Source: Dr. Douglas Loe 11/12/2024

Sernova Corp. (SVA:TSX.V; SEOVF:OTCQB; PSH:XERTA) should benefit from Sana Biotechnology's recent prioritization of its diabetes-targeted cell therapy programs, reported Leede Financial Inc. analyst Dr. Douglas Loe in a Nov. 6 research note. Now Sana's clinical programs in oncology and Huntington's disease are a secondary focus.

"Our model assumes that Sernova's cell reservoir device Cell Pouch will itself remain focused on Type 1 diabetes, and we are thus encouraged to see a U.S. peer prioritize its pipeline in ways that are consistent with our own views on how priorities in regenerative medicine will evolve in coming years," Loe wrote.

500% Potential Return

Leede has a CA$1.50 per share target price on Sernova, trading at the time of the report at about CA$0.25 per share, noted Loe.

"At current price levels, our price target corresponds to a one-year return of 500%, a return that we believe is imminently achievable by 2025E but likely with a milestone-driven, and not a linear, trajectory," the analyst wrote.

The company is a Speculative Buy.

Synergistic Potential Exists

Loe highlighted that Sernova and Sana could benefit from aligning their programs, on a timeline providing synergies to both.

"We are encouraged to see a leading regenerative firm choose to expedite its diabetes cell therapy program in preference to other initiatives that it could fund if it chose to," Loe wrote. "This is consistent with our own view that the most attractive medical market for regenerative firms, and for Sernova, to target is the large and growing diabetes market both for economic and technical reasons."

Sana's Diabetes Programs

Sana's primary focus is its program to treat Type 1 diabetes with its Phase 1-stage, hypo-immune platform (HIP)-modified primary pancreatic islet cell therapy UP421 and its preclinical HIP-modified, stem cell-derived pancreatic islet platform SC451.

Through this platform, regenerative cell therapies can be modified genetically to evade immune detection post implantation. This is achieved by reducing expression of major histocompatibility-complex, classes one and two human leukocyte antigens while increasing expression of CD24. This is a surface protein found on stem cells in the pancreas.

Sernova's Cell Reservoir Platform

As for Sernova, it has a well-vascularized, sustainably functioning cell reservoir platform, Cell Pouch, proven for some time. Development of regenerative islet platform technology is now catching up. Sernova has a clinical trial underway that combines the two technologies. This Phase 1 trial in diabetes, in partnership with the University of Chicago, already has shown "impressive long-term insulin independence data" up to five years in some study participants.

This is "well beyond what we believe is a reasonable threshold for the U.S. Food and Drug Administration to require for future Cell Pouch approval, at least for Type 1 diabetes," Loe wrote.

Currently, with regard to this program, Sernova optimizing background immunosuppression in Cell Pouch patients. Details of its new immunosuppressive regimen are expected in the biotech's next Phase 1 study update, likely in early H1/25.

"Future enrollees could be subjected to novel immunosuppressive therapies that conceivably could extend islet survival and perhaps even reduce the immunosuppressive burden that transplant patients must endure at present," Loe commented.

Further, Sernova is considering conducting a Phase 1 study using its Cell Pouch and Evotec AG's stem-cell-derived iBeta platform to treat diabetes. Before this can happen, though, Evotec needs to be able to produce iBeta at a clinical scale, which Loe expects can happen by H2/25.

"We see no reason why Sana and its UP421/SC451 modified islet platforms could not be incorporated into a Cell Pouch environment as a way to sustain their therapeutic half-life in the body post-implantation," wrote Loe.

Possible Stock Price Movers

Loe provided a handful of potential catalysts for Sernova's share price. They are:

1) Sernova's conclusion of its ongoing Phase 1 study in Type 1 diabetes with the University of Chicago, which Loe asserted should happen a quickly as possible given available capital. Also, the biotech should incorporate into this trial or a separate one to commence soon after, regeneratively produced pancreatic islets.

2) Sernova, in partnership with Sana, launching a Phase 1 iBeta/Cell Pouch trial late next year, which could boost Sernova's share price.

3) Sernova identifying additional developers of regenerative cell therapies with which it could combine Cell Pouch in mutually beneficial ways.

4) Sernova starting clinical programs in hemophilia A and in thyroid disease, expected to happen in the coming quarters.

