AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the
company building the first and only space-based cellular broadband
network accessible directly by everyday smartphones, and designed
for both commercial and government applications, today announced
that Abel Avellan, Chairman and Chief Executive Officer of AST
SpaceMobile, published a letter to partners, shareholders, and
future space-based cellular broadband network users. The full text
of the letter is below.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240701476388/en/
AST SpaceMobile planned coverage map
(Graphic: Business Wire)
Dear Fellow Partners, Shareholders, and Future Space-Based
Cellular Broadband Network Users,
The recent announcement of a strategic partnership with Verizon
is another leap forward for AST SpaceMobile. It builds upon the
momentum of our earlier flagship commercial agreement with
AT&T, not only by securing additional capital in the form of
prepayments and convertible notes, but more importantly, by
accelerating our mission to eliminate connectivity gaps across the
United States.
With both industry leaders – AT&T and Verizon – on board,
AST SpaceMobile is now uniquely positioned to achieve a
groundbreaking feat: target 100% geographical coverage throughout
the continental U.S., the most valuable wireless market in the
world.
The key to unlocking this ubiquitous coverage lies in the power
of the premium 850 MHz low-band spectrum, which offers superior
signal penetration in the low band cellular range. AT&T and
Verizon together will share with AST SpaceMobile a portion of their
respective bands of 850 MHz low-band spectrum to enable nationwide
satellite coverage.
This is where this dual partnership comes in. This strategic
move ensures wider coverage via shared spectrum that benefits both
AT&T’s and Verizon’s subscribers.
Why Low-Band – 850 MHz Spectrum - A Winning Combination for
Nationwide Coverage
The 850 MHz low-band spectrum offers several advantages that
make it the perfect choice for our space-based cellular broadband
network:
Exceptional Propagation: Low-band frequencies travel
longer distances and penetrate deeper into buildings and through
foliage compared to higher frequencies. This ensures our signals
will reach you wherever you are, even in remote areas with limited
terrestrial infrastructure.
Superior Coverage: The longer wavelengths of low-band
spectrum allow for wider signal coverage, minimizing dead zones and
dropped calls. This will translate to a more consistent and
reliable cellular experience, no matter your location.
Seamless Integration with Existing Devices: The 850 MHz
band is already utilized by existing cellular networks and
compatible with today’s standard smartphones. That means you won't
need any specialized equipment to access our space-based broadband
– it will work seamlessly with your current phone.
What does this mean for mobile phone users? Less dropped
calls, frustrating dead zones, or missed connections. Whether you
are scaling a mountain peak, exploring a national park, or simply
commuting to work, you'll have reliable cellular access wherever
you go within the United States.
Transparent Technology: Whether you are an AT&T or
Verizon subscriber, the space-to cell connection is designed to
work transparently, meaning you won't need to worry about which
carrier's 850 MHz spectrum is being used.
Here's the breakdown:
Complementary Spectrum, Unified Experience: We employ a
segment of the 850 MHz band in conjunction with our terrestrial
operations. Additionally, the complementary spectrum of both
AT&T and Verizon is utilized without reallocating any spectrum
resources from the earth/ground/land-based networks of either
company.
Largest Commercial Communications Satellite Ever Deployed in
Low Earth Orbit: The massive antenna array acts as a giant cell
tower in space, with a broader and stronger signal that can reach
standard smartphones directly, eliminating the need for specialized
equipment.
The power and scale of the satellite array pave the way for a
truly global solution. With a constellation of AST SpaceMobile
satellites in low Earth orbit, we will be able to provide reliable
cellular broadband coverage wherever is needed. This translates to
bridging the digital divide on a massive scale, ensuring everyone,
everywhere has access to essential communication services.
Innovative ASIC Architecture: As the cornerstone of AST
SpaceMobile's Next Generation BlueBird satellites, the AST5000 ASIC
is a novel, AI ready, custom, and low-power architecture developed
to enable up to a tenfold improvement in processing bandwidth on
each satellite, unlocking opportunities for seamless space-based
cellular broadband services worldwide.
Mobile User Experience: You’ll have a seamless experience
with either carrier. You'll simply connect to AST SpaceMobile's
network through your carrier, AT&T or Verizon, for reliable
cellular service for a smooth and worry-free experience.
This collaboration highlights the effectiveness of collective
action. By combining AST SpaceMobile's innovative space-based
network with the extensive terrestrial networks and expertise of
both AT&T and Verizon, we are creating a solution that benefits
everyone. Consumers gain unparalleled access to space-based
cellular broadband, businesses can expand into previously
unreachable regions, and first responders and rural communities
will no longer be left behind in the digital age.
This is just the beginning. We remain dedicated to fostering
similar partnerships with other mobile network operators, aiming to
bridge the digital divide on a global scale. Through strategic
agreements with AT&T and Verizon, along with Vodafone, Rakuten,
Google, American Tower, Bell Canada, and more than 45 mobile
network operators, we’ve established a strong foundation. These
partnerships unite us with networks that serve more than 2.8
billion subscribers, propelling us closer to achieving this
ambitious goal.
Together, we're building a future where connectivity empowers
everyone, everywhere. Thank you for your continued support.
Sincerely,
Abel Avellan Founder, Chairman, and CEO AST SpaceMobile
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 of the launch of the Block 1 Bluebird
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
preliminary agreements and memoranda of understanding and the
ability to enter into commercial agreements with other parties or
government entities; (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 10-K filed with the SEC on April 1, 2024.
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
10-K filed with the SEC on April 1, 2024. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240701476388/en/
Investor: Scott Wisniewski investors@ast-science.com
Media: Allison Eva Murphy Ryan 917-547-7289
AstSpaceMobile@allisonpr.com
Grafico Azioni AST SpaceMobile (NASDAQ:ASTS)
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Grafico Azioni AST SpaceMobile (NASDAQ:ASTS)
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