NextNav (NASDAQ: NN) is a technology company specializing in next-generation positioning, navigation, and timing (PNT) solutions. They focus on providing accurate and reliable 3D geolocation services, particularly in urban and indoor environments where traditional GPS signals are limited. NextNav offers solutions like Pinnacle and TerraPoiNT, using a terrestrial network to deliver resilient PNT for critical infrastructure, public safety, and commercial applications. Their technology aims to complement and backup GPS, providing enhanced location intelligence for various sectors.
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NextNav is collaborating with Qualcomm Technologies to enable NextNav’s Pinnacle 911 z-axis software and network-based services for use with the Qualcomm Location Suite.
NextNav’s Pinnacle service covers over 4,400 cities and towns and 90% of buildings greater than three stories in the United States, exceeding the FCC’s requirement for carriers to offer z-axis in the top 25 U.S. markets by April 2022.
FirstNet Built with AT&T selected NextNav Pinnacle to provide highly accurate altitude capabilities for first responders.
Satelles provided the timing source for NextNav’s alternative PNT testbed using Satellite Time and Location (STL).
NextNav and Satelles Inc. partnered to create an alternative positioning, navigation and timing testbed in the San Francisco Bay area.
The RapidSOS Partner Network launched with 20 inaugural members, including 911eye, 911inform, Axon, CRG, DataTech911, Equature, Everbridge, Fugro, FIRST iZ powered by Genesis PULSE, GeoComm, Mark43, NextNav, NICE, NSION, One Hundred Feet, Inc., PublicSonar, Rave Mobile Safety, Roadside Telematics Corp., SOMA Global, and Zetron.
The business combination is expected to generate gross proceeds of up to $408,000,000 to fund NextNav's growth initiatives.
NextNav intends to use the up to $408,000,000 in gross proceeds to continue building its next generation GPS platform, expand products, and expand its land-based radio positioning and timing network.
NextNav will work directly with barometric sensor manufacturers to improve the quality of their products through the NextNav Certified program.
MetCom and NextNav announced a licensing partnership to deliver 3D Position, Navigation, and Timing solutions in Japan through the NextNav TerraPoiNT solution.
MetCom plans to deploy NextNav’s Terrestrial Beacon System, TerraPoiNT, to serve the emerging Position, Navigation, and Timing needs of Japan’s critical infrastructure and technology sector.
NextNav provides a software development kit that integrates 3D location into applications and includes pre-built visualizations.
NextNav’s vertical positioning service provides z-axis altitude data with accuracy within three meters 94% of the time.
NextNav is on track to provide vertical positioning service to 105 major metropolitan areas by April 2021.