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Continuing to lead the world when the world needs us most

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VANCOUVER, British Columbia, May 07, 2021 (GLOBE NEWSWIRE) —

Open Letter from the CEO

May 7, 2021

Dear shareholders, customers and communities,

In the 12 months since my last letter, your Company has continued to direct our human and technological innovation toward providing the tools, resources, information and care necessary to keep our fellow citizens, customers and communities – globally – connected, productive, safe and healthy amidst the global pandemic. TELUS has successfully navigated the evolving health crisis and subsequent public health measures by remaining focused on the cornerstone of our leadership in social capitalism: leveraging our world-leading technology and human compassion to enable remarkable outcomes in the communities where we live, work and serve.

To date, TELUS, our team members and retirees, as well as our friends and family members, have committed $150 million in support of COVID-19 relief efforts for the benefit of the many stakeholders we serve. Since the onset of the pandemic, we have offered more support to our communities than any other Canadian organisation and it is my privilege to share some of the highlights in this regard.

A response guided by experts inside and outside TELUS

Our response has been informed by the expertise of both our Emergency Management Operating Committee (EMOC) and our TELUS Medical Advisory Council. Notably, TELUS’ EMOC continues to drive best-in-class business continuity practices in respect of pandemic planning, return-to-work initiatives and vaccine rollout support, which we have shared with our business customers and partners in both the public and private sectors since March of 2020. Similarly, we continue to consult with our Medical Advisory Council to develop appropriate safety protocols, as well as to provide information and counsel as vaccination initiatives roll out across the country.

Supporting our customers throughout the evolving health emergency

Since the start of the pandemic, we have consistently leveraged our world-leading technology to enable up to 95 per cent of our team members, globally, to work from home, supporting our customers safely and productively. To help ensure their continued health and well-being, our domestic team members currently working from home will continue to do so until at least the end of September 2021, consistent with the timelines associated with national immunisation efforts offering protection to all Canadians who wish to be vaccinated. Similarly, we continue to leverage our work-from-home capabilities for the majority of our international team members whilst also accommodating limited teams working safely in our sites as required to meet the specific needs of our customers.

Serving our consumer customers safely and effectively

Across Canada, TELUS has been operating as an essential service throughout the pandemic, pivoting to accommodate various provincially mandated health restrictions, lockdowns and staged re-openings. We have remained steadfast in protecting our customers and team members in our retail stores, warehouses and administrative buildings as well as our technicians working in the field.

Notably, your Company has created a safe, touchless in-store service experience, inclusive of plexiglass at the cash, triaging at the entrance, social distancing throughout the store and the mandatory use of masks. Additionally, to best utilise our resources during lockdowns and reduced traffic in our stores, some team members were redeployed to support busier areas of our organisation. This proactive reassignment strategy resulted in full employment for our retail team throughout the COVID-19 crisis.

At the end of March 2021, TELUS launched a testing pilot programme with select customer-facing team members who are now being screened for COVID-19 twice a week. The programme, which offers an added layer of protection for team members and customers, is being piloted at our TELUS Health Care Centres with plans to expand to additional customer-facing teams in the coming months.

Revolutionising field installations to promote physical distancing

These enhanced in-store protocols have been complemented by our industry-first virtual installation and repair processes for the fulfillment of services at the homes of our customers.

Our TELUS touchless fulfillment process remained our primary means of interacting with customers for most of the past year, and as the country emerged from various lockdown measures, we offered clients the option to proceed with DIY, virtual installations or in-home professional support. These innovative field services were designed to protect both customer and team member safety.

Addressing the evolving needs of our customers through digitised services

During the pandemic, our advanced digital capabilities have enabled Canadians to do business with us when and how they wanted, from wherever they needed to be connected. Indeed, during the lockdowns, our enhanced digital platforms allowed us to put our customers first by absorbing much of the volume from our traditional channels and offsetting the impact of store closures.

Furthermore, with more people working, learning, socialising and transacting online, we introduced TELUS Online Security. Through this service, we are providing nationwide capabilities including device protection, virtual private networks, proactive identity and credit monitoring, as well as identity theft restoration and reimbursement coverage.

