Pioneer Power Solutions, Inc. (PPSI) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Pioneer Power Third Quarter 2024 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 zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce our host, Brett Moss of Hayden Investor Relations. Thank you. You may begin. Thank you, Operator. The call today will be hosted by Nathan Masaryk. Chairman and Chief Executive Officer, Walter Michalik, Chief Financial Officer, and Gio Morican, President of Pioneer Power eMobility. Following this discussion, there will be a Q&A session open to participants on the call. We appreciate the opportunity to review the third quarter financial results and recent business highlights. Before we get started, let me remind you this call is being recorded in webcast. 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 containing the earnings release issued earlier today, which applies to the content of the call. I'd like to now turn the call over to Nathan Masaryk, Chairman and CEO. Nathan, please go ahead. Thank you, Brett. Good afternoon, and thank you all for joining us today. As you are likely aware by now, on October 29th, we sold our pioneer custom electrical products, PSET Business Unit, whose primary product line is the E-Block Integrated Power System. to Millpoint Capital, a New York-based private equity group, for $50 million in a cash and...