News Release

REF NO.: 2

SUBJECT: Emera Innovation Exchange launched on Memorial's Signal Hill Campus

DATE: September 6, 2018

Emera Inc. and Memorial University of Newfoundland are pleased to announce the public engagement and innovation space at Memorial’s new Signal Hill Campus will be named the Emera Innovation Exchange.

The naming recognizes a significant contribution of $7 million from Emera, an investment that will support innovation and entrepreneurship programming in Newfoundland and Labrador.

“We believe in supporting and developing the leaders and ideas of tomorrow,” said Scott Balfour, Emera president and CEO. “By helping to provide this collaborative space to foster innovation and entrepreneurship, we’re not only supporting students at Memorial, we’re also proudly supporting economic development in Newfoundland and Labrador.”

This announcement marks the beginning of an exciting period as a number of university departments and staff are moved into the Emera Innovation Exchange. Final touches are being made to the modern conference and meeting spaces that will support unique, public-facing programming and enable the partnerships and community collaboration that are central to this initiative.

“When we initially acquired the property in 2013, we envisioned an environment for our students, faculty and researchers to thrive, to push the boundaries of innovation and entrepreneurial thinking and make a real impact on our communities,” said Dr. Gary Kachanoski, president and vice-chancellor, Memorial University. “By naming this space the Emera Innovation Exchange, we can celebrate Emera’s support of Memorial’s innovation goals – helping us empower a new generation of innovators and entrepreneurs.”

The contribution from Emera will sustain and enhance student innovation and entrepreneurial programming through entities at Memorial University that include the Memorial Centre for Entrepreneurship, the Centre for Social Enterprise, Genesis and other innovation initiatives. By enabling the long-term success of entrepreneurial and social enterprise programming at Memorial, Emera is also fostering economic development and social benefits for the entire region.

An official opening and public event to celebrate the university’s new Signal Hill Campus is planned for Sept. 29. More information on these events will be available soon.
About Memorial University
Memorial University of Newfoundland is a community of more than 18,000 students from nearly 100 countries and over 90,000 alumni worldwide. Established in 1925, it is a living memorial to those who lost their lives in the First World War. As a registered charity, Memorial has received generous support throughout its history, including at the time of its opening a grant from the Carnegie Corporation that enabled the university college to offer several academic programs. This culture of private philanthropy and industry investment continues to this day. In 2018, Memorial is home to world-class teaching, research and public engagement that is locally relevant and globally significant. Offerings include a comprehensive range of certificate, diploma, undergraduate, graduate and postgraduate programs across multiple campuses, complemented by extensive online courses and degrees.

About Emera Newfoundland and Labrador
Emera Newfoundland and Labrador, a N.L.-based company, is a wholly-owned subsidiary of Emera with $2 billion invested in connection with the Lower Churchill Project, in partnership with Nalcor.

About Emera Inc.
Emera is a geographically diverse energy and services company headquartered in Halifax, N.S., with approximately $30 billion in assets and 2017 revenues of more than $6 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America and in four Caribbean countries. Emera continues to target achieving a minimum of 75 per cent of its adjusted net income from rate?regulated businesses. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

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