 And so Hylian just provided us a closure for 2022. I purposely skipped last week in anticipation of this. Wasn't sure where my expectation lied with what we were going to hear on the call. I was extremely pleased coming out of this call closing down 2022. And I think we enter into 2023 with a sense of optimism, especially for the back half of 2023. There was so much that was jam-packed into this. And so our words when they come through social media and cover what this company is doing is absolutely, during a time where the disconnect is very, very real. And for those investors out there that actually identify that very disconnect, the profits are going to be very, very real. And they are going to be insurmountable. And right now it absolutely is in our best interest to cover what's going on. I'm going to run through the actual presentation here, discuss a few points as a part of a much larger synopsis of what I thought when what came out of the call and actually closing down on what 2022 actually meant for the company and the progress that's been made. And highly on this entire time has required an astute application in paying attention to detail. You can make your broad swaths if you'd like. You can make your broad assumptions about this company. I think that's a huge mistake. I think you have to pay attention to what they're communicating. And I found that their primary method of communication is through the earnings call and through presentations like this that come from highlyon.com. You can talk about commentary. You can refer to commentary like myself and many others out there on social media that are providing opinion-based interpretation of the information that's released by highly on. However, I encourage each and every one of you guys to derive your own opinion with regard to the opportunity that exists with highly on holdings. And that information comes from what I am declaring to you now straight off of the highlyon.com website under the investor tab. They do a really good job of providing this. The second best piece of information, in my opinion, is the quarterly calls and the clarity and the color that's provided during those specific calls. So that also is provided. If you call yourself a highly on investor, you should be chomping at the bit to get a hold of that. This one was the best one I've heard so far, by far. And I picked up on a lot of things that I'm going to share. Perhaps my interpretation was perhaps maybe a little bit more jaded to the bullish side than some because I haven't heard some of the interpretations on some of the key points that were delivered, especially during the call, that I'm going to talk about and hopefully you can find some value in that. But the full year track hitting the commercialization milestones, this has been a key in highly on walking through their product validation. And they have been adamant upon this. We see in the landscape, Tesla and Nikola, both really failing on this front, subjecting their product to a marketplace that's putting rigor over that product and the product is failing. We cannot have that. There will be learnings no matter how much validation goes into it and highly on a strike, trying to strike a balance of pre-commercial validation of their product before it gets put into the rigor of the Class 8 space. And now this was discussed a little bit more in detail with regard to how we are supposed to look at the White Glove program. And I thought that it was one of those things that it required a little bit more explanation. I'll go into that when I talk about it during my regular video. But this is really just a summary of the accomplishments completed first year revenue generation. Remember, 2021 was a pre-revenue year. 2022 was far from that. And for them to garner the hybrid sales the way that they have an increase quarter over quarter of over 100% of revenue generation on the hybrid, I thought was phenomenal. I was very, very surprised to see them top the 1.1 million in generation. That was supposed to be during their good season, which does reflect the higher increase in the hybrid EX sales with the 1.1 million of revenues generated. But nonetheless, those are the bottom line follow-throughs that I'm looking for as an evaluator of the company in looking toward the future and the progress that's being made right now. Fill the initial 210 slots for hyper truck. And this just goes into paying attention to the detail. This to me solidifies a deeper relationship with the OEM, that being PAC-R. And Peter Bilt, now Freightliner, is kind of the mystery in the rough here with regard to them being very forward in going to market with the Peter Bilt chassis. But there was one specific thing of extremely interesting nugget I just about fell off the couch when I heard it with regard to the actual devoted line from the OEM that was actually devoted to the prospects of getting highly on closer to integrating to the OEM process. We'll talk about that during the long video as well. When we get into those highlights that I was able to pull, that I have to share with the audience because unfortunately, aside from a few really, really good content creators out there that have provided information, I've failed to hear those interpretations of the information that I heard. Acquiring the Carnot generator will always go down as being a key milestone in my mind in 2022 for the company. Carnot is going to fit into this equation incredibly well. There was a call during the Q&A question to suggest that if you're partnering with Heizen, which was one of the big key takeaways from the call, why do you need Carnot? And Thomas Healy did a fantastic job of explaining that the Carnot generator is absolutely gonna pay dividends down the line once that iteration has been put to the test. Now that iteration of the Carnot ERX is going to be showcased at the ACT Expo coming up here in late June, which I thought was another just fantastic piece of news that was released, built out the leadership team and grew the workforce. This is something that I've always earmarked as being a huge positive for Heilion and their ability to grow the team. Jay Craig added to the board in replacement of Mr. Ed Olcala, who was a founder in the company who did pass away in late 2022. That was also brought up on the call as well. So Jay has stepped into that position as appropriate, expanded the relationships with Cummins and Peterbilt. It doesn't get any more vague than that, but I would highly encourage you to take a detailed read on each of these tidbits of accomplishments because the step in the direction and collaborating with some of these major players, I mean, these are heavy hitters in this place is not to be understated. And finally, the HyperTruck ERX powertrain included in the Inflation Reduction