 This is the first ever flight using sustainable aviation fuel made from captured carbon dioxide. The novel technology used to make this flight possible is the next big leap in solving one of the toughest problems humanity is facing. Climate change. This technology is being developed as part of XPRIZE Carbon Removal. A hundred million dollar competition where teams from around the globe are incentivized to create scientifically viable, sustainable and scalable carbon removal solutions. Teams like Air Company. We believe that when you merge creativity with technology together, beautiful and powerful things have the ability to happen. And our version of that is utilizing technology to take carbon dioxide and turn it into valuable products that we can then use as part of our solution for our future. Air company imagined that a flight powered by fuel derived from the air itself was possible. Working from a hangar in Brooklyn, New York, their goal is to decarbonize the planet through sustainable innovation like this. They do it using artificial photosynthesis. Our inspiration is mimicked off of nature because the design principles in which nature was built upon and beautiful principles that we want to then take and do in a faster and more efficient manner. Photosynthesis is what we do based upon traditional photosynthesis. But to prove it could work, they started with vodka. So our process starts with renewable electricity. We use that renewable electricity to split water into hydrogen gas and oxygen gas. The hydrogen gas is combined with carbon dioxide and we work together with partners to capture that carbon dioxide from a variety of sources including the air. That carbon dioxide and hydrogen are combined in our reactor over proprietary catalysts and that's kind of our secret sauce. We then take the product of that which is a liquid. That liquid is a mixture of water and paraffins. We take that, separate out the fuel hydrocarbons from that and we get essentially a sustainable aviation fuel product. One of the byproducts of our process is ethyl alcohol. Also known as ethanol is the type of alcohol that you can drink to have a good time. Because of that our first product or our very first product is air vodka. So that product helps us to get traction on our scale to make a real impact which is what we're doing with our aviation fuel. Aviation is responsible for two to three percent of global CO2 emissions and is one of the most hard to decarbonize industries. Air company sustainable aviation fuel will make flights carbon neutral. Commercial production of our jet fuel starts in 2027 and we have off-take from companies like JetBlue and Virgin Atlantic. In the future we're working with different organizations to license our technology so that people can essentially deploy their own systems that use air companies technology. And that's very important because we want to have hundreds of these systems around the world and that's something that we need collaboration and a lot of different groups working together to do not only air company. Air company's technology can be scaled upward in a variety of ways. For us we're really focused on scaling our technology. And the reason why we want to scale our technology is so that we can have the most maximum impact towards decarbonizing our planet. We're going into these areas and we're working with local governments to actually understand what the needs are in those areas and how we can then be a solution or provide a solution to them to help. If you could imagine the ability to modularly deploy a piece of technology like this that could help the fueling of an area in need where we have the ability to deploy modularly, remove carbon dioxide from those areas, just use power in order to do so and then use the output of that system to produce locally so that we're not actually taking fossil fuels in order to create those fuels. Making sure that we're using renewable power in our production process, making sure that the partners that we work with on sourcing our CO2 are sourcing that in a sustainable way, so it's really understanding the whole value chain and making sure that we're controlling that as we scale. By participating in the X-Prize Carbon Removal Competition, air company is showing how their technology can scale up from vodka to the more difficult challenge of jet fuel, a technology that has huge potential. Being a part of the X-Prize community has been incredible for our business, right? You've got a group of individuals or a collective group of people that are coming together to support companies and support individuals that are trying to move the world forward. If air company's technology were to be deployed across all verticals, we could address about 4 gigatons of carbon dioxide, maybe even more. If our technology was applied to every industry vertical that it could be, we'd have the ability to mitigate around 10 to 11% of annual CO2 emissions, so that's billions of tons of CO2 per year, some of them between 4 to 5 billion tons of CO2 per year. For the competition, we're making renewable plastics. Plastics actually have a similar composition to jet fuel. They're both part of a chemical compound called a hydrocarbon. Plastics just have longer carbon chain lengths than jet fuel, which makes them more durably sequester the carbon. The future is endless for our company. We have the ability to change the world in a multitude of industries, and we're going to continue to focus on the industries that we know, but we're also going to go try and tackle the toughest problems as they arise and the ones that we think are coming in the decades to come. We need technology like this, and we need other companies to come out of the work and work on technology like this so we can continue to sustain and live on the planet and hopefully put the planet in a place that is in a better place than it is today because of the work that we've done.