Good morning. Thank you for joining us for Consolidated Water Company's second quarter 2021 results. Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Mr. Rick McTaggart, and the company's Chief Financial Officer, Mr. David Sasnett. Following their remarks, we'll open the call to your questions. Before we conclude today's call, I'll provide some important cautions regarding the forward-looking statements made by management during the call. I'd like to remind everyone that today's call is being recorded and will be made available for playback via instructions in yesterday's press release, which is available in the Investor Relations of the company's website. Now, I'd like to turn the call over to Consolidated Water Co. Ltd. CEO, Rick McTaggart. Sir, please go ahead. Thank you Vaishnavi. Good morning, everyone. Thanks for joining us on the call today. I hope everyone is well. Our second quarter 2021 results reflect the continuing adverse impacts of the pandemic on certain segments of our business, as well as an adjustment to the carrying value of our manufacturing segment, necessitated by new order projections for Aerex's historically largest manufacturing customer. Improved performance of our bulk water segment, as well as growth of our services segment, have partially offset these impacts. Our services segment revenue increased 8% to $3.8 million, which accounted for 23% of our consolidated revenues. This was up from 18% in the second quarter of last year. Our PERC Water subsidiary was responsible for this growth in our services segment. Based in Southern California, PERC operates and maintains water treatment and reuse facilities under contracted engagements, which have renewable terms that range from one to five years, with the majority having renewal dates beyond this year. During the second quarter, PERC generated about 90% of its revenue from such contracts with various entities in California and Arizona. Revenue from our bulk water segment increased 14% to $6.7 million in the second quarter, due to higher volume sales and electricity pass-through charges. Bulk water gross profit increased 21% to $2.3 million compared to the second quarter of last year. Our retail water segment continued to be adversely affected by the pandemic due to a moratorium on tourism and border restrictions that the Cayman Islands government enacted in March of last year to safeguard their population from COVID-19. According to the most recent statistics, only 651 reported infections and two coronavirus-related deaths have occurred in the Cayman Islands since the pandemic began. The Cayman Islands government's strategy to protect its citizens from the pandemic has been similar to that of other Commonwealth countries like Canada, New Zealand, and Australia, which have enacted strict lockdowns, extended quarantines, and criminal penalties for breaches of pandemic protocol and regulations. Recently, however, government officials announced a five-phase border reopening plan through November of 2021, which is available on the official Cayman Islands government website. The final phases of the plan, which include the reopening of the islands to a limited number of vaccinated tourists, are contingent on achieving at least an 80% vaccination rate of the local population. The vaccination rate is currently at 68% and has not moved much in the past several weeks. We would not expect to see any change in the performance of our retail water segment due to the resumption of tourism in Grand Cayman until the first half of next year at least. Our manufacturing segment revenue declined due to the loss of orders from Aerex's largest customer, as we've also discussed last quarter. However, while this customer informed us in July 2021 that they expect to recommence their orders in 2022 and subsequent years, we expect that these new orders will be at much lower volumes than in the past and less than what we anticipated previously. It was this change in projected future revenue, along with the continuing weakness in the economy arising from COVID-19, that required us to record an impairment loss in the second quarter for our manufacturing segment. Meanwhile, we continue to focus on other sectors, and we are building a good manufacturing revenue backlog from new projects and new customers, which we expect to offset some of the revenue loss from our largest customer. We expect to book revenue from these new projects in the latter half of this year and extending into 2022 as we begin production on these orders. At the end of the quarter, our cash levels totaled $41.2 million, and working capital was $69 million, with only about $200,000 in debt. We believe our strong balance sheet and liquidity position us to ride out the current adverse economic impacts of the pandemic, while enabling us to fund our growth initiatives. Bidding activity for new projects in our services and manufacturing segments has increased significantly over the last few months. We're looking forward to future months and years with great anticipation. Before I talk further about this, I would like to turn the call over to our CFO, David Sasnett, who will take us through the financial details for the quarter. David. Thanks, Rick. Good morning, everyone. As Rick mentioned, the pandemic has continued to create some significant challenges for us, as it has for many companies. Despite these challenges, we have maintained a strong financial foundation as we pursue new opportunities to grow organically and acquisitively, and we have continued to pay dividends. Revenue totaled $16.7 million in the second quarter, which decreased 13% from the same quarter of the prior year. This decline included decreases of $292,000 in our retail segment revenue and $3.2 million in manufacturing segment revenue. The decreases in these two segments were partially offset by revenue increases of $846,000 in our bulk segment and $287,000 in our service segment. Retail revenue declined due to a 2% decrease from the volume of water sold by Cayman Water. The sales volumes for both 2021 