Welcome to the Pioneer Power SQ2025 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star and then zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Corbin Woodhull of Hayden IR. Thank you, you may begin. Thank you, Claudia. The call today will be hosted by Nathan Mazurek, Chairman and Chief Executive Officer, Walter Michalek, Chief Financial Officer, and Geo Murickan, President of Pioneer eMobility. On the call today, we will review the third-quarter financial results and recent business highlights. Following this, there will be a Q&A session open to participants on the call. Before we get started, I would like to remind participants this call is being recorded. During this call, management may make forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to the cautionary text regarding forward-looking statements contained in the earnings release issued earlier today, Thursday, November 13th, which applies to the content of this call. I would now like to turn the call over to Nathan Mazurek, Chairman and CEO. Nathan, please go ahead. Thank you, Corbin. Good afternoon, everyone, and thank you for joining us today. The third quarter was a highly successful period for Pioneer, highlighted by key equipment deliveries, strong order momentum, and significant penetration into the distributed power space. These achievements, combined with a robust project pipeline and Pioneer's continued investment in product development, position us to realize our full-year 2025 growth objectives and position us for accelerated growth in 2026. For the third quarter, we generated revenue of $6.9 million, an increase of 7.4% year-over-year, driven primarily by an increase in service sales from our critical power business. Year-to-date, revenue reached $22 million, up 68% compared to the same nine-month period last year, driven primarily by demand for our e-boost mobile charging solutions. These results reflect our ongoing success in expanding our product scope, broadening our customer base, and capitalizing on large new vertical markets. Specifically, in the third quarter, we completed the delivery of the last five e-boost units of a 25-unit order for a landmark school district project totaling $1.3 million. This project represents one of the largest school bus fleet electrification initiatives in the country and underscores our ability to deliver turnkey mobile charging solutions for heavy-duty, high-utilization electric vehicles. This milestone strengthens our position as a leader in fleet electrification and highlights the growing demand for mobile, high-capacity energy solutions in the public sector. In the broader fleet electrification market, we delivered our e-boost mobile open flex unit to the city of Portland. This 175-kW multifunctional unit features a level three fast charger, multiple level two chargers, and a grid tie transfer switch. Pioneer's ability to design and implement a power-dense, flexible mobile power system further solidifies our reputation as a trusted vendor of complex, resilient distributed power. Also, in Q3, we received the $725,000 order from the city of Long Beach, California, for an e-boost mobile stretch unit, a specialized 250- kW off-grid EV charging system, which is scheduled to ship before year-end. Securing this project also highlights Pioneer's ability to craft custom, complicated, and value-driven power/charging solutions. The last-mile delivery market continues to represent strong demand for e-boost equipment. Following a successful pilot during the peak holiday shopping season last year, one of the world's largest online retailers placed a follow-up order for new e-boost units, which were delivered in the third quarter and indeed confirms the success of the initial pilot last year. Based on current discussions with this retailer, we expect additional e-boost units to be deployed at many of its depots and distribution centers in 2026. Also, shortly after quarter-end, our strategic partner SparkCharge placed an additional order for four new e-Boost pure energy 275- kW units, valued at $1.6 million, as part of a multi-year purchase plan, reinforcing e-Boost's critical role in supporting rideshare and autonomous vehicle electrification. These units are also expected to be delivered by year-end. More importantly, Q3 marks the actualization of Pioneer's two most impactful growth initiatives. First, our natural expansion into the distributed power market, and second, the technical completion of our residential power/charging unit, originally known as HOMe-Boost, now rebranded as PowerCore. Pioneer's expansion into the distributed power market was validated in Q3 with over $700,000 in product deliveries and an additional $750,000 in new purchase orders. The expertise gained in designing and integrating complex mobile power solutions, with the original launch and evolution of the e-boost platform, enabled us to smoothly transition to a pure custom distributed power suite of solutions. Indeed, Q3 deliveries of our distributed power solutions cut across a swath of verticals, including a large shopping center, a large condominium tower, and a solid waste processing facility. The new $750,000 distributed power order we received is from one of the largest fitness chains in the United States for a peak shaving application at its flagship facility. Together, these wins underscore the increasing demand across various sectors for fast, deployable, flexible power solutions. Building on this early success, we are expanding our focus to serve the broader distributed power market and are excited to introduce a pre-engineered, scalable power block system designed to meet the increasing energy requirements of large data centers, industrials, universities, and hospitals. Our 1.25 MW natural gas-fired, resilient, and modular power solution is engineered to provide reliable, redundant, efficient power for critical needs and the new surge in demand for on-premise compute power needs. We anticipate launching this innovative system by the end of 2025, exponentially