Transphorm, Inc.

mute to prevent any background noise after the speaker's prepared remarks there will be a question and answer session if you would like to ask a question during this time simply press star followed by the number one on your telephone keypad if you would like to withdraw your question press the pound key please be advised that today's conference is being recorded i would now like to turn the call over to brett perry of shelton group investor relations brett please go ahead

Good afternoon and welcome to Transform's fourth quarter business update conference call. Joining us today from Transform are Mario Rivas, Chief Executive Officer, Premit Parikh, Co-Founder and Chief Operating Officer, and Cameron McClay, Chief Financial Officer. Before we begin, I'd like to point out that there's a slide presentation associated with today's call, which management will be referencing during the conference call. These slides can be accessed through the webcast link in the investor relations section of Transform's website, where they will also be posted and available as a linked PDF document. Additionally, during the course of this call, the company may make forward-looking statements regarding the company's financial position, strategy and plans, future operations, specific end markets, and other areas of discussion. It's not possible for the company or management to predict all risks, nor can the company assess the potential impact of all factors on its business or the extent to which any factors or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks, uncertainties, and assumptions, the forward-looking statements discussed during this call may not occur and actual results could differ materially and adversely from those anticipated or implied. Any projections as to the company's future performance represent management's estimates as of today, March 9th, 2021. Neither the company nor any person assumes responsibility for the accuracy or completeness of the forward-looking statements. The company undertakes no obligation to publicly update forward-looking statements for any reason after the date of this call to conform such statements to actual results or to changes in the company's expectations. For more detailed information on risks associated with the company's business, we refer you to the risk factors described in Transforms S1 and other subsequent filings with the SEC. With that said, it's now my pleasure to turn the call over to Transforms CEO, Mario Rivas. Mario, please go ahead.

Thank you, Brett. Welcome to everyone on today's call, and thank you very much for joining us. Fourth quarter marked a strong finish to a successful year, and we continue to make significant progress on our product development, decide wind momentum, and go-to-market initiatives. Despite the challenges associated with the COVID-19 pandemic, we remain closely engaged with our strategic partners, and continue to fully support both new and existing customers throughout 2020. We continue to drive increased adoption of our disruptive GaN technology across targeted applications in fast charging adapters, data centers, crypto mining, as well as electric vehicles. We successfully completed a 15 million private placement in support of future growth as we ramp volume shipments against a healthy backlog and growing number of design wins. Additionally, we continue to expand the depth and expertise of our board with the recent appointment of Katharina McFarland. Going to the key investment highlights, Transform with its global semiconductor presence continues to lead the GAN revolution with the highest performance, highest reliability GAN devices for high voltage power conversion applications. The largest market opportunities for GAN are electric vehicles and 5G. Transform integrated business approach ensures a smooth commercial ramp in a variety of markets, from the consumer power adapters to automotive applications, from high-volume products to the highest levels of quality and reliability. Transform's GAN technology received validation from our partners, customers, and the United States Department of Defense through their Office of Naval Research. This integrated business approach, backed by one of the industry's largest IP portfolios, with over 1,000 patents, recently was valued in excess of $200 million. And it has yielded the industry's first JEDEC and AAC-Q101 qualified GAN fed. To continue to ensure this GAN revolution, Transform deploys its unique vertically integrated business approach that leverages the industry's most experienced GAN engineering team at every development stage. design, fabrication, device, and application support. Transform is dedicated to educating and supporting customers interested in developing with high-voltage GAN to continue the progress of power devices along Moore's Law. And it's powered by more than 300 years of GAN experience. With this introduction, allow me to pass the call to Premier Baric to walk through the development over the past few months.