M-tron Industries, Inc.

Good day and welcome to the Emtron PTI Investor Update. Today's call is being recorded. Following today's presentation, we will have a question and answer session. If you would like to ask a question on the phone lines, you can press star one on your telephone keypad. To remove yourself from the queue, you can press star one again. I would now like to turn today's call over to James Tivey, CFO. Please go ahead, sir.

Good morning, everyone. Welcome to Emtron PTI's Investor Update and presentation of our Q3 results. I just want to remind investors regarding forward-looking statements which will be included within this presentation. Examples of forward-looking statements include but are not limited to statements regarding efforts to grow revenue, expectations regarding fulfillment of backlog, future benefits to operating margins, and the adequacy of cash resources. The company does not undertake any obligation to publicly update any forward-looking statements. You should not place undue reliance on these forward-looking statements. With that, I wanted to let everyone know that we have a dedicated website for investor relations, which you can access directly from the Emtron PTI website. And a few of the features, key features include the homepage, events and presentations like this one, stock information, corporate governance items, and contact information and more. I want to ask every investor on the call to be sure to please sign up at the bottom of the IR web page for customizable selections from a menu of items of interest to investors. With that, I'd like to introduce Mike Carantino, our CEO.

Thank you, James, and welcome to our first investor call as an independent public company. I would like to start off by thanking you for your interest in us. As a brief overview, Emtron PTI has been providing RF solutions to the marketplace since 1965, with products covering spectrum control, such as LC, cavity, and crystal filters, frequency control, such as clock oscillators, temperature-compensated oscillators, and ovenized oscillators, as well as integrated module assemblies, where we wrap additional functionality around our core products. With sales of $30 million for the trailing 12 months, we focus on key markets of defense and aerospace avionics, space, and industrial. As you can see, we have long relationships with blue chip customers in each of these markets. We have strong backlog in a demonstrated consistent growth of greater than 7% over the last five years. Finally, with constant investment in new processes and products, we generate nearly 30% of our revenue from new products. Our backlog is growing. As of the end of Q3, it is over 44 million, up nearly 50% since the beginning of 2022 and over 100% over the last year. As mentioned earlier, we focus on key markets where design wins tend to be very sticky and program life cycles are long. With consistent investment into R&D, we have a robust product pipeline averaging 270 new products per year, As a result of our strong product pipeline, our customer base is growing with over 300 active customers today. Emtron PTI has over 125,000 square feet of design and manufacturing space over three locations in Orlando, Florida, Yankton, South Dakota, and Noida, India. All three locations are ITAR registered with both US locations having AS9100 design and manufacturing certifications and India having ISO 9001 manufacturing certification. In addition to our sales offices in Austin, Texas and Hong Kong, we have 28 sales representative organizations throughout North America and the world. We employ 310 people across these locations with 236 in manufacturing and 42 in engineering. and quality. With an average tenure of nearly 12 years, we have over 500 years of RF design and manufacturing engineering experience. This experience drives innovation. With Emtron and PTI both being founded in 1965, each has a history of firsts in product innovation and quality. from PTI supplying the first monolithic filter used in space in 1973 to Emtron becoming the first crystal and oscillator supplier to be ISO 9001 certified in 1993. This tradition has continued after the merging of the two companies in 2004, with the addition of new product lines such as cavity filters in 2009, integrated microwave assemblies in 2020, and the launch of planar filter product line this year. With that, I will turn it over to Bill Drafts, our president, who will provide a bit more detail on our markets and products. Bill?