The company cautions that a number of important factors could cause our actual future results and other future circumstances to differ materially from those expressed in any such forward-looking statements.
These important factors and other factors that could potentially effect the company’s financial results are described in the section called Risk Factors in the company's most recent annual report on Form 10-K for the year ended December 31, 2011, and in the company’s other filing with the SEC, which are available through the Investor Relations section of the KiOR website at www.kior.com or on the SEC website at www.sec.gov.
The company may change its intention, believe or expectations at any time and without noticed based any changes in such factors in assumptions or otherwise. The company undertakes no obligation to release publicly and relation to any forward-looking statements to affect events or circumstances after today to or to reflect the occurrence of anticipated events. Therefore you should not rely on these forward-looking statements as representing the company’s views as of any date subsequent to today.
Now, I would turn the call over to Fred Cannon.Fred Cannon Thanks Max. Good day. I would like to talk to you about another strong quarter of execution and progress for the KiOR team. First, our research and development team has created a new generation catalyst platform that is going to have a substantial positive impact on the economics of future plans. Next, commissioning of our Columbus facility remains on track and we are getting ready to startup the facility in September. Given the typical startup issues that we expect to face, we remain confident that our cellulosic gasoline and diesel will be an American cars and trucks during the fourth quarter of this year. We are closing the Columbus construction books and can report that the final actual costs for construction of the facility will come in about 4% less than our previously estimated costs of $222 million.