FREYR Battery (NYSE:FREY) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET

Company Participants

Jeffrey Spittel - Vice President, Investor Relations

Birgir Steen - Chief Executive Officer

Jeremy Bezdek - EVP of Corporate Development and President, FREYR Battery US

Oscar Brown - Group Chief Financial Officer

Conference Call Participants

Adam Jonas - Morgan Stanley

Tyler DiMatteo - BTIG

Gabe Daoud - TD Cowen

Jose Asumendi - JP Morgan

Operator

Thank you for standing by. My name is Jessica and I will be your conference operator today. At this time, I would like to welcome everyone to the FREYR Battery Third Quarter 2023 Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Jeff Spittel, VP of Investor Relations. Please go ahead.

Jeffrey Spittel

Hello and welcome to FREYR Battery's third quarter 2023 earnings conference call.

With me today on the call from are Birgir Steen, our Chief Executive Officer; Oscar Brown, our Chief Financial Officer; Jan Arve Haugan, our Chief Operating Officer; Jeremy Bezdek, Executive VP of Corporate Development and President FREYR Battery US.

During today’s call, management may make forward-looking statements about our business. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expectations. Most of these factors are outside FREYR’s control and are difficult to predict. Additional information about risk factors that could materially affect our business are available on FREYR’s S-1 and annual report on Form 10-K filed with the Securities and Exchange Commission, which are available on the Investor Relations section of our website.

With that, I'll turn the call over to Birgir.

Birgir Steen

Thanks Jeff and hello to everyone, for joining today's call. We'll start today with an overview of what we believe is FREYR compelling equity story where value propositions based on the premise that electrification is both inevitable and reliable mass deployment in batteries. But in today's higher-for-longer cost of capital environment, the companies who will emerge as the next leaders of the energy transition, must balance growth aspirations with rigorous financial discipline.

Our team at FREYR is unified in that vision of the business and we're committed to build upon a unique competitive position with that approach. With that in mind, we're excited about the opportunities we have to establish FREYR as a leading developer and scaler of battery technologies across the energy storage and electric mobility sectors. Tesla asserted earlier this year, the long-term growth potential in our core markets is profound and aligned with decarbonization initiatives. Western Energy Security that a plummeted public policy highlighted by the Inflation Reduction Act in the US.