Enabling our business customers during difficult times

To ensure similar levels of safety for our business customers and the team members who support them, we offered the same virtual installation, service and repair support to our business customers, including pharmacies, long-term care homes, hospitals and clinics across Canada. In addition, we supported our business customers in their transition to a digital-first strategy, providing 90-day free trial offers and empowering more than 6,400 businesses with our virtual work solutions. To show our support, TELUS shared our pandemic planning framework with over 500,000 businesses, and also held panel discussions focused on sharing best practices to ensure customer and employee well-being as those businesses re-started their commercial activities.

To demonstrate our support and help improve the circumstances for small businesses during the lockdowns and periods of enhanced commercial restrictions, TELUS launched #StandWithOwners. This $500,000 commitment to support, promote and help business owners became the number one trending topic on Twitter.

Building on the momentum of our #StandWithOwners campaign, in October, we kicked off Small Business Month with a series of special offers for business owners, reminding Canadian businesses and consumer customers of our ongoing commitment to supporting the small business community.

Providing innovative solutions to keep people safe, informed and connected

Connecting communities with Optik TV

We leveraged the power of our Optik platform to bring communities together and amplify the reach of important local content. Appreciating the central role that faith-based services and community programming play in the lives of many citizens during this time of physical distancing, our team pre-emptively implemented Optik TV enhancements and collaborated with community institutions to enable religious ceremonies to be broadcast virtually. Additionally, to help seniors stay connected, we deployed a “local camera” capability, which allowed live video-feeds from on-site chapels to be delivered through Optik TV to long-term care facilities.

In addition, we offered live feeds of learning content from our science centre partnerships and worked with community partners, including performing and visual arts organisations, to help these companies reach their audiences, virtually.

Leveraging Optik to promote mental and physical wellness

We further supported the well-being of our customers and their families by connecting them to content that promotes mental and physical wellness. Supplementing our TELUS Healthy Living Network, we offered customers access to apps like Calm and virtual yoga classes through Yyoga, helping even more people stay mentally well and healthy, virtually.

Promoting online safety with our TELUS Original “Dark Cloud”

As citizens, including our youth, increased their online activity, TELUS further promoted the importance of mental health and highlighted the risks of online bullying. Notably, our team launched a new TELUS Original, “Dark Cloud: The High Cost of Cyberbullying”, which explores the causes of cyberbullying and offers strategies for prevention. This content supports TELUS’ ongoing efforts to combat the nefarious practice of bullying by way of our TELUS Wise programme, through which we amplified access to online digital safety resources in 2020, including introducing new online workshops for adults. By the close of the year, we had reached more than 90,000 Canadians through TELUS Wise online or virtual workshops.

Staying entertained during the lockdown

As fewer new television programmes were being released due to reduced production schedules, TELUS launched “TELUS Presents”, comprised of curated, difficult-to-find content from around the world. In addition, our TELUS Talks podcasts with veteran journalist Tamara Taggart continued to share insightful and timely narratives that resonated with our audience as we navigated the pandemic together.

To share TELUS’ vision for the future of technology and how we are delivering value, driving innovation and making the future friendly for citizens around the world, our team launched “Future Builders”. Created in collaboration with Elevate, a leading-edge organisation that shares TELUS’ desire to answer society’s greatest challenges, this podcast/video series features discussions with TELUS experts who provide insight into key areas of TELUS’ innovation (such as agriculture, artificial intelligence, 5G and more), reinforcing our team’s passion for leveraging our world-leading technology to drive positive social change.

Driving better outcomes with Data for Good

As part of TELUS’ commitment to helping reduce the spread and impact of COVID-19, we have been leveraging the vital data available to us to support public health and safety efforts, whilst remaining acutely aware of privacy considerations, through Data for Good. This programme provides an advanced approach to de-identified data analytics to help all levels of government and public agencies in making more strategic and informed decisions based on real-world information. Importantly, Data for Good makes it possible for health authorities and academic researchers to use strongly de-identified data from TELUS Insights to measure progress and assess additional opportunities to help stop the spread of COVID-19 without compromising the personal privacy of Canadians.

Connecting Canadians through our world-leading networks

Our fast, reliable and world-leading broadband networks have ensured that Canadians within our wireless or wireline footprint have access to the tools and resources needed to stay connected. This includes providing hospitals and healthcare facilities with connectivity to support them in performing their critical – and life-saving – work.

