AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST SpaceMobile third 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 the AFT Space Mobile Annual Report on Form 10-K for the year that ended December 31, 2021. with the Securities and Exchange Commission and on other documents filed by ASP Space Mobile 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 the call. Also, after our initial remarks, we will be starting our Q&A section with questions submitted in advance by our shareholders. Now, referring to slide three, for those of you who may be new to our company and mission, There are over 5 billion mobile phones in use today around the world, but many of us still experience gaps in coverage as we live, work, and travel. In this backdrop, AST Space Mobile 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 portfolios. Our engineers and space scientists are on a mission to eliminate the connectivity gaps they cite today's 5 billion mobile subscribers and finally bring broadband to the billions who remain unconnected. Since our last quarterly business update, we have made strong progress, including the achievement of several critical technology milestones. It is my pleasure to now pass it over to Chairman and CEO Abel Avalon, who will take you through that now. Abel?

We announced this morning I am super excited to report that Blue Walker 3 successfully unfolded its 690-square-foot array in full. And this satellite is operating normally in its new deployed configuration. Why this is extremely important. First, large space-based arrays are the key technology that support direct-to-phone broadband connectivity from space. In order to provide broadband to regular phones from space, we believe large-phase arrays are the key and essential technology necessary for this type of communication. Now we are the first and only company that has mastered not only how to build them at low cost, but also how to fly them in low Earth orbit at approximately 17,000 miles per hour, which we think it is critical for the capability to connect to regular phones as they fly. Second, the years of R&D And hundreds of millions invested in this technology are starting to fail, and they have now resulted in a deep portfolio of IP of more than 2,600 patent and patent-pending claims. Third, the successful execution of the unfolding of a 692-square-feet array designed for cellular broadband communication validated key aspects of our satellite design and paved the way for us to build our next batch of satellites. We plan to incorporate these essential learnings an improvement not only in how we build them at a lower cost, but also how we fly them in space. That can only be achieved by actually going through the complete process of building and flying in orbit. This is a process with this achievement we consider substantially complete. Fourth, our patented satellite architecture is fundamentally different approach to the one taken by legacy satellite industry. Now we have invented, patented, built, and flown a new satellite architecture that now we own and one we think will change what has been possible to do with satellites up to this point in terms of capability and cost. Fifth, this architecture proves that we have the capability to build, fly, and operate the largest commercial communications array, the key enabler to provide direct to regular cell phone connectivity from space. an extremely large market where we have a clear technological and timing advantage as it relates to our planned cellular broadband network for InSpace. This step of successfully unfolding the system we consider the major risk factor for our technology and a proof of our solid architecture. Now we look forward to continue our collaboration with MNOs around the world, including Vodafone, AT&T, Rakuten Mobile, Bell Canada, MTN Group, Orange, Telefonica, Getisa Lab, Indosat, Smart, Globe Telecom, Millicom, Tespransnet, Telecom Argentina, Telstra, AfriCell, and Liberty Latin America, among others. And with that, I'm happy to pass it to Sean.