Good morning, everyone, and welcome to the conference call. I will now hand the call over to Wayne Andrews. Good morning, and welcome to the mCloud Technologies Fiscal 2022 third quarter earnings conference call. Today, the company will discuss the unaudited results for the three months ended September 30, 2022. Presenting from mCloud are Russ McMeekin, our Chief Executive Officer, and Chantal Schutz, our Chief Financial Officer. Before we proceed further, please note that remarks made on this conference call may contain forward-looking statements about mCloud Technologies' current and future plans, expectations, intentions, results, levels of activity, performance, goals, achievements, or any other future events or developments. Forward-looking statements are based on information currently available to management and on investments and assumptions based on factors that management believes are appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause actual results, levels of activity, performance, achievements, future events or developments to differ materially from those expressed or implied by the forward-looking statements. As a result, mCloud Technologies cannot guarantee that any forward-looking statements will materialize, and you are cautioned not to place undue reliance on any forward-looking statements. Except as may be required by law, mCloud Technologies has no obligation to update or revise any forward-looking statements as a result of new information, future events, or otherwise. For additional information on these assumptions and risks, please consult the cautionary statement regarding forward-looking information contained in the company's most recent MD&A available on sedar.com. At this time, I'll turn the call over to Russ McMeekin, Chief Executive Officer at mCloud. Go ahead, Russ. Thank you, Wayne. Good morning, everyone back in North America. I'm here in Dhahran, Saudi Arabia. It's nighttime here. A lot of action going on here in Saudi. Let me kick off the call here with some key updates from the last call. First and foremost, what we've been really busy on since the last call, and that is rationalizing things inside the company and integrating to the Google Cloud for things that are customer-facing technology components. I'll get into a lot more detail on that, as well as go through the various geographies and applications of focus and the progress we've made. The key components of AssetCare migration to Google Cloud, obviously to the cloud, integration with Google Earth Engine. We featured it at the COP27, are featuring COP27 here this week in Riyadh and many parts of Saudi Arabia. I've been here for two weeks now. It is very well received being able to get aerial data connected to AI, connected to 3D assets, and be able to go from aerial view, we'll call from sky to flange, to, you know, tackle the methane problem that is a big ambition here in the kingdom. Last but not least, leveraging the natural AI engines from Google so that we can put all this data out into mobile wearable devices so that we can take action out in the field. The adoption here of wearable devices is probably further ahead than most parts of the industrial world for many reasons. These applications do fit very well running on the Google platform for customers like Aramco and others. Thirdly, as I mentioned, COP27 was an opportunity for us to highlight some of the joint things we did with Google. That was very well received. We were very fortunate that our new director, she's in COP27. She attended with a number of high-ranking officials from Saudi Arabia, and so the feedback's been phenomenal. Having that Google, Aramco, Dina on the team and representing us all at COP27 has been super. Some of the specific items around the Google strategy, obviously, I just touched on the technology component. The next part is the go-to-market. In every region here in Saudi and U.S. and Canada and U.K., we have not only regional approaches, but we have specific named accounts together. We're chasing accounts. There are big names. Obviously, Aramco is a big one. Obviously, Mercedes-Benz is a big one. There's big auto dealers that Google's bringing to the mix, but there are others. There are large customers, mid-sized customers, those who fit that profile that Google and we are going after around sustainability and the applications we're bringing to market. There's also a marketing machine, an amazing marketing machine at Google. We were, you know, reasonably well prepared for COP27, so we got some things done, but we're gonna be much better prepared in 2023 for some of these bigger events, where we jointly market, and the marketing machine at Google is amazing. We intend to leverage that also in automotives with EV. It's a big push of theirs, marketing there, as well as other parts of sustainability. Next component is customer contracts, billings, and collections. That will be wherever practical, and that's pretty much everywhere. Customer contracts, billings, and collections will be done through Google, through that channel. Here in Saudi Arabia, that fits perfectly. That has, you know, a lot of efficiencies and any number of good reasons for doing that. At the last call, I discussed how we were going to be launching things here in the kingdom. I didn't say what it was, but now we have a pretty good, I think on our website, our team has put up a brief demo of what we've been showing here, that shows, you know, again, from sky to flange concepts. Not concepts, actually. We're actually