Good day, and welcome to the GSE Systems, Inc. reports Q1 of fiscal year 2021 financial results. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Adam Lowensteiner, Vice President at Lytham Partners. Please go ahead, sir. Thank you, Chuck. Sorry everybody for the delay. Good afternoon, everyone. Thank you for joining us today to review the financial results for GSE Systems for the Q1 ended March 31, 2022. With us on the call representing the company today are Kyle Loudermilk, President, CEO of GSE Systems, and Emmett Pepe, Chief Financial Officer of GSE Systems. Before we begin, I would like to remind everyone that the statements made during the course of the call today may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. These statements reflect current expectations concerning future events and results. Words such as expect, intend, believe, may, will, should, could, anticipate, and similar expressions are words that are used to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of future performance and are subject to risks and uncertainties and other important factors that could cause actual performance or achievements to be materially different from those projected. For full discussion on these risks and uncertainties and factors, you are encouraged to read GSE's documents and filings with the Securities and Exchange Commission, including those set forth in periodic reports filed under the Forward-Looking Statements and Risk Factors section. GSE does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. On this call, management may refer to EBITDA, adjusted EBITDA, adjusted net income, and adjusted EPS, which are not measures of financial performance under generally accepted accounting principles or GAAP. Management believes that these non-GAAP figures, in addition to other GAAP measures, provide meaningful supplemental information regarding the company's operational performance. Investors should recognize that these non-GAAP figures might not be comparable to similarly titled measures of other companies. These measures should be considered in addition to and not as a substitute for or superior to any measure of performance prepared in accordance with GAAP. A reconciliation of non-GAAP measures to the most directly comparable GAAP measures in accordance with SEC Regulation G can be found in the company's earnings release. With that, I'd like to now turn the call over to Mr. Kyle Loudermilk, President and Chief Executive Officer of GSE Solutions. Kyle, please proceed. Thank you, Adam, and I'd like to welcome everyone to GSE's Q1 fiscal 2022 financial results conference call. Earlier today, we issued a press release detailing our financial results. Hopefully, you've had a chance to review this news release, but if not, a copy can be found on our website at www.gses.com under the News section. To lay out the agenda for today's call, I'll plan on opening my remarks with a brief discussion on the industry, then drill down into commentary on the quarter's highlights and the status of each of our divisions, including our engineering segment, also known as Performance Improvement Solutions, Workforce Solutions, also known as Nuclear Industry Training Consulting or NITC, and our software as a service-based software solutions business. Emmett will then give a recap of the financial results, and we'll then open the call to any questions at the end. As it has been only 45 days since our last call, my commentary on the macro environment will be a bit abbreviated. Since our last call, the overall environment for GSE services continues to be promising. While Q1 displayed a bit of a breather after a very strong Q4 and a solid second half of the prior year, it still was a solid quarter consisting of, quote, meat and potatoes type of business, which is a steady stream of projects coming in. The macro environment continues to evolve from the worst parts of the pandemic, with businesses still transitioning to getting back to pre-pandemic levels. Our end user markets are focusing on the necessary improvements and maintenance required to keep the facilities up and running in the most efficient manner. The Omicron variant likely caused some delays in orders in the quarter, yet the high energy prices that are making headlines across the world continue to place emphasis on energy independence and security while ensuring a stable grid in order to supply ample energy to customers. While many governments are currently focused on these issues, many are also focused on meeting decarbonization goals, which are additionally putting pressure on energy prices. That said, it's become very evident that many of these countries are rewriting their plans for both nuclear in the near and longer term. While incorporating renewable energy alternatives like wind and solar have been important, these energy sources are running into issues due to the variability inherent in those power sources and are struggling to meet long-term power generation goals due to the lack of equipment from supply chain issues, along with the lack of labor for installation, as well as obstacles to permitting. As a result, these shortages are putting serious