Why connectivity matters

Our team understands that having access to fast, reliable and ubiquitous connectivity – in urban and rural regions alike – matters as it drives innovation that enables the diversity and competitiveness of our country’s private sector, supporting economic growth and job creation for our nation. It matters because it helps us answer society’s most pressing social challenges in health, education and the environment, whilst improving economic equality in our digital world.

Accelerating the expansion of our 5G and PureFibre networks

The health emergency has reinforced the need for fast, reliable connectivity, particularly in rural regions, where improved network access is all the more vital. Notably, by year-end, we will have connected more than 279 communities to our leading TELUS PureFibre network and expanded our wireless network to reach 99 per cent of the population, with 70 per cent covered by 5G. This includes providing vital connectivity for 60 Indigenous communities across B.C., Alberta and Quebec.

Our commitment to connecting remote communities was exemplified through the expansion of our world-leading LTE Advanced networks to nearly 5,000 citizens across 14 communities on Quebec’s Lower North Shore, located 2,000 kilometres east of Montreal. For the first time ever, these 2,000 households, businesses, schools and healthcare centres have access to high-speed internet, mobile phone service and virtual care.

To continue to serve our customers effectively, including those in rural regions, we will invest $54 billion through 2024 to accelerate our network builds and technology deployment to further improve data speeds and network performance for citizens and businesses. These investments exemplify the nexus of our time-tested growth strategy and our social capitalism thesis to leverage our world-leading technology to enable critical connections and opportunities for our customers and communities, regardless of where in Canada they call home.

Providing the network strength to keep Canada working – remotely

The strength, speed and consistency of our country’s networks have bolstered our nation’s productivity throughout the pandemic. The Global Remote Work Productivity Tracker, an independent report examining the impact of working from home, determined that Canadians recorded a 170 per cent increase in remote work following the onset of the global pandemic, contributing to an overall increase in productivity of 25 per cent. By comparison, Europe and the United States saw productivity declines of 8.2 per cent and 7.2 per cent, respectively, as a result of remote working.

Remaining steadfast in our commitment to delivering globally leading networks

The enhanced level of reliable connectivity we have provided for our customers is thanks to our award-winning wireless and wireline networks, enabled by our amazing engineers, technologists and network innovators. In February 2021, our world-leading wireless network was recognised by the independent UK-based Opensignal as Canada’s best network for the ninth time. Opensignal further acknowledged our next-generation 5G network in April with six awards for superiority in respect of speed and coverage. In addition, U.S.-based Ookla gave our network top honours for Best Network in Canada, naming us the Fastest Mobile Network for the seventh consecutive time and awarding us Best Mobile Coverage in Canada for the fourth consecutive time in its Speedtest Award.

This recognition from Opensignal and Ookla complements the countless accolades TELUS has received over the years. In 2020, TELUS was recognised by other independent, industry-leading experts, including U.S.-based J.D. Power, Victoria-based Tutela and U.S.-based PCMag, building on an outstanding record of achievement with respect to network excellence. Similarly, our PureFibre network received international recognition in 2020. By way of example, U.S.-based PCMag ranked our PureFibre network as Best for Gaming and recognised TELUS as the fastest internet service provider, nationally.

Exemplifying our leadership in social capitalism

Connecting for Good in a multitude of ways

We have continued to reach out to our most vulnerable communities to ensure access to vital connectivity and healthcare resources. Our Connecting for Good programmes have extended their reach throughout the pandemic, connecting even more traditionally underserved Canadians from coast-to-coast.

By way of example, we expanded our Mobility for Good programme to Saskatchewan, Quebec, Northern Canada, Nova Scotia, Newfoundland and P.E.I., making this initiative truly national and available to 20,000 vulnerable, young Canadians transitioning out of foster care. Building on the success of this initiative, we launched the TELUS Mobility for Good programme for Seniors, providing eligible elderly, low-income Canadians with access to low-cost wireless connectivity, keeping them connected to loved ones, whilst reducing feelings of isolation, helping to manage their mental well-being, and providing access to important healthcare and government resources. Moreover, since the start of the pandemic, we have donated over 14,000 phones, tablets and plans – valued at $16 million – to hundreds of not-for-profit organisations supporting Canadians through the health emergency.

