Operator
Good day, ladies and gentlemen, and welcome to the COMPASS Pathways fourth-quarter 2020 conference call. [Operator instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today s conference, Steven Schultz, senior vice president of investor relations. You may begin.
Steve Schultz
Senior Vice President of Investor Relations
Thank you, operator, and welcome all of you, and thank you for joining us today for our fourth quarter and full-year 2020 results call. This is Steve Schultz, senior vice president investor relations at COMPASS Pathways. And today, I m joined by George Goldsmith, chairman and chief executive officer; and Piers Morgan, chief financial officer. George will begin today s call with a business update on our recent progress.
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CHRIS HUBBUCH
As record-breaking cold swept across Texas this week, millions of people were left shivering in the dark as the stateâs power grid failed to meet the surging demand for electricity, crippled by temperatures in the single digits.
So why does the power continue to work in places like Wisconsin, where bitter cold is a way of life? The reason is simple: Generators in the Upper Midwest are designed to work in frigid conditions, unlike those in Texas.
âWe designed all our infrastructure for these bitter-cold temperatures,â said Paul Wilson, a professor of nuclear engineering at UW-Madison who studies electrical systems.
Built for cold, Wisconsin grid hums along in temperatures that crippled Texas kulr8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kulr8.com Daily Mail and Mail on Sunday newspapers.