Bel Fuse Inc.

Good day and welcome to the Bell Fusing Third Quarter 2020 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Dan Bernstein, President and Chief Executive Officer. Please go ahead, sir.

Thank you, Anna. Joining me on the call today is Greg Brocious, our Vice President of Finance, Lynn Hutkin, our Director of Financial Reporting. Before we begin the call, I'd like to ask Lynn to go over and say a part of the statement. Lynn?

Thank you, Dan. Good morning, everybody. Before we start, I'd like to read the following safe harbor statements. Except for historical information contained on this call, the matters discussed on this call, such as statements regarding fourth quarter sales, anticipated cost savings from the closure of our power R&D facility in Easter, Switzerland, and our sales office in Germany, as well as from a streamlining of our North America sales organization and the impact of potential future acquisitions, are forward-looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from those projections. Among the factors that could cause actual results to differ materially from such statements are the market concerns facing our customers, the continuing viability of sectors that rely on our products, the impact of public health crises such as governmental, social, and economic effects of COVID-19, The Effects of Business and Economic Conditions, Difficulties Associated with Integrating Recently Acquired Companies, Capacity and Supply Constraints or Difficulties, Product Development, Commercialization or Technological Difficulties, The Regulatory and Trade Environment, Risks Associated with Foreign Currencies, Uncertainties Associated with Legal Proceedings, The Market's Acceptance to the Company's New Products and Competitive Responses to those New Products, The impact of changes to U.S. trade and tariff policies, and the risk factors detailed from time to time in the company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements. We also may discuss non-GAAP results during this call, and reconciliations of our GAAP results to non-GAAP results have been included in our release. I would now like to turn the call back to Dan for a general business update.