connected to real assets doing real things. That's quite exciting. The three areas of focus that we have, obviously oil and gas, where we look at methane from an aerial perspective, where we have 3D digital twins of the assets, we can get right down. We can do a digital LDAR, which is leak detection and repair, which is a standard in oil and gas adopted globally. There's a lot of activity there in having that fully digitized. If you do that, by definition, you will greatly reduce methane in the oil and gas industry. The second area of focus is around wind energy, and what we do there specifically is we use the weather data from Google Earth. We feed the AI models. This was tried by others, by operators in Europe before we came on the scene. We've since adopted some of those concepts. We have different models on how we look at each of the power curves of these various wind turbine types. The combination of what we get from Google Earth, the models we have already, obviously we do blade inspection, that data also goes into the AI models. We absolutely believe between we and Google that is, you know, there's no other solution like it for optimizing wind. When you have 2-3 MW wind turbines, if you make 1% or 2% changes in capacity factor, that is a significant amount of kilowatt hours per day that we can tackle with this combined application. Third is around commercial buildings. Those who have solar on top of them, which is our EV customers are. Look at Bank of America, they may not have EV, but they certainly have solar. If you have radiant models from Google Earth tied to our AI models, you can first of all predict when to optimally produce solar power. If you're doing what we're doing in EV, and that is balancing from the grid versus storage versus from solar production, you're able to optimize that to. If you're getting credits, you can take true reading, be able to convert that to what it should have been in terms of solar produced versus purchased from the grid for audit purposes. Those are the three big apps that we're driving with Google. The customers that we've presented this to, these are big, big customer brands. Very well received, and we intend to, you know, scale this globally and be a pure play SaaS company with this. Those of you who have the slides or cannot go to our website and see the demo, you can see we're at COP27. Again, you see the aerial images. There's data that goes into Google Cloud that shows you carbon monoxide, that shows you methane, that's color-coded. You can determine in real time where the problem sites are. You take it to the next level, and that is you get into the 3D digital twin. Obviously, it implies that you're a customer of mCloud that has a 3D digital model. That drives a lot of demand for wanting to have 3D digital models 'cause it puts a lot of efficiencies around being able to tag and track for methane purposes, which is becoming more and more mandated. It's certainly being mandated here in the kingdom. A lot of these asset owners or operators here are reporting monthly LDAR, which in most parts of the world are doing it annually. That it's got to be totally automated. That drives a lot of demand for us. The focus here is to be able to report back to the central, government, central people who want to have the before and after in terms of methane mitigation and leak reduction. These create, you know, digital reports that are accurate reports that are very quick and easy to create. Again, I mentioned in my opening remarks that Dina Alnahdy joined the board of directors. She's a highly regarded person here in the kingdom. She advises, I think a minister that a lot of you guys on the call probably know about, Prince Abdulaziz bin Salman Al Saud. You unfortunately know him for not wanting to produce more oil to satisfy the world's wishes around oil production. He's also very keen on sustainable oil. He's very big on decarbonizing oil production, and Dina is a key advisor in that ministry. He's a very, very wonderful guy. His team are very, very smart, and they drive a lot of the policies here in the kingdom. We come not only with her being extremely brilliant, well educated and well connected here, but she also has a lot of influence on policymaking and adoption here in the kingdom. Having her on our board is just absolutely a great privilege, and we're very excited. Working closely with her is pretty fun, actually. On that note, I'm gonna turn it over to another fun person. That's Chantal. Turn it over to you. Thanks so much, Russ. Just a really warm welcome to Dina. It is a pleasure to have her on our board. Also thanks to everyone who was here to join us this morning. As highlighted in our earnings press release, we did note a decline in our Q3 revenue of this year to CAD 2.9 million from CAD 7.4 million in the same period last year. This decline was highly attributable to two very specific things. The first of those are actions we took in Q3 to rationalize the business and our pause in activities to allow for the integration efforts and various activities with Google Cloud to become our primary delivery platform. The second item I wanted to discuss here was the completion of the Agnity transaction on July 29. That was announced on August 2nd. We draw readers of the financial statements to note 15, the deconsolidation of subsidiary, included in our other income on the face of the P&L for the period is CAD 3.4 million related to the fair value adjustment of that royalty receivable, very specific to Agnity. During