Similarly, we expanded our Internet for Good programme to include 200,000 people living with disabilities in B.C., Alberta and Quebec and introduced enhancements to expedite access to the programme for K-12 students in need across B.C. and Alberta. Since inception, 95,000 family members and people with disabilities have benefitted from low-cost high speed internet by way of the programme.

We continue to provide primary and mental health care to people experiencing homelessness and others in need through our Health for Good programme, and in January, we launched two new Health for Good mobile clinics in Vancouver and Toronto. This builds on the seven clinics we introduced in 2020, bringing our total to 13 clinics in operation, nationwide. Importantly, many of our provincial Health for Good partners are utilising the clinics to provide COVID-19 testing and assessments. In total, we have supported nearly 59,000 visits and completed almost 18,000 COVID assessments and tests.

Augmenting our support for diversity and inclusion

Diversity and inclusion (D&I) have always been central to our commitment to social capitalism and in 2020, your Company undertook a series of initiatives to ensure our organisation evolved toward an even more accurate representation of the customers and communities we serve. Notably, we welcomed our inaugural Chief D&I Officer, introduced a resource group to support our Black team members, and updated our board diversity policy. In this regard, after exceeding our initial target for gender diversity, TELUS is leading the way in board diversity by adopting and surpassing our revised board diversity targets for gender, visible minority and Indigenous representation this year.

Sharing our social capitalism thesis through the TELUS Pollinator Fund for Good

Building on our team’s legacy of using our core business to amplify a greater social purpose that benefits all of our stakeholders, we launched the TELUS Pollinator Fund for Good in 2020. At $100 million, it is one of the largest corporate social impact funds in the world. Providing early-stage financing to entrepreneurs, as well as new and established companies – in Canada and abroad – the Fund enables purpose-driven companies to scale and bring socially innovative, sustainable businesses to life.

By way of example, early in 2021, the Pollinator Fund for Good invested in Raven Indigenous Capital Partners’ Impact Investment Fund, the world’s first Indigenous impact fund. Through this investment, we will ensure greater opportunities for Indigenous businesses and entrepreneurs, whilst helping to address some of the most pressing issues facing Indigenous communities across Canada.

Promoting food security thanks to TELUS Agriculture

The health emergency identified vulnerabilities in our food supply that can be mitigated through transformative, connected technology. In this regard, we also directed our human and technological innovation toward improving access to a nutritious food supply that is safe, sustainable, expansive and connected through the launch of TELUS Agriculture. This line of business will create a fully-connected agriculture value chain, enabling TELUS to improve outcomes for citizens by helping to safely and securely feed an increasingly hungry world.

Doing well and doing good through tax morality

A central tenet of our social capitalism thesis is a belief that in order to do well in business we must also do good by the stakeholders we serve. One of the many ways in which we are doing good in our communities is through tax morality. In this regard, your Company has paid more than $46 billion in total tax and spectrum remittances, since 2000, to our federal, provincial and municipal governments. These funds support the infrastructure and public health and public policy initiatives we all rely on as citizens – something which has taken on additional importance as we continue to weather the ongoing health crisis together.

Enabling the health and wellness of Canadians, virtually

Over the course of the pandemic, we have supported vulnerable Canadians unable or unwilling to leave their homes through innovative digital health solutions. By way of example, Babylon by TELUS Health virtual care was extended from B.C. to Alberta, Saskatchewan and Ontario over the course of 2020. As a reflection of the diverse communities we serve, physician consults are offered in multiple languages.

For those physicians currently using a TELUS electronic medical record (EMR) product, the Virtual Visit functionality has enabled more than 588,000 virtual visits since it was launched last spring. Akira by TELUS Health, which enables employers to support the health of their employees, realised year-over-year growth of almost 300 per cent in 2020. More than two million Canadians and their families are covered by one of these solutions, including our recently acquired EQ Care. In late 2020, we implemented the Health Report Manager (HRM), a programme managed by OntarioMD that allows for communication directly between our Akira by TELUS Health platform and 12,000 family physicians in Ontario.