Act, the CARBS ACT mandate and the CARBS ACF mandate. There was a tidbit that was offered by Thomas Healy on this that I'm also gonna talk about and expand upon in my long video with regard to the government's posture to extensions and potential waivers from these proposals. And this was a key takeaway that nobody has talked about from the call. And this is why I put out my content because I feel like I'm a subject matter expert on Hylian. And I listened to the conference remarks based on the due diligence that I've already done on the company. And this is an absolutely huge piece of information. And it's aligned with what I have expertise on with regard to rollout of new regulations as they pertain to industry. And it is the same application, no matter what application it is, major systems, no matter what it is, as long as there is availability of the product, the government will not allow for extensions to be awarded and allow companies to continue to wag their intentions down the line and use the excuse that there's not a product that is available on the line. This forces the consumers of these products to force out the available, to shop out the available options in the marketplace, my friends. The Hyper Truck ERX is that option. And I am calmly telling you, this was a huge, huge takeaway from the call this time around as we step into 2023 and 2024 over the next couple of years, it earmarks a transformational focus getter on what Hylion brings to the table and what companies are going to be forced to have to look at and they will not be acknowledging any type of extensions beyond the ACT, ACF mandate dates and it forces companies to have to look at those available options now in the marketplace. No need to spend a whole lot of time with this for the Hylion investors that have covered the company for a while. They've known since late 2021, this has been rolled out and it has been doubled and tripled and quadrupled down on by the CEO, Thomas Ely with regard to tracking the progress. I can't dispute the progress that's being made by the company and it has to be acknowledged that their own independent determination of the milestones that are necessary for the company in progressing along their timeline has absolutely been met and I give them full credit for doing this. Whether or not it renders them to a better place in a way of generating revenue and sales and really making an impact is yet to be seen here. We're on the early stages of stepping into that and the next two final check boxes in this are to expand the fleet trials which should happen in the first half of this year and then completing the CARB, NITSA and EPA certifications for over the road commercial transportation. That will be huge in taking us from a pre-commercial product to a post-commercial type of eligibility to start production and then final the stage there where they're gonna enter into the final stages of production. Calm before the storm here as far as the order backed, I think what it needs to be focused on is the deep size of these fleets. These are preliminary orders and the question is, are they going to fill these 210 which I've declared in above slides that they're gonna fill these orders with success but what it could mean for the future in not only filling these orders but having follow-on orders as well. But these are some incredibly big, incredibly diverse fleets setting the stage and really setting the example for stepping into a relationship with highly on an intermediate relationship I might add in the step toward electrification of their fleets. And I think this is just a solidification of the technology that highly on is bringing to bear. I think this represents a willingness of fleets to step into new technology, even pre-commercial viability. And I think the stock market is disconnected and discounting the ability for highly on to succeed with these fleets that are declared to you here. I think that's a big mistake. And the exciting part about the stock market and companies like this that are early on in their inception is that we as individuals, whether it be institutions or retail investors, I'm an independent investor so I don't put myself in any category have the ability to evaluate what we calmly see in opportunity now and allow these opportunities to come to fruition and I'll leave you with this thought. Is it safe to suggest that these 210 orders are going to be filled only to be final relationships with these companies? In other words, is it safe to suggest that these 210 orders are going to be filled with zero expectation of follow on orders from these fleets when we know that the ACT mandates and the Inflation Reduction Act mandates are coming on the line and to suggest that companies are just going to look other where exclusively. Now I think companies are going to look exclusively across the landscape and I'm talking about the heavy hitters, Cummins, some of the larger companies that are offering natural gas solutions out there but if you're suggesting to me that somehow these 210 orders are going to be purchased filled with no interest in a follow on relationship with Hylian it takes more of an imagination in my mind to come to that determination than the one that I come to in that this is just start of the party they're going to fill these orders and they're going to work really hard to solidify their existing relationships and not look to provide this as a first order only to not have the opportunity to grow with these fleets as the mandates become very, very real and the realization that these companies have to continue to augment their fleet with an electrified low carbon type of solution becomes more and more apparent in the marketplace very surprising to me that the certification takes this long you can see the notation there by late 2023 that's what it is I don't typically have any type of sense of urgency with regard to this certification as long as it is inevitable so as long as they're able to achieve each of these categories under each of the federal mandates then I'm good with it and this is something that is being overlooked and quite frankly discounted by the market I think that's also one of many, many, many mistakes that are being applied to this company right now that's being priced at liquidation value as if none of this is gonna come to fruition I think the disconnect is something that I have constantly foot stomped something that I feel like if you are looking to discredit the fact that they are eligible and they will absolutely apply for and be eligible for awarding of these credits that I'm declaring to you now I think that's a huge mistake if you're somehow siding with the market in agreeing that Hylianna somehow gonna go out of business and not be around to seek this inevitable certification