this quarter, the company took all the necessary steps to exit our technical project services to focus entirely on the sale of AssetCare. A lot of that Russ has explained in his talk so far this morning. Additionally, we've had a variety of low-value contracts that we decided to either retire or not renew as we carry forward with our new strategy. We do have an expected 25%+ improvement to our cost structures. Those will begin to materialize in Q4. Certain measures that we've already undertaken in Q3 included a headcount reduction, I would say approximately 20%, an office space rationalization and sunsetting of legacy space, as well as the sunsetting of legacy non-Google technical infrastructure. In particular, included in our Q3 salaries, wages, and benefits line is CAD 1 million in costs related to headcount reductions that will bring our quarter three 2022 and quarter three 2021 more aligned with each other. Additionally, as a result of our decision to rationalize our office space, we've taken a CAD 2.1 million charge for impairment related to our Calgary, Edmonton, and Vancouver offices. This allows us to right-size the headcount while still preserving a world-class customer and technology center for this market. These are both one-time charges that we don't expect to get to see again in future periods. In regards to our measures in sunsetting of non-Google technical infrastructure, there's a reduction in R&D of approximately CAD 300,000, as well as some modest cost reductions in our cost of goods sold. I will now turn the call back to Russ. Thanks, Chantal Schutz. The last part of the presentation here will be to walk you through region by region activities that are going on specifically with Google. Then I received quite a few questions by email and by text and so on. I've taken, you know, kind of a cluster of them and put them together in a group of about 10 questions here that I will address that cover most of what I received here in the last week and in the last couple hours. I'll address those here in my remarks. Now looking at the regions in the U.S., work is underway to all the auto dealer contracts to have them. I don't think we've had any pushback on having all those contracts to be on Google in the Google marketplace on Google contract paper. The strength here, one is, Google looks at the automotive space as very strategic. They've been selling workspace, Google Workspace, into that market. You probably can go look and see that they've signed some very large deals with the largest North American auto producers, automakers, all around EV or a lot of it around EV. That's, you know, that's a very key focus area. Before, we were very focused on New York State and California because we like the low-hanging incentives. With Google, we're gonna look way beyond just those two states, 'cause it's not just from their perspective, incentive-driven, but, you know, selling SaaS, selling cloud, and getting all the benefits of all the applications we can provide. A lot of upselling they see as well on top of just simply doing EV optimization. Carbon Royalty, we have a great working relationship with them. We're going to continue to leverage that from a trading of carbon credits as those are accumulated. We are working closely with Google to make sure that inside of AssetCare, we have all the tracking tools to automate all these things. I'm learning here in Saudi, not only from a EV perspective, but from an oil and gas perspective, the tools we're looking for are very common. We're gonna be able to bring that to market as one common carbon tracking and for offset trading purposes. That relationship with Carbon Royalty will move more strategic to tracking these things, trading these things, using the Google platform to be able to have an audit trail and move out of just pure, or not purely, but of being a heavy-duty financing arm. We'll buy out over time, you know, in the next, you know, several quarters, buy out the using the contracts to repay them what we borrowed from them to get, you know, these early sites up and running. That will all be bundled together as part of our strategic go forward plan. In Canada, we have great customer position with a lot of great operators in Alberta and northern BC. We're gonna leverage that. Google's got a nice, they're actually literally two blocks from our office operation in Calgary. We wanna use that working together to go after. We have about a dozen named accounts that we have very good relationship, and they have very good relationship. They're primarily in oil and gas. We're gonna use the sustainability and methane tracking versus back office functions as our primary push. Early customer reception has been very good, and we'll be talking a lot more about that in future calls. Saudi Arabia, I think I've kind of said in my opening remarks, going back to where this all started in July of 2021, the introduction of mCloud and Google for sustainability and vice versa started here in the kingdom back in July 2021. Saudi has been an early adopter of this concept. They came up with a lot of very strategic things around Google Earth data so that we could start doing some things here in advance of Google Cloud having even being operational here in the kingdom. Strategically, we're doing a lot of the validation of these Google mCloud things here in the Kingdom of Saudi Arabia. That's well-received here because they feel ownership in the strategy. It's also very well-received. It's a massive market. That's quite well. U.K. and