ClearSign Technologies Corporation

Good afternoon and welcome to the ClearSign Technologies third quarter 2019 results 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, Thank you, operator, and welcome everyone to ClearSign Technologies Corporation third 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 statement. The risk 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 SEC, including the discussion and the risk factors section of the 2018 annual report on the Form 10-K. ClearSign assumes no responsibility to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. On the call with me today are Jim Deller, ClearSign's Chief Executive Officer, and Brian Fike, ClearSign's Chief Financial Officer. Rob Hoffman, President and Chairman of the Board, is on the call as well and will be available for the Q&A portion. With that, I would like to now turn the call over to Brian Fike. Please go ahead, Brian.

Thank you, Matthew, and thank you to everyone for joining us today. Before I turn the call over to Jim, I'd like to review our results of operations for the third quarter and September 30th of 2019. The net loss for the quarter ended September 30th of 2019 was $2.1 million compared to $2.3 million in the same period of 2018. Shares outstanding as of September 30th of 2019 were $26,704,761. Our cash and investment resources were just over $10 million at the end of the third quarter of 2019. compared to 11.6 million at the end of the second quarter. Our Q3 2019 cash burn represents a reduction of a quarter million dollars from the third quarter of 2018 and is representative of our continued focus on costs and achieving the best results possible from our expenditures. It is important to note that even assuming no revenues, if our expenditures remain constant, we expect to have sufficient working capital available as of today to carry us to the end of 2020. And with that, I would like to turn the call over to our Chief Executive Officer, Jim Deller. Please go ahead, Jim.