OTTAWA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced its selection as a National Capital Region’s Top Employer for 2024 by Mediacorp Canada Inc., organizers of the annual Canada’s Top 100 Employers project. This prestigious recognition underscores Telesat’s commitment to creating an exceptional workplace environment and fostering a culture of excellence.

The National Capital Region’s Top Employers is a special designation that recognizes employers in the Ottawa-Gatineau area. In addition to the selection reasons noted by the editors at Mediacorp, Telesat implemented a wide range of initiatives to support its employees including comprehensive benefits packages that extend past retirement, retirement planning, and financial incentives. These efforts have not only enhanced the overall employee experience, but also positioned Telesat as an industry leader in attracting and retaining top talent.

“Telesat’s culture embraces inclusion, collaboration, and empowerment for each employee to take initiative and develop creative solutions to support the company’s mission,” stated France Teasdale, Telesat’s Vice President of People. “Our greatest asset is our people, and being acknowledged as a top employer for fostering a workplace where innovation, diversity, and employee well-being are valued is a tremendous honour."

Telesat's employees are at the forefront of innovation, working passionately to bridge the digital divide. Through Telesat Lightspeed, the company's revolutionary low earth orbit (LEO) satellite constellation, they are expanding the reach of 5G networks and enabling affordable, broadband data connectivity worldwide. This ambitious initiative, the largest space program in the company’s - and Canada's - history, will not only transform connectivity, but also create over hundreds of high-quality jobs in the National Capital Region. Current full-time and co-op job openings can be viewed at https://www.telesat.com/careers.

As Telesat continues to push boundaries and shape the future of connectivity, this accolade reinforces its commitment to providing an extraordinary work environment, where employees feel valued and inspired to achieve their best.

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most innovative 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. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us @Telesat on X, LinkedIn, or visit www.telesat.com.

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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 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words “will,” or similar expressions, are forward-looking statements. 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. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release.

These forward-looking statements are based on Telesat Corporation’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 Corporation’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat’s business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; Telesat’s ability to enter into definitive funding agreements with the company’s Canadian federal and provincial government partners, and to meet the funding conditions of those agreements and of its vendor financing; technological hurdles, including our and our contractors’ development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors’ supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat’s ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation’s annual report on Form 20-F for the year ended December 31, 2022, that was filed on March 29, 2023, with the United States Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval (“SEDAR”), and may be accessed on the SEC’s website at https://www.sec.gov/ and SEDAR’s website at https://www.sedarplus.ca/ as well as our subsequent reports on Form 6-K filed with the SEC and also available on SEDAR.