SES AI Corporation (NYSE:SES) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET

Company Participants

Eric Goldstein - VP, IR

Qichao Hu - Founder and CEO

Jing Nealiss - CFO

Conference Call Participants

Shawn Severson - Water Tower Research

Operator

Good afternoon. Thank you for attending today's SES AI Corporation First Quarter 2022 Earnings Call. My name is Amber and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions]

I now have the pleasure of handing the conference over to our host Eric Goldstein, Vice President of Investor Relations with SES. Mr. Goldstein, please proceed.

Eric Goldstein

Thank you, operator. Hello, everyone and welcome to our conference call covering our first quarter 2022 results and outlook for the year. Joining me today are Qichao Hu, Founder and Chief Executive Officer; and Jing Nealiss, Chief Financial Officer.

We issued a press release just after 4 P.M. today detailing our financial results. You'll find press release and today's conference call webcast in the Investor Relations' section of our website ses.ai.

Before we get started, this is a reminder, the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. Such statements involve certain risks, assumptions, and uncertainties, which may cause the company's actual or future results and performance to be materially different from those are expressed or implied in these statements.

The principal risks and uncertainties that could cause our results to differ materially from our current expectations are detailed in our latest earnings release and in our SEC filings. This afternoon, we will review our business as well as results for the quarter. We'll then provide some milestones we are looking to achieve over the next 12 months.

With that, I'll pass it over to Qichao.

Qichao Hu

Thank you, Eric. Good afternoon everyone and thanks for taking the time to join our first earnings call. Its been a very busy and exciting time for our company. In early February, we completed the merger with Ivanhoe Capital Acquisition Corp., and started trading on the New York Stock Exchange. The merger resulted in a total cash position of $426 million at the end of first quarter. This event was the culmination of a 10-year journey that began in the basement of a Building Four at MIT and I believe the best is yet to come.