AST SpaceMobile Expands Management Team with Key New Hires

AST SpaceMobile, Inc. (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced the addition of two executives to its senior leadership team.

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Brian Heller has joined as Executive Vice President, General Counsel and Secretary of AST SpaceMobile. (Photo: Business Wire)

“I am delighted to welcome such talented individuals to the AST SpaceMobile team,” said Abel Avellan, Chairman and CEO of AST SpaceMobile. “Both of these executives bring extensive expertise to our company, including valuable public company experience. They will complement our existing team of over 200 scientists and engineers, including 24 PhDs, as we seek to fulfill our mission to connect the unconnected by delivering cellular broadband to billions.”

The two new executives are:

• Brian Heller has joined as Executive Vice President, General Counsel and Secretary. Mr. Heller brings over 20 years of public company experience to AST SpaceMobile. Before joining AST SpaceMobile, he served as General Counsel of Castle Brands, Inc., a publicly traded spirits company, until its sale to Pernod Ricard, and as Senior Vice President - Business and Legal Affairs at Ladenburg Thalmann Financial Services, a publicly traded financial services company, until its acquisition by a portfolio company of Reverence Capital Partners. Mr. Heller was a partner at Steel Hector & Davis in Miami, Florida. He received a Bachelor of Science degree from Northwestern University and a Juris Doctorate from Georgetown University.

• Scott Wisniewski has joined as Executive Vice President and Chief Strategy Officer overseeing corporate development, treasury, investor relations and public relations. Previously, Mr. Wisniewski was Managing Director of Technology, Media & Telecommunications Investment Banking at Barclays, advising clients on raising capital and M&A for over a decade. While at Barclays, he advised AST SpaceMobile on the $110 million private investment in 2019 and the recently closed business combination transaction, which raised $462 million in gross proceeds. Earlier in his career he was a management consultant focused on supplier development and a mechanical design engineer. Mr. Wisniewski received a Bachelor of Engineering degree from Dartmouth College and a Masters in Business Administration from The University of Chicago Booth School of Business.

About AST SpaceMobile

AST SpaceMobile is building the first and only global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. Our team of 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. Follow AST SpaceMobile on Twitter (@AST_SpaceMobile) and LinkedIn. For an overview of the SpaceMobile mission, view this video.

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 “seek,” “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, statements concerning AST SpaceMobile’s expectations with respect to future performance and market size and anticipated financial impacts of the Business Combination.

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 inability to maintain the listing of AST SpaceMobile’s shares of common stock on The Nasdaq Stock Market; (iii) the risk that the consummation of the Business Combination disrupts current plans and operations; (iv) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees; (v) changes in applicable laws or regulations; (vi) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vii) the outcome of any legal proceedings that may be instituted against AST SpaceMobile concerning the Business Combination; and (viii) other risks and uncertainties indicated in the proxy statement, including those under the section entitled “Risk Factors” in the Definitive Proxy Statement relating to the Business Combination, and in the Company’s other filings with the SEC.

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 section of the Definitive Proxy Statement relating to the Business Combination. 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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"Both executives will complement our existing team of over 200 scientists and engineers, including 24 PhDs, as we seek to fulfill our mission to connect the unconnected by delivering cellular broadband to billions.” - @AbelAvellan $ASTS #ASTSpaceMobile #5G