AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST SpaceMobile first quarter 2023 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 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 AST SpaceMobile's annual report on Form 10-K for the year that ended December 31, 2022, with the Securities and Exchange Commission 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. 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 mission at ASD Space Mobile, there are over 5 billion mobile phones in use today around the world, and yet, Many of us still experience gaps in coverage as we live, work, and travel. On top of this, there are billions of people without cellular broadband who remain unconnected to the global economy. The market opportunity for us is large, and the problem we are solving is important and touches nearly all of us. In this backdrop, AST Space Mobile is building the first and only global cellular broadband network in space to operate directly with everyday, unmodified mobile devices. And this is supported by our expensive IP and patent portfolio. Over the last few weeks, we have made significant steps to confirm our technology, opening new business opportunities. It is now my pleasure to introduce Chairman and CEO, Abel Avalon, who will summarize what we've been up to since our last public update six weeks ago. He will be providing important context for what these activities mean to our company, our partners, and our shareholders.

Welcome to our Q1 2023 key highlights. We have an important quarter here to report. To get us started, we wanted to hit on the key messages for our update today. Number one, we have made history recently, successfully completing the first ever direct voice connection from our BlueWalker 3 test satellite to everyday smartphones, certifying our leading position in the market we invented. It was not just a major achievement, it significantly risks our business and create new important opportunities for us. The success of this first call validate our technology. We now know that we can move forward with our 16 approach confirming the ability to potentially access the over 5 billion mobile devices in circulation. Lastly, the first call expand our potential opportunities to fund our business. including new options that we are always exploring. In short time, since we last spoke, HTS Play Mobile made history. We successfully completed the first ever direct voice call from our BlueWalker 3 test satellite to everyday smartphones, utilizing AT&T Spectrum and using a Samsung Galaxy X22 smartphone and other phones. This was a major technical achievement and the result of years of R&D, hundreds of millions in investments, and backed by an extensive patent portfolio covering over 2,600 patents and patent pending claims. We are proud to have AT&T, one of our close network partners. As you see in this graphic on page five, AT&T has put us in significant historical context, comparing our achievement with the first ever phone call, first television transmission, first transmission of content over satellite, among others. This is truly humbling. We continue strong momentum with the wireless industry. This achievement has allowed for continued strong momentum with the largest players in the wireless ecosystem. Margarita, the CEO of Vodafone, also put our achievement in important historical context versus the first-ever test message sent by Vodafone 30 years ago. And Chris, who runs AT&T Network, echoes historical sentiments. At this point, we had approximately 40 MNOs, mobile network operators, around the globe under preliminary agreement, representing the top leaders in the wireless industry. Some of these relationships are deep, with strong executive support. They are truly in the room with us, helping to bring this technology to reality. And this technical milestone we have just achieved will accelerate our relationships. Implications of this historical technical milestone. So what does this technology milestone mean? It validates our system architecture. There's no need for us to change our approach or redesign our satellites. Specifically, we confirm that no major changes are needed to the design of our Block 1 Bluebird or our technology roadmap. Accordingly, we're ramping manufacturing and material sourcing at our Midland facilities. The successful first call also confirmed that our technology works with everyday smartphones, the phone that you have in your pocket. We also confirmed our ability to integrate with existing wireless ecosystems, including Spectrum. The big question for BlueWalker 3 is what comes next, and that is demonstration of 4G and 5G capabilities for download speed. which were ramping towards and demonstrated that we can support signal strength in line with 4G and 5G speeds. Testing confirms technology ability to work with everyday smartphones and devices. While other architectures will potentially target SOS or text-only features or require additional hardware to potentially work, We're building the first and only system that will use low Earth orbits, satellites to connect to cell phones you use today at broadband speeds. Our technology is designed to work with the over 5 billion phones in circulation on carrier spectrum and without any modification to the phones, without requiring any special frequencies, app, or chipsets. Our plan is that you can simply download or dial without any intermediate steps. This gives us access to the $1.1 trillion wireless industry. This is truly game changer. In a market we believe we had a very significant first mover advantage. Now moving to the update on industrialization of our patented technology. First, I'm glad to report that our production for our next five Block 1 satellites are on target for a Q1 2024 launch. When it comes to the manufacturing of our satellites, we have production up and running at our facilities in Midland, Texas. The pictures on this page are Site 2, our second production site, and represent a look at some of the initial manufacturing underway for Block 1. We remain on track for the planned launch of five Block 1 satellites in Q1 2024. Now let's talk about our technology roadmap, which is designed to be a stage, and as we build and design new advanced satellite architecture, we're continuously improving both our unique cost per gigabit delivered to end user, but also we improved the capacity that we're able to deliver it into the network. So with BlueWalker 3, we have demonstrated using our current architecture, the ability to connect directly to handsets. With Block 1, there is an improvement of 10 times capacity being able to be delivered as compared with BlueWalker 3. And then there's another 10 times capacity improvement with the Block IIs. So what we see, we are not only improving our unitary cost as we continue to improve our technology, but we're also improving our capacity and our network capacity as we add more satellites. This is thanks to our patented technology, our integrated a vertically integrated approach to build and design our satellites, and also the fact that we own our own software, teamwork, and custom ASICs in order to get to this point. And with that, I move it to Sean to do the financial overview.