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Synchronoss Names Taylor C. Greenwald Chief Financial Officer

BRIDGEWATER, N.J., Nov. 02, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital products and platforms, today announced that Taylor C. Greenwald is appointed Executive Vice President and Chief Financial Officer, effective immediately. In his new role at Synchronoss, Greenwald will oversee global financial operations for the company, including accounting, treasury, business planning and analysis, corporate development, and investor relations.

Greenwald brings to Synchronoss extensive experience managing all financial functions of large global public organizations. He most recently served as Senior Vice President Finance and Chief Financial Officer, Web Presence for Endurance International Group, an IT services company. Prior to that, he spent 18 years with Convergys Corporation where he held several senior leadership roles, including Senior Vice President Finance, Controller and Chief Accounting Officer.

"I am pleased to welcome Taylor to our senior leadership team," said Jeff Miller, President and CEO of Synchronoss. "Taylor brings to the table significant experience driving revenue growth and profitability for large companies in the technology and business service industries. In addition, he offers deep corporate development knowledge, including acquisitions and divestitures, proven proficiency with turnaround strategies, and a strong technical background. I'm confident his expertise and financial acumen will make an immediate impact as we continue to position Synchronoss for the future and ensure our customers across the globe have the resources they need to connect with subscribers in trusted and meaningful ways."

Miller added that Lou Ferraro, who had been serving as Acting Chief Financial Officer for the last quarter, will remain with the company as Executive Vice President of Financial Operations and Chief Human Resources Officer, reporting to Taylor. "Lou did a fantastic job after being asked to take on the acting CFO role earlier this summer in addition to his other responsibilities. The board and I look forward to his ongoing leadership with us going forward," Miller said.

Greenwald said he is excited to be joining the company. "The work that Synchronoss has accomplished in the past year to improve its business trajectory is impressive, and I'm honored to join the company at such an important time. I look forward to helping Synchronoss build momentum for revenue growth and deliver on its strategic goals for customers and its other stakeholders," he said.

Greenwald earned his MBA from the Massachusetts Institute of Technology "" Sloan School of Management, and his bachelor's degree in engineering from Georgia Institute of Technology.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company's collection of products helps streamline networks, simplify onboarding and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That's why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

Media Contacts

For Synchronoss:
Anais Merlin, CCgroup UK
Diane Rose, CCgroup US
E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo–Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com


GLOBENEWSWIRE (Distribution ID 8385254)

Strong Growth Figures Hotel Industry good for investors

DUBAI, United Arab Emirates, Nov. 02, 2021 (GLOBE NEWSWIRE) — Barrows, the provider of hotel investment and advisory services for hotels in the Middle East, is very positive for the global hotel industry and sees huge opportunities for investors and developers.

Last year, the company noticed lower sales due to restrictions imposed by travel restrictions and declining demand for global hotel bookings. The turnover decline in hotel room sales was a fact, but the differences with the advisory branch of the company were very large. Never has the company managed to achieve such significant growth.

Many Hotels across the globe had massive problems and hired Barrows as their regular advisory partner. Today, the development of new hotels and the sales of hotel rooms are stronger than ever before. Investors are massively signing up for new hotel projects and they really come from all over the world.

The company expects strong growth in the hotel industry for the last quarter of this year and for 2022. "The economies are slowly closing, and world trade is returning back strongly," said Barrows Hotel Enterprises Chairman "" Erwin Jager. The market has been recovering for a few months now and hotels are opening their doors to the public again, which is giving a huge boost to employment.

Barrows Hotel Enterprises internationally manages more than 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and the company is fully focused on the fast–growing hotel industry in the Middle East and Africa.

For more information
media@barrowshotels.com


GLOBENEWSWIRE (Distribution ID 1000565867)

Bombardier’s Safety Standdown Welcomes New Leader as Chris Milligan Succeeds Andy Nureddin in Stewarding Influential Industry Event

  • Seasoned Bombardier executive, Chris Milligan will continue to build on Safety Standdown's reputation for excellence
  • Bombardier's Safety Standdown celebrates 25 years of aviation safety stewardship and education
  • Prominent event promotes lifelong learning opportunities to highlight the industry's latest safety knowledge

MONTREAL, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier's annual Safety Standdown event, one of the most comprehensive safety gatherings in the aviation industry, is honoring a dedicated Bombardier executive who has been a passionate steward and leader of the event for many years and announcing a new successor to lead the program.

Bombardier's Chris Milligan, Vice President, Pre–Owned Aircraft Services and Flight Operations, will take over the reins from long–time Safety Standdown leader, Andy Nureddin, who has led the Bombardier Flight Operations team responsible for organizing this annual safety gathering. Andy has planned to retire at the end of 2022 and is currently focusing on completing a smooth transition of Safety Standdown leadership to Chris. Anthony Cox has been promoted to Vice President, Customer Support and is succeeding Andy in his Bombardier customer–facing capacities.