pressure on meeting decarbonization goals. Making up for those losses from supply chain and labor issues could take many years, maybe even a decade or two to catch up. This highlights the acute need and focus on nuclear power as a long-term component for energy security and meeting decarbonization goals for the grid. As I expressed in the past, in driving to a zero carbon economy, wind and solar simply will not get the West there in and of themselves. Stable, consistent, round-the-clock power generation is required, and the more wind and solar that comes onto the grid, the more baseload power required. The solution to this is nuclear power. We believe that for these reasons, many countries will maintain and enhance existing nuclear fleets going for the foreseeable future. The good news is that when the lives of nuclear facilities are formally extended, at least in the United States, license extensions are usually issued for 10-20 years. Lifetime extension of nuclear power facilities is a very favorable trend for GSE for years to come, as these facilities constantly require upkeep, maintenance, and upgrades, as well as new software to make sure they are operating as efficient as possible. GSE provides many of the essential engineering, design, workforce, and technology solutions to facilitate this industry effort. The Biden administration has laid the initial groundwork with the bipartisan bill that was signed into law in November for infrastructure. The law includes $several billion specifically allocated to the nuclear industry with a focus on investing for maintenance efforts at existing nuclear facilities. The law also provides funds to accelerate the advancement of next-generation nuclear reactor technologies, including SMRs. We believe the dollars from this law are starting to make their way into the economy, but we are also appreciative of the U.S. government recognizing that upkeep of current nuclear fleet is of the utmost importance while bridging efforts to the next generation of nuclear facilities. As a reminder, nuclear power currently provides 20% of the nation's power and over 50% of the nation's 100% carbon-free electricity. As a result, the Biden-Harris administration has identified the current fleet of 93 reactors as a vital resource to achieve net zero emissions economy-wide by 2050. The U.S. Department of Energy, the DOE, recently released a notice of intent and request for information on the implementation for the Bipartisan Infrastructure Law's $6 billion Civil Nuclear Credit Program. The Civil Nuclear Credit Program supports the continued operations of U.S. nuclear reactors, the nation's largest source of clean power. Both the NOI and RFI are critical first steps to help avoid premature retirement of nuclear reactors across the country, preserving carbon-free power generation at scale for the future while securing thousands of good-paying, clean energy jobs. All of this commentary makes abundantly clear there is tremendous and broad positive momentum for the nuclear power industry. Energy security, zero carbon grid, and scalable, sustainable growth of zero carbon is now top of mind across the world. As a provider of those services and technology to industry, rather, we believe GSE is well-positioned as a result. One more topic I'd like to share about the macro level is the recent consolidation we are seeing in the industry, which resumes the consolidation we had been seeing prior to the pandemic. As an example, Westinghouse recently announced their intended acquisition of BHI Energy. As BHI has over 8,500 employees, this is a significant acquisition within the nuclear power industry. BHI has a range of services it provides in the U.S. and Canada, primarily servicing the support of all operating commercial nuclear plants. Another recent deal was the acquisition of Paragon Energy Solutions by Windjammer Capital Investors. Paragon is a small independent provider of critical parts and services for the nuclear energy industry and has been delivering products to nuclear utility customers and providers for over the past 30 years. Additionally, last fall, Boyne Capital acquired a majority interest in Sonic Systems International. Sonic provides a range of services to the majority of U.S. nuclear reactors, including nondestructive evaluation, QA/QC programs, refueling and reactor maintenance, engineering, and project management. While the financial terms of these privately transacted deals haven't been disclosed, this deal flow is important to note as clearly investment equity is flowing into this highly important sector. Specialty assets serving the nuclear sector are clearly in demand. Now, let's dive into some of the key events GSE experienced in the Q1. Key events in Q1 and market overview dynamics and new orders. Overall, the Q1 produced a good quarter. While quarters were not at the levels of Q4, new orders were solid for Q1, and we maintained our backlog. We suspect that orders ebbed after two strong quarters due to business cycles starting back up in our customers during the Omicron, as well as likely sluggishness resulting from the Omicron and derivatives. We have seen over the last 