Europe, you know, Mercedes-Benz is our big, you know, we're going live here in the fourth quarter at Brackley. There's a lot of solar capability going in at Brackley. They see Google Earth and Google Cloud as being strategic and making sure we optimize that. There's a significant amount of EV going in there, so it's a massive reference center in the U.K. and then into Europe. Asia-Pacific, we're gonna be very targeted in Japan. I don't wanna divulge at this point who that is, but it's a major, one of the largest operators in Japan. Similarly in Malaysia, there's, you know, the national oil company, PETRONAS, Google has set up a data center in Malaysia. We already have PETRONAS as a customer, but now there's a much more strategic move here, and we'll be talking about that more in, you know, likely middle of next year. Now moving to questions that I received. One that I received a lot, the most popular one is when did the relationship with Google start? As I said, it started here in Saudi Arabia, actually literally here in Dammam in July 2021. I was one of the first foreign visitors here after COVID's restriction was lifted, literally the day after. Those discussions started then. When we signed the digitization and decarbonization agreement with Aramco, it was predicated on we would definitely be moving, you know, a number of these applications quickly to the Google Cloud, knowing that the data center wouldn't be ready here in the kingdom in the Eastern Province till middle of next year. Aramco owns or a big investor in a company called V2. They use that for rapid prototyping and still have, you know, a lot of use cases for V2. We're flexible. We can run them both and are running in V2 today. In fact, a lot of the things we're working on today is in V2. By August, we then took it from just Saudi only to Google came to the conclusion that this makes sense not only for Saudi Arabia, but on a global basis. The three applications I just outlined in my earlier discussions fits the framework globally in the stack that they want to bring to market around sustainability. We finalized everything by August, and here we are, with all this in the public domain now. Next question is, how quickly can this scale? Well, some of the early customers are massive. Aramco, Mercedes-Benz. There are a couple other auto names that I haven't mentioned by name, but they come from the Google Cloud and are also massive that have the same kind of scale, similarly in big wind. First area, how it's going to scale is the first initial customers are massive customers. We have about 100 named accounts that are not necessarily Fortune 50s, but are big customers that we are going after. Google have an excellent account management structure. We have an excellent regional subject matter structure. You combine account management with subject matter expertise to go after these other named accounts. We're not only gonna scale with the big guy, big name customers, but also there's a lot of mid-size companies that are being pursued as we speak. Third question was around Carbon Royalty Corp. I think I kinda addressed that earlier. The only thing I would say is by using the Google contract paperwork, and they do the billing and collection and so on, that gives us a lot of flexibility with these 10+ year contracts. If those of you who follow SolarCity or Tesla will know that the early days of SolarCity that uses an identical model to what we use in EV charging from how we capitalize and how we do manage contracts, is Google was the early tax credit partner in SolarCity. I was in the valley. They kinda perfected that model. The similar people and same people that we're working with here at Google were very experienced around what they did with SolarCity. There's a lot of things that are coming down the pipe that today is not the right time to talk about it, but there's a lot of things that alleviates what we were doing with Carbon Royalty and focuses us on more strategic things and less around financial engineering. One other question is, what does this mean for Bank of America? Well, Bank of America remains a very loyal customer, and we've remained a very loyal supplier, but they have a number of facilities, actually several not far from my place in Arizona, where they have rooftop solar. Again, optimizing rooftop solar at the time of day is an important thing. We intend to go back to them as a combined Google Cloud solution and talk to them about other things than just rooftop HVAC. Other question I have is Brackley in the U.K. Is that up and running? It is on its way to being up and running. Brackley now is pretty famous, having won this weekend race in Brazil. I think everybody at the campus in Brackley were using it as a party zone. Yeah, it's definitely up and running or will be up and running. I think the team has it set for sometime in early December, phase one to be fully functional. Next question is Europe Wind, how is that coming along? Europe Wind's coming along quite nicely. We went to speak to a number of them before announcing Google to discuss what I just talked about here earlier. That's very well received. In fact, some of the early applications that were used by Google Earth around wind are in Europe, and I'll let you go, you know, see that in the public domain. Seven, what other major accounts are coming with Google? As I said, in Canada, USA, Japan, and Malaysia, we got a very precise account management structure where we identify for 2023 key targets. These are TCV targets for all of