Cyngn Inc.

Greetings and welcome to the Syngin fourth quarter and full year 2022 earnings call. At this time, all participants are on a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. And as a reminder, this conference is being recorded. It is now my pleasure to introduce to you Ben Mimak, head of investor relations. Thank you, Ben. You may begin.

Thank you, operator. And thank you to everyone on the call for joining us today. The press release announcing Syngin's results for the fourth quarter and fiscal year ended December 31st, 2022 is available at the investor section of the company's website at investors.syngin.com. A replay of this broadcast will also be made available on the website after the conclusion of this call. Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contain certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, expect, future, plan, outlook, and will, and include, among other things, statements regarding the company's continued development of the Enterprise Autonomy Suite, or EAS, and its components. expectations regarding sales and or revenues, growth strategy, ability to deliver sustainable long-term value, ability to respond to the changing environment, and operational focus. Although the company believes that the expectations reflected in its forward-looking statements are reasonable as of today, those statements are subject to risks and uncertainties that could cause the actual results to differ dramatically from those projected. There can be no assurance that those expectations will prove to be correct. Information about the risks associated with investing in Syngin is included in the filings with the Securities and Exchange Commission, which we encourage you to review before making an investment decision. The company does not assume any obligation to update any forward-looking statements as a result of new information, future events, changes in market conditions, or otherwise, except as required by law. On today's call, the company's chairman and CEO, Lior Taal, will discuss recent operating highlights. Chief Financial Officer Don Alvarez will follow with the review of the company's financials for the fourth quarter of fiscal year 2022. Lior will then return to make a few concluding remarks before opening the floor for questions. With that, I'll turn the call over to Lior.

Thanks, Dan, and good afternoon, everyone. Thank you for joining us. This is a very special earnings call for all of us here at Syngen as we report our first quarterly revenue since going public in October 2021. We're delighted to move out of the pre-revenue stage and celebrate another landmark on our company's journey. I know many of you listening in are very familiar with our company, but I would like to take a moment to outline our mission and the opportunity we're targeting for investors new to Syngent. Syngent is focused on solving the global industry challenges associated with the high cost of labor, labor shortages, and the cost of accidents arising from human error. Our proprietary software solution, the Enterprise Autonomy Suite, enables industrial organizations that operate fleets of vehicles to redeploy their workforce to higher-value tasks, while our self-driving solution, DriveMod, handles the driving. Thus, companies can improve safety, reduce variability, and achieve the productivity they need to compete in today's economy. We offer customers the option to requisite existing industrial feeds using our turnkey hardware solution, the DriveMod kit, or buy new vehicles from our OEM partners, which will arrive with our solution integrated off the line. Unlike many AV companies, we're focused on the automation of industrial vehicles using non-public spaces, which is a huge market today and growing every year, further fueled by the growth of e-commerce. Vehicles are the backbone of all major industrial enterprises, and our aim is to help customers throughout the industrial space automate their fleets, increasing productivity, lowering their cost of doing business, and improving safety. During 2022, we made significant strides towards introducing EAS, to the market and putting it in the hands of customers. And a list of achievements during the year surpassed our own expectations. We're going to play a short video that presents all the significant milestones and impactful events, both commercial and technological, and provide the opportunity to see our products at work.