Greetings. Welcome to the InspireSemi third quarter 2022 business update and financial results call. This time, all participants are in listen-only mode. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note this conference is being recorded. At this time, I'll turn the conference over to Scott Eckstein. Scott, you may now begin. Thank you, operator. Hello, everyone, welcome to the InspireSemi third quarter 2022 business update and financial results call. A copy of our press release is available on the investors section of our website at www.inspiresemi.com. With us on today's call are James Hickman, InspireSemi's Chairman, Ron Van Dell, our Chief Executive Officer, Alex Gray, Founder, Chief Technology Officer, and President, John Kennedy, Chief Financial Officer, Doug Norton, Vice President of Business Development, and other members of our Management Team. Today, we'll review the highlights and financial results for the third quarter, as well as recent developments, provide a business update, and talk about the upcoming anticipated milestones for our company. At this time, I would also like to remind everyone that during today's call, we'll discuss our business outlook and make forward-looking statements. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with SEDAR. Other than as required by applicable securities laws, the company does not assume any obligation to update or revise them to reflect new events or circumstances. I refer you to the disclaimer slide in our presentation for further details. It is my pleasure to introduce Ron Van Dell, Chief Executive Officer of InspireSemi. Ron, please go ahead. Thank you, Scott. In terms of our agenda on this update call, I'll do a very brief company overview. John Kennedy, our Chief Financial Officer, will go through our third quarter financial highlights, and then James Hickman, our Chairman, and I, with a couple others from our Executive Team, will go through the business update. By way of a company overview, InspireSemi is an Austin-based chip design company. Our focus is a game-changing accelerated computing solution to deliver on revolutionary performance, energy efficiency, and versatility, and do this in a thriving open software ecosystem. We'll talk more about this through the presentation, but we are bringing to market breakthrough solutions that are superior to existing approaches for both the high-performance computing market, artificial intelligence, and the blockchain cryptocurrency industries. Together, this is a tremendous market opportunity. As a company, strategically, we're very interested in focusing on multiple diversified markets. Over $20 billion in TAM across these markets can be served with our next-generation Thunderbird product. We are already in a position of having a considerable degree of early adopter interest in this product, and we expect it to ramp quite quickly over the course of next year based on its superior value proposition as a solution. As a company, we have a quite efficient operating model with world-class outsourcing manufacturing partners, either TSMC for silicon wafer foundry or ASE for packaging and assembly and test. This yields for us an established, predictable supply chain, and we have already in place some solid OEM and distributor relationships to go to market. As I'll talk about on the next slide, this company benefits from a proven and world-class team, we feel we are well positioned for revenue growth and long-term earnings leverage and value creation as we ramp up across these uncorrelated large markets. On the next slide, talking about our team. In my experience, if you're a early stage company that is intended to be ambitious and disruptive into very large markets with high growth rates, it all comes down to the people in your team. Of course, without Alex Gray, our Founder and President and Chief Technical Officer, none of us would be here. He was ultimately the one who got this party started, so to speak, for what was CryptoCore Technologies and is now Inspire Semiconductor. Myself, I have been doing this for over 40 years. This is, I guess, my fifth Chief Executive Officer role, but I've been building high-tech businesses on a global basis across multiple industries for a long time. John Kennedy, our Chief Financial Officer, is someone I have worked with personally in four different companies over about 20 years in the past. Just an outstanding Chief Financial Officer and, I would say someone who was also the driving force in us going public last month, which we'll talk about a little bit more later. Jim O'Connor is our Vice President of Engineering. Has had a great track record in multiple startups and also experience at Cadence Design Systems, which is who we work with for the all-important design tools that it takes to put these amazing circuits onto small chips and send them into wafer fab. Thomas Fedorko is our Vice President of operations, also a very seasoned, experienced executive, both across large companies like Motorola or multiple startups. What you'll see as a theme throughout this leadership team are a cast of executives with both large company and startup expertise. This team knows how to be entrepreneurial, but they also know how to scale businesses as they become large. Doug Norton, our Vice President of Business Development, is no exception to that. Experience across multiple different very large and very new companies. Also extremely well-placed in the high-performance computing ecosystem and the RISC-V software consortium. The final person I'll mention on this, on this, subject, but not on this slide, is Trevor Smith, who is a also very, well-respected, recognized development professional, and he is the gentleman who heads up our Thunderbird development, which you'll be hearing more about as we go forward. From that leadership team and with what we've been able to do in attracting and retaining top-tier talent across every discipline, pound for pound, this is an extremely strong company. With that, I will switch over to slide six for John Kennedy, our Chief Financial