that is declared here I've been provided zero reason, zero reason as to why Hylianna does not meet their carbon NITSA certification into the future and I want to differentiate the very fact that I think the stock market now is continuing to presume that Hylianna is a SPAC and will fail like most other SPACs out there have failed and they will fail to meet any of these initiatives that by my estimation is 100% incorrect of an application to a company that will meet these certifications and will be eligible for these credits as declared here on this slide I will not talk too much about the Heizen collaboration I'm very bullish on the news unlike some who have provided some very useful constructive criticism the obvious being around the practices of the company with regard to their SEC obligation and we will see how their trial and their hearing for extended stay on the New York Stock Exchange actually plays out here Hylianna knows not to partner with a company that's going to inevitably go out of business I don't think Heizen goes bankrupt I don't think any of those concerns are viable what I would say is this as it pertains to Hylianna this middle portion here or excuse me the latter portion to the right the hyper truck fuel cell iteration of the product I couldn't be happier because this was the big question mark on my end on how they were going to go about actually fortifying this hyper truck fuel cell iteration of the hyper truck ERX and there was more color added on where the specific application was going to pay dividends and for me it was in the 5-7 space not the class 8 space this was a bridge and interpretation it's my own I would express an interest in you doing your own due diligence in this but there's one specific remark from Thomas Healy that allowed me to extrapolate a regional application especially the Los Angeles area where they are ahead of the curve in eliminating the ICE engine application and the importance of the opportunity that exists in the Los Angeles area and a place where Heizen is actually actively transporting as we speak with their zero emissions type of profile now for you guys that are critical of this information for me specifically meant their opportunity to go from low carbon to no carbon and that might not scientifically be the most justifiable move but politically it's absolutely in the realm of fortifying their product line especially their hyper truck ERX product line along these three verticals and I thought that this was an absolute key takeaway from this closure of 2022 and something that you need to pay attention to going forward so one thing I did not get out of this collaboration is how much capital is going to be put toward this project that for me is the bottom line question Heizen is in real trouble and I have not looked at the financials in Heizen but Healy on has plenty of capital to execute along their timeline what they can't do is help companies struggling execute along theirs now if this is mutually beneficial I'm okay with it I have no reason to believe that it's not going to be mutually beneficial so I'll start there as a baseline but I will be critical on the amount of dollars that goes toward this Heizen collaboration and the existing R&D that needs to happen with the Carnot Generator that's owned exclusively by Healy on so interesting development here I looked at it like I thought that Healy on needed to shake things up and this was absolutely that I don't believe it was something that was short fuse I believe that this was something that was in the makes for a long long time and I do believe that it actually fortifies Healy on's ability to provide a very viable hydrogen fuel cell solution to the marketplace and I'm excited for the prospects of this collaboration I thought the biggest piece from the financials was John Pancer's acknowledgement of the transformation phase from closing down the initial funding book and transitioning to more of a focus on garnering orders and fortifying their ability to internally generate capital I thought that was the biggest piece now for me, them hitting their full year guidance of two million just over that mark was good it is what it is it's not lighting the world on fire by any means the piece here where it talks about and funding other development activities count my attention that's specific to what I feel like potentially might be a little bit more augment from Healy on that I would be comfortable with in the collaboration with Heizen but certainly plenty of cash on the books in the year 2024 and beyond it will be really that impasse of the company's ability to garner orders and really solidify this relationship on the onset on how they're going to drive top line revenue the profits and the margin compression will be very real on the onset the question will be when those margins are able to be expanded upon and actually earmarked as a fundamental metric that we can forecast into future earnings that's going to be the key here and it's not going to be at a time where we're generating a bottom line profit guys it's going to be some time before that I think the stock is showing some real strength here at the $3 range it's been a while since we've dipped down to the lows and I think we've seen the lows I don't think we revisit that the year closure of 2023 and not with the amount of optimism that we have stepping into 2023 and 2024 it just it cannot happen I'd be surprised to see it do I have cash earmarked to step up my current position but I'm not buying the stock right here I'm sitting on my position and I'm happy the share base is already accumulated and it has been for many many months if not years and I'm happy to track the progress going forward as it pertains to the actual stock ownership in this company you can have to pay attention to the evolution of this company on your own don't expect that the company is going to come out and start to light the world on fire with speculation and conjecture they don't do that they've kept their nose clean very well over the last three years in public markets and I can I believe that they'll continue to do that showcasing the Carnot here at the ACT the Expo is going to be cool to see with their focus on innovation and collaboration they've got all kinds of work to do there they've got all kinds of strategic big big monster projects to actually focus on as well as the investor conference that was mentioned there at the end of June so that really concludes the slide remarks and my commentary over the summary in 2022 this will be a little bit shorter of a video to kind of summarize my comments and I'll be coming out with a follow on long video to give a little bit more deep dive and color on some of the remarks that were made during the call so I appreciate you guys and enjoy the content