Wellness monitoring solutions for some of our most vulnerable citizens

TELUS is now the largest Canadian-owned Personal Emergency Response System (PERS) service provider. By way of example, in September, our LivingWell Companion service, which provides personal emergency support for elderly citizens living independently, was launched nationally and we now offer the service in French, Cantonese, Mandarin and Punjabi, in addition to English. Additionally, our TELUS Home Health Monitoring (HHM) solution provided virtual support to 11,800 patients across our footprint, a tenfold increase over 2019. Recently, our HHM programme was augmented with the TELUS LivingWell Companion fall detection devices as part of Vancouver Island Health Authority’s innovative new Hospital at Home deployment, where acute care patients are safely monitored in their homes as an extension of the acute care ward.

Helping first responders and frontline healthcare teams stay connected and well

The mental and emotional toll the prolonged fight against COVID-19 has taken on many first responders and healthcare workers is significant and the criticality of supporting their mental health needs cannot be overstated. In this regard, your Company launched our Espri by TELUS Health mental wellness app. The app continues to be adopted across the country by first responders, law enforcement and healthcare teams and the organisations that support them.

Assisting government partners in the vaccination rollout

Consistent with our commitment to social capitalism, we have extended our human and technological innovation to improve the health outcomes of our fellow citizens by reaching out proactively to provincial governments to offer our support as the national vaccine programme expands and accelerates.

To date, we have created a contact-free, electronic vaccination record solution through our EMRs for physicians and pharmacists in Quebec. We have pivoted our Health for Good Mobile Clinics to bring vaccine efforts to marginalised and homeless individuals, including being the first mobile vaccine clinic in Toronto to reach out to the traditionally underserved Parkdale community. In total, we have provided 500 vaccinations through our Health for Good mobile clinics.

In Alberta, we installed monitoring lines to ensure the deep freezers needed to store vaccines remained at consistent temperatures, whilst also working with health authorities to improve efficiencies at their call centres during the initial week of vaccine appointment bookings.

Importantly, we have built, staffed, connected and continue to monitor call centres for both the B.C. and Ontario health authorities. Notably, thanks to the amazing efforts of the nearly 1,800 TELUS team members volunteering in the call centres for all five health authorities across the province as part of the Immunise B.C. initiative, all British Columbians will be able to receive a vaccination by the end of June – two full months ahead of schedule. See how this meaningful initiative is positively impacting our volunteer team members.

In addition, as one of the inaugural members of the Industry for Vaccine (IFV) coalition, TELUS has been offering financial resources and the support of our team to help in the creation of community hubs to support the vaccine effort in Quebec. Through this innovative private-public partnership launched in late March, TELUS has been working collaboratively with other private sector organisations to support the creation of 30 vaccine centres in local communities around the province.

Our TELUS team is also leveraging the technology associated with our electronic medical records to support citizens through our electronic vaccination record (EVR) initiative. Our EVR is currently deployed across 27 mass-vaccination sites in Quebec, enabling a contact-free patient experience. To date, we have documented more than a quarter of a million vaccines in our system.

Giving back to our communities with our hearts and our hands

The pandemic has compelled your Company to redirect many of our traditional in-person community giving projects to virtual. As such, in 2020, the TELUS team completed 1.2 million acts of giving, virtually and safely, to help build stronger, healthier communities. This included sewing masks and other personal protection items for frontline workers, delivering food and supplies to local food banks and families in-need, donating blood, and conducting phone check-ins for isolated seniors.

Throughout 2020, our TELUS family volunteered 1.25 million hours and contributed $85 million, representing five per cent of pre-tax profits, to charitable and community organizations worldwide. This includes $8.9 million contributed by the TELUS Friendly Future Foundation (TFFF), of which $6.5 million was distributed through our TELUS Community Boards, and $2.4 million by way of TFFF rapid response grants. Last year alone, the TFFF helped over five million Canadians through the funding of grants that supported public health.

Protecting citizens and raising funds through our TELUS critter masks

In 2020, we introduced our popular reusable critter masks. Since launch, we have sold 80,000 masks, helping to keep our neighbours safe, whilst also raising $605,000 for the TELUS Friendly Future Foundation (TFFF).