Officer, to go through the headlines of our third quarter financial update. John. Great. Thank you very much, Ron. This is our first consolidated quarterly filing for the new public entity, Inspire Semiconductor Holdings, Inc. As we previously disclosed, the reverse takeover transaction was completed on September 20th, 2022, and we are trading under the TSX Venture Exchange symbol INSP. You can review the company's full Q3 quarterly financial statements, management discussion and analysis on SEDAR. In the third quarter of 2022, just prior to the reverse takeover transaction completing, Inspire Semiconductor had completed non-brokered private placement fundraising of approximately $1.9 million preferred shares. Again, that's before any effect of the transaction closing and certain stock splits that took place with that, for an additional roughly $2.5 million cash infusion into the company. A few Q3 2022 highlights. Just keep in mind, Inspire Semiconductor is still a pre-revenue development stage entity. Ron and James and others will be getting into some exciting business updates reflecting the hard work of the entire Inspire Semiconductor team and where we're headed in the very near future for an exciting calendar 2023. A few Q3 22 highlights. At the end of the quarter, our cash and cash equivalents were approximately $3.7 million on hand. We had a net loss for the quarter of $7.4 million compared to $1.7 million for the same quarter of the prior year, 2021. This increase seems substantial, but it's really the result of listing expenses and accounting transactions to record on a consolidated basis at September 30, 2022, the full effects of the reverse takeover transaction. Not unexpectedly, our research and development expenses increased as we continued on with our Thunderbird product development. This increase is really attributable to increased development activity, including continued expansion of our engineering team and support there. I would just point out that to date, the company in general has operated in an extremely capital-efficient manner, particularly if you look at other hardware and technology companies. We've gotten a lot done with a relatively small team and relatively smaller spend. As Ron mentioned, the leadership team played a large role in that. Everyone is very hands-on, so strategic thinkers and leaders, but also hands-on in the trenches doing work. Our entire team, beyond that, engineering and otherwise, are very experienced and know how to get the job done. In addition to that, we also take advantage of and leverage outside partners and service providers to allow us to accomplish all that we have accomplished. Importantly, I will point out that in October, so this is subsequent to the September 30th quarter end, but in October, we paid an additional $2 million deposit. This is in addition to $1 million paid earlier in 2022 for a total of $3 million paid to Taiwan Semiconductor Manufacturing Company, or TSMC, as they're known, to further solidify our relationship and our ability to access future wafer capacity. This is critically important. It's not typical for every startup to have this access that we're fortunate enough to have. These funds are a lot for us to contribute at this time to TSMC, but this is a very key relationship to our success. Finally, I will just point out that, as we're going forward current day and long term, we're evaluating both near-term and long-term financing options, many of which are in progress, to work towards a solution for funding our go-forward strategy, again near term and longer term. We should be releasing some additional details on all of that coming up in the very near future. With that, I will turn it over to James Hickman, our Executive Chairman. Hi, everybody. My name is James J. Hickman. Just to introduce myself briefly, I'm the Executive Chairman of Inspire Semiconductor. I've been in this business since the beginning. I believe I'm literally investor number one, the first person that put money into the founder, Alex Gray, the first money in when Inspire's founder came and approached me back in 2017 about the disruptive technology that he was working on. Disruptive, I got to say, is a word that people throw around a lot, especially in technology. I think what you're going to find over the next several slides as you hear more about the specifics of what we have to offer from our Chief Executive Officer and our director of business development, I think you'll be really impressed with what we have to offer. Alex, back in 2017, took the investment capital that he was given, and he really proved the concept of what his design and what his technology could do. That was simply to deliver incredibly high performance, tremendous computing power, and to be able to do that while dramatically slashing power consumption. That's a really big deal, especially in the world that we live in now. That was five- years ago. Since then, the business and the technology have really grown substantially. It's no longer a one-man band. It's no longer Alex working out of his house or out of his garage. It is a team of very highly seasoned professionals. Ron already gave you a brief overview of some of the people on our team, very highly respected people, very experienced people, and people who we all understand the job market as it is right now, especially for technology professionals. These are people that could go anywhere, and yet they choose to come to Inspire and remain in Inspire because they believe in the mission of what we're doing and what we're building because they know and understand that our mission is to develop something that is highly disruptive. The project that we have for the technology that Ron is going to discuss in a minute, we call it Thunderbird, and it is a giant leap forward from what Alex originally built. Overall, we are tremendously excited about Thunderbird and what we're developing. Not just Thunderbird, but the future designs that we're already starting to work on. We're really proud of our design's projected performance