Month: February 2025

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Bombardier Celebrates Milestone Challenger 3500 Aircraft Delivery, the 1,000th Bombardier Super-Midsize Business Jet to Take to the Skies

Bombardier Challenger 3500 aircraft
Bombardier Challenger 3500 aircraft
Bombardier Celebrates Milestone Challenger 3500 Aircraft Delivery, the 1,000th Bombardier Super-Midsize Business Jet to Take to the Skies
  • The milestone delivery took place with customer JM Family Entreprises, who received the ceremonial key to their aircraft at Bombardier’s Challenger delivery centre
  • More than 700 Bombardier employees and invitees gathered to celebrate this milestone, emphasizing the exceptional talent and expertise that contributed to the historic success of Bombardier’s line of super-midsize aircraft
  • The Challenger 3500 aircraft continues to set the standard in its category with its industry-leading performance and operational efficiency, as well as its expertly designed cabin

MONTRÉAL, Feb. 27, 2025 (GLOBE NEWSWIRE) — Bombardier is proud to announce the delivery of its 1,000th super-midsize aircraft, marking a significant milestone in the history of business aviation. This landmark achievement was celebrated with the delivery of a Challenger 3500 aircraft to JM Family Entreprises, a long-standing Bombardier customer, during a special ceremony at Bombardier’s Challenger delivery centre in Montréal.

“Reaching the delivery of our 1,000th super-midsize aircraft marks a defining moment for Bombardier,” said Éric Martel, President and CEO of Bombardier. “This milestone is a testament to the dedication and exceptional talent of our employees, as well as the trust and loyalty of our customers around the world. It holds even greater significance as we are celebrating with a client who shares our family values, entrepreneurial spirit, and commitment to the community. Challenger super-midsize aircraft have been a game changer in the industry as they defined a new business jet segment, and we are excited to continue building on this legacy.”

During the celebration, the Bombardier team handed over the ceremonial keys of the Challenger 3500 aircraft to JM Family Enterprises and presented the aircraft to the more than 700 employees and invitees in attendance for this historic event.

Bombardier’s super-midsize aircraft have set the standard in the category since the original model’s entry-into-service, earning a reputation for industry-leading reliability and exceptional performance. Over the last two decades, these performance-leading Bombardier aircraft have been the best-selling jets in their class, and the Challenger 3500 jet is continuing the winning streak, leading its segment in 2024 as the most delivered jet.

The Challenger 3500 aircraft has rapidly become one of the most sought-after aircraft in its category, delivering the lowest direct operating costs, leading performance, unparalleled versatility and a state-of-the-art cabin. It offers numerous industry and category firsts, including the voice-controlled cabin, and seamlessly integrates several key features from the Bombardier’s ultra-long-range Global 7500 aircraft, notably the innovative Nuage seat.

The Challenger 3500 aircraft also carries an Environmental Product Declaration (EPD), as does Bombardier’s entire portfolio of in-production aircraft. With this, Bombardier remains to this day the only business jet manufacturer to have published EPDs for its aircraft. Bombardier also covers all its operational flights with Sustainable Aviation Fuel through the Book-and-Claim system.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

For Information

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 a blend of 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 bombardier.com. Follow us on X @Bombardier.

Media Contacts
General media contact webform

Christina Lemyre McCraw
+1-514-497-4928
[email protected]

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/114ae0b4-eca4-4a70-9a18-9b39e0f6396a

GlobeNewswire Distribution ID 9386096

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ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Edison International Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – EIX

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Edison International (NYSE: EIX) between February 25, 2021 and February 6, 2025, both dates inclusive (the “Class Period”), of the important April 21, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Edison 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 Edison class action, go to https://rosenlegal.com/submit-form/?case_id=33590 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] 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 April 21, 2025. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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 materially false and/or misleading statements and/or failed to disclose that: (1) Edison’s claim that Southern California Edison Company (“SCE”) used its Public Safety Power Shutoffs (“PSPS”) program to “proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events”, was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to Edison; and (3) as a result, defendants’ statements about Edison’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Edison class action, go to https://rosenlegal.com/submit-form/?case_id=33590     call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] 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 or 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
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9386954

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Saudi Arabia’s MICE Industry Poised for Significant Growth

Cynosure Worldwide expands MICE capabilities in Saudi Arabia

Jowad Khan – CEO Cynosure Worldwide

Jowad Khan compares the global MICE industry with Saudi Arabia’s, highlighting growth differences and opportunities.

