Envirotech Vehicles, Inc.

Good day, ladies and gentlemen, and welcome to Envirotech Vehicles, Inc.' 's first quarter 2022 earnings call. All lines have been placed in a listen-only mode, and the floor will be open for your questions and comments following the presentation. If you would like to enter the queue to ask a question at any time, you may press star 1 on your telephone keypad to enter the queue. Should you wish to remove yourself from queue, you may press star 2. At this time, it is my pleasure to turn the floor over to Jen Belladeau of IMS Investor Relations. Jen, the floor is yours.

Thank you, Tom. And once again, good day and welcome to EnviroTech's first quarter 2022 earnings call. With me on the call are Philip Oldridge, 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. Although Envirotech believes that the expectations reflected in such forward-looking statements are reasonable on the basis of current expectations, Envirotech can make no assurances 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 Envirotech's current expectations due to changes in operating performance technical and economic factors, and other risks and uncertainties disclosed in EnviroTech's annual report on Form 10-K, quarterly 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. With that out of the way, I will turn the call over to Phil Oldridge, Chief Executive Officer. Please go ahead, Phil.

Thank you so much and welcome, everybody. While I gave you some color around our continued progress in the first quarter on our year-end call just a few weeks ago, I wanted to take this time to provide a brief update now that we've officially closed out Q1 2022. We've achieved several milestones throughout the first quarter, including increased revenues and new partnership agreements and progress with our new U.S.-based manufacturing facility. First quarter revenues improved significantly to slightly more than $1.1 million, with an increase reflecting the sale of 12 vehicles during the quarter, generated and closed internally. We are also seeing higher or sightseeing heightened activity with our voucher approvals from state incentive programs like the New Jersey Zero Emissions Program and the New Jersey Zip. As I mentioned before, our FAR network and our status with the FAR network is approved and we are receiving the vendor incentive programs through the New Jersey Zip. Part of our business and our continued business has been a major driver of our considerable growth in sales both in sales numbers both sequentially and year-over-year. The favorable legislative incentives related to EV adoption at the federal, state, and local levels are providing us with ample opportunities, and we're focused on driving sales growth in this favorable environment. To meet this growing demand for our vehicles, in the first quarter, we've placed an additional order for 100 Class V cab and chassis trucks and an additional 100 Class IV vans. We expect deliveries of these vehicles to begin in late Q2 and early Q3 and continuing monthly throughout the year-end with final assembly to take pace at our 580,000-square-foot manufacturing facility in Osceola, Arkansas. This order is especially exciting for us as we've been focused on offering Class 5 trucks to our customers, and they are currently in very high demand. While we expect delivery of these vehicles to begin in late Q2 and continue through the end of the year, supply chain issues remain a factor across the entire industry. With that being said, we are enthusiastic about the high demand that we are seeing for our vehicles, and we look forward to adding these Class 5 trucks and additional vans into our inventory. Shifting to our manufacturing facility in Osceola, I'm happy to report that we've successfully completed the first phase of our renovations within the office facility. and we're moving forward within the next phase of construction. This facility represents a tremendous step forward in the growth of our company and positions us to be one of the only EV companies with a manufacturing facility in the United States. Osceola is well situated close to a major interstate and the Mississippi River, which provides us with a variety of options to efficiently transport vehicles to our customers. The area also provides us with a robust business climate and highly capable workforce as we look forward to staffing the facility with close to 800 employees over the next few years. This is an exciting time for both our company and the EV industry, and we're intent on capitalizing on the opportunities we're seeing as a premier provider of zero-emission electric trucks and vans. As we move through 2022, we're optimistic about our prospects and energized by what's on the horizon for EnviroTech vehicles. At this point, I'd like to turn the floor over to our CFO, Christian Rodick, who will briefly walk you through the first quarter financials.