AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST Space Mobile third quarter 2024 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, president of AST Space Mobile. 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 31st, 2023, with the Securities and Exchange Commission and other documents filed by AST Space Mobile and the SEC from time to time. Also, after our initial remarks, we will be starting our Q&A section with questions submitted by our shareholders. 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. Additionally, there are billions of people without cellular broadband and who remain unconnected to the global economy. The markets we are pursuing are massive, and the problem we are solving is important and touches nearly all of us. In this backdrop, AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with everyday unmodified mobile devices and supported by our extensive IP and patent portfolio. It is now my pleasure to pass over to Chairman and CEO, Abel Avalon, who will go through our activities since our last public update.

Thank you, Scott. The last few months have been truly amazing for AST SpaceMobile. We launched and successfully deployed our first five commercial Bluebird satellites into low-dead orbits, each one of them the largest commercial phase array ever launched into LEO. We have accelerated our government and commercial initiative as we become operational, and we have secure additional launch capacity for up to 60 satellites to start providing continuous service in the U.S. and other key global markets. Our Block 1 Bluebird satellites are now ready to become operational. Their sheer size and capacity is a unique advantage and a clear differentiator for our network ability to deliver cellular broadband coverage globally. In the United States, we plan to do this with more than 5,600 cells on premium low-band spectrum, targeting close to 100% nationwide coverage supported by our initial five satellites on a non-continuous basis. The ability to successfully unfold these largest ever satellites is rooted in our innovative design and our 95% vertical integration strategy, which is supported by our deep and extensive portfolio of patents in the field of direct-to-device, a market that we pioneered and invented. With our Block 1 Bluebird in orbit, we're now moving forward with the ongoing integration with our partner networks. In the United States, we also filed our Spatial Temporary Authority request with the FCC, where we plan to begin beta services in the United States for AT&T and Verizon. Our partners will have the full capabilities of our satellites on a non-continuous basis across all United States and other key markets globally. On the ASIC front, we achieved initial validation of our novel AFT 5000 chip. These represent a competitive advantage developed over five years, equivalent to 159 years and approximately 45 million of development costs. Our next-generation Block 2 Bluebird powered by our ASIC are expected to support up to 10,000 megahertz of processing bandwidth, a 10-time improvement of our current processing bandwidth from each Block 1 satellite. Today, we're also announcing new launch service agreement with Blue Origin and SpaceX. for the launch of up to approximately 60 satellites from the Cape Canaveral-Florida Space Force Station during 2025 and 2026. With new agreements in place, AST SpaceMobile has secured launch capacity to ultimately deliver continuous space-based cellular broadband service coverage in key markets, including the United States, Europe, Japan, the U.S. government, and other strategic markets globally. launch vehicle, New Glenn, offers a seven-meter fairing enabling twice the payload volume of five-meter class commercial launch systems, as it's well suited to launch up to eight of the largest ever Block II satellites. The New Glenn launch vehicle is planned to become operational this year. Alongside Blue Origin and SpaceX, we're also planning our next launch with ISRO out of India. who we previously used for the launch of our Blue Walker One. Taking all together the launch agreements with these three providers, and likely others as well in the future, give us increased confidence that we can achieve our network deployment goals. Additionally, we have recorded several new wins in the government business. we added three new contracts award with the U.S. government, including being selected by the Space Development Agency to complete directly as a prime contractor. Scott will discuss this in more detail as well, but being selected to participate as a prime contractor for government program is a significant achievement for AST Space Mobile, and a validation of our strategy and dual-use technology that could enable a variety of government use cases. With our successful launch, commercial and manufacturing progress, you can see that a lot of the key pieces of operationalizing the AFT Space Mobile Network are now in place. I am incredibly proud of the tireless effort for our team and our partners, particularly over the past several months, getting us to this critical point, which is A step we move closer to achieve our mission of connecting the unconnected. I will now pass to Scott to provide more detail on our commercial regulatory progress.