ClearSign Technologies Corporation

Good day and welcome to the ClearSign Technologies fourth quarter and full year 2020 conference call. All participants will be in a 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 a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would like now to turn the conference over to Matthew Selinger of Firm IR Group. Please go ahead.

Good afternoon, and thank you, operator. Welcome, everyone, to the ClearSign Technologies Corporation fourth quarter 2020 and four-year 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 what are not limited to whether field testing and sales of ClearTank 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 in the risk factors section of the 2019 annual report on Form 10-K. Except as required by law, ClearSign assumes no responsibility to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. So on the call with me today are Jim Deller, ClearSign's President and Chief Executive Officer, and Brian Fite, ClearSign's Chief Financial Officer. So at this point in the call, I would like to turn it over to Brian Fike. Brian, please go ahead.

Thank you, Matthew, and thank you to everyone joining us here today. Our financial results on Form 10-K will be filed with the SEC in the coming weeks. All numbers mentioned here are preliminary. The cash burn for the quarter ended December 31, 2020, was approximately $1.8 million, compared to approximately 1.5 million in the same period of 2019. This increase is specifically due to the extensive product development we have ongoing in our process burner product line and some delayed payment from past completed projects. Our cash and investment resources were approximately 8.8 million at the end of the fourth quarter of 2020 compared to 10.6 million at the end of the third quarter of 2020. Shares outstanding at December 31st of 2020 were $30,077,436. It is important to note that with our quarter-ending balances, we have sufficient working capital available to carry us well into 2022, and that is without revenue from any other sources. And with that, I would like to turn the call over to our Chief Executive Officer, Jim Deller. Please go ahead, Jim.