Ocean Power Technologies, Inc.

Good day and thank you for standing by. Welcome to the second quarter fiscal year 2022 conference call for Ocean Power Technologies, Inc. As a reminder, this call is being recorded and will be available on the company's website shortly after its completion. I would now like to hand the conference over to your speaker today, Joseph DiPietro, Controller and Treasurer. Please go ahead.

Good morning and thank you for joining us on this call. A webcast of this call is also available on our website, at www.oceanpowertechnologies.com. Joining me on the call today are Dr. Philip Stratman, President and Chief Executive Officer, and Bob Powers, our newly appointed Senior Vice President and Chief Financial Officer. Following our prepared remarks, we will have a question and answer session. After the market closed yesterday, we issued our earnings press release and filed our quarterly report on Form 10-Q for the quarter ended October 31st, 2021. All of our public filings are available on the SEC website at sec.gov or within the investor relations section of our website. This call will include forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases and are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks and uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. Additional information about these risks and uncertainties can be found in our most recent Form 10-K and subsequent filings with the SEC. We disclaim any obligation or intent to update the forward-looking statements made in order to reflect events or circumstances discussed on this call. Now I am pleased to introduce Dr. Philip Stratman.

Thank you and good morning. We have a lot to update you on this morning as we had a busy second quarter and start to our third quarter in executing our strategy to become the global leader in data and power as a service within our oceans and seas. This is an exciting time for ocean power technologies. Some quick highlights of our progress included further growth of our strategic consulting services, the advancement of our maritime domain awareness solution, and the acquisition of Marine Advanced Robotics, a leading company which manufactures autonomous water vehicles. We have quickly established the necessary beachheads to deliver consistent, reliable, and most importantly, actionable data intelligence to our global customers. Before I get too far into our strategy and business update, I would like to take a moment to introduce Bob Powers, our new Senior Vice President and Chief Financial Officer. As you saw in our press release on Monday, he started with us a few days ago, and we could not be more excited about Bob joining our team. He brings expertise in driving financial excellence and executing strategy within a broad range of companies and industries, and has extensive experience with M&A activities. Bob possesses strong financial acumen, is proactive, and a clear communicator, and he will bring great leadership to OPT. All were top requisites we were looking for. We are fortunate to have him. With that, I'd like to introduce you to Bob Powers. Bob?