expanding our ability to address the overall distributed power space. Secondly, within the broadened product portfolio, our HOMe-Boost power unit power product is being rebranded as PowerCore and is on track to launch later this year on December 17th at a scheduled event hosted by Pioneer at our Miami, Florida facility. We initially introduced HOMe-Boost as a residential product that seamlessly integrates distributed generation with EV charging. In its original form, HOMe-Boost offered homeowners the ability to combine prime power generation, natural gas or propane, with advanced fast EV charging and an automatic transfer switch to manage utility outages or go into island mode during extended grid outages. With the transition to the PowerCore branding, the solution is positioned as a scalable, always-on power platform that integrates natural gas power generation and, at the user's discretion, combines fast DC charging into a single system architecture. This elevated design is not just aimed at the residential segment, but indeed also at light commercial and other resilience-demanding markets where continuous, reliable on-site power and EV charging are critical but not easily available. This offering essentially provides the user with their own natural gas-powered power plant. We continue to receive positive feedback from early customer demonstrations, and we believe that PowerCore will be a key growth driver for Pioneer in 2026 and beyond. PowerCore materially expands Pioneer's addressable market, moving us beyond large fleets and municipal deployments to permanent, high-value installations that demand both power generation and/or high-capacity EV charging. This product represents the next chapter in our evolution toward providing fully resilient distributed power solutions. Finally, there are several countries around the world that are currently experiencing a high EV growth market supported by policies and incentives similar to U.S. policies back in 2021. Pioneer is actively engaging with several charging businesses in these thriving international EV markets through an e-boost franchise-type model, where we are able to leverage our existing engineering and development expertise to help local partners achieve similar success. These strategic alliances will enable faster adoption of EVs in those markets and provide Pioneer with an additional stream of revenue from licensing, technology transfer, and revenue share models. In summary, the third quarter reflects both continued operational execution and important strategic progress. We are expanding our reach, diversifying our revenue mix, and strengthening our foundation for long-term growth. Based on the momentum we have built and our visibility into the pipeline, we are reaffirming our full-year 2025 revenue guidance of $27-$29 million, representing approximately 20% year-over-year growth. With that, I'll turn the call over to Walter for a detailed review of our financial results. Thank you, Nathan, and good afternoon, everyone. Please be advised that we have included a non-GAAP financial measure of operating income or loss from continuing operations, which excludes corporate overhead expenses, research and development costs, depreciation and amortization expense, and non-recurring professional fees. Please refer to our press release issued earlier today, November 13th, 2025, for further information, including a reconciliation between GAAP and non-GAAP financial measures. The press release can be found on our website at pioneerpowersolutions.com/investors/newsroom. Such non-GAAP measures should not be used as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, we believe this non-GAAP measure should be used to supplement our financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Third-quarter revenue was $6.9 million compared to $6.4 million in the year-ago quarter, an increase of approximately 7%. The increase was primarily due to an increase in service sales from our critical power solutions business. Third-quarter gross profit was $640,000, or a gross margin of approximately 9%, compared to a gross profit of $1.5 million, or a gross margin of approximately 20% in the third quarter of last year. The decrease in gross profit was primarily attributable to an unfavorable sales mix. During the third quarter of 2025, Pioneer incurred an operating loss from continuing operations of $1.4 million, compared to an operating loss from continuing operations of $714,000 in the third quarter of last year. Additionally, during the third quarter of 2025, Pioneer incurred a non-GAAP operating loss from continuing operations of $196,000, which excludes corporate overhead expenses, R&D expense, depreciation and amortization, and non-recurring professional fees, compared to a non-GAAP operating income from continuing operations of $865,000 for the same quarter in 2024. Net loss from continuing operations for the third quarter of 2025 was $1.8 million, compared to a net loss from continuing operations of $738,000 during the third quarter of 2024. Taking a look at our balance sheet, as of September 30th, 2025, we had cash on hand of $17.3 million, zero bank debt, and working capital of approximately $22.8 million, compared to $41.6 million of cash on hand, zero bank debt, and working capital of $26.7 million as of December 31st, 2024. The cash on hand as of September 30, 2025, represents cash per share of approximately $1.56. The decrease in our cash on hand compared to the prior year-end is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million in January and the payment of federal and state income taxes totaling approximately $4 million during the second quarter. Today, we are reaffirming our guidance for revenue of $27 million-$29 million for the full year of 2025, which represents year-over-year growth of approximately 20%. This concludes my remarks, and I will now turn the call back over to Nathan. Operator, you can open the lines for questions. Thank you very much. At this time, we will be conducting a