specifications, the vast number of use cases, everything from HPC, high-performance computing, machine learning, artificial intelligence, cryptocurrency. These are really enormous markets. We believe that our offering is extremely compelling in these enormous markets. We're also excited and proud of the fact that we've exercised such tremendous capital discipline in our technological development. Again, John mentioned this before. We believe that we've been able to do this virtually on a shoestring. If you're not familiar with hardware technology development, it's really not uncommon for very, very large teams of people to spend upwards of $50 million, $100 million or more on projects that sometimes they even throw away or projects that are honestly less ambitious than what we're trying to do. We've done it with a team of fewer than 20 people and less than $15 million, one five. We have a team. We have a very talented group of engineers. We have a really great management team that has exercised a lot of capital discipline in our technological development, not to mention, frankly, intellectual creativity that is worthy of the name of our business, Inspire. With that, I'd like to turn it over back to our Chief Executive Officer, Ron Van Dell, to discuss business strategy and some of the design specifics to give everybody a little bit of understanding of what our technology can do. Ron? Thank you, James. Starting with strategy first, we look at our strategy as being an outside-in strategy. This is not a build it and they will come kind of mindset from a company or a leadership perspective. Our primary Market focus is high-performance computing. We believe that we can solve hugely complex mathematical problems faster than ever before possible, whether that's for vaccines and genomics and simulation and modeling, weather, energy, graph analytics, and big data. I mean, the list goes on. The more capability that you can deliver to this market, the more people find amazing things to do with this greater capability. The total available market is large, the growth rates are large, and they are uncorrelated drivers. You don't get into a situation of every place you're playing as a company is up at the same time or down at the same time. We are not that kind of company. We accomplish that from a product standpoint with a highly differentiated, what I would call a supercomputer on a chip, and Alex will talk more about this shortly. We want to have the leading solution for what are called the computing accelerators. These are not the traditional general purpose system level CPUs from the likes of Intel or AMD. This is the other 80% of the content in these high-performance systems that has to actually do the huge number crunching to solve some of these problems in a reasonable time. It's thousands of small, high-performance CPU cores that are embedded in a mesh fabric that work together seamlessly. Being able to do that is why the lithography, as we call it, the small features on your silicon wafer processes are so important to us because we're packing a lot on a chip, we need small feature sizes to be able to do that. When we do that, you get best results, compared to anybody in terms of both performance for the cost or performance for the power drain. That's what we're all about, is delivering on both performance from a standpoint of energy efficiency and performance from the standpoint of economic value. We are also not just doing a chip. We have an ongoing vision and a roadmap already in hand that we believe can deliver sustained advantages years and years into the future. Our value proposition fundamentally is large-scale computing power on one chip, great networking capability between chips, high energy efficiency, versatility as a platform across these various applications, and deliver an unprecedented kind of capability within an open RISC-V software ecosystem. As I'll talk about on slide 10 in our competitive positioning, every one of these features leaves us with a very strong value proposition compared to competition. Going on to competitive positioning, as I mentioned, versus traditional system-level CPUs, they've got their job, we've got our job. These are complementary roles, on a total server farm data center type basis. If we look at versus graphics processing units, say from a company like NVIDIA, compared to central processing units mentioned before, GPUs deployed for graphics processing are very good for what they're designed to do. We don't do anything on graphics processing. There's no overlap between them and us. Those are two distinct markets. What is happening so far in the industry is a lot of high-performance computing applications are being addressed, or there's an attempt to address them by deploying GPUs. This is a forced fit. This is not even a good forced fit. Inspire is way better than GPUs on a cost and a power drain basis. It is much easier to do what's called porting, where the national lab that's working on some sort of simulation already has 500,000 lines of code, and they have to go do something to it to take it from one platform to another. That is really hard in proprietary systems that want you to use their software as essentially a one vendor lock-in approach. You port the code once and you're stuck. In our case, with an Inspire-based solution and the RISC-V open software ecosystem, it is easier to port to that ecosystem and you're up and running faster, getting the performance advantages in whatever your HPC kind of application might be. Finally, the architecture of many CPU cores is simply a better fit for the kind of problem-solving apps that we care about that drive these big markets than trying to retask GPU shaders. It's a lot different to move a rectangle around on a screen than it is to try to figure out what hypersonic flows look like over a jet aircraft wing, for example. What we do is what these people writing these applications are used to using. It's just much higher performance and gives them capabilities they haven't had before. Only about 5%, these