GreenPower Motor Company Inc.

Good day and welcome to the Green Power Motor Company third quarter earnings call. All participants will be in 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 your telephone keypad. To withdraw your question, please press star then two. please note this event is being recorded. I would now like to turn the conference over to Michael Seifert, Chief Financial Officer. Please go ahead.

Thank you. This is Michael Seifert, the Chief Financial Officer of Green Power Motor Company. I would like to welcome everyone to our call to discuss Green Power's financial results for the period ended December 31st, 2021. I'm here today with our Chief Executive Officer, Fraser Atkinson, our President, Brendan Riley, and our VP of Sales and Marketing, Ryan Shetterly. During today's call, we may make comments or statements about our future expectations, plans, and prospects, which may constitute forward-looking statements for the purposes of a safe harbor provision under the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our quarterly interim results and MD&A filed on CDAR and on EDGAR. In addition, these forward-looking statements relate to the date on which they are made. We anticipate that subsequent events and developments may cause the company's views to change. Green Power just claims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Also, during the course of today's call, we may refer to certain non-IFRS financial measures Reconciliation of these non-IFRS measures can be found in our MD&A on CDAR and on EDGAR and is also located on our website at www.greenpowermotor.com. I will now pass the call over to GreenPower CEO, Fraser Atkinson.

Thanks, Michael. Over the years, we've talked about money and mandates being drivers for adoption of electric vehicles and growth drivers for companies like ours. Recent developments on the West Coast include the State of California stepping up with proposed funding of $400 million over three years for the purchase of zero-emission school buses, with $130 million being allocated this year alone, along with $200 million over three years for a transit bus set-aside fund with $60 million for this year. On the East Coast, we have the state of New York announcing a mandate for zero-emission school buses by 2035. The federal level recently announced an unprecedented level of funding of $5 billion over five years for the purchase of zero-emission buses. Earlier this week, Secretary of Energy Jennifer Granholm stated this could be available as early as April this year. We are well positioned to take advantage of these programs with our Beast All Electric School Bus, introduced at the end of last August, and our family of transit vehicles. Our EV Star products can satisfy a number of requirements for transit properties, including Buy America. Now I want to talk about our recently announced plans to manufacture all electric school buses in the state of West Virginia. When we were exploring our options on how to expand our business, Brendan and I determined that we needed to find a factory-ready property and develop a partnership with the local community and state. We found that in South Charleston, West Virginia, the building is only a few years old, so instead of spending time and resources on a teardown or a new build, we will have a nominal capex so we can start the more important work of building all electric school buses right away. Our goal is to be producing upward of 1,000 all-electric school bus or purpose-built school buses in the state annually in three to four years' time. The original plan was to take occupancy on September 1, 2022, but we've been working with the state to move this up to May of 2022. In terms of the partnership we were seeking, the state of West Virginia is purchasing the property and giving us a rent-free holiday until next year. And when we do start paying the monthly lease payments, these will be applied to the purchase price of the property. We can also earn incentives for up to 3.5 million if we hit various employment levels. Finally, the state of West Virginia has committed to provide funding of $15 million for the purchase of green power vehicles manufactured in the state. The city of South Charleston has been extremely supportive. On February 1st, we announced a partnership with Bridge Valley Community and Technical College and the Workforce Development Board of Kanawa County to provide workforce development and training opportunities for potential employees at our new manufacturing facility. In summary, this will give us a dedicated facility for manufacturing our all-electric school buses, extends our footprint across the nation, and importantly, frees up space at our facility in Southern California. So we'll be able to increase the throughput of various EV star models and low floor transit vehicles. Next, I'll turn it over to Michael Seifert, GreenPower CFO, who will cover the quarterly financials.