AST SpaceMobile, Inc.

Good day, ladies and gentlemen, and welcome to the AST SpaceMobile 3rd Quarter 2021 Business Update Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. The instructions will follow at that time. If anyone should require assistance during the conference, please press star 0 on your touch-tone telephone. As a reminder, this conference call is being recorded. I would like to turn today's call over to Scott with the company. Thank you. Please go ahead.

Thank you, and good afternoon, everyone. This is Scott Wisniewski, Chief Strategy Officer of AFP SpaceMobile. Let me refer you to slide two of the presentation, which contains our safe harbor disclaimer. During today's call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions, and as a result, are subject to risks and uncertainties. Many factors could cause actual events to differ materially from the forward-looking statements on this call. For more information about these risks and uncertainties, please refer to the Risk Factors section of AST SpaceMobile's Form S-1, filed in June with the Securities and Exchange Commission, as well as Form 10-Q for the third quarter of 2021 and other documents filed by AST SpaceMobile with the SEC from time to time. Readers are cautioned not to put undue reliance on forward-looking statements, and the company specifically disclaims any obligation to update the forward-looking statements that may be discussed during this call. With that, I would like to introduce Chairman and CEO Abel Avellan and Chief Financial Officer Tom Severson to the call as well. Abel, over to you.

Thank you, Scott. I am really happy to be back with all of you again for our quarterly business update. But before I take you through our technology progress and industrialization, I wanted to spend a few minutes to explain the market opportunity, the tech, for those that are new to the AFP SpaceMobile. Starting with the market opportunity on page three, as I said before, we're chasing a huge market opportunity to connect people everywhere at air, land, and sea. There are over 5.2 billion mobile phones worldwide, and approximately half of the world population do not have cellular broadband on their phones. Turning to page four, here at SpaceMobile, we're building a space-based cellular broadband network that will allow you to connect your regular cell phone, the one that you have in your pocket, directly to space. We're not building this alone. We're building this with industry-leading strategic partners like Vodafone, American Tower, and Rakuten. And our service is designed for use by nearly all cellular subscribers as an add-on, also as their main service from the existing wireless plans. Now I want to move to an update on the industrialization of our technology. and also on how we're doing with Blue Walker 3. There are a lot of exciting things going on with our company, and I'm eager to take you through our progress on both Blue Walker 3 and on the industrialization of our technology. I also want to present to you how we're targeting $6,000 per month by mid-2020. Today, for the first time, we're going to take you through detailed photos of our technology.