AST SpaceMobile Announces Multi-Launch Agreement With SpaceX for Planned Direct-to-Cell Phone Connectivity
March 09 2022 - 8:31AM
Business Wire
AST 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
announced it has signed a multi-launch agreement with Space
Exploration Technologies Corp. (“SpaceX”). In addition to the
planned summer launch of the BlueWalker 3 test satellite (BW3), the
agreement covers the launch of the first BlueBird satellite and
provides a framework for future launches.
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the full release here:
https://www.businesswire.com/news/home/20220309005369/en/
AST SpaceMobile Announces Multi-Launch
Agreement With SpaceX (Photo: Business Wire)
“This agreement secures the availability for a reliable launch
of our first production satellites out of the U.S.,” said AST
SpaceMobile Founder, Chairman and CEO Abel Avellan. “Our summer
launch of BlueWalker 3 will complete the development phase for our
company. We have also been industrializing our technology and
preparing for the launch of the BlueBird satellites, with this
agreement as a key step.”
The BW3 satellite is slated to launch from Cape Canaveral on a
Falcon 9 vehicle. The satellite has an aperture of 693 square feet
and is designed to communicate directly with cell phones via 3GPP
standard frequencies.
The BlueBird satellites are designed to be compatible with the
Falcon 9 vehicle, as well as other existing and planned industry
launch vehicles. These production satellites are designed to
provide broadband commercial service directly to cell phones,
without any additional hardware or software on the phone. At full
capacity, AST SpaceMobile expects to be able to assemble up to six
BlueBird satellites per month at its Texas manufacturing
facilities, which offer a combined 185,000 of square footage.
AST SpaceMobile’s mission is to eliminate the connectivity gaps
faced by today’s five billion mobile subscribers moving in and out
of coverage zones, and bring cellular broadband to approximately
half of the world’s population who remain unconnected. Partners in
this effort are leading global wireless infrastructure companies,
including Rakuten Mobile, Vodafone and American Tower.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular
broadband network in space to operate directly with standard,
unmodified mobile devices 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 five billion
mobile subscribers and finally bring broadband to the billions who
remain unconnected. For more information, follow AST SpaceMobile on
Facebook, Twitter, LinkedIn and YouTube. Watch this video for an
overview of the SpaceMobile mission.
Forward-Looking Statements
This communication contains “forward-looking statements” that
are not historical facts, and involve risks and uncertainties that
could cause actual results of AST SpaceMobile to differ materially
from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology,
including the words “believes,” “estimates,” “anticipates,”
“expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,”
“projects,” “predicts,” “continue,” or “should,” or, in each case,
their negative or other variations or comparable terminology.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside AST SpaceMobile’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (i) expectations regarding AST SpaceMobile’s strategies
and future financial performance, including AST’s future business
plans or objectives, expected functionality of the SpaceMobile
Service, anticipated timing and level of deployment of satellites,
anticipated demand and acceptance of mobile satellite services,
prospective performance and commercial opportunities and
competitors, the timing of obtaining regulatory approvals, ability
to finance its research and development activities, commercial
partnership acquisition and retention, products and services,
pricing, marketing plans, operating expenses, market trends,
revenues, liquidity, cash flows and uses of cash, capital
expenditures, and AST’s ability to invest in growth initiatives;
(ii) the negotiation of definitive agreements with mobile network
operators relating to the SpaceMobile service that would supersede
memoranda of understanding; (iii) the ability of AST SpaceMobile to
grow and manage growth profitably and retain its key employees and
AST SpaceMobile’s responses to actions of its competitors and its
ability to effectively compete; (iv) changes in applicable laws or
regulations; (v) the possibility that AST SpaceMobile may be
adversely affected by other economic, business, and/or competitive
factors; (vi) the outcome of any legal proceedings that may be
instituted against AST SpaceMobile; and (vii) other risks and
uncertainties indicated in the Company’s filings with the SEC,
including those in the Risk Factors section of AST SpaceMobile’s
Form S-1 Registration Statement filed with the SEC on June 25, 2021
(File No. 333-257425) as well as the Risk Factors contained in Part
II, Item 1A of AST SpaceMobile’s Form 10-Q dated August 16,
2021.
AST SpaceMobile cautions that the foregoing list of factors is
not exclusive. AST SpaceMobile cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. For information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward-looking statements, please refer to the
Risk Factors incorporated by reference into AST SpaceMobile’s Form
S-1 Registration Statement filed with the SEC on June 25, 2021
(File No. 333-257425) as well as the Risk Factors contained in Part
II, Item 1A of AST SpaceMobile’s Form 10-Q dated August 16, 2021.
AST SpaceMobile’s securities filings can be accessed on the EDGAR
section of the SEC’s website at www.sec.gov. Except as expressly
required by applicable securities law, AST SpaceMobile disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220309005369/en/
Investor Contact: Scott Wisniewski investors@ast-science.com
Media Contact: Brandyn Bissinger press@ast-science.com +1 866
845 6521
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