AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST SpaceMobile first quarter 2022 business update call. Please be advised that today's conference is being recorded. 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. 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 ASD SpaceMobile's Annual Report on Form 10-K for the year that ended December 31, 2021. with the Securities and Exchange Commission and other documents filed by ASD 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 our new Chief Financial Officer, Sean Wallace, to the call as well. Abel, over to you. Thank you, Scott.

For those of you who may be new to our company, I want to take a few minutes to explain our mission and what is actually what we're doing. ST SpaceMobile is building the first and only Global cellular broadband network in space to operate directly with standard unmodified mobile devices based on our extensive IP and patent portfolio. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's 5 billion mobile subscribers and finally bring broadband to the billions who remain unconnected. We believe this to be a very large opportunity and allowed us to participate in the one trillion annual wireless service market. While it has been only a short six weeks since our last public update, we have made strong progress and I would like to take you through that now. Turning to slide four, technology and industrialization update. We are on target for our planned Blue Walker III summer launch. In preparation for this milestone, we have completed over 700 Blue Walker III tests to date. Once in orbit, we are expected to test cellular broadband globally with participating cellular operators in the U.S., Japan, Europe, Africa, South America, and Asia. This effort will be supported by ground control centers in Maryland, Colorado, and Australia that are being ready to support Blue Walker III post-launch operations. We're also putting in place ground stations and approvals to support the planned Blue Walker III summer launch, including the FCC experimental license, which was recently granted by the FCC. We are on target for the completion during 2022 of our Extension Production Facility in Texas to support our target of up to six satellites per month. We had increased to more than 2,300 patent and patent pending claims supporting a strong and expanding competitive advantage. Turning to slide five, business update. We have successfully added a new MOU with Globe Telecom, an operator in Philippines with 86.8 million subscribers. We then, we have now more than 1.8 billion subscribers represented by mobile network operators with whom we have agreements and MOUs. We recently received an FCC experimental license for Blue Walker 3, space to ground testing in the United States, using 3GPP low band cellular spectrum and QRB band frequencies. And also recently we had added a 75 million committed equity facility with B Rally that provides AST with the right but not the obligation to raise equity capital over the next 24 months. Before I hand it off, I wanted to thank our retiring CFO, Tom Severson, for all his time and effort building SpaceMobile over the last five years. We have worked over the last six months to find the best partner for the next phase of growth to the company. And I'm now happy to introduce Sean Wallace, our incoming Chief Financial Officer. He brings to the team deep telecom financial and capital market experience to be added to the team to support our future growth. With that, let me transfer to Sean.