Press release
AST SpaceMobile Provides Fourth Quarter and Full Year 2022 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, is providing its business update for the three months and fiscal year ended December 31, 2022.\n\n“The testing to date for BlueWalker 3 continues to validate the design roadmap for our BlueBird commercial satellites,” said Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile. “As we plan for the commercialization of our service, we are ramping the manufacturing of our Block 1 satellites and making key investments for Block 2 satellites.”\n\nBusiness Update\n\nUpdate on BlueWalker 3 Activities\n\n\nDeployed the largest-ever commercial communications array in low Earth orbit\n\n\nProven ability to fly and control the fully deployed communications array measuring 693 sq ft\n\n\nTesting has validated our architecture’s patented doppler and delay compensation\n\n\nInitial test results indicate downlink signal strength necessary to reach 5G cellular broadband speeds\n\n\nUpdate on Block 1 BlueBird Program\n\n\nPlan to launch five Block 1 BlueBird satellites in Q1 2024, expected to provide initial, non-continuous space-based cellular broadband services in select markets using low-band frequencies\n\n\nTook significant steps to further industrialize our technology, with in-house manufacturing of key components and electronics\n\n\nSecured launch services agreement for five Block 1 BlueBird satellites on a Falcon 9 and in active discussions for subsequent launches for Block 2 BlueBird satellites with various providers\n\n\nCommercialization and Regulatory Progress\n\n\nSigned new MOUs (memoranda of understanding) with seven leading mobile network operators since November 14, 2022, including Zain KSA, Saudi Telecom, and others\n\n\nAnnounced plans to explore potential opportunities to jointly market services and technologies to military and law enforcement agencies with Fairwinds Technologies, a leading integrator for defense and civilian agencies around the world\n\n\nParticipated in initial FCC rulemaking related to Supplemental Coverage from Space, which would allow satellite operators to collaborate with terrestrial service providers to expand coverage to terrestrial licensee subscribers\n\n\nFormalize...