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REF NO.: 52

SUBJECT: Memorial University releases 2001-2002 annual report
DATE: Dec. 11, 2002

Dr. Axel Meisen, president and vice-chancellor of Memorial University, officially released the university's 2001-2002 President's Report today. The report's theme is Vision, Action, Innovation. The report, available on CD and on the Web, contains the university's complete audited financial statements as well as a thorough review of some of the achievements and accomplishments of the last year in the areas of teaching, research and community service.

"Our vision is to enable our students to acquire a first-rate, well-rounded education, to provide our employees with an excellent working environment, and to serve the needs of communities in this province and around the world," Dr. Meisen said in the introduction to his report. ..."Vision, action and innovation are a powerful combination. When applied with enthusiasm and consistency, it can change our world. At Memorial University we dedicate ourselves to doing just that - now and in the future."

Examples of the university's efforts in the last year include the new multi-million partnership with Inco Ltd., to create the Inco Innovation Centre on the St. John's campus. In addition, Memorial undertook a partnership with universities and industry in Atlantic Canada to develop research initiatives on petroleum, marine and health issues, a partnership which will be undertaken with support of the Atlantic Innovation Fund.

Other highlights of the past year include the construction of new student residences on the Sir Wilfred Grenfell College campus in Corner Brook, the new marine station at Bonne Bay near Gros Morne National Park and the renovation of the campus at Harlow, England. The St. John's campus also opened the new Field House, creating one of the most comprehensive recreational complexes at any university in Canada.

"These and many other actions gave our students, faculty and staff new means to be highly innovative and creative in their studies and work," said Dr. Meisen. "We are also very pleased to report that research funding for this year reached $48-million, which is double what we were receiving just 10 years ago. These research dollars also contribute greatly to innovation here at Memorial."

Dr. Meisen presented the report to the Hon. Sandra Kelly, minister responsible for Youth Services and Post-Secondary Education, who noted that "The government is proud of the high quality education offered at Memorial University and success rates of its graduates."

The President's Report 2001-2002 is published in several formats, including a full-colour booklet with highlights and financial statements. The full report is available in CD-ROM format and is also accessible through the World Wide Web at www.mun.ca/2002report Memorial was the first Canadian university to release its annual report in CD ROM when the 1999-2000 report was released.

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