PureCycle Technologies, Inc.

Good morning, everyone, and thank you for participating in today's conference call. I would like to turn the call over to Mr. David Brenner as he reads the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. David, please go ahead.

Great. Thank you, Peter. Welcome to PureCycle Technologies' third quarter earnings conference call update. I'm David Brenner, Chief Commercial Officer And joining me today are Chairman and Chief Executive Officer Mike Gottworth, Chief Manufacturing Officer Dustin Olson, and Chief Financial Officer Michael D. This morning we will be highlighting our corporate developments for Q3. This presentation will be available on our IR page of our website, purecycle.com. Many of the statements made today will be forward-looking and are based on management's beliefs and assumptions and information currently available to management at this time. The statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control, including those set forth in our safe harbor provisions for forward-looking statements that can be found at the end of our third quarter 2021 corporate update press release and in our Form 10-Q, both of which were filed yesterday, as well as in our other reports on file with the SEC that provide further detail about the risks related to our business. Additionally, please note that the company's actual results may differ materially from those anticipated and, except as required by law, we undertake no obligation to update any forward-looking statement. Our remarks today may also include non-GAAP financial measures. Additional details regarding these non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures, can be found in our slide presentation and in our third quarter 2021 corporate update press release issued yesterday. You're welcome to follow along with our slide deck, or if joining us by phone, you can access it at any time on PureCycle.com. We're excited to share updates from the previous quarter with you, and I will now turn it over to Mike Otworth, PureCycle Chairman and Chief Executive Officer.

Mike? Good morning, and thank you for joining us. As David stated, today we'll be reviewing highlights from our third quarter. We will review updates to progress on our feedstock strategy, the launch of our PureZero program with the Cleveland Browns, discuss the location of our first feedstock preprocessing facility in Florida, provide an update on our Ironton plant, discuss our FDA letter of no objection, and we will then dive into our customer pipelines. Now, moving to slide number three. On slide three, you'll see that our 2021 Q3 highlights include wins across operations, feedstock, commercialization, and finance. I'll take a few moments to highlight a couple of key areas for you. Executing operationally remains at the heart of everything we do here at PureCycle. And despite a challenging supply chain environment, our Ironton facility remains on track to begin operations in Q4 of next year. We recently approved a series of additional investments in Ironton that are designed to both de-risk operations and broaden our processing capabilities to handle an ever wider range of feedstocks. In Q1, we outlined our feedstock strategy regarding how we would target post-consumer feedstock and build an awareness for the value of number five, polypropylene plastic. I'm excited to report that we are executing that strategy and have identified over 1.6 billion pounds of feedstock. Since last quarter, we've signed six LOIs accounting for 168 million pounds of feedstock. These LOIs will help supply our first preprocessing facility in Central Florida. Additionally, we have developed and launched our Pure Zero program geared toward helping make stadiums, entertainment venues, and retail more sustainable. We launched this program in partnership with the Cleveland Browns, and we couldn't be more thrilled about this partnership. We intend for this to represent an actionable pathway for similar organizations to progress their sustainability ambitions. We launched our first commercial product with EC30, a Procter & Gamble brand that is built around sustainability. We submitted our FDA letter of no objection in September and progressed customer discussions, representing 277 million pounds across existing and new market segments using a feedstock plus pricing model. And lastly, from a finance perspective, we're ending the third quarter with 494 million in total cash and investments and have spent 45 million progressing our key projects. Moving to slide four, you can see PureCycle continues to expand our global footprint into markets that offer the best opportunity. We're progressing toward definitive agreements with our previously announced MOU partners and continue to evaluate additional opportunities. Slide five, we highlight evolving consumer trends that drive demand for sustainable products. As mentioned, our first commercial product hit the digital shelves with EC30 shampoo dispenser. made of ultra-pure recycled polypropylene produced from our Ironton facility. EC30 was really the perfect partner for our first product launch as they are equally focused on offering truly sustainable products with the smallest carbon footprint. This type of product demonstrates to brand owners our resin's ability to deliver exceptional aesthetic and mechanical properties that meet both sustainability goals and delight the consumer. Consumers don't want greenwashing. They don't want corporate greenwashing. They don't want greenwashing of any type. They expect companies to deliver high-quality products with high percentages of recycled content. And this launch proves that pure recycled products deliver on both points. And now, Dustin Olson, our Chief Manufacturing Officer, will discuss our execution progress across these goals. Dustin?