RIYADH, Saudi Arabia, Feb. 28, 2025 (GLOBE NEWSWIRE) — Saudi Arabia’s Meetings, Incentives, Conferences, and Exhibitions (MICE) industry is on the cusp of a significant transformation, driven by the Kingdom’s Vision 2030 and a surge in tourism investments.

According to recent reports, Saudi Arabia aims to increase its MICE sector’s contribution to the national GDP from 3.8% to 8.8% by 2030. This ambitious goal is expected to create new opportunities for businesses, entrepreneurs, and event planners.

Key drivers of growth in Saudi Arabia’s MICE industry include:

1. Government Support: The Saudi government has launched initiatives to develop and promote the MICE sector, including the establishment of the Saudi Exhibition and Convention Bureau.
2. Infrastructure Development: Major cities like Riyadh, Jeddah, and Dammam are investing heavily in state-of-the-art convention centers, hotels, and other MICE infrastructure.
3. Tourism Growth: Saudi Arabia’s tourism sector is expanding rapidly, driven by the introduction of tourist visas and investments in attractions and experiences.

“The MICE industry in Saudi Arabia is on the verge of a major breakthrough,” said Jowad Khan, CEO of Cynosure Worldwide. “With the government’s support and investments in infrastructure, we expect to see significant growth in the sector over the coming years.”

Jowad Khan

Cynosure Worldwide aims to expand its services, invest in cutting-edge technology, and foster strategic partnerships to reinforce its commitment to supporting industry growth in Saudi Arabia.

Here’s a comparison of the MICE industry between the global market and Saudi Arabia:

Global MICE Industry
– Market Size: USD 802.59 billion (2023) to USD 1,466.94 billion (2030)
– Growth Rate: 9.1% CAGR (2024-2030)
– Meetings Segment: 41.3% revenue share (2023)
– Incentives Segment: 11.8% CAGR (2024-2030)
– Top Destinations: USA, China, Germany, UK, and Japan

Saudi Arabia MICE Industry
– Market Size: USD 1.4 billion (2023) to USD 5.5 billion (2030)
– Growth Rate: 15.5% CAGR (2024-2030)
– Meetings Segment: 30% revenue share (2023)
– Incentives Segment: 12.2% CAGR (2024-2030)
– Top Destinations: Riyadh, Jeddah, and Makkah

“Saudi Arabia’s MICE industry is growing faster than the global average,” said Jowad Khan. “To capitalize on this growth, Cynosure Worldwide is expanding its MICE services in Saudi Arabia, offering bespoke solutions for events, conferences, and exhibitions. Our team is committed to delivering exceptional events and experiences that showcase the Kingdom’s rich culture and hospitality,” added Jowad.

Media Contact:
Syeda Mahnoor
[email protected]
+966 572862125

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3f5aab1-dc88-4e62-a249-d537b4830994

GlobeNewswire Distribution ID 1001051252

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PCRX DEADLINE ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Pacira BioSciences, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important March 14 Deadline in Securities Class Action – PCRX

