AST SpaceMobile Provides Update on BlueWalker 3 Launch Timing
December 06 2021 - 8:01AM
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 provided updated timing for the launch of its next
satellite, BlueWalker 3.
As discussed on the recent Third Quarter 2021 Business Update
call and disclosed in its third quarter Form 10-Q, AST SpaceMobile
had been evaluating whether to rebook the launch of BlueWalker 3,
to target a new launch within months of the prior launch window of
March 1, 2022 to April 30, 2022.
On November 30th, in accordance with the terms of the Launch
Services Agreement, AST SpaceMobile submitted a rebooking notice
for a revised launch window targeting Summer 2022. The ultimate
launch timing is subject to mutual agreement and coordination with
the launch services provider. The purpose for the rebooking of the
BlueWalker 3 launch is to provide additional time for assembly,
testing and final launch preparation.
AST SpaceMobile Founder, Chairman and CEO Abel Avellan, said:
“Our technology development is on track and we have made
significant progress on our BlueWalker 3 satellite, with a truly
global effort from over 500 team members. BW3 is a 693-square-foot
phased array designed to communicate directly with unmodified
mobile phones from low Earth orbit, solving a huge gap in today’s
communications networks. We believe the updated launch window
provides important and needed additional prep time to ensure a
successful satellite launch.”
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 and LinkedIn.
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/20211206005433/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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