"I am very pleased to introduce Chris Milligan as the new leader of the Safety Standdown team and I want to sincerely thank Andy for his steadfast commitment and hard work in fostering the growth of this invaluable industry event," said Jean–Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier. "For 25 years, Bombardier has led the industry in providing aviation professionals with critical knowledge–based aviation training in many key areas and Andy has been front and centre in that growth. I am confident that under Chris's direction, we will continue to provide aviation professionals with more lifelong learning opportunities and focus on disseminating higher standards of safety and professionalism throughout the industry."

Celebrating its 25th anniversary, the Bombardier Learjet flight operations team created the Safety Standdown event in 1996 as a human–factors safety training seminar. As it has flourished, its purpose remains the same "" to foster a community of aviation professionals who are committed to lifelong learning and to establishing higher standards of safety and professionalism throughout the industry. Through its overriding theme of "Learn "" Apply "" Share," this special two–day conference is filled with learning opportunities, compelling workshops, presentations and more, laying the foundation for many more years of safety training to come.

About Safety Standdown
Originally conceived in 1996 as a human factors safety–training event for the Learjet flight demonstration team, the conference quickly garnered a reputation for excellence beyond Bombardier's customer base. In 1999, in response to growing interest within the industry, Bombardier opened the seminar to all pilots. In 2010, Safety Standdown expanded beyond the seminars into a year–round global human factors program offering online resources. Since 1996, more than 10,000 corporate, commercial and military aviation professionals have attended Safety Standdown seminars worldwide, live and through the webcast, including in Brazil, Canada, China, Mexico, Switzerland and the USA. Admission to Safety Standdown has, throughout the years, remained free to all aviation professionals as safety is a top commitment to the flying public.

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game–changing planes. Our products and services provide world–class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montral, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry–leading products and services.

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

For information
Matthew Nicholls
Bombardier
+1 514–243–8214
Matthew.Nicholls@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/850faa97–1ed5–42e5–b46d–f89bb5b87250


GLOBENEWSWIRE (Distribution ID 8384949)

Bombardier Announces Construction of New Global Manufacturing Centre in Mississauga is on Track, Reiterates Sustainment of 2,000 Jobs and Commitment to Aerospace Community in Ontario

  • Set for completion in 2023, the new world–class facility for final assembly of Global aircraft will exemplify Bombardier's commitment to sustainability
  • Environmentally responsible features will reduce energy consumption by almost 60% and will lower greenhouse gas emissions by more than half
  • The state–of–the–art facility at Toronto Pearson International Airport represents a private investment of approximately $400M USD by Bombardier and will provide continued employment to the 2,000 highly skilled Bombardier employees currently working at Bombardier's existing Downsview facility
  • Bombardier reiterates continued involvement in the aerospace cluster through active engagement in the Downsview Aerospace Innovation & Research (DAIR) consortium and other initiatives

MISSISSAUGA, Ontario, Nov. 02, 2021 (GLOBE NEWSWIRE) — Bombardier provided further details on the construction of its new, state–of–the–art facility at the Toronto Pearson International Airport that will optimize final assembly operations for its family of Global business jets, including the industry flagship Global 7500 aircraft. In an event attended by Bonnie Crombie, Mayor of the City of Mississauga, Deborah Flint, President and CEO of the Greater Toronto Airports Authority, Jerry Dias, National President at Unifor, and several other key representatives of the Greater Toronto aerospace community, the company reiterated its commitment to continue the momentum of its presence in Ontario.

On track for completion in 2023, the facility will provide a new home to the Global Manufacturing Centre, currently located in nearby Downsview, ON. The move, which represents a private investment by Bombardier of approximately $400 million USD, will provide continued employment to the 2,000 employees currently working at Bombardier's Downsview facility.

"We came here today to show you first–hand that construction of our new Global Manufacturing Centre of Excellence is advancing as planned," said ric Martel, President and Chief Executive Officer, Bombardier. "We are extremely proud of the people who have been producing our best–in–class business jets for decades here in Ontario, and with the rising demand for large–cabin, long–range aircraft, we are looking forward to providing our teams with a new, state–of–the–art work environment," he added.