and 2020 have been significantly below the historical volumes for the retail segment prior to 2020 due to the continued moratorium on tourism in Grand Cayman. The increase in bulk segment revenue was due to an increase in CW Bahamas revenue of $844,000 due to higher energy costs, which correspondingly increased the energy pass-through component of CW Bahamas rates. The increase in bulk segment revenue is also due to a 9% increase in the volume of water sold by CW Bahamas. The decrease in manufacturing revenue in the second quarter of 2021 was due to the decrease in orders from Aerex's former largest customer, as discussed previously by Rick. This customer informed Aerex in 2020 that it was suspending its purchases of a specialized product until 2022. In late July 2021, this customer again communicated to Aerex that it expected to recommence its purchases of a specialized product from Aerex in 2022 and subsequent years. It also said such purchases would be at substantially reduced annual amounts in terms of both the amounts it had purchased from Aerex in 2020 and prior years and from the amounts we previously believed they would purchase from us. We continue to expect, although cannot guarantee, that the orders for this customer will resume as they have indicated. As Rick will cover later, they are also discussing with us other products that Aerex could potentially manufacture for them. Gross profit for the second quarter of 2021 was $6.1 million, or 36% of revenues, as compared to $7.3 million, or 38% of revenues the second quarter of last year. This decline was largely due to lower revenue generated by our retail water operations and manufacturing segments. Even though total revenue decreased, our bulk segment gross profit increased 21% to $2.3 million. For the second quarter of 2021, net loss attributable to Consolidated Water shareholders, which includes the results of discontinued operations, was $1.7 million, or a loss of $0.11 per basic and fully diluted share. If you exclude the manufacturing segment impairment loss of $2.9 million, net income attributable to Consolidated Water was $1.2 million, or $0.08 per basic and fully diluted share. Turning to our balance sheet, our accounts receivable balances related to our Bahamas business amounted to $21.3 million at the end of the second quarter, which was up from $16.8 million at the end of last year. We believe the increase in accounts receivable, this increase, resulted from the adverse impact of the pandemic on the revenue sources for the Bahamas and its government. Such delinquent accounts receivables we have experienced in the past were eventually paid in full. Given our recent contact with the Ministry of Finance of the Bahamas, we believe that reducing this balance is a priority for them. Based upon their payment history, our majority-owned subsidiary, CW Bahamas, has never been required to provide an allowance for doubtful accounts for any of its accounts receivables, despite the past accumulation of significant delinquent balances. As of June 30th, 2021, we had not provided an allowance for doubtful accounts for CW Bahamas accounts receivables. It is important to note that so far in 2021, we have received $14.4 million on our Bahamian accounts receivable, including two payments in the last two weeks totaling $5.7 million. We believe that recent payment history is a clear indication that the Bahamas government is moving towards reducing the balance of these delinquent accounts receivables. As of June 30th, 2021, our cash and cash equivalents totaled $41.2 million, and our working capital totaled $69 million. We believe this position affords us more than sufficient financial resources to maintain our normal operations while still pursuing our strategic initiatives. This completes my financial report. I'd like to turn the call back over to Rick. Thanks, David. In our manufacturing segment, one of our key strategic initiatives has been to build a diversified book of business for Aerex that is not concentrated on one specialized product or a large customer. With this in mind, we have continued to develop our sales channels in order to create a more diversified customer base and product line. Since we acquired Aerex, its revenue has been predominantly from the sales of a specialized water treatment product to one customer. In the first quarter of 2020 last year, we increased resources in our sales team and began to focus on other sectors and customers to diversify our revenue base. As a result, in the first half of this year, we generated manufacturing revenue of $2.2 million from new customers and/or products, which was equal to all of the revenue generated last year from customers other than Aerex's major customer. We presently have contracted project backlog of approximately $9 million from new customers and/or products, which are begun to impact revenues in the second half of this year, and will carry into 2022. We have recently bid for $4.8 million of additional work, which we hope to receive news on in the near future. Our manufacturing sales team is doing a great job diversifying Aerex's revenue stream, it will still take more time to hopefully replace the significantly reduced revenue stream from Aerex's historically largest customer. It is important to note that Aerex maintains an excellent relationship with its largest customer they have recently sent us requests for proposals and quotes for other products. Earlier this year, Aerex passed a highly technical and demanding quality assurance examination performed by another major customer for the purpose of qualifying Aerex for various highly technical manufacturing projects. Thus, we now have that customer's clearance to perform this work. As a result, we expect to continue to receive orders for products other than the specialized product we've historically made for this customer over the last few years. Given our success in diversifying our product and client base, increased product bidding activity, and the magnitude of our current contracted project backlog, we