AST SpaceMobile, Inc.

Good day, and thank you for standing by. Welcome to the AST SpaceMobile fourth 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 host today, Scott Wisniewski, Chief Strategy Officer of AST SpaceMobile. Please go ahead.

Thank you, and good morning, 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 ASC Space Mobile's annual report on Form 10-K for the year that ended December 31st, 2022, with the Securities and Exchange Commission and other documents filed by AFP 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 our missions, 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. With this, AST Space Mobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile phones 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. With that, it is my pleasure to now pass it over to Chairman and CEO, Abel Avalon.

Thank you, Scott. Good morning, everybody. Very glad to be able to tell you what has happened since our last call. Before I start, I want to remind everybody that we're currently operating the first and only satellite designed to deliver space-based solar broadband with the largest ever communication array deployed commercially in low-dead orbits. It's a monumental achievement. We're very proud of it. We're also currently testing BlueWalker 3, and with the tests that we have done so far, we have successfully validated key technologies to deliver cellular broadband directly to standard unmodified phones. We also have took significant steps to further industrialize our technology with in-house manufacturing of key components and electronics and secure loan services for our next five satellites. And we continue to progress the path to commercialize our services with customers, partners, and regulators on a global basis. Let me take you to page five. With Blue Walker 3, since we have it in orbit, it has orbited the Earth successfully more than 2,000 times. The pictures that you see here are the satellite unfold before its launch. And then in the bottom, you see the satellite unfold on the Earth, and then the satellite falls in space. This is basically around 695 square feet structure flying around the Earth and pointing to the ground at around 17,000 miles per hour. Our ability to manage it, control it, terminally control it and fly it is very important, and that has been a major step in our technology. So where are we with testing in Blue Walker 3? First of all, I'm very happy to announce that the initial test results indicate that the downlink signal strength necessary to reach 5G zero broadband speed can be met with our technology. We also have demonstrated our ability to deploy the largest ever communication array deployed into loaded orbit. We have demonstrated the satellite ability, our ability to fly control and fly our satellite with the array fully deployed with a size of 693 square feet. We have demonstrated our patented technology to validate Doppler and delay compensation, a key component, a key patented component to be able to do 5G speed. And we continue to target to complete cellular broadband speed directly to standard or modified phones. Day seven, update on the industrialization of our patented technology. We continue to invest in our facilities around the globe. We are focusing our facilities in Texas. We have ramped up our initial manufacturing facility, starting with the capability of two satellites per month. ramping up to six satellites per month. And we continue to have two main facilities in Texas in order to produce our flight satellites. Progress on key commercialization milestones. We continue our customer momentum. We have signed seven new MOUs, including Saudi Telecom and SANE. in Saudi Arabia. We also have announced plans to explore potential opportunities to market our services to the military and defense market. We continue to formalize our constellation plans. We have signed an agreement with NASA in order to protect both of our assets by signing the Space Act Agreement. We have secured our launch agreement for our next block one satellite, but also we are in negotiations for our subsequent launches passing our first block satellites. And we're also driving U.S. regulatory framework. We have participated in initial SEC ruling related to supplemental coverage from space, which will allow satellite operators to collaborate with the registered service provider to span coverage to the registered licenses and subscribers. And with that, I want to pass it to Scott. We'll talk about our next key milestones to reach a space set of broadband commercial services.