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Telesat Launches National Women in STEM Scholarship Program to Foster Diversity in Our Next Generation of Canadian Innovators

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New program to award $40,000 annually in scholarships to support women pursuing degrees in Science, Technology, Engineering and Mathematics (STEM)

OTTAWA, CANADA, March 17, 2021 – Telesat, one of the world’s most innovative global satellite operators, announced today the launch of its new national scholarship program, Telesat’s Women in STEM. This scholarship program focuses on closing the gender gap in STEM and helping to prepare and empower more women to take a leading role in these important and fast-growing fields.

Today in Canada, women are largely underrepresented in the fields of STEM, both at university and in the workplace. Through this annual program, Telesat will be awarding $5,000 scholarships annually to eight women who are entering the third or fourth year of their bachelor’s program in a STEM field through an accredited Canadian university.

“With just over one in five engineering graduates in Canada being women, there is an urgent need to attract and empower more women students to pursue degrees in STEM,” said Dan Goldberg, President and CEO of Telesat. “Having a workforce that leverages Canada’s rich diversity is a key contributor to Telesat’s – and Canada’s – long term success, and we recognize there is more work to do to achieve this important goal. We are committed to fostering Canada’s highly-skilled and diverse STEM talent and are excited about supporting outstanding women candidates pursuing STEM degrees.”

“A full recovery from the impacts of the pandemic will only be possible when we address women’s economic security and ensure equal access to good, well-paying jobs.” said the Honourable Maryam Monsef, Canada’s Minister for Women and Gender Equality and Rural Economic Development. “We all benefit when more women choose careers in technology and engineering, and our government is taking strong steps to improve access to skills training and education in these sought-after fields. It’s encouraging to see corporate partners like Telesat recognize the importance of a diverse workforce and take action to support more women in STEM.”

Scholarship Partners Canada (SPC), a division of Universities Canada, will administer Telesat’s Women in STEM Scholarship Program and select a committee of Canadian university representatives to evaluate scholarship applications. A set criteria that focuses on academic performance, quality/relevance of the essay and reference letters, volunteer/community involvement and/or extracurricular activities will be used to select final awardees. Telesat aims for this scholarship to reflect Canada’s broad diversity and we strongly encourage Indigenous and visible minority students to apply.

Scholarship applications for the Fall 2021 academic year are being accepted until 1:00 pm EDT on May 12, 2021. For more information on the scholarship program, eligibility and application, visit https://www.telesat.com/scholarships.

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its global priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds.

Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.

Media contact:                                           

Lynette Simmons
+1 613 748 8729
info@telesat.com

Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are ”forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “will”, or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020 which can be obtained on the SEC website. 

Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, volatility in exchange rates, risks and expense associated with becoming a publicly listed company the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

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