5) Sernova incorporating its confocal cell coating technology into one or more future protocols for stem cell-derived pancreatic islet production, even its current Phase 1 diabetes trial with the University of Chicago. Before this can happen, however, coating polymer composition and manufacturing methodologies must be honed to meet good manufacturing practices specifications.

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Important Disclosures:

1. Sernova Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sernova Corp.
3. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
5. This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

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Disclosures for Leede Financial Inc., Sernova Corp., November 6, 2024

Important Information and Legal Disclaimers Leede Financial Inc. (Leede) is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). This document is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular investing strategy. Data from various sources were used in the preparation of these documents; the information is believed but in no way warranted to be reliable, accurate and appropriate. All information is as of the date of publication and is subject to change without notice. Any opinions or recommendations expressed herein do not necessarily reflect those of Leede. Leede cannot accept any trading instructions via e-mail as the timely receipt of e-mail messages, or their integrity over the Internet, cannot be guaranteed. Dividend yields change as stock prices change, and companies may change or cancel dividend payments in the future. All securities involve varying amounts of risk, and their values will fluctuate, and the fluctuation of foreign currency exchange rates will also impact your investment returns if measured in Canadian Dollars. Past performance does not guarantee future returns, investments may increase or decrease in value, and you may lose money. Leede employees may buy and sell shares of the companies that are recommended for their own accounts and for the accounts of other clients. Disclosure codes are used in accordance with Policy 3600 of CIRO.

The analyst or any associate of the analyst responsible for the report or public comment hold shares or is short any of the company's securities directly or through derivatives.

Leede provided investment banking services for the company during the 12 months preceding the publication of the research report.

Dissemination All final research reports are disseminated to existing and potential institutional clients of Leede Financial Inc. (Leede) in electronic form to intended recipients thorough e-mail and third-party aggregators. Research reports are posted to the Leede website and are accessible to customers who are entitled to the firm’s research. Reproduction of this report in whole or in part without permission is prohibited.

Research Analyst Certification The Research Analyst(s) who prepare this report certify that their respective report accurately reflects his/her personal opinion and that no part of his/her compensation was, is, or will be directly or indirectly related to the specific recommendations or views as to the securities or companies. Leede Financial Inc. (Leede) compensates its research analysts from a variety of sources and research analysts may or may not receive compensation based upon Leede investment banking revenue.

Canadian Disclosures This research has been approved by Leede Financial Inc. (Leede), which accepts sole responsibility for this research and its dissemination in Canada. Leede is registered and regulated by the Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF). Canadian clients wishing to effect transactions in any designated investment discussed should do so through a Leede Registered Representative.

U.S. Disclosures This research report was prepared by Leede Financial Inc. (Leede). Leede is registered and regulated by the Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF). This report does not constitute an offer to sell or the solicitation of an offer to buy any of the securities discussed herein. Leede is not registered as a broker-dealer in the United States and is not subject to U.S. rules regarding the preparation of research reports and the independence of research analysts. Any resulting transactions should be effected through a U.S. broker-dealer.

( Companies Mentioned: SVA:TSX.V;SEOVF:OTCQB;PSH:XERTA, )

India's legal system, while respected, grapples with a backlog of over five crore cases. Artificial intelligence offers a potential solution by streamlining legal research, predicting case outcomes, and identifying risks. However, AI's limitations in understanding complex legal concepts and ethical concerns regarding data privacy and potential misuse necessitate human oversight.

Black Box Ltd, Essar's technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.

Check your customer records to increase your service business. 

Burberry has introduced its first virtual scarf try-on experience in its ‘Wrapped in Burberry’ holiday campaign. Partnering with AR provider WANNA, the immersive experience lets customers view iconic Burberry scarves in real-time, with over 50 styles and two classic options. Available online and in select stores, customers can share images and directly access product pages for purchases.

Event Begins: Thursday, November 14, 2024 7:00pm
Location: Off Campus Location
Organized By: LSA Transfer Student Center

Join a panel of LSA Transfer Student Ambassadors to learn more about the transfer student experience. The Ambassadors will be chatting about the academic transition to U-M, how to get involved on campus, housing, all the amazing programs and support for transfer students, and any other questions that you have. Join us even if you don't have specific questions.

Please register with link at the right. After you register you will receive the Zoom login.