expect a significant increase in manufacturing revenue in the second half of this year as compared to the first. If we are able to sustain and build on these successes over the next couple of years, we would further expect our manufacturing revenue to be back to historical levels with less customer and product risk concentration. We're also seeing an increase in bidding activity for new design- build projects and operating contracts in our services segment through PERC Water. In fact, PERC is now at its busiest level since we acquired the majority ownership interest in this subsidiary in late 2019. Respected customers in California and Arizona are seeking cost-effective solutions to their wastewater treatment and potable water challenges, particularly those being caused by the unprecedented drought in the region. PERC is currently awaiting decisions by clients on design- build projects and operating contracts, which we recently bid, which are valued at more than $55 million and could result in recurring revenues of more than $2 million per year over the life of these operating and maintenance agreements. After a long dry spell, we are currently pursuing two significant seawater desalination projects in the United States. One is a 30-year design- build operate project, and the other is a manufacturing project. Our more than 45 years of experience in designing, building and operating these seawater desalination plants allowed us to pre-qualify for both of these very important projects. If we are successful in obtaining these contracts, these will be our first seawater desalination plants in the United States. As David mentioned, our strong balance sheet and greater liquidity supports our efforts to expand our business organically and through acquisitions and new projects. This includes further broadening of our water solutions offering and target markets, as well as pursuing acquisitions and strategic partnerships in seawater desalination and for our services business. While we've had many challenges over the past year due to the pandemic, in all, our opportunities and growth prospects are very encouraging. We expect improved financial results from the second half of this year as compared to the first six months, due to our successful efforts to diversify Aerex's revenue and customer base, as well as PERC strengthening business activity. Given the strong industry tailwind, potentially enhanced by the major increase in federal infrastructure spending recently passed in the U.S., we will continue to focus on those opportunities that will provide increasing value for our shareholders. We remain confident that we will emerge from this long pandemic better and stronger than ever. With that, I'd like to open the call for questions. Vaishnavi? We will now begin the question and answer session. To ask a question, you may answer session. To ask a question, you may press star then one on your touch-tone phone. If you are using a speakerphone, please pick up the handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. At this time, we will pause momentarily for a few more questions. Our first question comes from Gerry Sweeney with ROTH Capital. Go ahead. Good morning, Rick and David. Thanks for taking my call. Hey, Gerry. I want to start on the services side. Rick, I believe you said, I think that $3.8 million, let me make sure I have the right number for services. Did you say the majority of that is from contract work, so O&M structures today and not from project work? I didn't break it down. I said that for services, we have about $55 million in outstanding bids. It's a mix of design- build work and operating contracts. You're talking about the existing revenue, right, Gerry? Yes. Sorry. Yeah. About 90% of that is O&M work. Okay. Operations and maintenance contracts. PERC's been very successful in growing that part of the business. We're now seeing an increase in bid activity for design- build projects. We hope to increase that percentage of revenue, Gerry, by quite a bit. Got you. That $55 million that, Rick, you were just mentioning about, do you know when some of those award timelines are scheduled to be released or updated? I wish I did. A lot of this stuff is moving around because of budget down payments on the client side, and it's difficult to project. Got it. Okay. In that $55 million, there's a potential for upwards of $2 million more of additional O&M work. Is that? In recurring work, yeah. Yeah. Got it. Okay. That's great. On the manufacturing side, I appreciate the additional little bit more detail on the backlog. It's helpful. You discussed some of the technical aspects of what Aerex does and being qualified. If we look at the backlog we see building today and the projects we're going after, is a material difference in margins of this work versus the work that Aerex used to do for the former customer? Well, Gerry, the former customer is still going to buy from us, and is still going to buy that product from us. Former largest customer. Former largest customer, yeah. The thing is, it's always tough to get information from them. They're very guarded on that business was very hard margin work. We think there are a couple of projects out there, both from this former customer and with other customers, that we'll be able to utilize Aerex's unique manufacturing capabilities and generate very healthy margins in excess of, let's say, 30% on those manufacturing contracts. That's really the focus of the business, is to grow in areas where Aerex differentiates itself and can utilize its capabilities to generate higher margin. There's a substantial amount of work out there that's more basic, that Aerex is also pursuing. That does not generate the kind of margin that this former business did. If you're looking at historical margins for 2020 and 2019, it's going to be hard to get back to that quickly. We still think the business out there that Aerex is pursuing will be healthy margins. Got it. Maybe to summarize, targeting higher-end margin work, however, that's a little bit longer lead