned aircraft program (CPO) by showcasing a pristine Challenger 605 aircraft at the European Business Aviation Convention & Exhibition (EBACE). Launched in mid-2021, Bombardier is the first OEM to introduce a refurbishment and upgrade offering for business jets – a premium class of pre-owned Learjet, Challenger and Global aircraft, that are selected, inspected and updated featuring refurbished interiors, fresh paint, upgraded avionics and connectivity systems, all specifically adhering to Bombardier’s highest quality and safety standards.

The stunning Challenger 605 jet featured at EBACE aptly illustrates the attributes of the CPO program, with its immaculate new interior and paint; brand-new Collins Pro Line 21 advanced avionics in the cockpit; industry-defining cost-per-flight-hour Smart Parts Preferred and Smart Link Plus connected aircraft programs enrolled ready; and Ka-Band cabin connectivity. Customer interest in Bombardier’s CPO program is gaining momentum – and with an annual average of 460 used Bombardier aircraft transacting over the past five years, there’s a healthy pool of aircraft to bring into the program.

“Bombardier customers wanted a certified option beyond the traditional pre-owned aircraft offering and our new CPO program certainly delivers on this premise,” said Paul Sislian, Executive Vice President, Bombardier Aftermarket Services and Strategy. “As the OEM, we are uniquely positioned to provide them with a best-in-class, turn-key certified aircraft solution – a new and exciting category in the industry.”

Bombardier’s Certified Pre-Owned aircraft are fully mission-capable upon delivery: they have airframe, engine and APU program coverage, an exclusive one-year OEM warranty*, and all applicable maintenance completed. All CPO products come with a Level 3 pre-buy inspection and are completed at Bombardier facilities around the world. And under Bombardier’s Smart Services coverage programs, customers receive turnkey solutions consistent with the program available for new aircraft buyers. Smart Services coverage programs are offered for Learjet, Challenger and Global aircraft.**

To ensure interested CPO customers have the latest pre-owned information at their fingertips, Bombardier has also created a dedicated pre-owned inventory web page with well-documented spec sheets describing in detail all the modifications, upgrades and maintenance completed on its CPO aircraft. It also produces a comprehensive Bombardier Pre-owned Market Report, highlighting the latest transaction trends, pre-owned inventory saturation levels and market commentaries for all pre-owned Bombardier aircraft.

Confirming Bombardier’s Certified Pre-Owned aircraft program is gaining traction, it is now fully recognized by appraisal authorities such as Aircraft Bluebook, Vref, and AircraftPost, who now report CPO aircraft in a distinct category from other pre-owned aircraft.

*One-year warranty on the airframe. Certain conditions apply.
** May not apply to all aircraft; certain conditions apply.

About Bombardier

Bombardier (BBD-B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special-mission roles leveraging Bombardier Defense’s proven expertise.

Headquartered in Greater Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Certified Pre-Owned, Smart Parts Preferred, Smart Link Plus, Smart Services, Learjet, Challenger, Challenger 605 and Global are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.  Pro Line 21 is a trademark of Collins Aerospace.

Visuals related to Bombardier’s announcement at EBACE are available here.

For information

Matthew Nicholls
Sr. Public Affairs and Communications Advisor
Bombardier
+1 514-243-8214
Matthew.Nicholls@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/271da6d5-cbe3-405c-ac72-1f0f7aec38d6

GlobeNewswire Distribution ID 8843585

DEADLINE ALERT: ROSEN, A LEADING LAW FIRM, Encourages Stanley Black & Decker, Inc. Investors to Secure Counsel Before Important May 23 Deadline in Securities Class Action – SWK

NEW YORK, May 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the common stock of Stanley Black & Decker, Inc. (NYSE: SWK) between October 28, 2021 and July 28, 2022, both dates inclusive (the “Class Period”), of the important May 23, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Stanley Black & Decker securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Stanley Black & Decker class action, go to https://rosenlegal.com/submit-form/?case_id=13771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 23, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding then heightened demand for Stanley’s tools and outdoor products; (2) the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 and 2022 was returning to 2019 pre-pandemic levels; (3) Stanley’s operations were already showing signs of slowing demand; (4) as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand; (5) as a result of Stanley’s inability to react to a sharp decline in demand, the Company’s results and metrics, particularly sales volume, were severely negatively impacted; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Stanley Black & Decker class action, go to https://rosenlegal.com/submit-form/?case_id=13771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8843104