Event Begins: Thursday, November 14, 2024 6:00pm
Location:
Organized By: University Career Center

Are you a student or recent graduate passionate about making a difference? Join us this fall for our virtual information sessions hosted by the Partnership for Public Service! Our Call to Serve team is excited to guide you through the pathways to impactful careers in the federal government. The Partnership’s Call to Serve team will share: 
Entry-level government opportunities, including internship and fellowship programs.
Practical tips to navigate the federal hiring process.
Tools for effectively searching government jobs.
This is a unique chance to gain valuable insights and set yourself on a path to make a meaningful impact in the federal government. Don’t miss out—spaces are limited, so secure your spot today by signing up here.  Participants are required to sign up on our website, do not sign up via Handshake! 

Event Begins: Thursday, November 14, 2024 6:00pm
Location:
Organized By: University Career Center

Alvarez & Marsal (A&M) is excited to invite you to our Women in Restructuring Virtual Presentation! This session is to celebrate our core value of Inclusive Diversity and the growth of our women talent across our offices! We also will discuss our open consulting restructuring internship opportunities for 2026. This event is open to all studentrepresentation.   About A&M Restructuring: Privately-held since 1983, Alvarez & Marsal (“A&M”) is a leading global professional services firm that delivers performance improvement, turnaround management, and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action.   For over 40 years A&M has been a trusted advisor to our Turnaround and Restructuring clients. Our team works on some of the most complex and interesting projects available. If you're interested in restructuring consulting and looking fora new challenge, a fast-paced team environment and an inclusive culture, check out our presentation!  #Likewhatyoudo #lovewhoyoudoitwith 

Event Begins: Thursday, November 14, 2024 3:30pm
Location:
Organized By: University Career Center

CLIENT TRAINER ROLES AT MEDITECH!Join our Career Panel to learn more about the many hybrid opportunities at MEDITECH, our culture, and benefits - and network with members of our team. We're looking forward to meeting you! Sign up via Handshake, or email jobs@meditech.com to receive joining info for the event! #MeaningfulCareers #MEDITECHCareersCheck us out on the MEDITECH Handshake page & MEDITECH LInkedIN to learn more about our locations in Georgia, Massachusetts, and Minnesota!

Event Begins: Thursday, November 14, 2024 3:00pm
Location:
Organized By: University Career Center

Are you looking at a future career in healthcare and need clinical experience?  If so, join us for our upcoming virtual info session to learn more about our medical scribe positions! If you are unable to attend this session, no worries we are offering severalother sessions throughout the month!  Click on the RSVP link above to find a time that works with your schedule! 

Event Begins: Thursday, November 14, 2024 2:00pm
Location:
Organized By: University Career Center

We are excited to inform you that we will be hosting a Sanitation Facilities Construction Virtual Career Fair Event, on Thursday, November 14, 2024 at 2:00 pm (ET) - 3:00 pm (ET). This presents a great opportunity for us to engage with talented candidates who are eager to learn more about our organization and potential careeropportunities. Thank you and we look forward to meeting with you! Thank you. SFC Hiring Team

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

Fall Into A Classroom by Joining Beaufort County School District's Fall Virtual Hiring Event! The Recruiting Team for Beaufort County School District (BCSD) in South Carolina is seeking the best and brightest teachersfor a January 2024 start! Located south ofCharleston and north of Savannah, the Beaufort County School District isa diverse community encompassing Bluffton, Beaufort, and Hilton Head. If you like plentiful sunshine, intercoastal waterways and hundreds of miles of beaches, it might be just the place for you! We are hosting a hiring event for upcoming December graduates interested in a certified teaching position in January! We pride ourselves on creating an amazing environment for new college graduates to thrive from around the country! We are excited to announce that we offer the following life-changing perks! $51,816 First Year Tacher Salary | One of the Top Paying Districts in South CarolinaLocality Supplement of $1,500 each year (Only $750 for January – May)Comprehensive Induction and Mentoring Program of Support for Career GrowthCompetitive Benefits and Retirement PackageNo Cost & Anonymous Virtual Mental Health CounselingEducational Support for TeachersPrime Opportunities for Internal Career MobilityAn Abundance of Professional Development OpportunitiesBeautiful Location, Weather and LifestyleClose to Charleston (SC), Savannah (GA) and Jacksonville (FL) We would love to invite you to register to our virtual hiring event which we will hold on November 14th, from 1pm-5pm. To get started, complete an application via Frontline. Once you have completed your online application, you will be ableto select an interview time that works best for you via Calendly. If you are ready to learn more about our school district, check out our Back to School Video, highlighting some of our schools in the county.  Are you wondering what makes Beaufort County School District so special? Our amazing teachers have the answers! ????✨ Check out these inspiring stories from our educators, sharing why they chose to join BCSD and what makes our community the perfect place to grow, learn, and make a difference. ❤️???? ???? Watch their stories here and discover the heart and passion that drive our schools! #WhyBCSD #LiveWhereYouLoveLoveWhereYouWork We cannot wait to meet you! The Recruiting TeamBeaufort County School District (SC)bcsdrecruiters@beaufort.k12.sc.usOffice Number: 843-379-6920

