STOCK TITAN

NextNav Lays Out New Vision for Complement and Backup to GPS with Additional Spectrum for Broadband Services

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
NextNav files FCC petition for rulemaking to rearrange the Lower 900 MHz band for a terrestrial PNT network and broadband services. The company aims to provide a backup to GPS and offer 15 MHz of low-band spectrum for 5G, emphasizing national security and public safety.
Positive
  • NextNav's innovative spectrum solution aims to support NextGen PNT technology with 5G broadband services.
  • The company filed a rulemaking petition with the FCC to reconfigure the Lower 900 MHz band for terrestrial PNT and broadband.
  • NextNav plans to provide a backup and complement to GPS while freeing up spectrum for 5G services.
  • The acquisition of additional spectrum licenses in the Lower 900 MHz band will enable the company to move forward with its plans.
  • NextNav's proposed band plan includes a terrestrial PNT service to enhance national security and public safety.
  • The company's NextGen technology aims to provide precise, resilient timing and 3D positioning solutions for indoor and outdoor use.
  • NextNav intends to partner with mobile network operators for commercial deployment in the 5G spectrum.
  • The modernized Lower 900 MHz band plan will create access to 15 MHz of low-band spectrum for 5G services.
Negative
  • None.

NextNav Files FCC Petition for Rulemaking, Following Court’s Approval of Previously Announced Acquisition of Spectrum Licenses

Innovative Spectrum Solution Supports NextGen PNT Technology with 5G Broadband

MCLEAN, Va., April 16, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, timing (“PNT”) and 3D geolocation, today filed a rulemaking petition asking the Federal Communications Commission (“FCC”) to deliver an innovative spectrum solution in the Lower 900 MHz band (902-928 MHz band). The petition proposes rearranging the band to facilitate a terrestrial PNT network and broadband.

Filed today, the petition specifically asks the FCC to reconfigure the band plan and adopt new rules to:

  • Enable a high-quality terrestrial complement and backup to the Global Positioning System (“GPS”) on which the nation relies for essential PNT services.
  • Provide 15 megahertz of low-band spectrum for use by mobile broadband networks.

“We have the chance to do something exciting with our airwaves. This new vision for the Lower 900 MHz band unleashes spectrum for essential PNT solutions as well as broadband - all while protecting licensed incumbent operations,” stated NextNav CEO Mariam Sorond. “In a time when spectrum is scarce, we have a solution to prioritize national security and public safety and free up spectrum for 5G. It’s a win for Americans and the US economy.”

NextNav recently announced that it had signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band from Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation. On March 28, 2024, the Superior Court of the State of California, County of Alameda issued an Order approving the Receiver’s request to sell all of its Lower 900 MHz spectrum holdings to NextNav, allowing the parties to move forward with obtaining FCC approval.

NextNav is already the main geographic licensee in the Lower 900 MHz Band and has used its existing licenses to develop industry leading PNT expertise and products. However, much of this band is underutilized due to a legacy band plan and rules that limit use of the spectrum for 5G.

As a part of this proposed new band plan, NextNav would enable a terrestrial PNT service to serve as a much-needed backup and complement to GPS. Today in the U.S. GPS is vulnerable to attack through jamming, spoofing, and other targeting events. By reconfiguring this band, the FCC can pave the way for NextNav’s NextGen technology to provide terrestrial PNT services as a complement or backup to GPS - without additional legislation or taxpayer dollars.

This modernized Lower 900 MHz band plan also creates access to 15 MHz of low-band spectrum for 5G services. NextNav expects to partner with mobile network operators or others interested in commercial deployment in the band for 5G. NextNav also intends to ensure incumbent operations are appropriately protected.

NextNav’s plan is that the NextGen PNT technology and network will take advantage of 5G, with a 3D positioning solution with single digit accuracy, available indoors as well as outdoors, and in urban corridors, and will also provide wireless distribution of precise, resilient timing.

To view a copy of the full filing, please visit the FCC’s Electronic Comment Filing System at www.fcc.gov/ecfs/ or NextNav’s website at www.nextnav.com.

About NextNav Inc.

NextNav Inc. (Nasdaq: NN) is a leader in next generation positioning, navigation and timing (PNT), enabling a whole new ecosystem of applications and services that rely upon 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable, and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies. In particular, such forward-looking statements include the possibility of the granting by the FCC of the petition to rearrange the Lower 900 MHz band and adopt new rules, as well as NextNav’s future business strategies, competitive position, industry environment and potential growth opportunities for its next generation PNT technology in the band for 5G. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the risk that the FCC does not grant the petition; (2) the risk that the band plan, if reconfigured, does not allow for the benefits expected by NextNav; (3) costs related to the foregoing; (4) the possibility that NextNav may be adversely affected by other economic, business and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in other documents filed with the SEC by NextNav. New risks and uncertainties arise from time to time, and it is impossible for NextNav to predict these events or how they may affect the Company. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Source: NN-FIN

Contact:
Gillian Smith
media@nextnav.com


FAQ

What did NextNav file with the FCC regarding the Lower 900 MHz band?

NextNav filed a rulemaking petition with the FCC to rearrange the Lower 900 MHz band for a terrestrial PNT network and broadband services.

What does NextNav aim to provide as a backup to GPS?

NextNav aims to provide a high-quality terrestrial complement and backup to the Global Positioning System (GPS).

How much low-band spectrum does NextNav propose for use by mobile broadband networks?

NextNav proposes to provide 15 megahertz of low-band spectrum for use by mobile broadband networks.

What did the Superior Court of the State of California approve on March 28, 2024?

The Superior Court approved the sale of all Lower 900 MHz spectrum holdings to NextNav, allowing the company to move forward with obtaining FCC approval.

What vulnerabilities does NextNav highlight in the U.S. GPS system?

NextNav highlights vulnerabilities to attack through jamming, spoofing, and other targeting events in the U.S. GPS system.

NextNav Inc.

NASDAQ:NN

NN Rankings

NN Latest News

NN Stock Data

843.25M
47.12M
38.52%
47.01%
8.76%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
Link
United States of America
MCLEAN

About NN

nextnav’s (formerly known as commlabs) is the developer of a next generation location enabling technology that brings accurate location service, with carrier-grade reliability, into buildings and urban areas where satellite-based gps signals can’t reach. nextnav is deploying a dedicated, wide-area terrestrial network exclusively for the provision of location information with “store level / floor level” accuracy across an entire metropolitan area. every element of the network, including its nationwide licensed spectrum, is designed, owned and operated by nextnav for this express purpose.