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April 24, 2012 4:30 PM ET
Doug Milner – President and CEO
John Penver – VP and CFO
Walter Nasdeo – Ardour Capital Investments
Jeff Osborne – Stifel Nicolaus & Company
Carter Driscoll – Capstone Investments
Good afternoon, everyone. Thank you for participating in today’s conference call to discuss Active Power’s Financial Results for the First Quarter ended March 31, 2012.
With us today is Mr. Doug Milner, 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 would 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 related to Active Power’s current expectations of operating results for the second quarter of 2012 and fiscal 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 that are not historical facts and subject to a number of risks and uncertainties may actual results may differ materially. Factors that could cause the actual results to differ materially for the results predicted include, among others; the deferral or cancellation of sales commitments as a result of general economic conditions and uncertainty, risks related to our international operations, and product performance and quality issues.