Envirotech Vehicles, Inc.

Good afternoon, ladies and gentlemen, and welcome to the EnviroTech Vehicles, Inc. fourth quarter and year-end 2021 conference call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, John Nesbitt of Investor Relations. The floor is yours.

Good afternoon, and thank you for calling in. Once again, thank you and welcome to EnviroTech's fourth quarter conference. 2021 earnings call. With me on the call are Philip Aldridge, Chief Executive Officer, and Christian Rodich, Chief Financial Officer. I'd like to begin the call by reading the safe harbor statement. All statements made on this call, with the exception of historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Alderman Viratech believes that the expectations reflected in such forward-looking statements are reasonable on the basis of current expectations, and Virotech can make no assurance that such expectations will prove to be correct. Also, these forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ considerably from Virotech's current expectations due to changes in operating performance, technical and economic factors, and other risks and uncertainties disclosed in Virotech's annual report on Form 10-K, Query reports on Form 10-Q and other reports filed by EnviroTech from time to time with the Securities and Exchange Commission. Any forward-looking statements including in this earnings call are made only as of the date of this call. EnviroTech does not undertake any obligation to update or supplement any forward-looking statements to reflect new information, subsequent events, or circumstances, except as required by law. EnviroTech cannot assure you that projected results or events will be achieved. Now I'd like to turn the call over to Phil Aldrich, Chief Executive Officer of Envirotech. Mr. Aldrich, please proceed.

Thanks, John, and welcome, everybody. Well, we're pleased to have this opportunity to bring you up to speed on what has been an exciting and productive quarter and a year-end for Envirotech vehicles. Highlighted by, number one, the opening of our new manufacturing facility in Osceola, Arkansas, The continued expansion of our factory authorized representative for far network and robust or order activity From state and from our state and federal voucher programs the development introduction of our new fully electric zero emission right-hand drive vehicle Which we're very very excited about and and that's one in particular that we'll be looking to present to the post office Also, I'd like to report that we did graduate to the OTCQX market, and we will be changing our ticker symbol. Well, we did change our ticker symbol to EVTV. Adding also value to our talent and our management team, when we last spoke, I shared with you our plans to establish a manufacturing facility in the United States. Well, I'm happy to report that in February of 2022, we did open. albeit that we're in the cleanup stage and fixing many things, but we did open a 580,000 square foot manufacturing facility in Osceola, Arkansas, situated on 100 acres of ground. The facility positions us as one of the only EV companies with manufacturing facilities in the United States and establishes an early and crucial foothold in the rapidly expanding U.S. EV market. Arkansas also provides us with a robust business climate and a highly capable workforce as we look to staff the facility with over 800 employees and the facility's proximity to all forms of transportation allows us to efficiently transport our vehicles. Opening a manufacturing facility in the United States is a transformative step in the growth of our company, and we look forward to updating you on future developments as we continue to grow our share of both the transportation industry in Arkansas and the U.S. in the EV market. In addition to the new facility, a key component of our business continues to be growing our FAR networks. We have, in the last quarter, we entered into a new factory authorized representative agreement with Central States Bus Sales, who operates four facilities across the Central States, a Missouri based bus provider that will promote and sell and service EnviroTech vehicles throughout the middle of the U.S. force. These agreements continue to be a key part of our strategy as we partner with business at the forefront of their industry to provide them and their customers with environmentally friendly transportation alternatives. We also continue to see success through our status on the approved vendor program for the New Jersey Zero Emissions Incentive Programs. Since I spoke to you last, our New Jersey ZIP program has provided or approved for us an additional 18 vouchers 18 more vehicles towards the purchase of our vehicles for a total of approximately $1.4 million. Since the start of the program, the New Jersey Zip has awarded vouchers and grants for people to purchase up to 31 of our vehicles at a total value of approximately $2.7 million to new business across the New Jersey market. So we're very excited about that program. Our fleet has experienced excellent traction with the New Jersey Zip. and we're proud to be making our zero emission vehicles accessible to business owners across New Jersey. With our increase in sales numbers, we're also delivering more and more vehicles to our valued customers. In March, we delivered 10 high roof logistic vans to King Bee Rentals in conjunction with the voucher programs out of New Jersey SIP, and we anticipate many more deliveries in the near future as purchase orders continue to grow. So as you can see, we're having a strong and extending, we have a strong and expanding pipeline of orders for our vehicles, which we're managing, you know, this by ensuring that we have the appropriate inventory levels to meet market demand. In November of 2021, we received a delivery of 40 vehicles that increased the total number in our inventory to 68. And as of December 31st, 2021, additionally, we received another 58 class four vans in February of 2022, including our all-new 10 of our all-new right-hand drive delivery vans, which gave us a total of 42 high roof, six low roof, and the additional 10 right-hand delivery vans that we'll be, God willing, sending that out to the post office shortly. Shifting now to our fleet, while we already have an impressive lineup of electric trucks and vans, we're always looking for new ways to improve our offerings and expand our addressable market. We're currently in the process of developing several new vehicles to add to our already impressive fleet. And in March, we announced the availability of the fully electric right-hand drive vehicle, which is the ideal solution for delivery fleets with its right-side orientation, allowing drivers to complete deliveries without getting out of the vehicles. We also continue to both promote and hire talented individuals to help us grow our business. In February, we announced Christian Rodich, as our new Chief Financial Officer of Envirotech Vehicles. Christian, we're very grateful to have you on board. And last December, we promoted Susan Emery, as many of you know, to our Executive Vice President. Lastly, in December, we graduated on the OTCQB up to the OTCQX Best Market and changed our ticker symbol to EVTV, enhancing both our visibility and access to quality investors. So with the first quarter now closed, As well, I can say that we're seeing incredibly strong demand for our vehicles as the EV market continues its exponential growth. We have a robust pipeline and our inventory and the inventory to manage the rapidly increasing demand for our vehicles. We expect sequential growth in the first quarter over Q4 and a strong 2022. This is an incredibly exciting time for EnviroTech vehicles. We've opened our manufacturing facility and completed our move to Arkansas, establishing a strong foundation in this region from which we can continue to build our business. Our company and the EV industry is still only in its infancy, and we are capitalizing on numerous opportunities that will allow us to continue growing as a leading provider of electric vehicles in both the United States and around the world. The advent of our right-hand drive vehicle will allow us to expand into European markets. At this time, I'd like to turn the floor over to our CFO, Christian Rodick, to briefly walk you through the fourth quarter and our year-end financials. Christian?