Rob Brown: Okay, great.
Operator: The next question comes from Chris Dendrinos with RBC Capital Markets. Please go ahead.
Chris Dendrinos: Hi. Yes, good morning, and thanks for taking the questions. I guess I just wanted to go back to that last question and maybe ask it a little bit differently. I guess I understand that you can’t really provide too much detail on price renegotiations with the OEM customer. But maybe just thinking about the impact holistically on the OEM segment, how should we think about contribution margins on the HPDI sales kind of going forward? Does this really put you in a place where that at current volumes it’s kind of contributing more meaningfully? Or are you still kind of in a situation where volumes really need to come up a lot more before, I guess, margins can really be accretive?
David Johnson: So, Chris, thanks for the question. Fundamentally, I think it’s important to say every system we sell is accretive to the bottom line today with HPDI. But fundamentally, what we do want to see is kind of a bit of a chicken and egg problem. We want the volume to be high so that we can get the economies of scale that get the costs down so that our customer can sell those high volume, and we can offer them a price that’s attractive in the marketplace. And we can have a margin that is beneficial to our shareholders and the bottom line of our company. So, that’s the generic textbook, let’s say, playbook for our business and what we’re coming out of right now with the low volumes due to the higher prices last year.
And so, we’re looking forward to the higher volumes and the ability to offer customers the product that has an attractive price. In the meantime, we will work with our lead customer to make sure that we work through this and do so in a way that’s good for both parties.
Chris Dendrinos: Got it. Okay. I guess maybe just shifting gears a little bit to IAM business. You have some, I guess, a good growth potential here in the back half of the year. And kind of thinking about that win for that, I think Euro 6 business, how should we think about the margins of that new win in relation to where you’re at kind of today at around 20% margins? Is that business sort of in-line with where you’re at today?
David Johnson: So, for that business you know we’re real excited about the launch in Q4 and really, not just the launch but the fact that we’ve learned also the follow-on business to keep going and grow that business as a function of time with this new first customer. So, that’s a very important business. In terms of margins, we do see it, I would say, more in the kind of standard range than something that’s exceptionally high or low. So I think it’s fair to say that.
Chris Dendrinos: Got it. Thank you.
Operator: The next question comes from Amit Dayal with H.C. Wainwright. Please go ahead.
Amit Dayal: Thank you. Good morning, everyone. Just quickly on sort of the hydrogen components pipeline, David, this was around $100 million when you – in the last conference call. Has any of this started converting into orders yet?
David Johnson: Yes. So, thanks for the question, Amit. Good to hear you this morning. Our hydrogen business is really a great growth story for the company, but I would say we’re still in the early stages. So, when I talked about previously the $100 million of new business that we secure, this is really all, I would say, in our future still. So, the growth we’re having today is the sales of our current 350 bar systems and components in North America and China primarily. And meanwhile, because of the push around the world on hydrogen, we’re just fielding a tremendous amount of inbound RFQs and project requests from customers in basically every geography, Europe, North America, Japan, really around the world. Everyone recognizes that hydrogen is an important field for the future for many modes of transportation.