24 months that this business can come in fits and starts, with any delays resulting in a spurt of business like we experienced in the back half of 2021. Even so, stable, as I mentioned, in the quarter, and we have lots of work ahead of us. Also, the software business that we've built for the past few years into a material high-value line of business is now looking and feeling like a software business, including the typical timing associated with it. We had several renewals and new logo sales close at the end of last fiscal year, and Q1 involved a lot of business development activities to drive will be a solid Q2 and another strong year. As a result, investors should now look at our software business as a hockey stick as we progress through the fiscal year, just as it has the last few years. Our goal is for the y-axis of this hockey stick chart to grow larger for each year, just as it has for each of the prior three years. This is exciting progress. Before getting a bit more granular, Q1 in general was a bit tepid for the industry, as admittedly, it was off the heels of a very busy second half of 2021. We believe customers took a pause, whether it be the Omicron variant or strong back half of 2021. Either way, it isn't unusual to experience such spending puts and takes from quarter to quarter. The good news is we secured a solid cross-section of new orders in Q1 despite lower industry spend. In addition, some of our work that was expected to start at the beginning of Q1 was shifted to the end of the quarter or moved further to the right and should commence in the coming quarters. For the first quarter, total orders were $11.1 million, which was lower from Q4 and Q1 a year ago. That said, the industry has showed overall signs of renewed strength compared to the recent past. In the quarter, our performance engineering division managed to improve orders over last year as we continue to work with a variety of customers in different projects. The makeup of these orders were highly diversified by order type, primarily across our specialty engineering and non-simulation engineering businesses, and also relatively similar in monetary size. Thus, the meat and potatoes aspect of a steady stream of orders. Workforce Solutions is where we experienced weak orders in Q1 2021. That said, the division did win several key orders, some sizable in nature. We also made some new investments into the division during the quarter with the addition of sales and recruiting personnel, and expect those investments to start contributing in the coming quarters as these resources, to quote, "debottleneck our ability to generate revenue from the business." Although new order levels in pre-pandemic levels, we are very pleased to be trending in the right direction. The new orders awarded in the Q1, combined with the acceleration we experienced in the second half of 2021, we feel has created great momentum for the remainder of 2022. Also, with the financing we conducted in the Q1, GSE is in a very strong position to competitively bid for new business and make the necessary investments to improve organic growth through sales and product development efforts. Aligning our business has been a big effort through the pandemic, and now we have significantly improved our capital structure. One thing's for certain, three key catalysts still are at the forefront for the nuclear industry. One, the need for a stable grid. Two, the drive towards energy security independence. Three, the decarbonization of the power sector. The drivers have provided increased visibility of our business pipeline, and we are excited for the year. All remain important catalysts for the power industry, and will continue to gain momentum as we continue to suffer from higher energy costs and geopolitical issues causing energy security concerns. It is these catalysts that give us confidence that the nuclear industry will be in high and increasing demand for the foreseeable future. Now, let's review a bit into each operating segment. Our engineering performance, also known as Performance Improvement Solutions, saw revenue decrease slightly sequentially from the and when compared to the year ago period. Orders for this division continued to be very robust in the Q1 to $6.4 million, up 15% from the same quarter a year ago. This increase was attributable to several new contract wins, specifically coming from our DP Engineering and True North divisions. The specialized engineering services these two divisions offer are showing solid demand with an array of customers on an assortment of different engineering projects, from a transmitter replacement to assisting a client with remediation work on a tank farm. I highlight these wins as they have been able to show our breadth and depth of services and capabilities for our clientele. Looking further into the engineering performance division, our True North Consulting and DP Engineering units perform well compared to the Q1 a year ago, as more customers are investing in these essential services that we provide to the industry. While the division is still in the midst of recovering from the pandemic, we're seeing customers start to put