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February 14, 2012 4:30 am ET
Jan H. Lindelow – Interim President and Chief Executive Officer
John K. Penver – Chief Financial Officer and Vice President, Finance
Walter Nasdeo – Ardour Capital Investments LLC
Shawn E. Lockman – Piper Jaffray, Inc.
Good afternoon, everyone. Thank you, for participating in today’s conference call to discuss Active Power’s Financial Results for the Fourth Quarter and our Year Ended December 31, 2011.
With us today is Mr. Jan Lindelow, Interim President and Chief Executive Officer of Active Power and Mr. John Penver, the Company’s Chief Financial Officer. Following their remarks, we will open up the call for questions.
Before I continue, I’d like to take a moment to read the Company’s Safe Harbor statement. The company’s management on this call may make forward-looking statements that involve risks and uncertainties, including statements relating to Active Power’s current expectations of operating results for the first quarter of 2012, its future operating results, and its customers’ current intentions.
Any forward-looking statements and all other statements that may be made during this call are not historical facts are subject to a matter of risks and uncertainties and actual results may differ materially. Factors that could cause the actual results to differ materially from the results predicted include, among others; the deferral or cancellation of sales commitments as a result of general economic conditions or uncertainty, risks related to our international operations, and product performance and quality issues.