Mr. Blair Miller reports

TELUS POLLINATOR FUND INVESTS IN DRYAD NETWORKS, HELPING TO COMBAT THE DEVASTATING EFFECTS OF WILDFIRES

Telus Corp.'s Telus Pollinator Fund for Good is making an equity investment into Series A financing of Dryad Networks, a German start-up that provides ultraearly wildfire detection through large-scale IoT (Internet of Things) networks and sensors that can detect fires as early as their smouldering phase. This greatly reduces the risk of fires spreading out of control and can help prevent the escalating costs and environmental impacts of wildfires, including biodiversity loss and health issues related to poor air quality. With the amount of forest burned by wildfire that is projected to double by 2050, the Telus Pollinator Fund's investment will contribute to address this growing environmental emergency by accelerating the deployment of Dryad's technology to protect forests and to reduce carbon dioxide emissions resulting from wildfires.

"Telus recognizes that there is an urgent need to scale innovative wildfire detection technologies, and that's why the Pollinator Fund is investing in Dryad," said Blair Miller, managing partner, Telus Pollinator Fund. "More than 10 million hectares -- an area about three times the size of Belgium -- have already burned this year in Canada alone, and the annual national cost of fire protection exceeded $1-billion for six of the last 10 years. Not only can Dryad sensors limit economic losses, but they also have a significant impact in the fight against climate change. They protect vital ecosystems and can even save human lives by alerting first responders within minutes of a wildfire starting."

Dryad's technology uses gas sensors that are trained to detect smoke and it sends alerts once gas is detected, giving first responders critical time to get to the fire before it spirals out of control. Dryad's solution is capable of operating in remote regions and uses IoT technology to extend the mobile network coverage areas. The solution is already deployed with private and public clients in Europe, South America and the United States and the Telus Pollinator Fund's investment will help the start-up further scale in the United States and into Canada. Dryad's goal by 2030 is to deploy 120 million sensors around the world and to protect nearly four million hectares of forest.

"We are delighted to receive the investment from the Telus Pollinator Fund for Good," said Carsten Brinkschulte, co-founder and chief executive officer at Dryad Networks. "This funding will support us to scale our ultraearly wildfire detection technology and make a significant impact in combating the escalating wildfire risk. By deploying our wireless sensor network, we aim to protect vital ecosystems and prevent massive CO2 [carbon dioxide] emissions, driving climate change. Together with Telus, we are committed to addressing the critical issue of wildfires and building more resilient communities."

About the Telus Pollinator Fund for Good

The Telus Pollinator Fund for Good, launched with an initial $100-million investment, is one of the world's largest corporate social impact funds and focuses its investments on for-profit companies and founders committed to driving social innovation. The Telus Pollinator Fund is an extension of Telus's long-standing commitment to leveraging the power of technology to drive positive social and environmental outcomes for all Canadians by financing the development of solutions for transforming health care, caring for the planet, supporting responsible agriculture and enabling inclusive communities.