more work out to bid and inquire specifically of our unique solutions. There has been a large uptick in the opportunity pipeline as a result of this increased activity. Because of this, we have reason to be confident that the industry is emerging from the pandemic-related slowdown in spend and do expect additional business within this division over the longer term. Our pipeline opportunities overall for this segment has clearly improved as nuclear budgets and the focus on energy security and independence increases, and for good reason. As a result, our focus is working diligently with our customers and potential customers to convert these bids into orders and subsequently revenue, as experienced during the quarter with several new key orders that we have received. For software solutions, moving on to our cloud-based SaaS solutions. As I have mentioned in the past, while this is technically categorized under our engineering performance division, it is a very exciting and unique component of our business, and one which I believe warrants its own conversation. Revenue from our software solutions was $0.4 million for the Q1 compared to $0.8 million in the same quarter a year ago and compared to $2.4 million in the Q4. As I mentioned earlier, our software business has developed into a nice division for GSE with lots of predictable high margin revenue. That said, given the conversion from licensed to SaaS over the past few years, many of the revenues from software ramps up towards the end of the year. GSE recognizes this revenue on a ratable basis for SaaS software quarterly over the lifetime of the contract. We made a significant push to convert our perpetual licenses to term licenses with our customer, as well as capture net new business delivering the SaaS solution via the cloud. We've been successful in converting several of our clients to these SaaS-based license agreements. We are in discussions with several more clients and new opportunities about onboarding them with these solutions. We've already made investments in bringing on more people into our sales force, so we fully expect this investment to deliver further enhanced results in the second half of the year. It's gratifying to see what was a nascent effort when we first joined, develop over the past three years into a significant and growing software business as part of GSE. We continue to be excited about these high-value, high-margin software solutions, which have demonstrated the potential for continued above average growth rates while bringing strong predictability to the software license business. Last year represented nearly 10% of our total revenue for GSE, and we are focused on growing this business. It has proven to be an excellent follow-on to the company's legacy business of power plant simulators. In addition to the recurring revenue of our software solutions, it provides very high gross margins, typically 80%-90% for GSE. We are happy with our growth in this area and look forward to continuing the transformation to make this segment a larger part of our business. Workforce solutions. Now moving to Workforce Solutions, also known as our NITC segment. Sales were $5 million in the Q1, which was basically in line with the $6 million from the Q1 a year ago. Orders showed a bit of a pause in the Q1, coming in at $4.7 million, due primarily to Omicron, which put some orders to the right as clients pause certain decision-making to assess the impact to their respective workforce on-premise efforts. We continue to make smart investments in the business by adding new sales and recruiting professionals for the division in order to improve organic growth. Getting a bit more specific, the division did receive four key orders from our customers, with two very sizable orders, one with a major utility and the other with a construction services company. To summarize, I'm very proud of our team and the results produced in the Q1. We clearly have additional work to do and are now in the position to do so with a strong balance sheet. We've begun to make necessary investments to be able to win more orders as they are starting to pick up, especially as the pandemic related constraints end as time goes on. In the meantime, the company has been aligned to the market opportunities and our diversified business mix that we purposely built over the past few years has proven resilient throughout this time. We believe it has positioned the company to broadly benefit from the macro trends that bode very well for GSE's future. We are an essential part of the power industry ecosystem, and our clients rely on us to keep their assets up and running while creating a highly efficient and safe environment. The strong reputation we have in industry and the relationships we maintain with our customers and the value-added engineering workforce and software technology we offer to industry should position us well to beat out the competition as more business flows into the vendor ecosystem for nuclear and broader zero carbon power generation. As the industry continues to develop a resilient grid that will advance the goal of decarbonization, GSE is at the forefront of providing