The Downsview plant was built in the 1960s, and the transition to the new, 770 000 sq. ft. facility at Pearson Airport in Mississauga will significantly reduce Bombardier's industrial and environmental footprint in the area. The company is embracing the opportunity to incorporate as many environmentally responsible features as possible. Energy consumption will be reduced by just under 60% by focussing on natural and more efficient lighting elements, and newer heating methods and updated processing systems will lower greenhouse gas emissions by more than half. Considerably less water will be used in the manufacturing process thanks to the modifications implemented in the processing shop workflow. In parallel, electric vehicles will be favoured for onsite transportation and three Sustainable Aviation Fuel (SAF) tanks will provide fuel for departing aircraft.

During the event, Bombardier also confirmed it will remain active in creating educational and job opportunities for future generations of aerospace talent in the Greater Toronto Area, particularly through its continued involvement in the DAIR consortium. The consortium, which the company cofounded with Centennial College, drives local collaborative research and development to help small and medium aerospace hub businesses scale up. "It is our continuing strategy to further support local innovation, harness the ingenuity of future aerospace professionals and enrich our local supply chain. Our involvement with DAIR enables us to realize this vision and it is one that we value greatly," said ric Martel.

Martel also emphasized the importance of local partnerships in facilitating the successful transition to a new production site. "I want to thank the City of Mississauga and the Regional Municipality of Peel, as well as our partners at the Greater Toronto Airports Authority for making us feel truly welcome in our future new home here in Mississauga."

"I'm so proud that Bombardier, one of the world's most innovative aviation companies, has chosen to make this very significant investment in Mississauga," said Mississauga Mayor Bonnie Crombie. "By opening its new Global Manufacturing Centre of Excellence in our city, Bombardier will strengthen our world–class aviation sector by continuing its relationship with Mississauga–based companies that provide leading–edge capabilities to support Bombardier's family of Global business jets. I look forward to working with Bombardier and Pearson to find new ways to bring more aerospace investment to Mississauga"

"Toronto Pearson has a vision to be the airport of the future "" from our approach to health and safety through our globally recognized Healthy Airport program to creating a more modernized airport experience," said Deborah Flint, President and CEO, GTAA. "And part of being the airport of the future means building partnerships that confer greater economic and social opportunities on the communities we serve. Bombardier's focus on innovation and connection is a perfect fit for Toronto Pearson as we build back a better, more resilient, more innovative aviation and aerospace sector right here in Mississauga."

“Unifor aerospace members' skills are virtually unmatched and the aircraft they build are unrivaled in their class,” said Jerry Dias, Unifor National President. “The new production facility will help secure advanced manufacturing jobs for the long term and will be a proud new home for highly–skilled Bombardier workers for generations to come.”

"Ledcor is proud to be building Bombardier's new state–of–the–art manufacturing facility at Toronto Pearson International Airport," said Ray Lawrence, Vice President, Ontario, Ledcor Construction. "We are excited to work with the project and design team to achieve Bombardier's sustainability and energy efficiency targets."

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game–changing planes. Our products and services provide world–class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montral, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of over 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.
Visit the Bombardier Business Aircraft website for more information on our industry–leading products and services.

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

For information
Tinca Stokojnik Prouvost
Communications
Bombardier
514–855–5001, ext. 51674


GLOBENEWSWIRE (Distribution ID 8384773)

Barrows Hotels is looking for acquisitions in Asia and Africa

LONDON, Nov. 02, 2021 (GLOBE NEWSWIRE) — Barrows Hotel Enterprises internationally manages more than 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and the company is fully focused on the fast–growing hotel industry in the Middle East. Barrows' ambition for the coming years is loud and clear. The company wants to expand its range of services in view of the rapidly growing tourism industry. In addition, Barrows aims for international expansion in growth markets such as Asia, Africa and Russia.

In this context, an office was recently opened in Singapore. With its headquarters in Dubai, the company has a solid market share. The company has been growing strongly in Asian countries since the Covid19 pandemic. Barrows is a well–known gateway for the international hotel industry, acting as a real estate developer, investor and management advisory. Besides the hotel chains, Barrows has the most connections with institutional investors, but also counts family offices and high net worth individuals among its clientele.

By acquiring, Barrows Hotels is expanding its service offerings with various products in various Asian and African countries. With the acquisition, the company wants to grow into an important supplier in the international hotel industry in these regions.

Barrows Chairman Erwin Jager explains that the company will open offices in Johannesburg, Accra and Zhengzhou in the coming 2 months. Acquisitions of existing parties will quickly give Barrows enough scale to offer hotels a wide range of services. In addition to Asia and Africa, the Hotel specialist wants to expand in growth markets such as Russia from 2024. “In the meantime, we will continue to look at opportunities for acquisitions and collaborations. Barrows Hotels focuses on adding new markets and services to serve customers in the best possible way.”

For more information:
Barrows Hotel Enterprises
media@barrowshotels.com


GLOBENEWSWIRE (Distribution ID 1000565717)