AST SpaceMobile, Inc.

Good day and thank you for standing by. Welcome to the AST SpaceMobile second quarter 2025 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 SpaceMobile. Please go ahead.

Thank you and good afternoon, everyone. Today, I'm also joined by chairman and CEO, Abel Avalon, and our chief financial officer, Andy Johnson. 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, 2024, Form 10-Q filed with the SEC on May 12th, 2025, and Form 10-Q filed with the SEC on August 11th, 2025, all with the Securities and Exchange Commission and other documents filed by AST Space Mobile with the SEC from time to time. Also, after our initial remarks, we will be starting our Q&A section with questions submitted in advance 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, ASD Space Mobile 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 my pleasure to now pass over to Chairman and CEO, Abel Avalon, who will go through our activities since our last public update.

Sanjay Scott, the second quarter was one of our most productive quarters ever for AST SpaceMobile. We know our progress to date across many important areas, including manufacturing, regulatory, commercial, and government efforts, capital raising, and readiness for intermittent nationwide service in the United States by the end of this year. Just three months ago, I highlighted that the company had reached an inflection point as we progressed towards scale commercialization of our network. Since our first quarter conference call, we have made significant advances in our commercialization initiative, while continuing to secure highly valuable spectrum, creating a further barrier of entry when combined with our portfolio of over 3,700 patents and patent-pending companies. claims. This progress comes as we continue to improve our manufacturing program, including the chipping of the largest satellites ever created for low-death orbits. I am increasingly confident in our direction, strategy, and position in the growing direct-to-device cellular broadband market that we created. I want to cover several updates, including highlights of the past few months, before Scott and Andy discuss the details. As of today, we have completed the assembly of microns and phase arrays for eight Block II Bluebird satellites, in addition to six we currently have in operation. And expected to complete assembly of approximately 40 satellite equivalents of microns and phase arrays by early 2026. Our differentiated approach to satellite manufacturing with 95% vertical integration, remains on track to reach a manufacturing cadence of six satellites per month during 2025. And now globally, we will soon have a manufacturing footprint with over 400,000 square feet of manufacturing space, supported by a great team of over 1,200 global workforce. We currently anticipate at least five orbital launches by the end of Q1 2026, with orbital launches occurring every one to two months on average to reach our goal of 45 to 60 satellite launches during 25 and 26, which will drive continuous coverage in key markets such as the United States, Europe, Japan, U.S., and other strategic markets like the U.S. government. Regarding our orbital launch campaign, FM1, our first next-generation Block II Bluebird satellite, will be ready to chip in August. We're working with our launch provider on determining the earliest possible launch date. A detailed cadence of our 2025 and 2026 deployment plan is now shown in the accompanying quarterly presentation found on our IR website. Our Block II Bluebirds are approximately three and a half times larger with 10 times capacity as compared to our Block 1 Bluebirds. We previously held the record for the largest ever commercially deployed communication satellite ever put in loaded orbits. This means our phased array or antenna has much larger surface area than before, enabling our satellites to digitally form more cells over air surface with pinpoint precision and reduced interference. As a result, we need far less satellites to achieve our goal of connecting the unconnected. Approximately 45 to 60 satellites for continuous coverage in key markets and approximately 90 satellites for continuous global coverage. This compared with other systems that need tens of thousands of satellites, and even then, we believe our superior technology, deep partner checks, access to low-band and premium-band spectrum and commercialization strategy will enable a better experience and deliver greater value to customers. For AST SpaceMobile, providing native cellular broadband capability at scale is a function of the number of Bluebird satellites in orbit. As we have laid out a strong launch cadence to match our connectivity goals, our satellites provide native cellular broadband capability directly to modified satellites mobile devices, including voice, text, data, and video. As consumers, this means broader cellular coverage, lower latency, and better signal quality as you leave work and travel. These capabilities have been proven multiple times in partnership with our MNO partners. Simultaneously, we are continuing to bring together a network of MNO partners that is second to none. Our commercial ecosystem, which includes agreements and understanding with over 50 MNO partners with nearly 3 billion subscribers globally, represents a robust network of potential space mobile service consumers. As our commercialization and manufacturing initiatives advance, we're laying the groundwork for commercial services with activations in key partner markets. We're preparing to deploy nationwide in terms of service in the United States by the end of this year with our U.S. M&O partners AT&T and Verizon, followed by the United Kingdom, Japan, and Canada in Q1 2026. We also completed key milestones from our U.S. Army Contract Awards and continued strong regulatory progress on spectrum-related topics. Of note, we demonstrated the first tactical non-terrestrial network or NTN connectivity over standard mobile devices with participation from multiple branches of the U.S. Armed Forces. Our cellular spectrum study has also been significantly enhanced. We recently announced an agreement to acquire 60 megahertz of global S-band spectrum priority rights held under the International Telecommunication Union. These spectrum priority rights provide us with paths to offer services in the spectrum band around the world, subject to country-level regulatory approvals. Access to S-band spectrum rights complement our Plan L spectrum strategy in the U.S. and Canada and enhance our core 3GPP spectrum strategy that we deploy globally. Together with our network operator partners, we are in a position to expand subscriber capacity by offering the vast majority of countries around the world the full AST space mobile network capabilities, enabling a true broadband experience directly from space to everyday smartphone. Premium spectrum is both limited, valuable, and gaining factor in achieving commercial scalability. Our strategy to work with MNOs and utilize their existing low-band spectrum while maintaining this capacity with our own spectrum create a durable competitive advantage around our business. Lastly, we're better capitalized than ever before, with over $1.5 billion in cash on the balance sheet, pro forma for our recent convertible node and ATM facility. Through a series of differentiated transactions, we have fortified our balance sheet to build our network and manage our capital structure in a responsible way while we cultivate long-term shareholder value. The first half of 2025 have been keenly focused in advancing satellite production and manufacturing. Our pace of innovation is reflected on the dedicated work, strategic planning, and unrivaled focus driven by our talented team of over 1,200 global workforce. With the achievement of our first Block II Bluebirds, Soon, a subsequent start of our orbital launch campaign, we're moving with precision to scale the number of Blue Bird satellites in loaded orbits and expand our global zero broadband network. This is an exciting time for AST SpaceMobile, and I thank you for your continued support. Let me now turn the call over to Scott to provide more detail on progress and initiative.