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Medical Properties Trust, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MPW

NEW YORK, May 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Medical Properties Trust, Inc. (“MPT”) (NYSE: MPW) between July 15, 2019 and February 22, 2023, both dates inclusive (the “Class Period”), of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased MPT securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the MPT class action, go to https://rosenlegal.com/submit-form/?case_id=12794 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false or misleading statements and/or failed to disclose that: (1) the Company masked the distressed state of its tenants through sale-leaseback arrangements which were essentially round-robin transactions in that they allowed debt-saddled tenants to meet their obligations in the short-term; (2) the Company fraudulently transferred hundreds of millions of dollars in what amounted to a bailout of financially distressed tenants; (3) the Company concealed its fraudulent transfers with fake construction projects with purportedly high capital expenses, despite the fact that the Company entered into “triple-net leases,” which meant that its tenants were obligated to pay a significant portion of expenses, such as real estate taxes, insurance, and maintenance; and (4) as a result, the Company’s public statements, including those with respect to the Pennsylvania Properties, were materially false and misleading at the time they were made. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the MPT class action, go to https://rosenlegal.com/submit-form/?case_id=12794 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8843099

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Sprit AeroSystems Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPR

NEW YORK, May 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) between April 8, 2020 and April 13, 2023, both dates inclusive (the “Class Period”), of the important July 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Spirit AeroSystems securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Spirit AeroSystems class action, go to https://rosenlegal.com/submit-form/?case_id=15844 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Spirit lacked effective production quality controls; (2) as a result, Spirit incorrectly installed fittings designed to join the aft fuselage to the vertical tail for some Boeing 737 Max airplanes that Spirit sent to Boeing; (3) as a result, Spirit would have to develop an inspection and repair procedure for the affected fuselages; (4) the foregoing would negatively impact Spirit’s financial results; and (5) as a result of the foregoing, defendants’ positive statements about Spirit’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Spirit AeroSystems class action, go to https://rosenlegal.com/submit-form/?case_id=15844 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8843108

MARA DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Marathon Digital Holdings, Inc. Investors to Secure Counsel Before Important May 30 Deadline in Securities Class Action – MARA

NEW YORK, May 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm reminds purchasers of the securities of Marathon Digital Holdings, Inc. (NASDAQ: MARA) between May 10, 2021 and February 28, 2023, both dates inclusive (the “Class Period”), of the important May 30, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Marathon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Marathon class action, go to https://rosenlegal.com/submit-form/?case_id=3108 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 30, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Marathon overstated the efficacy of its disclosure controls and procedures and internal control over financial reporting; (2) as a result, Marathon’s revenues and cost of revenue were materially misstated during the Class Period; (3) the foregoing, once revealed, was reasonably likely to have a material negative impact on Marathon’s financial condition; and (4) as a result, Marathon’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Marathon class action, go to https://rosenlegal.com/submit-form/?case_id=3108 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8843103

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Stem, Inc. f/k/a Star Peak Energy Transition Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action – STEM, STEM.WT, STPK.U

NEW YORK, May 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Stem, Inc. f/k/a Star Peak Energy Transition Corp. (NYSE: STEM, STEM.WT, STPK.U): (i) pursuant and/or traceable to the offering documents issued in connection with the merger (“Merger”) consummated on April 28, 2021 by and among the Company, STPK Merger Sup Corp. (“Merger Sub”), and Stem, Inc., (“Legacy Stem”); and/or (ii) between March 4, 2021 and February 16, 2023, both dates inclusive (the “Class Period”), of the important July 11, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Stem securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Stem class action, go to https://rosenlegal.com/submit-form/?case_id=16161 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: Throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) Legacy Stem suffered from material weaknesses in internal control over financial reporting related to accounting for deferred cost of goods sold and inventory, certain revenue recognition calculations, and internal-use capitalized software calculations; (2) the Company had overstated Legacy Stem’s and its own post-Merger business and financial prospects; (3) Stem’s software revenue did not make up 100% of the Company’s services revenue; (4) Stem had overstated the benefits expected to flow from its AP partnership; and (5) as a result, the offering documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Stem class action, go to https://rosenlegal.com/submit-form/?case_id=16161 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8843085

