GreenPower Motor Company Inc.

Good day 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 results for the three- and nine-month periods ended December 31st, 2023, and recent developments. 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 our future expectations, plans, and prospects, which may constitute forward-looking statements for the purpose 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 DENECA. 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 MD&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 Fraser Atkinson, GreenPower's CEO, to discuss highlights for the quarter.

Good morning, and thank you for joining GreenPower's quarterly earnings call today. Our school bus group continued to make great strides in the third quarter. We achieved a significant milestone with the delivery of four Type A Nano Beast school buses that were the first all-electric, purpose-built school buses manufactured in West Virginia. Immediately following that delivery, production of the Type D Beast school bus began in the West Virginia plant, which in the immediate term will fulfill current orders for 38 Beast school buses in West Virginia and prepare the production team for the mixed manufacturing of Beasts and NanoBeasts at the facility to meet the projected demand. Presently, we have live orders for 102 of our Type D MegaBeast, Beast, and Type A NanoBeast school buses, including our first order from our dealer in the state of New York. We also have a qualified sales pipeline for 164 Green Power school buses. On the commercial vehicle side of the business, we had deliveries this quarter that included 10 EVSTAR cabin chassis to the Canadian unit of a global retailer who will outfit the vehicle for fulfillment of their orders to customers in the greater Toronto market. Having said that, our commercial vehicle group with EVSTAR cargo and EVSTAR passenger vehicles is several quarters behind the school bus group in terms of its order book. We expect to achieve similar growth with live orders, purchase orders, and a qualified sales pipeline by leveraging new and existing incentive programs, as well as third-party relationships. We've had delays from customers with deliveries of our EV star cab and chassis. With inventory ready to go, we are now working on scheduling deliveries for these. Collectively, these will create a robust commercial vehicle group which combined with the school bus group will uniquely position Green Power in the medium and heavy duty EV sector. Over the past few years, we've maintained significant levels of finished goods inventory. We don't need to maintain these levels due to stocking orders from dealers who can provide demonstrations and ride and drives to their customers along with a reduced competitive landscape. This is allowing us to shift from fulfilling orders from inventory to manufacturing vehicles pursuant to customer orders. How is Green Power going to finance an increase in school bus orders and changes with our commercial vehicles? Instead of a traditional facility, we needed to secure a facility focused on production financing. This morning, we announced that we've entered into a revolving loan agreement with Export Development Canada, or EDC, for up to $5 million to fund all electric vehicle production for certain customer orders, allowing for multiple advances over a two-year period with repayments when vehicles are delivered. The revolving nature of the facility provides the flexibility to fund multiple orders and offers incremental capital in addition to Green Power's existing $8 million operating line of credit, and the guarantee of up to $5 million of standby letters of credit provided by EDC. I'll now pass the call to Michael Seifert, GreenPower's CFO, to discuss our financial results for the quarter.