Sabahat Khan: Great. Thanks and good morning. Just a clarification question. I think just want to tie off the comment in the press release about the $200 million of delayed backlog. I guess should we assume that if the delay hadn’t happened because the revenue would’ve been higher by $2 million for this next quarter, or is that $200 million revenue impact maybe going to be split somewhat in this upcoming quarter and maybe a bit after that? Thanks.
Ryan McLeod: Yes. Good morning, Saba. It’s Ryan. So the $200 million backlog, so like the rest of our projects would be executed over a period of time and call it roughly 12 months, what would’ve been remaining on that program? So I mentioned this earlier, but from our backlog, we typically – revenue in the range of 25% to 30%. And in this case with EV being longer duration programs, it would’ve been more towards the lower end of that.
Sabahat Khan: Okay, great. And then there’s a little bit of discussion earlier on your participation in kind of the nuclear space. I’m just wondering, I guess given the role that you’re playing in some of the elements of whether it’s refurbishment or things like that kind of, are you working on becoming more involved in other parts of it? Like, if new build were to start tomorrow morning, do you have kind of the capacity and the capabilities to get involved? Or is there some R&D and other capabilities that you’re looking to add to maybe partake in this or what seems to be more of like a five, 10, 15-year type runway here for that side of the business. Curious, what capabilities or where you can play today versus maybe three, five years from now?
Andrew Hider: So couple things. First, we like our niche position and we like the value it creates. We are continuing to expand that value creation. And you look at the SMR space that we’re supporting, you look at what we can do on refurbishment, you look at what we can do on decommissioning. And even in areas around new and identifying. So it is an area that says, when we step back, we like the strategic position we are today. We like the opportunities that we can build into. And we can do that both from an innovation perspective as well as really supporting our customers through different technologies. So it’s an area that I would say we’re going to continue to highlight and continue to drive.
Sabahat Khan: Great. And then just one last one, I guess on the EV side, given some of the discussions you’re having within your larger customer here. Are some of the other people – I guess OEMs that were in the pipeline that were doing some test runs or trying out your capabilities, I guess, how the discussions progressing there? Any update on the timelines that those other potential customers are thinking about?
Andrew Hider: No. I would say that the mid to long-term narrative hasn’t changed dramatically. What I can tell you is what we do view is that, the net result – the customers are going to be a bit measured in their pace of investment and really looking at this over long periods of time. That said, when we talk about CapEx spend and focus for CapEx spend, EV is a key priority. And so while the near-term we do view as impacted, and we talked a bit about that. So I don’t need to dwell further. Our customers focused around technology, innovation, profitability being a key focus, and then matching capacity. These are areas where ATS does well and supports in a strong way as far as our capability through digital twin, through making modifications, through really testing and to give you context of digital twin, what it allows us to do.
And there’s an old adage of right, measure twice cut once. Well, with digital twin, we can measure 50x, 100x, 1000x times cut once, and it allows us to do really real time view of what these changes will impact? How it will align around their production launch, and then support their ability to modify change and really minimize impact on their launch. And so our view is, we continue to offer high value in this space. And while it’s certainly going to have some dynamics over the next short-term, you know, quarter two, we’re going to be very focused on offering customers high value through that cycle.
Sabahat Khan: Great. Thanks very much for the color.
Operator: Mr. Hider, there are no other questions. Back to you for closing remarks.
Andrew Hider: Thank you, operator. We look forward to continue to execute on our goal of creating value for our customers and shareholders. Thanks for joining us today. I look forward to speaking to you on our year end call in May. Stay safe and goodbye for now.
Operator: This concludes today’s conference. You may now disconnect.
