Hyliion Holdings Corp.

Ladies and gentlemen, thank you for standing by, and welcome to the Holly Young Holdings Second Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone keypad. We ask that you only ask one question with one follow-up. Please be advised that today's conference is being recorded. If you require further assistance, please press star zero. I would now like to hand the conference over to your speaker today, Thomas Healy, I'm sorry, Louis Baltimore. Please go ahead, sir.

Thank you and good morning, everyone. Welcome to Hialeah & Holdings second quarter 2021 earnings conference call. With us today, we have Thomas Healy, our chief executive officer, and Sherry Baker, our chief financial officer. During today's call, we will make certain forward-looking statements regarding our future business expectations, which involve risks and uncertainties. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions, and as a result, are subject to risk and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements on this call. For more information about factors that may cause actual results to materially differ from forward-looking statements, Please refer to the press release we issued yesterday after the market closed, as well as our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements. We undertake no duty to update this information unless required by law. Before turning the call over to our CEO, Thomas Healy, we'd like to share with you a short video about Hyliion and our mission.

We live in an increasingly connected world, one where convenience is at the heart of every interaction. One simple click and your order is on the way from across the world to your front door in record time. While progress provides many benefits, it also comes at an unsustainable cost. Each year, heavy duty trucking consumes over 38 billion gallons of diesel fuel in the United States alone, making the industry one of the fastest growing sources of greenhouse gas emissions. It creates a massive carbon footprint and imposes an everyday tax on this planet we call home. We are Hyliion, an innovative company with big ambitions, born from the idea that real change is both necessary and possible. A company built around a vision for a safe and sustainable future that improves the lives of people, all while reducing their impact on the environment. a company that recognized the urgent need to effectively reduce the amount of pollution caused by the most necessary of industries. At Hyliion, we don't make trucks. We transform them to be part of the solution. With two powertrain systems designed to improve performance and lower the cost of ownership, Hyliion is ready to jumpstart the trucking industry's path to electrification. Our first solution, the Hyliion Hybrid Powertrain, uses an intelligently controlled electric axle to power the truck, immediately reducing fuel consumption and lowering emissions. And our second solution, the Hyliion HyperTruck ERX Electric Powertrain, is charged by net carbon negative capable renewable natural gas and offers an industry leading thousand plus mile range. With state-of-the-art proprietary software that maximizes fuel economy while optimizing performance and offering remote diagnostics and over-the-air updates, driving a Hyliion outfitted truck isn't just a net positive for the planet. It is also an enhanced experience for the driver. The future is undoubtedly electric, and whichever option fleets choose, Hyliion offers the technology needed to unlock their electrification potential. The demand for commercial transportation shows no sign of slowing down and creating sustainable trucking fleet is vital to reducing the industry's carbon footprint. At Hyliion, we're not just changing the industry. We're changing the world. One truck at a time.