are what our early adopter lead users are telling us, only about 5% of existing high-performance computing programs port very well at all to a GPU-based solution. That's a huge advantage for Inspire. Last but not least, of course, there's the full custom application-specific IC designs. You literally go out and you have somebody design a piece of silicon just to do one job. Well, we obviously don't do that. We are not a one-and-done solution. We can cover a bunch of different applications. We can get the job done even if what the application need changes over time. Most importantly, we are not leaving our customers stuck with a very cumbersome, low-level software environment to try to move their programs over to run their simulations. That, a few headlines on competitive positioning, but overall, a very strong, well-placed story as a company. Moving on to recent accomplishments, I'll let our Founder and Chief Technical Officer, Alex Gray, talk a bit about the Thunderbird product development here. And then Doug Norton, our Vice President of Business Development, will say a few words about market outreach and validation, and then I will finish these points. Alex, can you share with us your thoughts at this point on the Thunderbird development? Hi, this is Alex Gray. Thanks a lot, Ron, for introducing me. As Ron pointed out, this is an incredibly complex product, thousands of CPU cores versus tens in a lot of competing products. It's taken a long time to develop, and I'm proud of the team for getting it essentially completed at this stage. We're now doing what's called design verification, where we go through every exercise we can think of to prove that this will work when we get it into production because it is expensive and takes a long time to manufacture. We're being very careful. We're running real applications in our simulated environment, including some applications that produce actual revenue, or that customers will actually execute. It's a great way to be sure that it'll work when we actually get to market. Just some color on the complexity of this. There's over 10 billion transistors and multiple miles of wire in a single square inch of silicon. To be really sure, we strive to exercise every single one of those transistors and every single wire. Our tools tell us, when they've operated, and we make sure that our tests cover 99% or more of those, as well as actually functioning in the intended applications. We're looking forward. Amazing T o, getting this to market and having it work on the first try. With that, I think I'll give you Doug Norton, our Vice President of Business Development. Thank you, Alex. I'll just share a little bit of the excitement that we've been building for the last really two- years as I joined the company and we started doing outreach to various customers, initially focusing on some of the very biggest leaders in the industry, which are some of the US Department of Energy National Laboratories. I'm proud to say that we've got, you know, five of the biggest ones very anxiously awaiting this. Argonne, Sandia, Oak Ridge, Lawrence Livermore, Berkeley, these are big leaders in the industry. They have a lot of access to a lot of the open source code that the rest of the world uses for simulation, molecular dynamics, genomics, vaccine modeling, all kinds of things like that. In addition to that, I've had some recent meetings with some of the key analysts in the high-performance computing and AI space. A pretty common response I'm getting is, "Do you realize what you've created here? This is what everybody has been asking for for the last 10 or 20 years. You guys are doing it. This is amazing." The whole fact that it is not a vendor lock-in solution on the software, that customers can, you know, do more of a traditional recompile of their code and test it versus a complete port is something that everybody has wanted for a very long time. To be able to do it with the price point, the energy efficiency we're gonna deliver is pretty astounding. I was also just this past week at the Supercomputing Conference, SC '22, in Dallas, Texas this year. This is the global largest conference in the industry. It rotates through about four different cities. This is probably the biggest one I've ever been to in my 35+ years career. There were over 15,000 attendees in person there. The show floor was as large as I've ever seen it. Plus, there were many hybrid, you know, online sessions offered. Very large global reach. I personally participated on a panel for the RISC-V Foundation, talking about the whole HPC ecosystem and what's coming to a pretty much packed room at the conference. In addition, I keynoted an event, the Future of Cloud HPC, that had key people and panelists from AMD, Microsoft, NVIDIA, Oracle, Rescale, and several key HPC customers. That's again, very great event and a lot of great market awareness for the company. In addition to those, I met, of course, and worked with all our key OEMs that we're going to market with, and they're just all. The question I get over and over is, "When do we get it? When do we get it?" One of the CEOs of one of these companies said he's literally talked to over 100 customers about this. The reach we're getting in the market is pretty great. I also met with a very key, ISV software company in the space there with the top execs. They do code for computational fluid dynamics, which is used by all automotive, aerospace, oil and gas, you name it, companies. Structural analysis, crash simulation, explosion modeling, all that kinds of exciting stuff. We've got a good path forward with them to try to get some of their software on this platform as soon as we can get it out there. Just a lot of excitement, enthusiasm, and we keep building it, and we get close to launch. Thanks, Doug and Alex both. I think from either where we're going with the product or what kind of market anticipation there is out there, it's a super strong position for the company to be in. We've talked a few times about a lithography, and we've talked about participation in these