Solid Power, Inc.

Good day and welcome to the Solid Power, Inc. first quarter 2022 earnings conference call. All participants will be in a 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. Please note that this event is being recorded. I would now like to turn the conference over to Jennifer Alquist, Investor Relations. Please go ahead.

Thank you, and thank you, everyone, for joining us today. Joining me on the call today are Solid Power's Chief Executive Officer, Doug Campbell, and Chief Financial Officer, Kevin Papsiski. Copies of today's press release are available on the investor relations section of our website at ir.solidpowerbattery.com. Before we get started, I'd like to remind you that parts of our discussion today will include forward-looking statements as defined by U.S. security laws. These forward-looking statements are based on management's current expectations and assumptions about future events. and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, we disclaim any duty to update any forward looking statements to reflect future events or circumstances. For discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed in our forward looking statements, please see our most recent filings with the Securities and Exchange Commission, which can be found on our website at ir.solidpowerbattery.com. With that, let me turn it over to Doug Campbell.

Thank you, Jen. Good afternoon, everyone, and thanks for joining us. My comments today will be somewhat brief, given the short amount of time between our year-end call and today. I'll begin first with a business update. I'll then pass it over to Kevin for a brief review of the financials, and then I'll return with some concluding remarks. Looking at the first quarter, I'm happy to report that 2022 is off to a strong start thanks to the execution and focus across the entire Solid Power team. I will be providing you with an update on our operational investments and cell development progress, but in short, one, we are nearing completion of our EV cell pilot production line. Two, we have made meaningful progress constructing our electrolyte facility. Three, revenue came in ahead of expectations. And finally, four, we remain on track with all of our operational and developmental targets. In all, we believe we are well positioned to achieve our goals by the end of this year. Looking at our cell development progress during the quarter, I'm pleased to report that we remain on track with our roadmap. We recently delivered an additional iteration of our two amp hour multilayer cells to our partners. In addition, we are internally testing our 20 amp hour multilayer cells. Regarding those cells, while we still have some technological challenges to overcome, we remain on track to deliver those 20 amp hour cells to our OEM partners later this year. These smaller format cells play a very important role as we progress towards our full-scale EV cell, and we are pleased with the continued strong execution from our development team. Turning to our operational investments. As we announced last quarter, we elected to accelerate investments in our operations, production equipment, and product development efforts. We made this decision in order to take advantage of opportunities in the market and mitigate risks associated with the current supply chain environment. Let me take a moment to update you on our progress. First, our EV cell pilot line. which is designed to produce EV-scale cells in a high-throughput manner that mimics today's lithium-ion manufacturing. In particular, I am pleased to announce that the EV cell pilot line is nearing completion. As of today, nearly all of our equipment has been installed and acceptance testing complete. The EV cell pilot line has been designed to produce 60 to 100 amp hour, all solid state battery cells, which we refer to as EV scale. Once the line is fully operational, we expect to begin producing EV scale cells on the line for internal testing in the third quarter. Second, regarding our electrolyte production facility, construction is well underway and we are still targeting completion for the second half of this year. Once complete, we expect this facility to have the capacity to produce up to 2,500 kilograms of our electrolyte per month. This is a huge step up from our current production of approximately 150 kilograms per month and is a key step towards commercialization. As of today, we have made meaningful progress with building the structural framework within the facility and expect equipment will be delivered over the next several months. Construction has been going well, although we have not been immune to supply chain pressures. While these pressures introduce some complexity, they also validate our decision to execute sooner rather than later and reduce headwinds in today's supply chain environment. I'm pleased to say our operations team has done a great job mitigating these complexities, and it is a testament to their hard work that we remain on track with the timeline we put out last quarter. In short, we are energized by the progress we're making towards our 2022 goals. We believe the investments in our product and our operational capabilities are key to delivering on our OEM specifications and advancing us into formal automotive qualification. With that, I'll pass it over to Kevin to take you through our first quarter results. Kevin?