AST & Science Announces 1,000th Patent Claim
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MIDLAND, Texas, March 11, 2021 /PRNewswire/ AST & Science, LLC, the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced that its total number of patent and patent pending claims has reached 1,000.
AST SpaceMobile Headquarters in Midland, TX
The key patent technologies are protected in critical jurisdictions around the world and cover all aspects of AST s operations, including satellite architecture, satellite energy efficiencies, deployment, and communication protocols providing high throughput, ground coverage, reliability and compensation using space to enable connectivity to regular cellular handsets.
AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW)
- AST & Science LLC ( AST SpaceMobile ) is building the first and only space-based cellular broadband network accessible directly by standard mobile phones
- AST SpaceMobile to become publicly listed through a business combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW)
- Combined company to have an estimated post-transaction enterprise value of $1.4 billion and will become listed on the NASDAQ under the ticker symbol ASTS following expected transaction close in the first quarter of 2021
- Transaction to provide up to $462 million in gross proceeds, comprised of New Providence Acquisition Corp. s $232 million of cash held in trust (assuming no redemptions) and a $230 million fully committed common stock PIPE at $10.00 per share, including investments from Rakuten, Vodafone, American Tower, UBS O Connor and a broad base