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

Amazon Warehouse Virtual Information Session!Military vets, active duty, and spouses — get set for success on November 14th Get all your questions answered regarding the job, pay, student resources and schedules while learning how our warehouse roles are uniquely positioned to support you — no matter where you might be in your career or military transition.When: Thursday November 14th 2024Time: 1:00 PM ESTRSVP Here: https://zoom.us/webinar/register/1017280581322/WN_dOG-T4BAQd-ZpeY4Olw2UAWhen you start now, you can take home something greater – competitive pay, a range of real benefits, and opportunities for career advancement – it’s the difference all those things make together. Attend our upcoming event to learn more about these exciting opportunities.Can'tmake it? Create your job profile today by visiting  amazon.com/info New shifts drop every Friday evening and throughout the weekSign up for our text alerts by texting "JOBEVENT" to 31432* By participating, you agree to the terms and privacy policy at sms-terms.com/amazon for recurring autodialed marketing messages from Amazon, to the phone number you provide. No consent required to buy. Message and data rates may apply. Text HELP for help or STOPto end.Need an accommodation?If you have a disability and need an accommodation during the application and hiring process, please visit amazon.com/accommodations or contact us by phone at 888-435-9287, Monday through Friday, between 6 a.m. and 4 p.m.PT.If you receive and accept an offerYou will need to provide proof of your identity and employment eligibility as required by federal law by completing a Form I-9. Amazon is proud to be an equal opportunity employer.

Event Begins: Thursday, November 14, 2024 9:00am
Location:
Organized By: University Career Center

Did you know that if you have at least a bachelor's degree in any area, you may be eligible for teaching certification? During this virtual information session, you will learn about the steps to become certified to teach in Florida and get a snapshot of our career opportunities, benefits, employee perks, and more!To receive a meeting link, register here: https://forms.office.com/r/MMpsLGrGRiThe Osceola School District is located in Centra Florida - https://www.osceolaschools.net/Connect with us!https://www.linkedin.com/company/osceolaschoolsfl/https://www.facebook.com/SDOCHumanResources.  

Proteomics International Announces Director Departure  TipRanks

BISHKEK, 12 July 2016 – A two-day training course on effective investigation of cases of torture conducted by the OSCE Centre in Bishkek in co-operation with the General Prosecutor’s Office and its Prosecutors’ Training Centre ended today in the Kyrgyz capital.

Twenty-four public prosecution officers from Chui, Issyk-Kul, Jalalabad, Talas and Osh provinces had a chance to enhance their knowledge of the notion of “torture” as a criminal offence and the criteria for efficient investigation of torture allegations. The participants also received a comprehensive insight into the mechanisms of prevention of gender-based violence and the specifics of victim assistance.

“According to the Constitution of the Kyrgyz Republic, human rights and fundamental freedoms have supreme value. No one may be subjected to torture or other cruel, inhuman or degrading treatment or punishment. In this regard, prevention of torture and effective investigation of torture allegations represent one of the key priorities in the work of the prosecutorial bodies,” said Damira Kaimova, Director of the Prosecutors’ Training Centre under the General Prosecutor’s Office.

The training elicited a vigorous debate among the participants on the challenges arising during investigation of torture allegations. The attendees also exchanged best practices applied within their respective duty stations to address these challenges.

The training course is part of the OSCE Centre’s project on promoting a comprehensive approach to the rule of law, administration of justice, prevention of torture and capacity building.         