wafer technologies with very, very fine feature sets. We call that securing a seat at the table. If you think about what we've done as a small company to have access and to have that seat at the table for the 5 and 4 nanometer wafer process technologies, this is what makes what Alex and Doug are talking about really possible. If you've got over 10 billion transistors and 5 mi of wire to put in a silicon chip, everything's got to be very small. For just a little bit of a real-world comparison, if we talk about 5 and 4 nanometers as the feature size for these integrated circuits, the average human hair is 70,000 nanometers thick. Just kind of keep that in mind. It's a very highly selective access control to these advanced processes. Beyond the $3 million that John talked about, very few early-stage companies are gaining this access. You have a scarcity of supply, so to speak, because it's so advanced. You have other huge players that also want the benefits of this technology. Which little promising, no revenue yet companies can get this access is very selective and says a lot about the buy-in to our vision and the credibility of our management team. We already have a device in fab as we speak here on 5 nanometers. It'll be due out in February, and we will continue advancing our designs, our process access, our support and design tools with all of our partners so that we are not bringing a knife to a gunfight here. Whatever we do in our product design and innovation will be fully realized versus competition because we will be on as competitive a wafer process as anyone. I would also just mention here briefly that beyond the Altcoin and other aspects of blockchain kinds of areas that are easily done with Thunderbird, we have inbound interest in applying our Inspire expertise to the dedicated Bitcoin kind of application as well. Just have to stay tuned and see how that develops. I think it says something about our visibility as a company and the recognition of the innovation we can bring to market, that we've got major players in this space coming to us, asking us to see what we can do for their unique needs as well. As James mentioned, we have a compact yet extremely effective team. Our accomplishments are surpassing teams at our competitors' companies that are 5 - 10 times larger than ours. We have a very CapEx and OpEx-efficient business model. We've outsourced wafer fab and assembly and test to what people call the fabless semi model. We've even outsourced, as John mentioned, some aspects of engineering work where that's appropriate. We know how to be frugal, we know how to do just-in-time hiring, and we know on a pound-for-pound basis how to get the best impact out of every dollar that we have to spend. With that, I will switch it back to James Hickman, our Executive Chairman, and he will talk about us going public as a company and what we have in store for next year. James. Thanks very much. Just to bring things home again, we completed a transaction to go public on the TSXV on September 20th, 2022. This will, we believe, give us a wide range of options to raise capital. In addition to that, we believe it also provides a higher level of transparency for our customers, for our partners. We believe that we're gonna be a very active and prominent business with what we have to offer, and we felt that being a public company was a very sensible move. Overall, we believe that our business has a world-class team that has spent years building a highly disruptive, extremely competitive chip with, as Ron pointed out and Alex pointed out, thousands of cores, vast use cases, and we're nearly at the end of this process, getting ready to go to market. The testing has been going great. We're anticipating very, very strong results. As Ron pointed out, we now have a seat at the table to be able to put our technology on leading 5 nanometer and even 4 nanometer wafer technology, which we recently secured with a $3 million upfront payment. This is a big deal, and Ron already talked about that. It's not something that's really typical among smaller technology companies, startups, et cetera. It was, to be honest, an offer we couldn't refuse for a company at our stage. It was a lot of money to pay up front, but we feel absolutely positioned the company for even greater success in the future, and we're very pleased to continue that relationship. We have, as Doug talked about, conducted extensive market research and outreach to very, very large institutions, household names, and the enthusiasm that we've been seeing for our proposal has been absolutely phenomenal. We also mentioned that we're not a one and done. This is not a single product company. The team, in fact, is already building and working on new designs. Ron pointed out that we have people coming to us, asking us how we can partner on and help solve the problems and the issues that they're looking at. We've got an excellent management team that knows and understands and practices serious fiscal discipline that we've been able to get a lot out of a relatively small budget. We know how to scale. We have experienced board members with. In a vision that is a very shareholder-first, governance approach. We anticipate a high margin, capital efficient business, and we expect to grow very rapidly over the next several months. In short, we think we have great technology, great team, great management, and in order to bring this all home and just get everything across the finish line, we do plan to launch a very compelling opportunity to invest in the business soon. We'll have a separate announcement about that in the relatively near future. For now, I just wanna, on behalf of all of us here on this call, thank all of our investors, past and present, and as well, I would like to thank everybody for listening to this call as I look forward to making sure that everybody knows as we continue to grow and make rapid progress in our business plan. Thank you very much. This concludes today's conference. You may disconnect your lines this time. Thank you for your participation.