Thank you. Good morning. Thank you for joining us for our 2024 annual year earning call. With me is Ron Freund, our Chief Financial Officer. We will begin by providing you with an overview of our business and summary of the principal factors that affected our results during 2024. After our prepared remarks, we will be happy to answer any of your questions. By now, everyone should have access to our press release, which was released earlier today. The release will be also available on our website. In 2024, we generated revenue of $46.5 million, consistent with our 2023 levels, but below our expectations. While demand for our products remained strong, revenue growth was constrained primarily by the operational challenges associated with the construction and installation of the new equipment, as well as the ongoing regional conflict, which led to hesitation or delays in visits from foreign technical experts. Despite these challenges, we closed the year with a net profit of $4.2 million and maintain a solid cash position of approximately $17 million even after capital expenditure of approximately $10 million. In today’s call, I will first focus on revenue and growth before addressing operational aspects. We continue to operate in a strong market environment with sustained high demand. In recent months, we have received a request to participate in both local and international bids for large scale defense tenders, including opportunities behind domestic needs. Additionally, in the industrial sectors, we have observed a slight uptick in activity over the past two months. Our strategic focus remains on maintaining a well balanced portfolio across our these three core market segments: defense, medical and high end industrial. Growing tension between the U.S. and Europe have promoted several European nations to accelerate increase in their defense budgets. This trend presents additional growth opportunities in the defense sector, reinforcing our position in this expanding market. Despite the strong market and ongoing tender activity, we have yet to see a significant increase in backlog in the pricing level. Competition remains a factor both from local and European companies. However, we view competition from European firms as relatively limited, primarily driven by their efforts to penetrate the Israeli market. These companies have set initial pricing benchmark that we believe are unsustainable beyond the market entry phase as current pricing does not yet reflect the anticipated rise in demand across Israel and Europe. While we continue to receive short term orders, discussion around long-term agreements are gaining momentum. Securing such agreement would enhance operational efficiency and provide greater production stability. Additionally, we are actively working to obtain large scale production orders which would further support sustained and efficient manufacturing. As part of our growth strategy and our commitment to enhancing the customer responsiveness, over the past six months, we have placed a significant emphasis on expanding our commercial activities. Successful implementation of this strategy will allow us to increase sales volume while leveraging our high end manufacturing capability for complex production stages as those that must remain local. Due to the security considerations. On the operational front, we are making steady progress in executing our accelerating investment plan. As reflected in our cash flow, capital expenditure on machinery and equipment total approximately $10 million during 2024 and we anticipate a similar level on investments in 2025. In 2024, our primary investment were directed toward a new solder masking application department, the expansion of the cooling and air infrastructure of our facility, and the reallocation and reconstruction of the office space to facilitate the planned expansion to our production capacity, including the installation of 68 meters of plating lines, one of the core components of our accelerated investment plan. The large scale acquisition of new machinery along with the need to reallocate reinstall existing equipment according to the new production layout has presented significant operational challenges. Maintaining normal production level, while responding to the increased demand, while simultaneously reallocating equipment, integrating new machinery and carrying out construction work as required precise timing and high level of exceptional complexity. Unfortunately, we faced difficulties and delays in some of our tasks, particularly toward the end of the year when we launched the Solder Mask Application department. One of the main challenges stemmed from the inability of overseas technicians to travel for the installation of the equipment due to the ongoing conflict in the region, delays in the equipment delivery, the absence of installation technician and the disruption of our ongoing manufacturing operational led to production stoppage, an increase in defect rates and setback of in execution of investment plan according to the schedule. On the most critical component of our investment plan is the installation of the new plating line which form from the core of our production process and have significant impact on our quality in our products. The first new plating line, a smaller scale one, was delivered by our suppliers at the beginning of 2024 and now is in fully operational. The primary line is currently being assembled at the supplier facility in Europe and expecting to be shipped to us during the second quarter of 2025. The third line is scheduled to deliver at the end of 2025 or early 2026. The installation and the stabilization process of the lines is expected to take several months. To ensure continuous production, we are installing the new lines alongside the existing ones, allowing us to maintain uninterrupted operation to meet the customers’ demands. The extensive workload faced by our dedicated workforce both in the ongoing production and in the integration – and the installation of the new machinery, as a result a labor shortage and production capacity constraints. We are actively working to recruit additional employees and engineers to support the expansion efforts. I will now turn the call over to Ron Freund, our CFO to discuss our financial results.