such solutions and ready to partner with the power industry to achieve these goals. In addition, industry tailwinds are extremely strong for GSE as governments and society is becoming educated to the fact that in order to achieve net zero carbon emissions and have a stable grid with energy independence, nuclear must be an integral and growing part of the solution. We've all read the headlines we are seeing today from the energy turmoil in Europe erupting as a result of the Ukraine-Russia conflict, to climate change necessitating an accelerated path to zero carbon grid. Nuclear is now recognized as a critical part of the world's power mix. The industry news items that I previously shared are but a few of the many exciting developments in the nuclear industry right now that make me feel extremely confident about GSE's future. Our unique solutions are at the forefront of making nuclear power generation technologies and plants operate and run safely and efficiently and produce more power from those assets over time. I will now turn the call over to Emmett Pepe, GSE's CFO, who will review the Q1 financial results. Emmett, please proceed. Thank you, Kyle. With the numbers highlighted in detail in the press release, let me focus my comments on a few areas and provide added color where I can. Revenue during the Q1 of 2022 was $12.3 million, a decrease of 6.3% compared to $13.1 million in the Q1 of 2021, and compared to $13.9 million in the Q4 of 2021. The revenues were lower primarily from Q4 to reflect an emergent seasonality in the software business, whereby many renewals occur. The year-over-year results were slightly lower and due to certain project flow that was not recurring in nature and stemming from the company's legacy business of nuclear simulators. Engineering Performance revenues were $6.4 million in the Q1 of 2022, compared to $7.1 million in the Q1 of 2021, and compared to $6.8 million in the Q4 of 2021. The sequential and year-over-year change was due to lower orders within the simulator part of our business, which is extremely cyclical in nature. However, while that part of the division isn't growing and at times difficult to predict, we have several key projects in the coming quarters. As we've seen this business segment pick up in the second half of 2021, when orders increased 63% over the first half of 2021. Workforce Solutions revenue in the quarter was $5.9 million, compared to $6 million in the Q1 of 2021 and compared to $7 million in theQ4. While the year-over-year decline was due to a reduction in field professionals' needs for two major customers. In response, we are working with new business development teams and recent hires made in the quarter to drive future growth. Gross profit in the Q1 of 2022 was $2.4 million, or approximately 19.8% of revenue. This compared to a profit of $2.9 million or 22.3% of revenue in the Q1 of 2021 and 3% of revenue in the Q4 of 2021. Gross margin was down primarily due to products, specifically lower margins from Workforce Solutions as we have some transition in that segment and a reduction in revenue from our legacy GSE performance, which is typically our highest margin business. While the gross profits can fluctuate due to gross profit improvement over time. Operating expenses, restructuring, depreciation and amortization expense for the Q1 of 2022 were $4.6 million compared to $3.9 million in the Q1 of 2021 and $4.6 million in the Q4 of 2021. The increase in Q1 was partially due to what many other companies in our industry and across the economy we are seeing now. Higher expenses for corporate insurance and other inflationary pressures, part of which was reflected in the Q1 results and with other increases being other corporate expenditures that are one-time in nature. Despite these pressures, we continue to closely monitor our operating expenses and continue to expect them to be in a similar range in the future. Net loss for the Q1 of 2022 was $3.4 million, or a loss of $0.16 per basic and diluted share, compared to $2.2 million, or a loss of $0.11 per basic and diluted share in Q1 of 2021, and compared to $1.9 million, or a loss of $0.09 per basic and diluted share in Q4 2021. As reflected in our non-GAAP disclosure, $1.1 million of the net loss is due to non-cash related expenses, roughly $700,000 related to our convertible debt and $400,000 related to stock compensation. Adjusted EBITDA was a loss of $1.7 million in the Q1 of 2022 compared to $800,000 in Q1 of 2021, and a loss of $1 million, which was reported in Q4 of 2021. Company's backlog remained healthy and stable during the Q1 at $40.1 million, compared to $41.3 million at the end of the Q4 of 2021. The performance engineering segment backlog was fairly stable at $31.9 million. The workforce solutions division burned off some backlog and was at $8.2 million at the end of the Q1 and compares to $9.5 million at the end of theQ4. These backlog figures really highlights the company's performance well by we burned off some older orders, but still have a good amount of those orders in the back half of 2021 still in front of us for the remainder of 2022. Moving our discussion to the company's