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Reed was a member of the National Academy of Engineering (1979) and a Fellow of the IEEE (1973), a winner of the Claude E. Shannon Award, the IEEE Computer Society Charles Babbage Award, the IEEE Richard W. Hamming Medal (1989) and with Gustave Solomon, the 1995 IEEE Masaru Ibuka Award. In 1998 Reed received a Golden Jubilee Award for Technological Innovation from the IEEE Information Theory Society.