time, and you're going to backfill potentially with some lower margin work. The bread and butter of what PERC can do is we're in it, we're bidding on a lot of stuff, and it's more commodity type products, so the margins are lower. We want to keep the operation fully utilized to the extent we can. Part of the issue in the first quarter or first six months for Aerex is that its margins are down because we kept all the manufacturing people on staff. We made a commitment to keep them, even though the production activity was low for the first six months. You'll see margin improve in the second half of the year as production activity increases. It's not easy to build a workforce, and we didn't want to lay off a bunch of people just because there was a delay in the work that we were getting in the second half. No, I completely understand and completely agree. I mean, it's their talent, you got to keep them and manage it. I wouldn't have any issues with that. You did say we're looking for a substantial increase second half versus first half. I don't know if you used substantial, I wanted to make We're looking for an increase. Significant. Significant? Got it. Wanted to make sure. Better. Yeah. We'll have a better second half than the first half, Gerry, especially in manufacturing. Okay. Got it. Just turning to the retail side. Obviously, it looks like the Bahamas looks reasonably well. It looks like the retail side in the Caymans, we're just looking at, obviously there's some bulk there, but retail operations in the Caymans are going to be slow to rebound with this five-phase opening and that 80% sort of vaccine rates. Back the envelope, looks like retail's probably about $1 million of gross profit drag due to this pandemic. Is that sort of a fair assessment? Well, you can look at the results for the second two quarters of last year. Unless there's a huge difference in rainfall patterns, you have a core group of people there that are using the water, the residents, and you can expect the second half of this year to look a lot like the second half of last year. There's no reason for it to look any different, Gerry, other than rainfall patterns. They're not increasing rates, you would think they're using about the same volume of water they did last year. I mean, what I was really driving towards was you have manufacturing rebounding, you have opportunities in PERC. Bulk water seems to be doing fine. At some point, I would expect the Caymans to open up and there's $1 million+ of gross profit dollars that eventually flow through. There are several levers of profitability that can flow through over the next 12 to 18 months. Correct. Yeah. Now what's more, I'm more interested in Cayman opening than us, Gerry. Hopefully that'll be sometime. I can tell a little sooner than later. Got it. Okay. That's it for me. I appreciate it. Thank you. Thank you, Gerry. Thank you, Gerry. As a reminder, if you have a question, please press star then one to be joined into the queue. That concludes the question and answer session. I would like to turn the conference back over to Mr. Rick McTaggart for any closing remarks. Thank you. I'd just like to thank everybody who joined this morning and stay safe, and we'll talk to you again in November. Bye-bye. Vaishnavi? Thank you, ladies and gentlemen. As we conclude today's call, I would like to provide the company's safe harbor statement that includes cautions regarding forward-looking statements made during today's call. The information that we have provided in this conference call includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the company's future revenue, future plans, objectives, expectations, and events, assumptions, and estimates. Forward-looking statements can be identified by the use of words or phrases usually containing the words believe, estimate, project, intend, expect, should, will, or similar expressions. Statements that are not historical facts are based on the company's current expectations, beliefs, assumptions, estimates, forecasts, and projections for its business and the industry and markets related to the business. Any forward-looking statements made during the conference call are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results could differ materially from what is expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, continued acceptance of the company's products and services in the marketplace, changes in its relationships with the governments of the jurisdictions in which it operates, the outcome of its negotiations with the Cayman government regarding a new retail license agreement, the collection of its delinquent accounts receivable in Bahamas, the possible adverse impact of the COVID-19 virus on the company's business, and various other risks as detailed in the company's periodic reports filings with the Securities and Exchange Commission, SEC. For more information about risks and uncertainties associated with the company's business, please refer to the management discussion and analysis of financial conditions or results of operations and risk factors sections of the company's SEC filings, including, but not limited to, its annual report on the Form 10-K and quarterly report on Form 10-Q. Any forward-looking statements made during the conference call speak to as of today's date. The company expressly disclaims any obligation or intention to update or revise any forward-looking statements made during the conference call to reflect any changes in its expectations with regard thereto or any changes in its assumptions, conditions, or other circumstances on which any forward-looking statement is based, except as thereof may be required by law. Before we close today's conference call, I would now like to remind everyone that this call will be available for replay starting later this evening. Please refer to yesterday's earnings release for dial-in replay instructions available via the company's website at www.cwco.com. Thanks for attending today's presentation. This concludes the conference call. You may now disconnect.