Aeva Technologies, Inc.

Good day. My name is Stacey, and I will be your conference facilitator. I would like to welcome everyone to AVA Technology's second quarter 2022 earnings conference call. During the opening remarks, all participants will be in a listen-only mode. Following the opening remarks, we will conduct a question-and-answer session. As a reminder, today's conference call is being recorded and spontaneously webcast. I will now turn the call over to Andrew Fung, Director of Investor Relations. Andrew, please go ahead.

Thank you and welcome everyone to Ava's second quarter 2022 earnings conference call. Joining on the call today are Soroush Salahian, Ava's co-founder and CEO, and Saurabh Sinha, Ava's CFO. Ahead of this call, we issued our second quarter press release and presentation, which we will refer to today and can be found on our investor relations website at investors.ava.com. Please note that on this call, we will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today and should not be relied upon as representative of our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. For further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC, including our Form 10-Q for the quarter ended March 31st, 2022. In addition, during today's call, we will discuss non-GAAP financial measures, which we believe are useful as supplemental measures of AVIS performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. The webcast replay of this call will be available on our company website under the investor relations link. With that, let me turn the call over to Soroush.

Thank you, Andrew, and good afternoon, everyone. Q2 was a pivotal quarter at Ava as we achieved a major milestone on the path towards the production of our next generation 4D LiDAR technology. I'm excited to highlight that and a few of our other accomplishments starting with slide five. First, we began deliveries of Ares II units to our strategic customers on time and according to the objectives we set out at the beginning of this year. This is a significant milestone, not only for AVA, but also for the industry, as this is the first time an FMCW 4D LiDAR with a combination of high performance and automotive reliability is commercially available.