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Pacira BioSciences, Inc. (NASDAQ: PCRX) between August 2, 2023 and August 8, 2024, both dates inclusive (the “Class Period”), of the important March 14, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Pacira 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 Pacira class action, go to https://rosenlegal.com/submit-form/?case_id=33570 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] 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 March 14, 2025. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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, statements made during the Class Period were false and/or misleading because defendants created the false impression that Pacira had sufficient patent protections on Exparel and, as such, the ability to expand the marketing, production, and sales of Exparel, which Pacira stated was critical to its future growth and revenue. In truth, Pacira’s optimistic claims pertaining to its patent protections on Exparel were fragile at best. In fact, Pacira knew that the ‘495 patent was not as protective as defendants publicly touted because on June 6, 2023 the New Jersey District Court issued a ruling in eVenus’s favor regarding claims construction in another case filed by Pacira in a failed attempt to protect Exparel. Yet defendants continued to make public statements affirming their belief in the ‘495 patent and the protection it applied for Exparel. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Pacira class action, go to https://rosenlegal.com/submit-form/?case_id=33570 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] 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 or 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
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9386907

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Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need
Bitget Limited
Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is partnering with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment, to distribute up to 100,000 meals to individuals in need during Ramadan. This initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month.

Each meal will support families and individuals during the holy month. The effort is strengthened by contributions from the Bitget community, emphasizing collective action and compassion. To achieve the fundraising target, Bitget has introduced initiatives encouraging participation from users, VIP clients, and influencer partners.

Bitget will first pledge 10,000 meals to the people in need, followed by a series of Iftar dinners in key locations, including Dubai and Istanbul, fostering unity and philanthropy. Attendees can contribute through donations, with Bitget matching each dollar raised. Exclusive auctions featuring memorabilia from partnerships with La Liga will also contribute to the fundraising, and Bitget will direct all proceeds toward the cause. 100% of the proceeds will go towards the fundraiser.

“Ramadan is a time for generosity and unity,” said Vugar Usi Zade, COO of Bitget. “By leveraging our global network, we aim to create a meaningful impact in communities facing adversity. This initiative demonstrates kindness from the crypto space and aligns with our mission to drive positive change through collaborative efforts.”

The campaign, featuring the 10,000-meal pledge from Bitget, donation matching, and exclusive auctions, will be supported by local teams organizing community engagement events. It is set to launch on the first day of Ramadan, in alignment with the Islamic calendar.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a48343fc-044d-45ce-afe2-a4ff26395657

GlobeNewswire Distribution ID 1001051168

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Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

VICTORIA, Seychelles, Feb. 27, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released their proof-of-reserves report for February 2025. The newest snapshot shows the updated data highlights an increase of reserves to 186% up from its commitment of 100%. Bitget’s latest proof of reserves reaffirms its financial stability and transparency, showcasing a strong total reserve ratio.

The exchange holds substantial reserves across major assets, ensuring more than full backing of user funds. The breakdown reveals a 322% reserve ratio for Bitcoin, with over 19,393 BTC held against user liabilities of 6,030 BTC. Similarly, Ethereum reserves stand at 173%, with holdings of 199,433 ETH exceeding the 115,051 ETH in user assets. Stablecoin reserves are also robust, with USDT at 138% and USDC at 121%, showing strong backing.

Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

The Merkle root hash verification adds an extra layer of transparency, allowing users to independently verify their assets within Bitget’s system. With 35 million records included in the Merkle tree, the exchange continues to prioritize accountability. The report highlights Bitget’s commitment to safeguarding user assets while maintaining operational integrity. By consistently holding reserves well above liabilities, Bitget reinforces trust in its financial health, positioning itself as a secure and reliable platform for crypto traders and investors.

The updated PoR showcases Bitget’s efforts in maintaining more than industry standard 100% reserves, which effectively guarantees that users’ assets are safe. The platform is capable of covering user withdrawals, even if all user assets are withdrawn.

In addition to maintaining a higher than industry standard PoR, Bitget insures its users further with a $300M Protection Fund, now valued over $570 million according to its latest protection fund report. This gives the platform an extra layer of resilience against cybersecurity threats.

For real-time PoR tracking, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e6e37dd-29ad-4275-b259-d9650b21488f

GlobeNewswire Distribution ID 1001050766