AST SpaceMobile, Inc.

Good day, and thank you for standing by. Welcome to the AST SpaceMobile second 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 Space Mobile'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 Space Mobile with the ICC 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 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 everyday smartphones 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. finally bring broadband to the billions who remain unconnected. The markets we are pursuing are massive, and we have a significant first mover advantage. It has been an extremely active and productive few months since the last quarterly update call. As our chairman and CEO, Abel Avalon, will discuss, we have continued to make significant progress on technology, manufacturing, commercial, and regulatory fronts. and very importantly, with regards to funding our growth strategy. It is my pleasure to now pass the presentation over to Abel.

Thank you, Scott. I would like to welcome everybody to our Q2 2023 earnings call. We have had a very busy quarter, and I would like to provide you with an update on our progress. On our Blue Rocket 3 program, we made history again in June with the first-ever space-based cellular broadband 4G LTE connection directly to everyday smartphones with speeds above 10 megabits per second. This was done in collaboration with AT&T, Vodafone, and Nokia and follows this historic announcement in April of the first-ever voice call directly from space. We also continue to advance our commercial initiatives now having over 40 MOUs and agreements in place with MNOs globally that have around 2.4 billion subscribers. On the manufacturing front, we're focused on our efforts to build and launch our first five commercial Bluebird satellites and our ramping production in our Midland, Texas facility. This satellite program is fully funded and is planned to launch in Q1 2024. On the financing front, I'm happy to announce that we are close to entering non-diluted debt financing alongside our efforts to raise capital from players in the wireless ecosystem, as we discussed in our last quarter. Lastly, on the back of the progress of our company, technically, commercially, and industrially, we have received multiple indications of interest from strategic investments with both equity-linked and non-diluted commercial payments. Proceeds from this capital raise is intended to fund our operations through the launch of our initial Block II satellites target for 2024 and 2025. Now moving to page five. We have made history again on our 4G capabilities, and we continue to define the direct-to-device industry. And we are the first and only company that plans and has demonstrated the capability to offer a space-based cellular broadband that can scale in the future. Thanks to our comprehensive portfolio of IP with over 2,600 patents and patent-pending claims, the size of our satellites, and our vertically integrated manufacturing strategy that includes one of the largest manufacturing facilities for satellites in the United States. Again, I am humbled to see the public statements by our partners, who represent the largest and some of the most important and sophisticated companies in the telecommunications industry, celebrating with us these historic achievements. AT&T, Vodafone, and Nokia were our partners on 4G testing this quarter and were greatly appreciative of their continued support. We're chasing a very large opportunity based on the fact that there are more than 5 billion phones in circulation today. Our testing has demonstrated the ability to connect with every phone from all major brands, which maximize our access to this very large market. Moving to page six, now turning to our commercial regulatory process, progress. We now have over 40 MOUs and agreements with MNOs globally that have around 2.4 billion subscribers. Our MNO partners are working closely with us, sharing in our collective success. The telcos we're working with globally represent the leaders in the wireless industry, and we are proud to have established our footprint with such a great partner. We also continue to advance our regulatory efforts, updating our SCC application to reflect the spectrum list ongoing with AT&T. Our conversation with the SCC continues to be constructive and supportive of our plan. Moving to manufacturing, on page seven, we're ramping the manufacturing of our first five Block 1 satellites in our facilities in Texas. We have completed construction of our 185,000 square foot manufacturing facility, which we believe has one of the largest commercial clean rooms in the United States. We recently conducted a full manufacturing readiness review. You saw some of this activity in the video we released early this month, which you could find on our web page or YouTube channel. And let me summarize some of the progress we reviewed. Nearly all the equipment in our state-of-the-art clean room manufacturing facility in Midland, Texas, is delivered and installed. Our manufacturing process and production lines are completed and fully implemented for Block 1 with many opportunities for further automation as we progress into Block 2 program. We have set up a new production line from solar panels, power systems, mechanical structures, and antennas. implementing our strategy of being vertically integrated manufacturing. We also have installed additional test equipment to our Texas facilities, which will improve our timing from assembly to launch when compared to Blue Walker III. Lastly, in our Texas facility, we have completed a part-by-part traceability system for quality control as every part on the build of the site can be tagged and tracked. On a separate note, I'm very happy to announce that we have inaugurated a new space technology development center, an R&D center, in our HOP facility in Hyderabad, India. They will help us access one of the largest wireless markets globally and provide access to an incredible engineering talent, including the 1.5 million engineers that graduate every year in India. With that, I want to pass it on to Shona.