our people to go and chase and meet those targets. Next question is, what is Google going to represent for you in China? Well, we don't do business in China today to us. China is pretty small. We will continue to opportunistically react to China as it comes our way. As it relates to Google mCloud, there is no activity in China. One more question is around metrics, since we're not using asset count as a key measurement. There's a couple of reasons. One is confidentiality on these contracts. Secondly, there's a lot of application sales that are going into these contracts that are not tied on a per asset basis. There are forms, reports, there's head-mounted display applications. We're selling a whole litany of things that don't fit the fee per month, per asset or per person model, but that we see the revenue from. So it's over time would just skew how we track things. So there's a confidentiality angle, but there's also a practical angle. To answer your specific question, average monthly MRR. If we take the quarter divided by three, our MRR on a monthly basis, that trend after we get through, call it the 2022 noises of transition from what we had to where we are, it should be your standard SaaS metrics of MRR, average month, monthly MRR. Then we should compare that to the customer acquisition costs. In our case, that's salaries, benefits, and marketing expenses. MRR to CAC ratio should move from a negative position where we are now to a positive position where MRR exceeds CAC, and that's the, you know, the metric we're going to focus on. Then the slope of that curve to be more SaaS Google-like slope of curve. That's the focus there. Last but not least is the F-1 to pay off the convertible note. Where are we at with the SEC? Chantal, after this call, will provide exactly what the SEC asked for last week, and that is update our financial statements. There's nothing exotic in these. There's no Agnity, there's nothing like that. It'll be very simple, and we should be off to the races here pretty quickly. In summary, we couldn't be more happy with the Google alignment globally. Literally is being absorbed into a, you know, a world-class organization, and that is Google. We see it every day. We live it every day. It's amazing. Having Aramco as a validating massive customer is amazing. Within Saudi Arabia, it's not only Aramco, there are large authorities that we work with now within Saudi Arabia that have adopted Google Cloud and the applications and are focused on exactly the same thing. They're just managed as separate authorities here in the kingdom. Decarbonization is a top focus. Mercedes-Benz is part of this. Their kind of go-to-market strategy has been phenomenal. We're well aligned. We're soon gonna have the balance sheet for the strategic alignment to go and chase this market on a global basis. We're moving into 2023 on a positive note. We got some work to do to get the convertible note done, get the balance sheet finally fixed, and then we rock on. I'll now turn the call back to the operator. Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press star followed by the one on your touch tone phone. You will hear a three-tone prompt acknowledging your request, and your questions will be polled in the order they are received. Should you wish to decline from the polling process, please press star followed by the two. If you are using a speakerphone, please lift the handset before pressing any keys. One moment, please, for your first question. The first question comes from Brian Kinstlinger of Alliance Global Partners. Please go ahead. Hey, thanks for taking my questions. Just first, can you help us understand the buckets that are in the year-over-year decline of 60% revenue, the first bucket being rationalization, second bucket being Agnity, sorry, and the third, any other factors and what they were? Let's go in reverse order, Brian. Call it ceasing of contracts that are the $6, $7, $8 per month MRRs. There were a bunch of them, Michaels Stores. You know, there's, you know, lots of them. Those were. That's one in the third bucket. There's Agnity. I think if you go look in the footnotes in the financial statements, you'll see the precise number, what that is. I think it's about $7 million year-over-year. It's project services. Some of our contracts in Alberta were bundled project services and with AssetCare, so you'd see it only in one line. If you're looking only at project services, you gotta take out some of the AssetCare is not going to be renewed because when you pull out the projects from what was categorized under AssetCare or recurring AssetCare, the value that they create per asset is pretty low. We rationalize those. That's the sum of the bucket. I would look at it in reverse order than the way. I take Agnity CAD 7 million and divide by four, and that's the quarterly year-over-year drop. Then rationalization, you're saying is the other major factor or no? Or it's Yeah, yeah. Definitely. But- Yeah. Yep. Oh, okay. Keep going. Um, and- Yep. while you're not going to provide, and I get it, assets connected further, it's our basis for understanding right now. Did you cut off half the assets? Did you cut off more than half that were at these low price? Just help us contextualize, you know- Yeah. how that played out. About half would be the right number, and they're a blended average value of about $11. Just so I understand, I understand going forward, you're gonna use the Google platform, that's gonna be your platform. But what was the cost to support