Fourth Redknee Loran Award Sponsors Undergraduate Student
TORONTO, Aug. 28 /CNW/ - Redknee (TSX: RKN), a leading provider of
business-critical software and solutions for communications service providers,
is pleased to announce the newest recipient of the Redknee sponsored Loran
Award, Alison Lee, who will begin her studies at University of Waterloo
shortly. The Loran Award is granted in conjunction with the Canadian Merit
Scholarship Foundation, which provides funding for undergraduate studies and
an enrichment program for talented young Canadians.
For the past 10 years, Redknee has been an associate supporter of the
program, providing scholarships worth up to $75,000 over four years. Alison
will be Redknee's fourth recipient of the award, where the company hopes she
will eventually join Loran Award alumni including Redknee's chief executive,
Lucas Skoczkowski, and its head of EMEA operations, Chris Newton Smith.
Redknee's CEO Lucas Skoczkowski commented:
"As a proud Canadian company, we are active supporters of local talent.
Having experienced the great value of the Loran Award myself, I feel a strong
affinity for the Canadian Merit Scholarship Foundation and am a true believer
in its cause. The emphasis it places on giving talented Canadians the support
and encouragement they need to grow as active citizens, makes Redknee proud to
contribute to this valuable experience."
The Canadian Merit Scholarship Foundation prides itself on selecting
recipients who not only excel academically but also show strength in
character, service and leadership. As one of 30 award recipients selected from
more than 3,600 applicants, Alison Lee, a student at Marc Garneau Collegiate
in North York, ran a multi-school clean up of several local parks in aid of
Earth Week. In addition, Alison was a gold medallist at the 2007 Canada-Wide
Science Fair, heads her soccer and hockey teams, swims, and plays the flute.
Alison will be studying nanotech engineering at the University of Waterloo in
the fall of 2009.
As an associate supporter of the Canadian Merit Scholarship Foundation's
Loran Award, Redknee will support Alison's undergraduate studies with a
scholarship worth up to $75,000 over four years. Her award includes an $8,000
cash stipend, matched by a tuition waiver from one of 24 Canadian
universities, as well as $7,500 in funding for three kinds of summer
experiences: public policy, enterprise and personal/community development.
Alison will also be mentored by a community leader during her undergraduate
Of the 30 awards granted, 15 are underwritten by The W. Garfield Weston
Foundation. Donations from universities, individuals, foundations and
corporations such as Redknee, underwrite the full costs of the remaining Loran
James Appleyard, chairperson of the Canadian Merit Scholarship Foundation
"For more than 20 years, the Canadian Merit Scholarship Foundation has
been committed to young local talent. But we wouldn't be able to do it without
the support from successful Canadian companies such as Redknee. We are very
grateful for Redknee's involvement over the past ten years, which has enabled
us to continue to provide hundreds of gifted students with funding for
undergraduate study scholarships, as well as valuable mentoring experience."
Redknee is a leading global provider of innovative communication software
products, solutions and services. Redknee's award-winning solutions enable
operators to monetize the value of each subscriber transaction while
personalizing the subscriber experience to meet mainstream, niche and
individual market segment requirements. Redknee's revenue generating solutions
provide advanced converged billing, rating, charging and policy for voice,
messaging and new generation data services to over 70 network operators in
over 50 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is
the parent of the wholly-owned operating subsidiary Redknee Inc. and its
various subsidiaries. References to Redknee refer to the combined operations
of those entities. For more information, visit www.redknee.com.
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