Crown Electrokinetics Corp.

Good morning, everyone, and welcome to the Crown Electrokinetics Corporation third quarter 2023 conference call. At this time, participants are in a listen-only mode. A question and answer will not be following the management's remarks. This conference call is being recorded. A play of today's call will be available on the investor relations sections of the Crown's website. I will now hand the conference over to Jason Assad, Director of Corporate Communications for Introductions and the Reading of the Safe Harbor Statements. Please go ahead.

Thank you, Operator. Good morning, everyone, and welcome to Crown's third quarter 2023 conference call. With us today on the call are Doug Croxall, Crown's Chief Executive Officer and Chairman, and Joel Krutz, Chief Financial Officer, in addition to Mike Sullivan, David Martinez, and Jeremy Hubbard from our Fiber Optics Division. Before we begin, I'd like to remind you that today's call contains certain forward-looking statements from our management made within the meaning of the Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities and Exchange Act of 1934 as amended. Words such as may, should, projects, expects, intends, plans, believes, anticipates, hopes, estimates, and variations of such words and similar expressions are intended to identify forward-looking statements. These statements are subject to numerous conditions, many of which are beyond the control of the company, including those set forth in the risk factors section of the company's quarterly report on Form 10-Q for the third quarter ended 2023, filed with the SEC. Copies of these documents are available on the SEC website at www.sec.gov. Actual results may differ materially from those expressed or implied by such forward-looking statements. The company undertakes no obligation to update these statements for revisions or changes after the date of this call, except as required by law. Now at this time, it's my pleasure to introduce Doug Croxall, CEO and Chairman of Crown. Doug?

Thank you, Jason, and welcome, everybody, to our third quarter earnings call. We're going to do things a little bit different than our traditional earnings call, which typically is just myself and Joel Kruse speaking. We had an investor call a little about a month or two months ago, I guess, and you got to hear from Dave Martinez and Mike Sullivan. So today I'm going to give a general corporate update, putting on a couple of highlights, and then I'm going to hand the call over to Dave Martinez, who will go through a customer update, Mike Sullivan, who will go over a construction update, and And newest to our team is Jeremy Hubbard, who runs recruiting for us, and he will go through a recruiting and personnel update. So as you saw from our recent announcement, we've added our third MSA, our Our third customer, Andy started work on customer number two, so we have two active projects now in the field. Both of these are in Arizona, in the Phoenix area. One is microtrenching, and one is traditional directional drilling. As we had mentioned before, we're going to continue to focus on the Arizona market. I spent time with our customers last week, and there's significant work for us to do. We will continue to add customers, and we'll continue to add more and more projects with the customers that we've already announced. We do think that there will be some opportunities to move out of the state of Arizona, and when those arise, we will look at those as long as they're within the general vicinity of Arizona or, you know, the southwest, west coast area. We also expect that we should be adding another, hopefully, two to three MSAs before the end of the calendar year. I know that we get a lot of requests as to who the customer actually is. And while we are precluded from putting our customer's name in press release, I do want to give some insight as to whose fiber optic network we're building and who the prime contractors are that we're working with. So the work that we're doing in Arizona currently is for fiber optic networks that are going to be owned by Google Fiber, Verizon, and Gigafiber. Some of the prime contractors that we're working with are Kilson, Moss Tech, Mears, and Blue Edge. So while we can't go into specifics, at least not today, as to what each of those customers are going to represent, those are the type of customers that we're working with. Some of the best construction companies in the country and obviously some of the best fiber optic networks in the country as well. So I want to move quickly on to the EK film side because the rest of the team is going to bring you up to speed on the rest of the fiber optic side. On the film side, we actually just got word yesterday that some of our mastering that was being done with our vendor in Europe has come back positive. So we're looking to go to the next step in our mastering phase. We expect that we should have – 12-inch masters done sometime before the end of the calendar year and be able to cycle that into our production with product coming hopefully towards the end of Q1. next year or early Q2. We will continue to provide updates on the film business and the film mastering as those occur. One of the things that we also want to do this year, which we've not done in the past, is that after today's earnings call, you don't typically hear from our company until our 10K earnings call, which isn't until typically the end of March. And so that's, you know, that's obviously four months, four and a half months. So what we're going to do sometime in mid-January is another investor call like the one that we did in mid-September, where you're going to get to hear from the team. We're going to give you an update on customers, revenue, EBITDA, and all the things that you're going to hear about today. So with that said, I'd like to turn the call over to Dave Martinez, who's going to walk through some of our customers.