PyroGenesis Inc.

Hello, and welcome to PyroGenesis third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. I would now like to hand the conference over to your host, Steve McCormick. You may begin.

Thank you, operator, and good morning. I'm Steve McCormick, vice president of corporate affairs for PyroGenesis. Thank you for joining PyroGenesis 2024 third quarter financial results and business conference call. On the call with us today are Mr. P. Peter Pescali, President and CEO of Pyrogenesis, and Mr. Andre Minella, the company's Chief Financial Officer. The company issued a press release on Wednesday, November 6, 2024, containing the financial results and a business update for the third quarter ending September 30, 2024, which can be viewed on the company's website. If you have any questions after the call or would like additional information about the company, please contact the Investor Relations Department and we will try as best as possible to answer any questions that are of a public nature. The company's management will shortly provide prepared remarks reviewing the operational and financial results for the third quarter ending September 30th, 2024. I'd like to remind everyone that this discussion will include forward-looking information that is based on certain assumptions, and is subject to risks and uncertainties that could cause actual results to differ materially from historical results or from results anticipated by the forward-looking information. Forward-looking information provided in this call speaks only as of the date of this call and is based on the plans, beliefs, estimates, projections, expectations, opinions and assumptions of management as of today's date. There can be no assurance that forward-looking information will prove to be accurate, and you should not place undue reliance on any forward-looking information. Paragenesis disclaims any obligation to update any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. In addition, during the course of this call, there may also be references to certain non-IFRS financial measures. including references to EBITDA, modified EBITDA, and backlog, which do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other companies. For more information about both forward-looking information and non-IFRS financial measures, including a reconciliation of EBITDA and modified EBITDA, please refer to the company's management discussion and analysis, which, along with the financial statements, are available on the company's website at pyrogenesis.com and at cdarplus.ca. Also, a reminder that Pyrogenesis follows Canadian generally accepted principles. excuse me, generally accepted accounting principles, or GAAP, where revenue is accrued not on sales, but on a model that reflects a percentage of the work completed on contracts during the period, which can vary based on both the nature of the projects in-house and on a client's own scheduling and logistical decisions, both of which can impact production milestones and the company's ability to book revenue. During these recent years of supply chain, logistical, and inflationary uncertainties, those issues have been more frequent and exacerbating. And as stated in previous reports, the company's revenues are likely to be irregular and unpredictable quarter to quarter as contract-related revenue fluctuates based on various reasons, including those just explained. With that, I will now turn the call over to Mr. P. Peter Pascali, President and CEO of Pyrogenesis.

Mr. Pascali, please go ahead. You seem to have a very deep mic.