AST SpaceMobile Successfully Completes Unfolding of First Five Commercial Satellites in Low Earth Orbit

Key post-launch activity completed in preparation for commercial and government services

AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the successful unfolding of its first five commercial satellites, BlueBirds 1-5.

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AST SpaceMobile BlueBird 1-5 unfolded, US coverage with 5600+ cells (Graphic: Business Wire)

With this significant post-launch technical activity now complete, ahead of schedule at 6 weeks after the launch of the satellites, the BlueBirds are now preparing for commercial and US government operations.

"The unfolding of the first five commercial satellites is a significant milestone for the company. These five satellites are the largest commercial communications arrays ever launched in low Earth orbit," commented Abel Avellan, Founder, Chairman and CEO of AST SpaceMobile. "It is a significant achievement to commission these satellites, and we are now accelerating our path to commercial activity."

"The deployment of our first five BlueBird commercial satellites marks just the beginning of our journey," continued Mr. Avellan. "As we prepare for commercial services, we remain committed to pushing the boundaries of innovation. Our team is already hard at work building the next generation of satellites, which will offer ten times the capacity of our current BlueBirds, further transforming mobile connectivity and delivering even greater benefits to our customers and partners worldwide."

AST SpaceMobile will target 100% nationwide coverage across the United States, providing service through more than 5,600 cells on premium low-band spectrum via strategic partnerships with leading operators like AT&T, Verizon, and Vodafone, among others.

AST SpaceMobile's technology features large, phased array antennas supported by over 3,450 patent and patent-pending claims. This innovative design aims to extend cellular coverage globally, eliminating dead zones and delivering space-based cellular broadband connectivity to underserved regions. These advanced phased arrays, the largest ever deployed commercially in low Earth orbit, connect directly to standard smartphones at broadband speeds. This eliminates the need for specialized equipment, enabling seamless use with existing mobile phones while enhancing and complementing mobile operator networks.

AST SpaceMobile's technology also offers significant advantages for government applications, with its dual-use capability supporting both communications and non-communications use cases. The company's innovative approach positions it to deliver advanced space-based solutions for a range of strategic needs, providing scalable, secure, and reliable connectivity to support various government missions.

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, and designed for both commercial and government applications. 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 YouTube, X (Formerly Twitter), LinkedIn and Facebook. 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 could 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 2 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 SpaceMobile'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 Securities and Exchange Commission (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 in 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.

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