balance sheet. It too improved as the company entered into an agreement for a convertible debenture in the Q1. We exited the quarter with $5.7 million in cash and repaid in full the $1.8 million that remained on our prior credit facility, which as a result removed many restricted covenants and the going concern language in our filings. These achievements are very valuable to our capital status, and the timing of the new capital couldn't have been better, especially given recent moves in interest rates and markets. Net unrestricted cash also improved in the quarter and was $1.9 million at the end of the Q1, up from $1.7 million in the Q4. Lastly, we received $1.1 million of ERC refunds from the IRS during the Q1, which also enhanced our capital structure, and we anticipate the additional $3.1 million ERC refunds still outstanding in the coming months. With receipts of these funds in the Q1, the company had a cash flow breakeven quarter. I'm pleased with the actions in the Q1 to improve our capital structure, and I believe we have positioned ourselves for stability and renewed growth in the coming periods. I'll now turn the conversation back to Kyle. Thank you, Emmett. To summarize, Q1 was a good quarter and shows progress we have made along with the value we've added by creating a company with diversified number of offerings. We are feeling more confident in our future as the pandemic is getting behind us and customers are getting back into the marketplace. We have entered the year with an improved capital structure and have utilized our progress to make certain key investments and hires to bolster our organic sales efforts and improve cross-selling opportunities to make sure that we have as many touch points as possible with our customers. Our team is highly focused on improving order flow, and I believe we're in a solid position to capitalize on helping our customers upgrade and maintain their existing fleet of facilities. This really bodes well for GSE in the near to midterm. I'd like to conclude that we believe that the company has worked hard in the past year to stabilize the operations, and we continue to work on pursuing newer contracts for the industry. The industry resumes upgrades and maintenance on facilities and their workforce. Bidding in recent months continues to improve, and many of our customers are coming back to the table with a need for upgrades and upkeep services. While the timing in this business is still hard to pinpoint as seen in the Q1, which showed a pause relative to the flurry of order flow at the back half of 2021, we believe we see the business in front of us and GSE is well positioned to win our fair share of opportunities and with a leaner cost structure. Given our very unique situation as a heavily tech-enabled provider of essential services to the decarbonization of the power sector and nuclear power industry, we remain very confident in our opportunity to create substantial long-term value. With that said, operator, please open the floor for questions. Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your touch tone phone. If you're using a speaker phone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we'll pause momentarily to assemble our roster. Again, to ask a question, please press star then one. Chuck, this is Adam Lowensteiner of Lytham Partners. If I may, I'd like to pose a few questions to the management team. The floor is yours. Kyle, you mentioned a little bit about some new investments and hires in the quarter. Maybe share with us how long that takes to see some of those moves to start to perform and make their way into the business. Sure. Specifically, the investments we've made in new hires really are geared towards bringing on a couple of new salespeople and a couple of new recruiters for our Workforce Solutions business. The recruiters make an immediate impact, where they have really helped us debottleneck our ability to reach out into our proprietary database of employees and connect workers and connect them to opportunities that we're looking to fill as part of our Workforce Solutions contracts that are in place. You know, as they've come in, we've seen a relatively quick impact in filling open slots for that business. That's been great, and we continue to look for more. The business is there. For salespeople, we typically look. Look, they're hard to find. It's very hard to find good salespeople, especially in a tight environment. As we find them, we bring them on, and we've brought on a couple over these past 90 days. It typically takes a quarter to two quarters for them to begin to ramp up and make a full speed impact. With that said, it's one of the hardest positions to fill. If they do well, they get paid really well. If they don't, we constantly groom our workforce to make sure we're bringing in and focused on making sure people are productive in sales roles, hitting their targets. If they're not, we look to bring in new people. This is. It's not a once and done, this is an ongoing effort, but we're in a position with the balance sheet restructure to really take some incremental steps there, nothing dramatic, to invest in organic growth. So