Providing our community partners with innovative solutions and support

As the pandemic forced many of our community and not-for-profit partners to rethink their giving and support strategies, our team provided the innovative solutions needed for our partners to connect with their customers and constituents. By way of example, we offered our team’s expertise and support for the Operation Enfants Soleil Telethon, a local telethon in Quebec. In addition to volunteer efforts, the team implemented the cloud-based contact centre needed for the organisation to receive $17 million in donations. Moreover, the team helped build a similar cloud-based contact centre for the Miracle Weekend Telethon supporting the B.C. Children’s Hospital Foundation.

Similarly, as typical summer activities were cancelled in order to keep children safe, our team worked with Microsoft, TELUS Spark in Calgary and TELUS World of Science Edmonton to introduce virtual science camps. These camps enabled children to leverage immersive technologies to participate in virtual activities spanning a broad range of topics in math, science and coding.

In addition, our team has responded expeditiously to support Indigenous communities, many of which have been significantly impacted by the pandemic. By way of example, our team collected and delivered masks, hand sanitizer and gloves from our local supply to various Indigenous communities to help keep them safe throughout the health emergency.

To support our team members in their desire to spread kindness and positivity, we introduced the Acts of Good programme for our technicians in B.C. and Alberta. Through this initiative, these team members were provided with a gift card to be used to demonstrate their support for their neighbours. Incredibly, more than 1,000 technicians were inspired to give back to their communities by purchasing and safely delivering much-needed food items to local food banks, purchasing flowers for isolated seniors or buying sanitisation supplies for Indigenous communities.

Earning recognition for the TELUS family’s commitment to social capitalism

As a result of the passionate dedication demonstrated by our team, your Company earned significant praise and recognition for our efforts both in supporting pandemic relief and for our ongoing commitment to creating stronger, healthier communities on a global basis. Notably, TELUS was the only telecom company, and only one of three Canadian organisations, to earn a place on the Wall Street Journal’s list of “100 Most Sustainably Managed Companies in the World.” Impressively, The Wall Street Journal named us the 15th company in the world in the category of social capitalism leadership. We were also very proud to have elevated our ranking into the 90th percentile for our industry on the Dow Jones Sustainability Index. We are the only North American company on the DJSI World Index in our sector, and one of only eight companies globally in our industry.

We were also recognised for our commitment to sustainability, on a global basis, through our ranking on the Corporate Knights 2021 Global 100 Most Sustainable Corporations Index for the 9th time. Impressively, TELUS is the highest ranking telco in North America and the second highest, globally, on the Index. In addition, our organisation earned a place as one of Canada’s Top 100 Greenest Employers for our global leadership and commitment to building a more sustainable future. Finally, TELUS maintained its #1 global position on the Didtheyhelp.com Heroes COVID Leaderboard for nine consecutive months.

Our team’s ongoing commitment to keeping our team members engaged, healthy, safe and feeling supported earned us national and international recognition, as well. Importantly, TELUS was acknowledged as Canada’s leading global workplace by Forbes World’s Best Employers 2020. TELUS, including TELUS International, was ranked first in Canada by Forbes and listed as 40th in the world, alongside 750 leading international brands. This important recognition is a testament to the expertise, passion and cohesiveness of our incredible team and the extraordinary, globally admired culture that exemplifies our shared values in service to our fellow citizens.

Looking ahead to a friendlier future

We are hopeful that the second half of 2021 will present a multitude of opportunities for our customers and fellow citizens to reconnect and re-engage in a truly meaningful way. Over the course of the past year, we have seen the incredible accomplishments that are possible when we come together to amplify the good we can do in helping our fellow citizens in need. This is why we evolved our brand promise to invite others to join us in progressing a stronger, healthier and more caring planet. Indeed, rather than declaring that the future is friendly, our refreshed brand promise – Let’s make the future friendly – welcomes everyone to join us as we strive to make the world a better place.

There is hope on the horizon and our TELUS team is privileged to offer our support in helping to connect citizens to this friendlier future. Indeed, you can count on the 100,000 TELUS team members and retirees around the globe to provide unparalleled levels of connectivity, caring and service excellence for you and your loved ones in 2021 and well beyond.

On behalf of the TELUS team, thank you for your patronage, partnership and support.

Darren

May 7, 2021

Media Relations
Steve Beisswanger
(514) 865-2787 
[email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 

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J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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