David Johnson Jersey

Thank you for standing by. This is the conference operator. Welcome to the Westport Fuel Systems Fourth Quarter and Fiscal 2018 Financial Results Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions] I would now like to turn the conference over to Shawn Severson with alphaDIRECT Advisors, Westport’s Investor Relations representative. Please go ahead, Mr. Severson.

Thank you and good afternoon everyone. Welcome to Westport Fuel Systems fourth quarter and fiscal year 2018 conference call which is being held to coincide with the press release containing Westport Fuel Systems financial results that went out this afternoon. On today’s call, speaking on behalf of Westport Fuel System is Chief Executive Officer, David Johnson and Acting Chief Financial Officer, Jim MacCallum.

Attendance at this call is open to the public and to media, but questions will be restricted to the investment community. You are reminded that certain statements made in this conference call and our responses to various questions may constitute forward-looking statements within the meaning of the U.S. and applicable Canadian securities law and such forward-looking statements are made based on our current expectations and involve certain risks and uncertainties. Actual results may differ materially from those projected in the forward-looking statements, so you are cautioned not to place undue reliance on these statements. Information contained in this conference call is subject to and qualified in its entirety by information contained in the company’s public filings.

Good afternoon, everyone. I am really pleased to have joined Westport Fuel Systems. It’s a pivotal time for our industry and for our company. In addition to the main topic of today’s call, I would like to share with you a bit about my background and also my views on the significant growth prospects for our company.

First of all, I would like to recognize the contributions of my predecessor, Nancy Gougarty, who set the table for the company and is now enjoying her well-deserved retirement, while we continue to execute on the strategic course she defined. In addition to Nancy’s leadership, I would also like to recognize all the company’s past leaders and employees as well as the visionary entrepreneurs who created and built the company’s products, brands that have now come together to form Westport Fuel Systems. We have a rich history in alternative fuels, a comprehensive set of products and a depth of expertise that positions us well for growth. As you know, there have been a couple of big changes at Westport Fuel Systems already this year. My appointment as CEO and the appointment of Jim MacCallum as acting CFO came at the start of a very important year for us.

Let me reinforce and reassure you that the senior management team is focused and continues to execute without missing a beat on the strategy that we established in the months and years prior and which has been discussed in prior calls. During the last few years, Westport Fuel Systems underwent a series of transformational changes that have set the company in the path to becoming a profitable, sustainable organization. These changes prepared our company to respond directly to global market needs for cleaner transportation solutions.