PowerBank Corporation

Hello, everyone. Thank you for standing by. Good afternoon and welcome to the Power Bank Fiscal Fourth Quarter 2026 Financial Results and Corporate Update Conference Call. My name is Megan Haley, Marketing Associate for Power Bank. At this time, all participants are in a listen-only mode. After today's presentation, there will be a question and answer session, which will feature previously received questions. Participants of this call are advised that the audio of this conference call is being broadcast live over the internet and is also being recorded for playback purposes. A webcast replay of the call will be available approximately one hour after the end of the call and accessible on the investor relations portion of our website for 30 days after the call. This morning, the company issued a press release for its financial results for the fiscal fourth quarter ended June 30th, 2026. A copy of that press release can be found on the company's website at powerbankcorp.com under the News tab. Joining me on today's earnings call from PowerBank's management team are Dr. Richard Lu, Chief Executive Officer, and Nicole Rousseau, Chief Financial Officer. During this call, management will be making forward-looking statements, including statements that address PowerBank's expectations for future performance or operational results. Forward-looking statements involve risk and other factors that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors described in PowerBank's Annual Information Form, most recently filed Annual Report on Form 40-F, and subsequent periodic reports filed with the SEC, CDER+, and PowerBank's press release that accompanies this call, particularly the cautionary statements in it. The content of this call contains time-sensitive information that is accurate only as of today. Except as required by law, Power Bank disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call. It is now my pleasure to turn the call over to CEO Dr. Richard Lu.

Thank you so much, Megan, and good afternoon to everyone on the call. It's a pleasure to be back in front of you to share with our progress. And as you know, Power Bank continues to execute on a clear strategy that is to scale our development and EPC platform while steadily expanding our portfolio of long lived cash generating IPP assets. We're also actively adapting to a fast evolving regulatory and marketing environment in the North American, particularly in the US, where policy and the tariff dynamics are influencing project economics and timing. Operationally, during the quarter and subsequent to quarter end, we made progress across several key areas. First is the development and the construction momentum. We were pleased to announce that all three community solar projects in Nova Scotia have secured interconnection agreement, advancing the 12.4 megawatts pipeline in the province. In May, 2026, we announced three new battery energy storage system projects in upper state New York, adding another 60 megawatt hour to the growing portfolio of our battery energy storage systems. Over the summer, all three community solar projects in the 21 megawatts upstate New York projects achieved commercial operation. Secondly is our safe harboring ITC eligibility. Our procurement of equipment for the eight distributed solar and energy storage projects in New York State has positioned those projects to remain eligible for U.S. federal investment tax credit under the One Big Beautiful Bill Act. Physical work commenced on the procurement, meaning the project met the IRS physical work test ahead of its July 4, 2026 deadline. The estimated ITC value associated with the Safe Harbor projects is approximately $30 million, with an estimated portfolio construction value of approximately $74 million. Thirdly is to strengthen partnership and growth initiatives. In June, we announced a joint development agreement with Nodiak Corporation to leverage Power Bank's portfolio of solar and battery storage sites across North America for the development of distributed AI computer infrastructure. We were also awarded a 2.95 million federal contract with the US Department of Defense and the Department of the Army for the covered parking canopy solar projects. Fourth, the Ontario battery storage milestone. Our SFO6 battery energy storage project in Ontario achieved commercial operation on April 20, 2026. This is a significant milestone and added a new recurring IPP revenue stream to our portfolio and a long-term contract with the Ontario ISO. For the remaining two projects in Ontario, the timelines remain dependent on permitting processes. and we are actively managing those proceedings. Fifth, the new strategic opportunities. As the rising AI use increase our already rising demand for power, we are working to co-locate modular edge data centers with solar and battery projects sites across Canada and the United States, leveraging our existing relationship and assets to create an additional source of revenue in a timely manner. Steading back, we continue to see a large addressable opportunity set in North America. As disclosed, our total development pipeline is approximately 200 megawatts and 756 megawatt hours. including 15.5 megawatts under construction and 130 megawatts in advanced development across solar PV and battery storage with the balance in early stage development. With that update, I will turn it over to Nicole to review our financial results in more detail. Nicole.

You're on mute.