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Yehudit Bronicki - Chief Executive Officer, Director, Chairman of Compensation Committee, Chief Executive Officer of Ormat Industries, President of Ormat Systems, General Manager of Ormat Industries and Director of Ormat Industries
Joseph Tenne - Chief Financial Officer, Principal Accounting Officer and Chief Financial Officer of Ormat Industries Ltd
Yoram Bronicki - President, Chief Operating Officer, Director and Director of Ormat Industries
Steven Milunovich - BofA Merrill Lynch, Research Division
Daniel J. Mannes - Avondale Partners, LLC, Research Division
Carter W. Driscoll - Capstone Investments, Research Division
JinMing Liu - Ardour Capital Investments, LLC, Research Division
Mark Barnett - Morningstar Inc., Research Division
Peter Christiansen - BofA Merrill Lynch, Research Division
Ladies and gentlemen, thank you for standing by, and welcome to the Ormat Technologies Fourth Quarter and Year End 2011 Earnings Call. [Operator Instructions] Thank you.
I would now like to turn the conference over to Mr. Rob Fink of KCSA Investor Relations. Sir, you may begin your conference.
Thank you, and thank you everybody for joining us today. Hosting the call today are Dita Bronicki, Chief Executive Officer; Yoram Bronicki, President, Chief Operating Officer; Joseph Tenne, Chief Financial Officer; and Smadar Lavi, VP of Corporate Finance and Investor Relations.
Before beginning, we would like to remind you that the information provided during this call may contain forward-looking statements related to current expectations, estimates, forecasts and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations, and are based on management's current estimates and projection of future results or trends. Actual future results may differ materially from these projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see risk factors as described in the annual report on Form 10-K filed with the SEC on February 28, 2011.