OTTAWA, Jan. 25, 2023 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced the launch of its national scholarship program for Indigenous youth. This program will provide scholarships to Indigenous students to enhance their education and advance their careers in the fields of science, technology, engineering, and mathematics (STEM), as well as gain much-needed, hands-on work experience through internships paid at Telesat.
Today, less than 2% of Indigenous Canadians hold professional STEM positions. This program will help reduce barriers to education and provide significant learning and career opportunities in the space industry. Telesat will award two Aboriginal students with $5,000 scholarships, $15,000 stipends and paid internships of 8 months each at one of Telesat’s state-of-the-art teleporters in Alberta, Manitoba, Nunavut, Ontario or Quebec.
“Increased gender and cultural diversity leads to greater collaboration and innovation and is critical to Telesat’s long-term success and growth,” said France Teasdale, Vice President of People and Human Resources at Telesat. “Through this program, Fellows will acquire the necessary technical skills in satellites, telecommunications and engineering, which can lead to lasting change for Indigenous youth and their communities across Canada. »
The Hon. Dan Vandal, Minister for Northern Affairs, PrairiesCan and CanNor said: “Telesat’s new national scholarship program for Aboriginal youth is a great example of the importance of increasing diversity across all sectors of our economy. Through this scholarship, Indigenous youth will gain the STEM skills and experience needed to advance in Canada’s space sector, and our government is proud to support this initiative. »
Scholarship Partners Canada (SPC), a division of Universities Canada, will administer the Telesat Aboriginal Youth Scholarship Program and select a committee of Canadian university representatives and an application review committee led by Aboriginal members. Applicant evaluation criteria will include academic performance, quality/relevance of a written essay, letters of reference, relevance of academic and professional experience, and interview performance.
Scholarship applications are accepted until 1 PM ET on March 30, 2023. For more information about the scholarship program, eligibility, and application, visit https://www.telesat.com/indigenous-scholarships.
Building on a heritage of engineering excellence, industry-leading reliability and customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most innovative in the world. Telesat works collaboratively with its customers to deliver mission-critical connectivity solutions that solve the world’s most complex communications challenges, providing customers with powerful benefits that improve their operations and drive profitable growth.
To meet the connectivity needs of the future, Telesat Lightspeed, Telesat’s Low Earth Orbit (LEO) satellite network, is in constant innovation and will be the first and only LEO network optimized to meet stringent telecommunications, government, maritime and aviation needs . Telesat Lightspeed will redefine global satellite connectivity with ubiquitous and affordable broadband links at fiber-like speeds. For updates on Telesat, follow us on Chirping, LinkedInor visit www.telesat.com.
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This press release contains statements that are not based on historical facts, including a 2022 financial outlook, and are “forward-looking statements” under United States law. Private Securities Litigation Reform Law 1995 and Canadian securities laws. When used herein, statements that are not historical in nature or contain the words “will” or similar expressions are forward-looking statements. Actual results may differ materially from expectations expressed or implied by forward-looking statements due to known and unknown risks and uncertainties. All statements made in this press release are made only as of the date indicated at the beginning of this release. Telesat Corporation (the Telesat Company) undertakes no obligation to update the information contained in this news release if facts or circumstances change after the date of this news release.
These forward-looking statements are based on Telesat’s current expectations and are subject to a number of risks, uncertainties and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat’s control, are difficult to predict and could cause actual results to differ materially from those expressed or anticipated in forecasts. statements. Known risks and uncertainties include, but are not limited to: inflation, risks associated with the operation of satellites and the provision of satellite services, including delays in satellite construction or launch, failures, in-orbit failures, or degraded satellite performance ; the impact of COVID-19 on Telesat’s business and economic environment; the ability to successfully deploy an advanced global LEO satellite constellation and the timing of such deployment; the availability of government and/or other funding for the LEO satellite constellation; the collection of revenues relating to the reallocation of the C-band spectrum; exchange rate volatility; the ability to expand Telesat’s current use of satellites; and the risks associated with domestic and foreign government regulation. The above list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Company’s annual report on Form 20-F for the fiscal year ended December 31, 2021, which was filed March 18, 2022, and the reports on Form 6-K filed for the periods of the first three, six and nine months of 2022, with the Securities and Exchange Commission (“SEC”) of the US and Canadian securities regulators on the System for Electronic Document Analysis and Retrieval (“SEDAR”), and can be viewed on the SEC’s website at www.sec.gov and the SEDAR website at www.sedar.com.