UK Startup Naturbeads Secures Series A Round to Further Pioneering Technology That Addresses Worldwide Microplastic Pollution  Business Wire

Amsterdam-based startup Sympower has secured €21mn as it looks to scale its grid-balancing technology. Sympower partners with businesses that use a large amount of electricity. It gains access to some of their energy assets and can turn them on and off when the grid requires balancing — a process called demand response. Sympower’s software platform uses AI to analyse data and optimise when and how much power businesses can sell at any given time, making energy use adjustments more effective and profitable for all parties.  Grid operators pay Sympower to stabilise the energy supply. The company passes most of that…

This story continues at The Next Web

Un start-up de jóvenes israelíes gana un prestigioso premio con un bar musical muy real en Facebook donde se puede invitar a copas, bailar  y conocer gente nueva.

La tecnología 3D ha permitido recorrer las cárceles del ISIS en Irak y Siria y documentar sus crímenes de guerra. La exposición ha sido posible gracias al testimonio de decenas de ex presos Leer

Recurre en amparo la inadmisión a trámite en un juzgado de Barcelona de la querella presentada por dos hermanos Leer

La reciente visita de Mª Dolores de Cospedal a Elche para el acto de proclamación de la candidata popular a la alcaldía ha desatado toda clase de comentarios e interpretaciones, algunas con cierto fundamento y otras en la órbita de los acontecimientos planetarios socialistas.

Mientras la realidad virtual o los bots son dos tendencias que tardarán en asentarse, el vídeo en 360º es una realidad con la que los medios ya deben comenzar a experimentar. Es asequible, sencillo y no hace falta calzarse un casco para disfrutar de la experiencia.

By Aaron Stillman, Head of Product Marketing at Tresorit.

Research shows that 81 per cent of UK businesses handle digitised personal data, digitised non-personal data, or both, making secure and efficient data management crucial, particularly when critical transactions and confidential processes are at play. This is where virtual data rooms (VDRs) become invaluable.

Incantation will play Mortal Throne Of Nazarene, too.

In the locker room, players came to Forsyth’s defense with similar intensity.

Step on board for a virtual journey, with a photo gallery featuring the many boats that navigate Bermuda’s beautiful waters. This 20-minute virtual show from Bernews is relaxing and scenic; showcasing sailboats, cruise ships, yachts, superyachts, speedboats and more, set to soft music and the sounds of the sea. With its calming visuals and sounds, […]

For Europe to remain both a decarbonisation pioneer and competitive, it must focus on three key priorities: common financing, strategic coordination, and support for demand.

After four years abroad, Grubhub is coming back home. Netherlands-based Just Eat Takeaway will sell the food delivery service to billionaire entrepreneur Marc Lore’s restaurant startup Wonder in a deal worth $650 million. Just like the lukewarm food it sometimes delivers, Grubhub’s performance in…

For the first time in four years, Democrats are leaderless. But chaos is a ladder, as the saying goes, and the party is packed with climbers.

A federal jury on Tuesday found US defense contractor CACI International liable for its role in torture at the Abu Ghraib prison near Baghdad during the Iraq war.

new york — A U.S. appeals court on Wednesday threw out a $1.68 billion judgment against Iran's central bank that had been won by family members of troops killed and injured in the 1983 bombing of the U.S. Marine Corps barracks in Beirut.  The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge should have addressed questions of state law before ruling against Bank Markazi and Luxembourg intermediary Clearstream Banking, a unit of Deutsche Boerse.  In a 3-0 decision, the panel also rejected a claim that a 2019 federal law designed to make it easier to seize Iranian assets held outside the United States waived Bank Markazi's sovereign immunity.  That law "neither abrogates Bank Markazi's jurisdictional immunity nor provides an independent grant of subject matter jurisdiction," Circuit Judge Robert Sack wrote.    The court returned the case to U.S. District Loretta Preska, in Manhattan to address state law questions in the 11-year-old case, and whether the case can proceed in Bank Markazi's absence.  Bombing victims sought to hold Iran liable for providing material support for the October 23, 1983, suicide attack that killed 241 U.S. service members, by seizing bond proceeds held by Clearstream in a blocked account on Bank Markazi's behalf.  Bank Markazi claimed immunity under the Foreign Sovereign Immunities Act, which generally shields foreign governments from liability in U.S. courts.  Lawyers for the plaintiffs did not immediately respond to requests for comment. Bank Markazi's and Clearstream's lawyers did not immediately respond to similar requests.  Iran, other U.S.-designated sponsors of terrorism, and banks accused of providing services to terrorists face thousands of claims in U.S. courts by victims and their families. It is often difficult for these claimants to collect judgments.  In the Bank Markazi case, the plaintiffs sued in 2013 to partially satisfy a $2.65 billion default judgment they had won against Iran in 2007.  Another judge dismissed the case in 2015, but the 2nd Circuit Court revived it in 2017.  Then in 2020, the U.S. Supreme Court ordered a fresh review in light of the 2019 law, which then-President Donald Trump signed as part of the National Defense Authorization Act.  The plaintiffs have said they hold more than $4 billion of judgments against Iran and have been unable to collect for decades.  The case is Peterson et al v. Bank Markazi et al, 2nd U.S. Circuit Court of Appeals, No. 15-690. 