these, roughly half legacy connected assets that made it in the best interest to rationalize them, given they're at least helping scale and probably marginally reduce the cash burn? I'm not sure I'd agree with them marginally reducing the cash burn, but I think Chantal gave you a precise number of what we charged out. The other is headcount, right? There are people supporting. In the headcount reduction, some of them were supporting in our, you know, these lower value per asset contracts. Headcount reduction, Chantal, I think gave. Right. Quite specific numbers around it. Yeah. Okay. Lastly, you know, for a while, we've talked about the consulting and professional services expenses. It hasn't really, you know, changed much. I thought over time it would go away or get reduced to nominal. Is that more on the financing side? I mean, why have we not seen that? Yeah. What will we expect of that going forward? Yeah. Once we've done F-1s and financing, that we're in, like, refinancing or financing mode, right? Yes, we'd love to not have audits and, you know, every time you do a update to a filing statement around the F-1, it requires a lot of professional services, outside services, Lawyers, Accountants, blah, blah. Once all this so-called balance sheet activity is done, these types of services should go or will go away. But that's the primary spend in those categories. Okay. Lastly, you made a comment that the revenue growth will exceed the rationalization. Just help us. Mm-hmm. Understand. Does that mean going forward, anything that's rationalized, you'll grow faster than so you're gonna grow from this bottom point? Does that mean- Yep. What's already been lost. Yep. You're gonna start to recoup very quickly? Just help us understand, you know, given the cash burn, you've burned CAD 23 million from operations in the first three quarters, how will this impact that over the next, say, 12 months? Headcount reduction obviously impacts the reduction in spend. The value per, call it customer, will improve considerably, right? The contract value. The customer acquisition cost required for these customer types, the way we're doing going to market now, the productivity of customer acquisition cost is significantly better than where we were before. You had another component to your question. I wanna make sure I answered your question. No, that's okay. Fully. Thanks. I'll Sure, yeah. See if others have questions. That's okay. Thank you, Russ. Sure. Thank you. The next question comes from Jack Vander Aarde of Maxim Group. Please go ahead. Okay, great. Thanks. Good morning, guys. Russ, Chantal, I appreciate the quarterly update. A couple of follow-up questions. Russ, you mentioned you guys have retired some legacy assets. Yeah, I think you said maybe about half of the connected assets were retired, which were lower value, $11 assets or so on average. Did you retire all the assets, all the legacy assets that you expect to have retired? No. Have they retired or are there more to come, and how long might we expect retirements? Yeah. No more retirements to answer your question, but are there still some lower value assets? I'm not gonna get into Bank of America's pricing, but they obviously got a sweetheart deal. That's the only leftover lower value asset, and we intend to upsell them with, you know, what I'd mentioned before with the Google platform and optimizing where they have solar on in the various branches and so on. Putting that aside, that's the only thing left, and we don't intend to rationalize those. Okay, great. You'll plan to maintain those Bank of America assets then? Totally. Upsell them other things working with Google. Correct. Gotcha. Okay, that's helpful. Just following up, just for clarity with Aramco, which you know obviously be a huge opportunity. It is a huge opportunity. Just wondering, have you generated revenue from Aramco? If not, why? And what do you kind of expect from in 2023 from Aramco? Generated. Do we have contracts? The answer is yes. Have we recognized revenue yet? No, 'cause it's to be running on the Google platform. We will recognize revenue, Google platform. I'm not gonna give any specific guidance for 2023, but it is a big reason why I'm here a lot and why we and I and Google, and we and Google are very focused on Saudi Arabia and Aramco, for 2023 and beyond, for sure. Okay, great. I don't know, is there anything we're overlooking in terms of, you know, anything since last quarter we talked about potential areas of upside in terms of your revenue growth that you're maybe more excited about or you weren't as, you weren't thinking about as much that maybe popped up as opportunities in the near term since we last spoke? Every day we look at accounts with Google, there's more things we hadn't thought about, right? You're talking about the world's highest, you know, performing cloud company that opens up doors every day. Every day we wake up to this opportunity that we didn't even dream about this time last year. I think if we just focus on harvesting the opportunities that are ahead of us with Google on a global basis in each accounts we're pursuing, only good things can come from it, Jack. Okay, great. I think that's it for me. I'll hop back in the queue. I appreciate the update. Thanks. Thank you. There are no further questions at this time. I will turn the call back to Russ McMeekin for closing remarks. Okay. Well, thank you, everyone, and have a great day. Ladies and gentlemen, this does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your lines.