Westport Fuel Systems Inc

Good day and thank you for standing by. Welcome to Westport's second quarter 2026 conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised, today's conference is being recorded. I would now like to turn the conference over to your speaker today. Ashley Null, please go ahead.

Thank you. Good morning, everyone. Welcome to Westport Fuel Systems. conference call regarding its second quarter 2026 financial and operational results. This call is being held to coincide with the press release containing Westport's financial results issued yesterday after markets closed. On today's call speaking on behalf of Westport will be Chief Executive Officer and Director Dan Sceli and Chief Financial Officer Elizabeth Owens. Attendance on this call is open to the public but questions will be restricted to the investment community. You are reminded that certain statements made on this conference call and our responses to certain questions may constitute forward-looking statements within the meaning of US and applicable Canadian securities laws. Forward-looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Please refer to Westport's filings for more complete discussion of these risks. Before I turn the call over to Dan, I wanted to highlight that since our first quarter release in May, Westport has continued to advance several important corporate and commercial priorities, including Suspiria's hydrogen development agreement with Volvo and the completion of a US $10 million offering and concurrent private placement. With that, I will turn the call over to you, Dan.

Thank you, Ashley, and good morning, everyone. Q2 was an important quarter for Westport. We continue to execute against our strategy of focusing the business around high-impact, scalable clean transportation solutions where our technology can deliver meaningful economic and emissions benefits without compromising performance. The quarter was also marked by important developments that strengthen our platform for future growth. First, Suspira, our joint venture with Volvo Group, signed an agreement with Volvo Group to complete development of a hydrogen-fueled engine. This is an important milestone because it reinforces the relevance of HPDI technology across multiple low-carbon fuels, including hydrogen, natural gas, and renewable natural gas. It also further validates the role of internal combustion engine technology as part of the practical pathway to decarbonizing heavy-duty transport. Second, we completed a US $10 million offering in June. This financing provided additional working capital to support our ongoing operations and strategic priorities as we continue to advance the business. We recognize the importance of managing capital carefully and we remain focused on balancing investment and growth opportunities with continued financial discipline. Operationally, the quarter continued to reinforce the strategic value of our core platforms. At Suspira, we remain encouraged by the commercial momentum we are seeing in LNG-powered heavy-duty trucks and by the broader market context supporting adoption. The Q1 results showed a strong year-over-year revenue growth, and in Q2 we continued building on that foundation through development work, customer engagement, and the hydrogen engine development agreement with Volvo. We have consistently indicated that 2027 would be the break-even year for Suspira, and the results we are seeing continue to build credibility behind that expectation. Since inception, Suspira has delivered quarter-over-quarter revenue growth, with growth delivered in Q2 being particularly significant. That momentum, combined with continued operating leverage as volume scale, reinforces our confidence that Suspira is progressing toward the financial profile we have been targeting for next year. The message is clear. SUSPEAR is not a single fuel opportunity. It is a platform that can support multiple lower carbon pathways for heavy duty transport while preserving the power, range, and reliability fleets require. The volume growth we are seeing is being supported by a more resilient commercial backdrop for LNG heavy duty trucking. Despite ongoing geopolitical tensions, the price differential between LNG and diesel has continued to show consistency reinforcing the economic case for fleets evaluating lower carbon alternatives that can also support operating cost discipline. At the same time, recent regulatory developments in the European Union are increasing the strategic value of emissions reducing technologies. OEMs are now able to generate additional CO2 credits in the years leading up to 2030, which may help with the compliance from 2030 onward. That creates a stronger incentive for earlier deployment of lower-emission heavy-duty technologies such as HPDI, where reduced emissions can translate into avoided compliance costs and potential emission credit value. In North America, our high-pressure CNG fuel system remains an important area of focus. Following our ACT Expo showcase, we continued to build awareness around a solution designed to deliver diesel-like performance with lower fuel cost potential and reduced emissions. Over the last couple of months, we have had the opportunity to demonstrate our truck to several fleets at our Vancouver facility, giving them the opportunity to put a driver into the truck. The level of engagement we are seeing and the feedback we are receiving reinforcing that fleets are looking for practical alternatives that can work within existing operating realities rather than requiring a wholesale change in how they run the business. Our high pressure controls business also remains a key part of Westport's value proposition. With production underway at our expanded Cambridge, Ontario facility and at GFI's China Hydrogen Innovation Centre and manufacturing facility in Jiangsu, China, we continue to believe this business is well positioned to serve growing demand across hydrogen, natural gas and industrial applications. With that, I'll ask Elizabeth to walk through the financial results in more detail. Elizabeth, over to you.