Innoviz Technologies Ltd.

Good morning and welcome to Innovee's first quarter 2022 earnings conference call. Joining us today are Omer Keilaf, Chief Executive Officer, and Eldar Segla, Chief Financial Officer. Following their formal remarks, we will open the call for your questions. I would like to remind everyone that this call is being recorded and will be available on the investor relations section of our website at ir.innovis.tech. Before we begin, we would like to remind you that our discussions today will include forward-looking statements that are subject to risks and uncertainties relating to future events and the future financial performance of Innovis. Actual results could differ materially from those anticipated in the forward-looking statements. Forward-looking statements made today speak only to our expectations as of today and we undertake no obligation to publicly update or revise them. For discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements, please see the Risk Factors section of our Form 20F filed with the SEC on March 30, 2022. I will now turn the call over to Omer. Please go ahead.

I want to use the opportunity to thank people that reached out during the last week to congratulate us. Definitely, we went through a very long process to make this happen and we are very, very excited. Obviously, adding another $4 billion to our order book is a major achievement and will allow the company to do many more things. But one of the most meaningful impacts of this recent announcement of our design win and award by one of the largest carmakers is not only through the fact that we won additional business, it's actually a big part of it that makes us very happy is our ability to secure this business as a direct supplier tier one. Becoming a tier one in the automotive market is a huge, huge step for us that will help us to run faster, and secure many more deals. This is one of the things that we've been working for for a very long time. It's very difficult to become a tier one in this space, but we are sure that this will allow us to run faster and succeed in many more deals. With that, I will please go to the presentation and elaborate more.

Thank you. Can you go to the next page please? Thank you.