Ladies and gentlemen, hello and welcome to the Wallbox Third Quarter Business Update Call. My name is Maxine and I'll be coordinating the call today. I will now hand over to your host Austin Wood, Director of Corporate Development to begin. Austin, please go ahead when you are ready.

Thank you, operator. Good morning and good afternoon to all that are listening in. And thank you for joining Wallbox's third quarter business update call. Earlier today we filed with the SEC and posted to our website at investors.wallbox.com a letter to shareholders. On this call, we will discuss some of the key points in that document. Before we begin, I'd like to remind everyone that certain matters discussed in today's conference call are forward-looking statements that are subject to risks and uncertainties relating to future events, and/or the future financial performance of the accompany. Actual results could differ materially from those anticipated in these forward-looking statements. The risk factors that may affect results are detailed in the company's most recent public filings with the U.S. Securities and Exchange Commission, including a registration statement on Form F-1 filed with the SEC on November 1, 2021, which can be found on our website at investors.wallbox.com and on the SEC's website at www.sec.gov. Speaking today, will be Enric Asuncion, Co-Founder and CEO of Wallbox; and Jordi Lainz, CFO of Wallbox. We will not be hosting a live questions and answers session today. But if you have any questions throughout the course of this call or following you can address them to investors@wallbox.com. Enric, I now turn the call over to you.

Thank you, Austin, and hello, everyone. We encourage you to review the letter of two shareholders filed with the SEC and post on our Investor Relations site for more details. I want to start by summarizing our business and reiterating what makes Wallbox differentiated. As this is our first priority call since completing our business combination with Kensington Capital Acquisition Corp. to our listing on the New York Stock Exchange in October. At Wallbox, our mission is to create a smart charging and energy management solutions to advance electric vehicle adoption and sustainable energy use. With a focus on contracting solutions in particular. We are a global company and operate a vertically integrated business models, designing, engineering and manufacturing our suite of products in-house. This translates into very fast development cycles, which we believe our wish to stay ahead of the competition and give us more control over our products. Especially teams in times like these when there are severe global supply chain challenges. It has also translated to [indiscernible] margins. We see our success to-date are resulting from our focus on our design centric, user friendly hardware, and software products that can help save our customers time and money and foster accelerated adoption of sustainable energy sources. But key to our value proposition and truly unique to Wallbox, we believe it's our focus on energy management systems technology. About 80% of Wallbox chargers sold are currently utilizing energy management who should I teach through my Wallbox, our proprietary software, even the significant benefits that they can bring to our customers. For example, by customer management home energy consumption, our products adapt the charging power on a real time basis, ensuring that our users are always charging their cars at Max Power, is having to worry about sitting appears. By…

Thank you, Enric. As a newly public company, we have provided aggregated financial information this quarter. Going forward, we plan to report quarterly results and provide business updates and we'll issue an annual report which fully financials. With that said, let me recap solid financial and operational highlights and provide previous preparations where applicable. The reported revenue of $22 million in the third quarter, up nearly 250% year-over-year. As noted earlier, 2021 revenue through the third quarter was $55 million, up more than 280% versus the prior year period. Our revenues are underpinned by charger sales of 26,000 units in the third quarter, and 66,000 charger sales in the 9 months ended September 30, we can wait also alluded to. Our gross margin for the 9 months ended September 30, 2021, was 39%. While we face of challenges from the global supply chain shortage in the third quarter, our in-house engineering, manufacturing and validation allowed us to continue producing without interruptions, while maintaining an industry leading gross margin. We continue to face logistical adversity involving supply chain issues, but our vertically integrated operations give us much more supply chain optionality on some of our competitors. And now, to talk about our recent transaction, we generated gross proceeds from the merger of $252 million. This is exclusive of build fees of $40 million. The merger closed on October 1, after the end of the third quarter. On a pro forma basis, as is the merger closes on September 30, our cash balance would have been $231 million. We believe that our existing data sources will reach sufficient to meet our capital requirements and fund our operations through 2024 and 2025 where we are expecting to solve EBITDA and cash flow positive, respectively. Finally, our total shares issued and outstanding at the time of merger closed was approximately 161 million. This excludes our [indiscernible] and the impact of any stock options or employee stock purchase power. Thank you for your time, I will now turn back Enric to conclude the call.

Thank you, Jordi. Automatic rectification is at an inflection point today. And charging is essential to the adoption. With the proceeds from this business combination, we are confident that we can capitalize on these mega trends and stay ahead of the competition as technology and customer demands evolve. We thank you for joining us today. I look forward to speaking ahead with you after we report our first full year earnings results as public company in early 2022. Have a good day. End of Q&A: Ladies and gentlemen, this concludes today's call. Thank you for joining. You may now disconnect your lines.