ClearSign Technologies Corporation

Good afternoon and welcome to the ClearSign Corporation second quarter 2019 conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Matthew Selinger, Investor Relations. Please go ahead.

Thank you, Operator, and welcome everyone to the ClearSign Combustion Corporation's second quarter 2019 results conference call. During this conference call, the company will make forward-looking statements. Any statement that is not a statement of historical fact is a forward-looking statement. This includes remarks about the company's projections, expectations, plans, beliefs, and prospects. These statements are based on judgments and analysis as of the date of this conference call and are subject to numerous important risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties associated with the forward-looking statements made in this conference call include, but are not limited to, whether field testing and sales of ClearSign's products will be successfully completed, whether ClearSign will be successful in expanding the market for its products, and other risks that are described in ClearSign's public periodic filings with the FCC, including the discussion in the risk factor section of the 2018 annual report on Form 10-K. ClearSign assumes no responsibility to update these forward-looking statements to affect future events or actual outcomes and does not intend to do so. So on the call with me today are Rob Hoffman, ClearSign's Chairman of the Board, Jim Deller, ClearSign's Chief Executive Officer, and Brian Fike, ClearSign's Chief Financial Officer. So with that, I would like to turn the call over to Brian Fike. Brian, please go ahead.

Thank you, Matthew, and thank you to everyone for joining us here today. Before I turn the call over to Jim, I'd like to review our results from operations for the second quarter, which ended on June 30th, 2019. The net loss for the quarter ended June 30th, 2019 was $2.4 million, compared to $2.4 million loss in the same period for 2018. Shares outstanding as of June 30th, 2019 were $26,702,261. Our cash and investment resources were about $11.6 million at the end of the second quarter of 2019 compared to $13.7 million at the end of the first quarter of 2019. It is important to note that we have sufficient working capital available as of today to carry us well into 2020. even assuming no revenues or changes in expenditures. And with that, I'd like to turn the call over to our Chief Executive Officer, Jim Deller. Please go ahead, Jim.