question-and-answer session. If you would like to ask a question, please press star and then 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star and then 2 if you would like to remove your question from the queue. Please limit your questions to one question and one follow-up question. For participants using speaker equipment, it may be necessary for you to pick up your handset before pressing the Star keys. One moment, please, while we poll for questions. First question comes from Amit Dayal from H.C. Wainwright. Please proceed with your questions, Amit. Thank you. Good afternoon, everyone. Thank you for taking my questions. Nathan, looks like another strong quarter. What's interesting is your end markets are getting increasingly diverse. I'm just wondering how you are creating your marketing awareness to reach across multiple segments that you are now playing in. Excellent questions. I mean, we started turning our attention to it because so many of the applications that we've been working on end up, the heart of the expertise is really delivering this power. Adding a charger is an expertise or a series of chargers, but not as complicated all the time. To date, we've been doing it almost in a haphazard way. People, either we're being recommended from others based on other projects that we've done or the same contractor or the same engineering firm. We had some significant success already in the third quarter, which really means that we need to put together a very, very focused team to focus on certain verticals. That's what we plan on doing. One on the industrial side and the other really focused on the larger sort of modular edge computing-type data center, where a 1.4 power block under the right circumstances that's quickly deployable, we should be benefiting from and offering some sort of a value proposition there. Interesting. Thank you for that, Nathan. Then just one on the gross margin side. You attributed the softness this quarter to the sales mix. Do you expect some bounce back in the next quarter? Yeah. I mean, we're already experiencing it, but yes, we expect a bounce back. You're right. The issue was the gross margin. The last five units for the large school district that we did were not good, not good for us, even below what we'd experienced earlier in the year for whatever those reasons were. It's not important to discuss openly here, but that hurt. City of Portland did achieve more or less the margins that we had set out for it, a little bit less, again, some execution issue, but overall okay, but not enough to command the gross margins that we did the other quarter. Fourth quarter, the mix is much more favorable to us, and we expect them to bounce back. Okay. Thank you, Nathan. I'll get back to you. Thank you. Ladies and gentlemen, just a reminder, if you'd like to ask a question, please press star and then 1. The next question comes from Rob Brown from Lake Street Capital. Please proceed with your questions, Rob. Good afternoon. Hey, Rob. Hi. My first question's on the online retailer project and the expansion there. You talked sort of some opportunity in 2026. Could you kind of outline the scale of that relative to sort of what you've done or maybe the planning steps that need to happen here and how that might look next year? Yeah. I mean, to date, what we've been doing with them is short-term rentals. We did a short-term 90-day rental last year at the end of the year for the holiday period to help them with that and let them sort of prove it out under the more intense part of their year. This year, it's a six-month rental, so the revenue is relatively small. The discussions are pending, again, that these units work as we plan, as the initial one did. They're talking about probably 5-20 units next year for a purchase. Okay. So moving from rental to a purchase model. Yeah. Okay. Great. Great. On the modular sort of data center project, you talked a little bit about it here, but how do you kind of see that opportunity? What is sort of the ideal application there? I guess that larger megawatt unit is, I would assume, a fairly large ASP on that. Can you give a sense of the range of what those units sell for? Yeah. We are going to do a formal kind of unveiling of this before the end of the year with the team around it and its own sort of cachet. I will let Geo give you a little—I do not know—give Rob a little concise teasing view of it now, if you can, in 90 seconds. Yeah. Thank you, Nathan. Rob, so what we have in the market engagement we've done, we have seen in the data center market the move to AI compute applications. One of the more immediate needs has been the need to test the AI compute loads because they have a very variant use compared to normal cloud compute load that data centers have today. In order to test these, they need a lot of smaller systems on data center premises that are behind the meter, powered, and can be actuated in a four- to six-month timeframe in order for them to scale and plan for the bigger data center cycles. Beyond that, there are also industrials who are adding critical power applications across different retail sectors. Those are some of the markets that we are addressing in the next one to three years. Okay. Excellent. Thank you. I'll turn it over. Thank you so much. Ladies and gentlemen, we have reached the end of the question-and-answer session. Now I'd like to turn the call back to Nathan Mazurek for closing remarks. Thank you, sir. Thank you, Claudia. This quarter's results reflect strong execution and meaningful progress in expanding into new markets, including distributed power. With a robust pipeline, strategic product launches like PowerCore, and continued operational momentum, we are well-positioned to drive growth and achieve our full-year 2025 objectives. Thank you for your continued support. We look forward to updating you on our next earnings call. Thank you. Thank you very much. Ladies and gentlemen, that does conclude today's call. Thank you very much for joining us. You may now disconnect your line.