AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST SpaceMobile fourth quarter 2021 business update call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, Please press star zero. I would now like to hand the conference over to your speaker today, Scott Wisniewski, Chief Strategy Officer of AST SpaceMobile. Please go ahead.

Thank you, and good afternoon, everyone. This is Scott Wisniewski, Chief Strategy Officer of AST 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 10-K for the year ended December 31, 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 on this call. Also, after our initial remarks, we will be starting our Q&A section with questions submitted in advance by our shareholders. 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.

Thanks, Scott. This business update marked our first year as a public company. For those new to ASD SpaceMobile, I would like to summarize some key achievements and remind you about some of our fundamentals. We're chasing a huge market opportunity to connect people everywhere at air, land, and sea using our patented space-based cellular broadband technology. There are approximately 5.3 billion mobile phones worldwide, and the wireless service market generates over $1 trillion of our annual revenue. And according to GCMA, approximately half of the world population do not have cellular broadband. Our partners are industry-leading global companies like Vodafone, American Tower and Rakuten, indisputable leaders in the industry where we participate. We believe that our service is going to be indispensable and we think that broadband connectivity is a human right that allows access to knowledge and information to the masses on a global scale. By the way of a quick update, we are on schedule for the planned launch of Blue Walker 3 this summer. We now have agreements and MOUs with mobile network operators which represent over 1.8 billion subscribers. We now have over 2,100 patent and patent-pending claims. And over the last few months, we have achieved major milestones for the industrialization of our technology, including the acquisition and development of our 100,000 square feet second facility in Texas, together with our current 85,000 square foot headquarters. This facility increases our overall manufacturing space in Texas for a total of 185,000 square feet. We are now on a mission to industrialize our technology to allow the space-based cellular broadband connectivity to be available everywhere. Now moving on into Blue Walker 3 updates. Let's start with a little more detail on Blue Walker 3. The satellite is on schedule for our planned summer launch, and all testing and integration are near completion. What is left for us is to store and pack the satellite into its final configuration after the final RS testing is completed at our Midland facility. What you see in this picture is Blue Walker 3 flying microbes preparing to enter final RF compatibility test. Past the launch of Blue Walker 3. Turning to page five. Prior to the final environmental test, we will need to stow and pack the spacecraft for the last time. This process involves stowing, a 693 square feet phase array into a cube that fits into our launch vehicle adapter, which is then mounted into the Falcon 9. The process of storing our satellite is an engineering challenge that has taken the company over two years to solve and test. After the last environmental test is completed, A process that we expect will take approximately four weeks. We plan to perform the final inspection on the spacecraft prior to moving it to Florida for launch. After two years of hard work and over 2,100 patent and patent pending claims, the company is confident it has created many of the key processes designed to enable our cellular broadband system from space.