GreenPower Motor Company Inc.

Good morning and welcome to the Green Power Motor Company third quarter earnings conference 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, 2022. I'm here today with our Chief Executive Officer, Fraser Atkinson, and our President, Brendan Riley. During today's call, we may make comments or statements about future expectations, plans, and prospects, which may constitute forward-looking statements for the purposes of the 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're made. We anticipate that subsequent events and developments may cause the company's views to change. Green Power disclaims 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 ND&A filed on CDAR and on EDGAR and is also located on our website at www.greenpowermotor.com. I'll now pass the call over to GreenPower CEO, Fraser Atkinson.

Thank you, Michael. This was a record-setting quarter for GreenPower. We generated record revenues of $12.8 million in the third quarter a year-over-year increase of 140% over the revenue of $5.3 million for the third quarter in the previous year. We delivered 101 green power vehicles in the third quarter. With our extensive inventory, the deliveries this quarter are on track to exceed the third quarter. We reported deferred revenue of $12.5 million at the end of the third quarter, an increase of more than 92% from the beginning of the fiscal year. The majority of this we expect to recognize over the next 12 months, further accelerating our revenue growth. One of Green Power's strengths and competitive advantage is that we have our own cabin chassis and we manage our supply chain. We refer to the EV Star cabin chassis or CC as our EV Star platform, which has allowed us to build a range of models for the passenger and cargo markets, as well as sell our CC to other manufacturers. Our commercial vehicle group have the EV Star Cargo, EV Star Cargo Plus, and CC. EV Star and EV Star Passengers are for the shuttle and transit sector. These represented the majority of the sales this quarter. Another model utilized in the EV Star platform is Green Power's Nano Beast Type A all-electric purpose-built school bus with an all-aluminum body that is stronger than any other body used for the Type A school buses on the market today. In September, Green Power's NanoBeast won the Innovation Award for Best Green Bus Technology from School of Transportation News. This market for all of the Type A school buses is $8,000 to $9,000 per annum. We are well positioned to help operators electrify their school bus fleets with our BEAST and NanoBEAST and are presently working on more than 30 school bus deals in eight states where our first deliveries will utilize our current inventory. During the quarter, the EPA announced the selectees for the school bus program with almost $1 billion of funding. Green Power worked with dealers and school districts across a number of states who were selected to acquire the Type D for $375,000 or Type A school bus for $285,000. These deliveries must be completed by October 31st, 2024. Green Power also has a significant number of opportunities for our all-electric school buses in California utilizing the standard HVIP vouchers which has $250 million of new funding this year, school bus set aside funding with $135 million, as well as the CEC Air Quality Management District and VW Trust funding for the purchase of all electric school buses. These school bus sales will help further accelerate our growth with deliveries commencing over the next couple of quarters. I'll now hand it over to Brendan Riley, Green Power's president, for discussion on our operations.