Janana De Malucho Textile Mills Limited Elects New Directors for Next Term

Karachi, In an Extraordinary General Meeting held on May 20, 2023, Janana De Malucho Textile Mills Limited announced the election of new Directors for the company's next three-year term, commencing from May 21, 2023. The distinguished individuals chosen to lead the company are as follows:

1. Lt. Gen. (Retd.) Ali Kuli Khan Khattak

2. Mr. Ahmad Kuli Khan Khattak

3. Major Gen. (Retd) Saeed Ahmed Wahla

4. Mr. Gohar Ayub Khan

5. Mrs. Shahnaz Sajjad Ahmad

6. Dr. Shahin Kuli Khan Khattak

7. Col. (Retd) Syed Yunus Ali Raza

These new Directors bring a wealth of experience and expertise to Janana De Malucho Textile Mills Limited, positioning the company for continued growth and success in the textile industry.

Dadex Eternit Limited Calls for Extraordinary General Meeting to Discuss Property Transactions

Karachi, Dadex Eternit Limited has announced the convening of an Extraordinary General Meeting (EOGM) to address important matters regarding property transactions. The meeting is scheduled to take place on Tuesday, June 20, 2023, in Karachi.

The decision to hold the EOGM was confirmed by the Board of Directors during their meeting on April 26, 2023. The board has also granted authorization to delegate powers to the Chairman, Chief Executive Officer (CEO), or any Director of the company, along with other individuals, to act on behalf of the company in implementing the proposed property transactions. These transactions may involve negotiations, obtaining quotations, and securing the best available market price for the properties.

The authorized individuals are also empowered to sell the properties to interested parties such as individuals, firms, partnerships, banks, or private and public limited companies. They may negotiate with financial institutions to remove any liens or charges against the assets, enter into agreements with buyers, receive the sale consideration, and execute necessary documents for the transfer of properties.

Additionally, the authorized individuals have the authority to represent the company before relevant parties and authorities, register sale deeds or other documents, and collect consideration amounts. They are further authorized to perform all lawful deeds, agreements, acts, and things required to implement and complete the property transactions.

The resolution passed during the meeting empowers the Chairman, CEO, any Director, or Company Secretary, along with any authorized persons, to take necessary steps, make decisions, obtain approvals, and execute relevant documents on behalf of the company to carry out the proposed special resolutions.

All actions previously taken by the Chairman, CEO, Directors, or authorized persons on behalf of the company in relation to the aforementioned matters are confirmed, ratified, and adopted by the company.

During the period from June 13, 2023, to June 20, 2023, both days inclusive, the Register of Members and the Share Transfer Books of the company will remain closed.

Packages Limited Holds Corporate Briefing Session to Present Financial Performance and Outlook

Karachi, Packages Limited organized its highly anticipated Corporate Briefing Session (CBS) today to provide investors and analysts with an overview of the company's current financial performance and future outlook.

The event, held both in-person at the company's headquarters in Karachi and virtually via Zoom, brought together a diverse audience of stakeholder’s eager to gain insights into Packages Limited's operations and prospects.

During the briefing, Packages Limited's top executives, including the CEO and CFO, took the stage to present a comprehensive analysis of the company's financial results for the past fiscal year.

Avanceon Limited Holds Board Meeting to Discuss 1st Quarter Un-Audited Accounts and Entitlement Declaration

Karachi, Avanceon Limited, a leading technology solutions provider, convened its Board of Directors' meeting today to deliberate on the company's financial performance for the first quarter of 2023. The meeting, held both online and at the Avanceon Building in Multan, aimed to review the un-audited accounts for the period ending 31 March 2023 and discuss the declaration of any entitlement.

The Board of Directors analyzed the financial statements and scrutinized the company's performance over the past quarter.

The company had previously announced a "Closed Period" from 23 May 2023 to 30 May 2023. During this period, insiders and relevant parties were prohibited from trading the company's shares, avoiding any potential conflicts of interest.