Press release
AST SpaceMobile Provides Fourth Quarter and Full Year 2021 Business Update
MIDLAND, Texas--(BUSINESS WIRE)-- AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular
About this update from Ast Spacemobile, Inc.
[{"type":"text","content":" MIDLAND, Texas--(BUSINESS WIRE)--\nAST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today is providing its business update for the fourth quarter and fiscal year ended December 31, 2021.\n\n“Since our last quarterly business update, our global team has worked diligently to substantially complete the assembly of, and critical testing milestones related to our next satellite, BlueWalker 3. The satellite is on schedule for our planned summer launch and all testing and integration are near completion,” said Abel Avellan, Chairman and CEO of AST SpaceMobile.\n\nMr. Avellan added, “In our first year as a public company, we have achieved important technical milestones to position ourselves for the planned launch of BlueWalker 3, which will bring to a close our initial development phase. In parallel, we’ve advanced our production spacecraft design and procurement, made facility and human capital investments to support high-volume manufacturing capabilities, and furthered our relationships with mobile network operators around the globe.”\n\nBusiness Highlights Through March 31, 2022\n\n\nSubstantially completed the assembly of, and critical testing milestones for BlueWalker 3 in advance of its planned summer launch\n\n\nCompleted the purchase of a 100,000 square feet extension facility in Texas, to support our commercial satellite manufacturing capabilities\n\n\nCompleted the first phase of renovations on the extension facility and earmarked approximately $20.0 million of additional investment\n\n\nEstablished new technology hub in Maryland to support Systems Engineering, Network Operations Center (“NOC”) and Satellite Operations Center (“SOC”)\n\n\nIncreased to more than 1.8 billion the number of subscribers represented by mobile network operators who have agreements and memoranda of understanding with AST SpaceMobile as of March 31, 2022, compared to 1.5 billion at November 15, 2021\n\n\nSigned a non-binding memorandum of understanding with Orange S.A., one of the world's leading telecommunications operators serving more than 220 million mobile customers across the globe\n\n\nGrowth of 30 employees across all offices in the fourth quarter of 2021, with a team of 566 as of December 31, 2021, including 3...