that's really promising that has happened. Okay. Regarding the Bipartisan Infrastructure and Jobs Bill that passed in November, are you starting to see some of the effects of that? The money is obviously there. How long does it take to make its way into the economy? Right. As we discussed in the script, when you look through DOE, they've gone out for solicitation of ideas about how to deploy the $7 billion back into the existing fleet. That takes time. Here we are in May. Legislation was passed into law in last November. That's been six, seven months to get to this point. We expect that this money will be allocated out over a broad period of time likely over several years, not just all up front in a lump sum. But more important. That's gonna play out over time literally over the next couple of years. With that said, however, it provides a high degree of confidence to industry immediately that the industry is getting support from the highest levels of the U.S. government, and that really changes sentiment and mojo, for lack of a better word. Like, industry is very excited about where it is right now with the IPO of companies like NuScale and with industry vendor consolidation that we've seen. Utility operators are really quite excited by what's going on. You know, Exelon has spun out Constellation Energy over the last quarter as well. A lot of movement in the industry, a lot of confidence built up in industry, which is directly resulting from you know, the support from the highest levels of U.S. government. That's great to see. Okay. We do have an investor here who'd like to ask some questions. Chuck, please proceed. Sure. Yes. Our next question will come from William Brimmer with Vanquish Capital. Please go ahead, sir. Good afternoon, Kyle, Emmett. Hey, Will. Okay. Hello. First question. First question here is definitely on the involvement with NuScale. During the quarter, they consummated, they uplisted. Ticker is now SMR. I know that you guys have had a long-term standing relationship with them. Maybe give us some color in terms of what we can expect as NuScale has been getting quite a bit of press as well about all these potential SMRs being deployed globally. Yeah. Well, look, at a high level, Bill, look, this IPO via SPAC for NuScale has been very exciting for industry. You know, if you look back at last August's single largest American Nuclear Society Conference, Utility Working Conference down in Florida, there was a lot of buzz around SMRs. That really, I think, was the catalyst that drove ultimately where we are with NuScale. You know, getting a lot of strategic investors, raising capital, and creating the excitement around accelerating their path to their first plants and going online hopefully by the end of this decade. Our relationship with them spans a decade. You know, we're proud of that relationship. It's been very successful mutually for both of us. The closer they get to building plants, I think that's gonna help out their entire vendor ecosystem, ourselves included. That's very exciting. Maybe provide the services that you are working with NuScale for us sort of break that down a little bit for me? Sure. Well, publicly available information, I'll point to that. Publicly available information points to the fact that NuScale has used our simulation technology as part of their engineering design licensing program with the NRC, achieving the design basis license in record time, and they've been very open, and we're grateful for that about their partnership with us using our simulation technology. Additionally, they use our simulation technology as an integral part of their simulation island. So whenever you see their 12-pack units, that's our simulation technology. We've had staff embedded with them from time to time. We have former employees that are working there at NuScale. This is a very healthy ecosystem we have between the two companies. These contracts are multi-year or multi-service contracts. That's the way I should look at them then? Well, effectively, they've licensed our simulation technology to use to support their development efforts of their proprietary technology. From time to time, they enter into services agreements with us to use our expertise and know-how. We certainly like we would with any client, an opportunity to promote further services to them. You know, I think it's a healthy relationship, which means we're in constant engagement, and we're talking mutually about what are the needs and how can we help them accelerate accomplishing their goals. Great. Now let's go back to the more the legacy nuclear. Can you give us a sense of what you're seeing in the industry? I know you've voiced there's a lot of activity in terms of maintenance as well as expanding the life of some of these older reactors. What are you seeing out there? More importantly, give us a sense of what could be potentially announced in terms of future contracts and the terms of them. Well first of all, as we stated, the industry is really investing quite heavily in itself to keep its plants evergreen, debottleneck themselves or upgrade themselves to produce more power over time from outage to