In the early 1990s, the unprecedented wave of aliyah followed the fall of the USSR. A million olim came to Israel and ensured that the country would keep growing.

At 8:30 p.m. on 16 May 1916, John J. Carty banged his gavel at the Engineering Societies Building in New York City to call to order a meeting of the American Institute of Electrical Engineers. This was no ordinary gathering. The AIEE had decided to conduct a live national meeting connecting more than 5,000 attendees in eight cities across four time zones. More than a century before Zoom made virtual meetings a pedestrian experience, telephone lines linked auditoriums from coast to coast. AIEE members and guests in Atlanta, Boston, Chicago, Denver, New York, Philadelphia, Salt Lake City, and San Francisco had telephone receivers at their seats so they could listen in.

The AIEE, a predecessor to the IEEE, orchestrated this event to commemorate recent achievements in communications, transportation, light, and power. The meeting was a triumph of engineering, covered in newspapers in many of the host cities. The Atlanta Constitution heralded it as “a feat never before accomplished in the history of the world.” According to the Philadelphia Evening Ledger, the telephone connections involved traversed about 6,500 kilometers (about 4,000 miles) across 20 states, held up by more than 150,000 poles running through 5,000 switches. It’s worth noting that the first transcontinental phone call had been achieved only a year earlier.

Carty, president of the AIEE, led the meeting from New York, while section chairmen directed the proceedings in the other cities. First up: roll call. Each city read off the number of members and guests in attendance—from 40 in Denver, the newest section of the institute, to 1,100 at AIEE headquarters in New York. In all, more than 5,100 members attended.

Due to limited seating in New York and Philadelphia, members were allowed only a single admission ticket, and ladies were explicitly not invited. (Boo.) In Atlanta, Boston, and Chicago, members received two tickets each, and in San Francisco members received three; women were allowed to attend in all of these cities. (The AIEE didn’t admit its first woman until 1922, and only as an associate member; Edith Clarke was the first woman to publish a paper in an AIEE journal, in 1926.)

These six cities were the only ones officially participating in the meeting. But because the telephone lines ran directly through both Denver and Salt Lake City, AIEE sections in those cities opted to listen in, although they were kept muted; during the meeting, they sent telegrams to headquarters with their attendance and greetings. In a modern-day Zoom call, these notes would have been posted in the chat.

The first virtual meeting had breakout sessions

Once everyone had checked in and confirmed that they all could hear, Carty read a telegram from U.S. President Woodrow Wilson, congratulating the members on this unique meeting: “a most interesting evidence of the inventive genius and engineering ability represented by the Institute.”

Alexander Graham Bell then gave a few words in greeting and remarked that he was glad to see how far the telephone had gone beyond his initial idea. Theodore Vail, first president of AT&T and one of the men who was instrumental in establishing telephone service as a public utility, offered his own congratulations. Charles Le Maistre, a British engineer who happened to be in New York to attend the AIEE Standards Committee, spoke on behalf of his country’s engineering societies. Finally, Thomas Watson, who as Bell’s assistant was the first person to hear words spoken over a telephone, welcomed all of the electrical engineers scattered across the country.

At precisely 9:00 p.m., the telephone portion of the meeting was suspended for 30 minutes so that each city could have its own local address by an invited guest. Let’s call them breakout sessions. These speakers reflected on the work and accomplishments of engineers. Overall, they conveyed an unrelentingly positive attitude toward engineering progress, with a few nuances.

In Boston, Lawrence Lowell, president of Harvard University, said the discovery and harnessing of electricity was the greatest single advancement in human history. However, he admonished engineers for failing to foresee the subordination of the individual to the factory system.

In Philadelphia, Edgar Smith, provost of the University of Pennsylvania, noted that World War I was limiting the availability of certain materials and supplies, and he urged more investment in developing the United States’ natural resources.

