GreenPower Motor Company Inc.

Good morning, and welcome to the Green Power Motor Company, Inc.' 's 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 touchtone phone. To withdraw your question, please press star, then two. Please note that this event is being recorded. And I would now like to turn the conference over to Michael Seifert, CFO. Please go ahead.

Thank you. This is Michael Seifert, the Chief Financial Officer of Green Power Motor Company. I'd like to welcome everyone to our call to discuss Green Power's financial results for the three and nine months ended December 31st, 2024, and to provide an update on Green Power's operations and manufacturing. I'm here today with our Chief Executive Officer, Fraser Atkinson, and our President, Brendan Reilly. 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 the Safe Harbour 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 in MD&A filed on CDAR and on that curve. 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 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. For additional information on the results of operations for the period ended December 31st, 2024, you can access the financial statements and MD&A posted on Green Power's website, as well as on cdarplus.com or file the micro. I will now pass the call over to Green Power CEO, Fraser Atkinson.

Thank you, Michael. And good morning, everyone. We appreciate you joining our call to review Green Power's operations and discuss the results of the third quarter. As I look at the financials of the third quarter, I'm encouraged with the improvement in our gross profit. Green Power has, from quarter to quarter, been one of only a handful of EV OEMs that have enjoyed a gross profit with the sale of its products. We knew there would be a reduction in that overall percentage as the West Virginia facility got fully up to speed. Now that we are reaching higher output at the South Charleston facility in West Virginia, as Brendan will discuss, we expect that gross profits will improve over time. Since the election last November, the market has seen some uncertainty. While political winds are still shaking out, clearly the demand for all electric school buses across the nation has never been greater. A survey conducted recently by Highland Electric Fleets found that 65% of parents would prefer their child ride on an electric school bus than a diesel-powered one. The survey captured data from parents of children aged 5 to 17 who ride a school bus. Data showed support for electric school buses largely tied to parents' concerns about their children's health. In fact, 89% of parents ranked air quality and a safe and healthy commute to school among their highest concerns. And research shows that all electric school buses are less likely to produce harmful emissions than diesel-emitting school buses. The growing demand for electric school buses is also rooted in the school bus driver shortage nationwide. First Student, a leading private contractor of school transportation, reports that school districts are using the deployment of electric school buses to attract and retain drivers. They prefer the smoother ride, the quiet nature of the vehicles, and the reduced behavioral issues seen among students. These are two reasons why electric school buses make sense. And a third is grid resiliency. As Green Power focuses on V to G, which is vehicle to grid options among deployments, electric school buses are becoming the answer to create creating grid stability in communities. We will have more on this on future calls. Green Power is the only OEM that has a purpose-built Class 4 Type A school bus with our Nano Beast and a larger Type D school bus with our Beast, providing a cleaner and safer transportation options for student transportation. While exact incentive programs at both the federal and state level will go through changes, the support for this mode of transportation will continue and funds will be there to support the transition from dirty school buses to clean school buses. Green Power has continued to prepare its operations for this growing demand. I'll now turn it over to Brendan Riley, Green Power's president.