Tecogen Inc.

Good morning and welcome to the TECOGEN third quarter 2022 conference call. At this time, all participants are in the listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to our host, Jack Whiting, General Counsel and Secretary. Thank you. You may begin.

Good morning. This is Jack Whiting, General Counsel and Secretary of TicoGen. Please note this call is being recorded and will be archived on the investor section of our website at ticogen.com for two weeks. The press release regarding our third quarter 2022 earnings and the presentation provided this morning are available in the investor section on our website as well. I'd like to direct your attention to the safe harbor statement included in the earnings press release and the presentation. Various remarks that we make about the company's future expectations Plans and prospects constitute forward-looking statements for purpose of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q under the caption Risk Factors, which are on file with the Securities Exchange Commission and available in the Investors section of our website under the heading SEC Filings. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. Therefore, you should not rely on any forward-looking statements as represented in our views as of any date subsequent to today. During this call, we will refer to certain financial measures not prepared in accordance with GAAP. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is provided in the press release regarding our third quarter 2022 earnings and in the investor section of our website. I'll now turn the call over to Benjamin Locke. Thank you, Jack.

So as the agenda on slide four indicates, we'll start with a brief company overview, followed by a detailed review of our third quarter 22 results. We will then discuss the key takeaways from the earnings and turn the call over to the operator for questions. As a reminder, this presentation will be available for download in the presentation section of our investor page on our website. Turning to slide five, I'd like to provide a short overview of Kikogen's core businesses. Kikogen sells and maintains clean and efficient energy systems that provide resiliency and energy savings to customers while reducing greenhouse gas emissions for a cleaner environmental footprint. Our solutions help industries and facilities reach their environmental goals for carbon reduction while also providing resiliency to grid outages. TicoGen has deployed thousands of these systems, and we have a steady recurring revenue stream through our 11 service centers that provide long-term operations and maintenance services for TicoGen cogeneration and chiller systems. Turn to slide six. Our distributed generation systems can operate as microgrids for power generation and grid resiliency, as shown on the left here. These features are increasingly important as the grid becomes increasingly burdened, congested, and costly. In addition to our distributed generation system, TECOGEN offers clean cooling solutions for commercial and industrial facilities. Our chillers, shown in the middle of this slide, provide customers with lower operating costs and a reduced greenhouse gas footprint compared to traditional cooling solutions. We've had particular success with our clean cooling products for use in controlled environment agriculture. These indoor grow operations use a tremendous amount of power to maintain precise grow conditions. Our chillers substantially reduce the amount of electric capacity needed to operate the facility, while simultaneously providing cooling and heat for facility heating and dehumidification. Our success in the controlled environment agriculture market has led us to expand our business development efforts to extend the scope of our participation in CEA facilities in the food production sector. I will talk more about this separate later in the call. Before I turn the call over to Abhinav for a review of our third quarter numbers, I'd like to remind investors of our three main revenue streams shown here on slide seven. Our product revenue consists of sales of cogeneration units, microgrid systems, chillers, and associated equipment to a range of markets and customers. Our service revenues primarily consist of our contracted operations and maintenance services, with a small component of installation services. Our energy production revenue stream is from energy sales, including sales of electricity and thermal energy produced by our equipment onsite at customers' facilities. With that, I'd like to turn the call over to Abhinav to review our numbers in more detail, and then we'll have some additional comments on takeaways from the quarter and comments about our expectations for the rest of 2022. Abhinav?