outage, bring in the capital investment, new pumps, pipes, heat exchangers, turbine upgrades, et cetera. All this over time accomplishes a couple things, Bill. It extends the lifetime of the plant. It keeps it evergreen, operating safely and efficiently. It also, certain investments can help the plant produce incrementally more power as time goes on. Our services that we provide, particularly our Workforce Solutions, and most notably the solutions that we've provided historically through our True North Consulting group and our GP group, are really geared towards just that, helping these plants facilitate safe operations as well as, produce more power from existing plants over time and extend their lifetime. There's a lot of investment that goes into that. Those lines of business are right in the Venn diagram of need and ability to spend and desire to execute quickly. I think that explains much of why we're seeing, a nice solid performance in those lines of business, and we expect that to continue and grow as we move forward. That's good to hear. My final question is just on the international front versus the domestic. If we had to take a step back, and look over the next year, where do you see more activity or is there a certain trend that you're seeing that's sort of surprising you as we go through this year? Well, I'll talk about what everyone can read in the headlines that's interested in this industry is very exciting, although the compelling reasons for why it's moving so quickly are unfortunate. You know, with the Russian invasion of Ukraine, it highlights a number of things, such as the need to defund despotic regimes by not consuming their energy, but rather becoming energy independent and achieving energy security. We're seeing that mindset shift rapidly in Western Europe, and as a result, you see all the former frontier countries, eastern frontier countries in the European Union and in Europe to really talk quite openly about the desire to accelerate investment in nuclear power so they can stand up and be independent from imported power from you know, an adversarial foe to their east. Poland has been very open about looking to invest in SMRs and traditional technology, as has the Czech Republic and Slovakia, which is already well underway with an investment program. Romania has been very open about wanting to get a NuScale plant up and running by the end of this decade. I mean, that's and there's more to speak of along throughout Europe. The United Kingdom is looking to renew its energy program. France is extending the lifetime of its plants. Germany is still a question mark, but you know, has spoken openly about embargoing Russian oil and eventually decoupling from the consumption of gas, which is astonishing compared to where we were a year ago. With that said, that's the international perspective. That only highlights the importance of nuclear for energy security and independence. To the United States, we've already had a program underway, mostly driven by the need for zero carbon power, but now with gasoline prices above $5 a gallon in the U.S. the more power we generate from nuclear, the less dependent we are upon fossil fuels, and they can be diverted to other things such a gasoline and diesel oil production, that type of thing. Again, that is only providing an impetus in the United States to further its energy security and, again, get back to energy independence, if not get to be an energy exporter to help our allies out in Europe. Nuclear power is a key part of that. You know, this was a long time building, and it's only accelerated as a result of what's happening between Russia and Ukraine. You know, GSE is well-positioned for that. We are excited about where we are. You know, and look, we feel, as I've said in the script we have a robust pipeline of business that's out there. We have better visibility than we've had in a long time. You know, the drive towards energy security and independence is helping clarify that, and we're just pushing and pushing to start getting these deals to come in as this year unfolds. Well, thank you. Well said, and should be interesting times ahead. Yeah. Thanks, Bill. Appreciate the questions. This concludes our question and answer session. I would like to turn the conference back over to Kyle Loudermilk for any closing remarks. Please go ahead, sir. Well, I'd like to thank everybody for joining us. We appreciate your time and interest in GSE and remain excited about what's ahead of us, as I've said repeatedly in the call. I do wanna note we will be presenting at the Lytham Partners Summer 2022 Investor Conference on June 21-22, and we'll be looking forward to speaking with many of you at that time. We're also open to attend other investor calls, so any ideas from our investor community as you hear this, please reach out and let us know where we should be looking for suggestions to things that we have in place. If you have any questions, please reach out to Adam Lowensteiner from Lytham Partners, and we'd be happy to schedule a follow-up call. Thanks again, everyone, and wish everyone to have a great day. Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.