NEWS RELEASE

Ernst and Young Selects Josh Eckman, CEO of Carterra, as 2022 Entrepreneur of the Year® Mountain West Award Winner

Salt Lake City, Utah —August 31, 2022— Ernst & Young LLP (EY) has selected Josh Eckman, CEO of Carterra, as a 2022 Entrepreneur of the Year® Mountain West Award winner. EY Entrepreneur of the Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies. An independent panel of judges selected Mr. Eckman based on his entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes.

Mr. Eckman is a co-founder of Carterra, a leader in label-free, high-throughput biotherapeutic discovery and characterization technology. The company launched its flagship LSA platform in 2018 utilizing high-throughput Surface Plasmon Resonance (HT-SPR) technology and quickly made it the standard in 17 of the largest 20 pharmaceutical companies, biotechs, CROs, and government labs. Mr. Eckman’s entrepreneurial spirit was evident when in graduate school at the University of Utah he identified the market opportunity, developed the business plan, and advanced the technologies which were central to Carterra’s formation and the launch of its LSA platform. In 2020, Eli Lilly and Abcellera discovered Bamlanivimab, the world’s first COVID-19 therapeutic, using the LSA platform in a 90-day sprint.

“At Carterra we are passionate about providing innovative technologies to scientists who are developing life-saving therapies,” said Mr. Eckman.  “Our platform levels the playing field between small startups and large organizations and enables months of work to be completed in days.  We believe this will spur innovation and competition, which should ultimately impact the pricing and global availability of these amazing biotherapeutics.  We are honored that Ernst and Young has selected us for the Entrepreneur of the Year award.  For over 35 years, they have recognized audacious, game-changing business leaders and entrepreneurs who disrupted industries and created new product categories.  We are humbled to be a part of this rich legacy.”

As a Mountain West award winner, Mr. Eckman will now be considered by a national independent panel of judges for the 2022 Entrepreneur of the Year National Awards. National finalists and winners, as well as the Entrepreneur of the Year National Overall Award winner, will be announced in November at the annual Strategic Growth Forum®. The Entrepreneur of the Year National Overall Award winner will then move on to compete for the EY World Entrepreneur of the Year™ Award in June 2023.