Advanced Energy Industries, Inc.

Greetings and welcome to the Sinjin's third quarter 2022 financial results conference call. At this time, all participants are in a listen-only mode. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Caroline Son, Investor Relations for Sinjin. Thank you, Caroline. You may begin.

Thank you, Operator, and hello, everyone. Thank you for joining us. The press release announcing Syngin's results for the third quarter and nine months ended September 30, 2022, is available at the Investors section of the company's website at investors.syngin.com. A replay of this broadcast will also be made available on the website after the conclusion of this call. Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contains certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, expect, future, plan, outlook, and will, and include, among other things, statements regarding the company's continued development of the Enterprise Autonomy Suite, or EAS, and its components, expectations regarding sales and or revenues, growth strategy, ability to deliver sustainable long-term value, ability to respond to the changing environment, and operational focus. Although the company believes that the expectations reflected in its forward-looking statements are reasonable as of today, those statements are subject to risks and uncertainties that could cause the actual results to differ dramatically from those projected. There can be no assurance that those expectations will prove to be correct. Information about the risks associated with investing in Syngin is included in its filings with the Securities and Exchange Commission, which we encourage you to review before making an investment decision. The company does not assume any obligation to update any forward-looking statements as a result of new information, future events, changes in marketing conditions, or otherwise, except as required by law. On today's call, the company's chairman and CEO, Lior Tall, will discuss recent operating highlights. Chief Financial Officer Don Alvarez will follow with a review of the company's financials for the third quarter and first nine months of 2022. Lior will return to make a few concluding remarks before opening the floor for questions. With that, I will turn the floor over to Lior. Please go ahead.

Thank you, Caroline. Good afternoon, everyone. Toward the end of the third quarter and in November, we announced several major developments that brought us further ahead of our go-to-market timeline since becoming a public company and closer to scale commercialization of our software offerings. The first key development was the signing of a multi-phase contract with a significant new customer that has chosen Syngen as its technology partner to apply DriveMod to electric forklift. The electric forklift will be the customer's first autonomous vehicle as it embarks on its electrification and automation strategy. This partnership marks Syngen's expansion of DriveMod to its second vehicle platform that is geared towards commercialization. We're excited to have the opportunity to work with this customer a multimillion-dollar global manufacturer of a variety of building materials used in commercial and residential properties. We worked closely with the customer's team to understand the operation, which will allow us to apply our enterprise autonomy suite to create differentiated value propositions for their business. The second major development was our contract team with a U.S.-based manufacturer that will allow us to scale the production of drive mode kits more quickly for autonomous stock chasers. putting the kits in the hands of customers at lower cost. This represents a significant opportunity for Syngent as we look to leverage drive mode kit ease of installation and scale deployment for larger base customer and vehicle fit. The ability to retrofit vehicles and operate heterogeneous fleets continues to be a key differentiator of Syngent versus other companies. And we look forward to additional future opportunities to prove our unique AV technologies value proposition to customers. In October, we announced a contract with Heavy, a manufacturer of electric industrial vehicles under Greenland Holding Corporation, whereby Syngent will be the exclusive supplier of vehicle tracking systems to Heavy. Our asset tracking device, InfiniTracker, will be installed on each purchased Heavy vehicle as a value-added item to their customers. We are pleased to be recognized by this industry incumbent for the value brought by key features offered by InfiniTracker, such as location tracking using cell tower triangulation, and extra-long battery life. This contract serves as added validation of the value of Infinity Tracker and location data as part of Syngent's EAS offering. To focus on efficient execution, and despite the difficult microeconomic circumstances, we surpassed some of the major milestones for 2022 that we had set forth for Syngent a year ago when we went public. Our original goal for this year, as communicated with investors during the IPO, was to deploy EAS at a single customer site with one vehicle type. We have executed multiple beta deployments at multiple sites and have begun expanding drive mode to our second vehicle type. In addition, we have made significant progress in recruiting and are close to having the team we need to get us to commercialization at scale. That being said, we do expect to make a few key personal hires in the coming months. From an operational perspective, we recently completed the expansion of our Menlo Park headquarters which includes an autonomous vehicle development and test facility. We're excited by our achievements this year and look forward to closing out 2022 on a strong note. And with that, I'll turn it over to Don to review our financial report.