Legend Power Systems Inc.

Good afternoon. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone to the Legend Power Systems Q2 2020 Financial Results Release and Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, please press the pound key. Thank you. Mr. Vannery, you may begin your conference.

Thanks, Ian. Welcome to the Legend Power Systems Fiscal 2020 Q2 Investor Call. I'm Steve VanRee, Legend's Chief Financial Officer. We are pleased to have you join us on the call today to discuss our corporate progress and financial results for the second quarter of 2020, ending March 31st of 2020. I'd like to remind everyone that certain statements in this call may be forward-looking in nature. These include statements involving known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. For more information about Legends forward-looking statements and risk factors, please see our 2019 year-end Management's Discussion and Analysis, dated January 28th of 2020, which can be found under our company profile at cdar.com. I will now pass the call over to Legend's CEO, Randy Buckemer, for an overview of our third quarter.

Randy? Thanks, Steve. Welcome, everybody, to the Legend Power Fiscal 2020 Q2 Investor Call. Pleased to have everyone join us on the call today, and we'll discuss our corporate progress and provide investor and financial market business update. Obviously, Steve's across from me in the room today, so you've met Steve, and also on the line, we have Mike Ciosi, our VP Sales and Marketing, in his office. is Atlanta Home. Steve will follow me, he'll discuss our financials, and he'll enlighten you on the smart steps that have been taken to reduce the financial impact of the pandemic on Legend. Mike will share his excitement about our transition from a product-based company to a soon-to-be-released enhanced smart gate energy management platform, and how the enhancements are transformational for Legend. During our last update call during Q1, we confirmed our focus was to continue to enhance our solution offering, improve our sales process, add sales talent, and implement a corporate social marketing campaign to communicate our devalued props and solutions to our target markets. So during fiscal Q2, Legend continued with the most significant product enhancement and value proposition improvement in Legend's district. Historically, Legend has been positioned as an energy-saving product company, and judged on reducing energy costs and achieving an acceptable return on investment. Enhancing our products with Solution Platform adds the capability to address the three most common customer-stated energy challenges experienced in commercial buildings, and thus support the desired outcomes of increasing their rents, reducing their costs, increasing their profit, and improving their building valuations. We're now so much more than just an energy-saving simple payback proposition. This transformation continues to enhance our value products provide prospects with reasons to buy Legend beyond just saving energy, increase our market potential by opening up new verticals like the industrial market that Mike will talk about, and expand our competitive advantage and provide the sales team with an unequal story and product solution to sales. Quite simply, Legend is now the leading provider of an appropriately sized, costed, complete energy management solution for commercial buildings To proactively protect, manage, and improve their buildings, we are seeing new and following orders from New York, Pacific Northwest, and Ontario. We are also shipping Insight Solutions to Boston. Mike will give more detail on our transformation progress and highlight significant sales order improvements. During the quarter, we continue to support our new solution platform with the appropriate sales talent and experience, which led to a significant sales changeover in our sales management and Toronto-based sales team. The changeover is now complete and Mike's COC has the team that he needs. Our philosophy just reminds you on the sales side is to have fewer salespeople than reason, but have more experienced and capable salespeople that spend more quality time in front of our prospects, while greatly reducing our sales team's administration and non-sales activity. Bledson has and can attract high-caliber sales talent to assure success and allow to make sure that we are in seeing executives at a senior level. We have far more sales opportunities with higher potential in multiple regions and verticals than any time in our history. And both Ontario, Pacific Northwest, and U.S. bookings are growing, and our growth prospects are very positive. During these difficult financial market times, this company knows a legend and has a strong balance sheet and resources to fuel our growth plan. We've invested for growth by enhancing our solution offering, improving our sales team and processing, and building a strong engineering team. that continues to develop and release leading-edge energy management solutions. We continue to earn the respect of our target markets, add new verticals like ESCOs and industrial markets, again Michael touched on those, and make them comfortable that Legend Power is an innovative company to work with. We continue to receive new and follow-on orders from all regions. We anticipate sales growth and Legend Power leadership team is very positive about Legend's future, and we're each absolutely committed to making Legend Power a leading energy solutions company. And I'll turn the call over to Steve, our CFO again, and he will provide a financial update, and then he'll be followed by my COC to highlight our sales progress. Back to you, Steve.