Charles Ferris, dean of engineering at the University of Tennessee, praised the development of long-distance power distribution and the positive effects it had on rural life, but worried about the use of fossil fuels. His chief concern was running out of coal, gas, and oil, not their negative impacts on the environment.

More than a century before Zoom made virtual meetings a pedestrian experience, telephone lines linked auditoriums from coast to coast for the AIEE’s national meeting.

On the West Coast, Ray Wilbur, president of Stanford, argued for the value of dissatisfaction, struggle, and unrest on campus as spurs to growth and innovation. I suspect many university presidents then and now would disagree, but student protests remain a force for change.

After the city breakout sessions, everyone reconnected by telephone, and the host cities took turns calling out their greetings, along with some engineering boasts.

“Atlanta, located in the Piedmont section of the southern Appalachians, among their racing rivers and roaring falls, whose energy has been dragged forth and laid at her doors through high-tension transmission and in whose phenomenal development no factor has been more potent than the electrical engineers, sends greetings.”

“Boston sends warmest greetings to her sister cities. The telephone was born here and here it first spoke, but its sound has gone out into all lands and its words unto the ends of the world.”

“San Francisco hails its fellow members of the Institute…. California has by the pioneer spirit of domination created needs which the world has followed—the snow-crowned Sierras opened up the path of gold to the path of energy, which tonight makes it possible for us on the western rim of the continent of peace to be in instant touch with men who have harnessed rivers, bridled precipices, drawn from the ether that silent and unseen energy that has leveled distance and created force to move the world along lines of greater civilization by closer contacts.”

That last sentence, my editor notes, is 86 words long, but we included it for its sheer exuberance.

Maybe all tech meetings should have musical interludes

The meeting then paused for a musical interlude. I find this idea delightfully weird, like the ballet dream sequence in the middle of the Broadway musical Oklahoma! Each city played a song of their choosing on a phonograph, to be transmitted through the telephone. From the south came strains of “Dixie,” countered by “Yankee Doodle” in New England. New York and San Francisco opted for two variations on the patriotic symbolism of Columbia: “Hail Columbia” and “Columbia the Gem of the Ocean,” respectively. Philadelphia offered up the “Star-Spangled Banner,” and although it wasn’t yet the national anthem, audience members in all auditoriums stood up while it played.

For the record, the AIEE in those days took entertainment very seriously. Almost all of their conferences included a formal dinner dance, less-formal smokers, sporting competitions, and inspection field trips to local sites of engineering interest. There were even women’s committees to organize events specifically for the ladies.

I suspect no one in attendance would have predicted that in the 21st century, people groan at the thought of another virtual meeting.

After the music, Michael Pupin delivered an address on “The Engineering Profession,” a topic that was commonly discussed in the Proceedings of the AIEE in those days. Remember that electrical engineering was still a fairly new academic discipline, only a few decades old, and working engineers were looking to more established professions, such as medical doctors, to see how they might fit into society. Pupin had made a number of advancements in the efficiency of transmission over long-distance telephone, and in 1925 he served as the president of the AIEE.

The meeting concluded with resolutions, amendments, acceptances, and seconding, following Robert’s Rules of Order. (IEEE meetings still adhere to the rules.) In the last resolution, the participants patted themselves on the back for hosting this first-of-its-kind meeting and acknowledging their own genius that made it possible.

The Proceedings of the AIEE covered the meeting in great detail. Local press accounts offered less detail. I’ve found no evidence that they ever tried to replicate the meeting. They did try another experiment in which a member read the same paper at meetings in three different cities so that there could be a joint discussion about the contents. But it seems they returned to their normal schedule of annual and section meetings with technical paper sessions and discussion.

And nowhere have I found answers to some of the basic questions that I, as a historian 100 years later, have about the 1916 event. First, how much did this meeting cost in long-distance fees and who paid for it? Second, what receivers did the audience members use and did they work? And finally, what did the members and guests think of this grand experiment? (My editor would also like to know why no one took a photo of the event.)

But in the moment, rarely do people think about what later historians may want to know. And I suspect no one in attendance would have predicted that in the 21st century, people groan at the thought of another virtual meeting.

Prior to forming Gilz, founder Josh Kefauver worked for the U.S. Agency for International Development, specifically at the U.S. Embassy in Rwanda. During that time, he always had a motorcycle to commute to and from work and for recreational use.

The new Republican leader can get a lot accomplished, but it won’t be an easy task.

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