ASRC Responds to News Regarding Former Quintillion CEO

In response to the news today regarding Quintillion’s former CEO, Elizabeth A. Pierce, Arctic Slope Regional Corporation is issuing the following statement:
"ASRC has a minority, non-controlling interest in the Quintillion Subsea Cable Project and will remain a minority investor. While the alleged behavior is not aligned with ASRC’s values, we applaud the Quintillion board of directors for their swift action upon discovery of this purported misconduct and their self-reporting to the Justice Department. This will not impact our involvement in the Subsea Cable Project. Having the ability to link our communities to the rest of the world by fiber optic remains a singular world-changing benefit to the ASRC region, and we will continue to support Quintillion’s efforts to improve broadband capabilities across the Arctic."

About ASRC

Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 13,000 today. Corporate headquarters are based in Utqiaġvik (Barrow), Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing approximately 12,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.

PO BOX 129 BARROW AK 99723 (907) 852-8633