NextNav thanks the FCC for soliciting public input on innovative spectrum solutions in the 900 MHz band
Reston, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) — NextNav (NASDAQ: neural network (Nasdaq: ), a leader in next-generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that the U.S. Federal Communications Commission (FCC) has issued an announcement soliciting innovative spectrum solutions in its 900 MHz band Comments (band 902-928 MHz).
On April 16, NextNav submitted a rulemaking petition requesting the FCC to initiate this process to reconfigure the 900 MHz frequency band and adopt new rules to enable terrestrial 3D PNT networks to complement and support the Global Positioning System (GPS). The rearrangement of frequency bands will also free up 15 MHz of valuable low-band spectrum for 5G broadband while appropriately protecting existing operations.
NextNav CEO Mariam Sorond said, “We appreciate the FCC’s public notification, which is an important next step in providing innovative spectrum solutions in the 900 MHz band.” Supplementing and backing up GPS is critical to protecting the things we need every day – from location mapping and tracking services, to serving as an essential tool for locating emergency callers, to meeting critical infrastructure and national security needs. In addition, our plan creates abundant resources from the scarcity of this spectrum band by freeing up much-needed spectrum for wireless technology. These common-sense solutions can benefit consumers and our national interest at no cost to taxpayers.
The FCC has asked the public to comment on this process by September 5, 2024, and to respond by September 20, 2024.
NextNav is the primary geographic licensee in the lower 900 MHz band and is leveraging its existing licenses to develop industry-leading PNT expertise and products. However, much of this band is underutilized due to legacy band planning and regulations. Reconfiguring the frequency bands will pave the way for terrestrial PNT services as a complement and backup to GPS. It will also open up 15 MHz of low-band spectrum for 5G broadband.
About NextNav Corporation
NextNav Inc. (Nasdaq: NN) is a leader in next-generation positioning, navigation and timing (PNT), committed to creating a new ecosystem of applications and services that rely on 3D geolocation and PNT technology. NextNav’s positioning and timing technology is powered by low-band licensed spectrum to provide accurate, reliable and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.
For more information, 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. Projects and other similar expressions that predict or indicate future events or trends, or statements that are not historical events. These statements involve risks and uncertainties, involve analyzes and other information based on projections of future results and estimates of amounts that have not yet been determined, and may also relate to NextNav’s future prospects, development and business strategies. In particular, such forward-looking statements include the achievement of certain FCC-related milestones and FCC approvals, the ability to achieve broader spectrum capacity and the advancement of NextNav’s terrestrial 3D PNT services, NextNav’s position to drive growth in its 3D geolocation business and its underlying the expansion of next-generation terrestrial 3D PNT technology, NextNav’s business plans, goals, expectations and intentions, and NextNav’s projected and future business strategies, competitive position, industry environment, potential growth opportunities, revenues, expenses and profitability. These statements are based on NextNav’s management’s current expectations and beliefs, as well as certain assumptions regarding future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond NextNav’s control, that could cause actual results to differ materially from those discussed in the forward-looking statements. . These risks, uncertainties, assumptions and other important factors include, but are not limited to, the factors contained in Part II, Item 1A, “Risk Factors” and Part I, Item 1A, “Risk Factors” of the Company’s Quarterly Report on Form 10-Q. Annual Report on Form 10-K for December 31, 2023, and reports described or updated from time to time in our other filings with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof, and NextNav does not undertake to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Source: NN-FIN
Media contact information:
Howard Waterman
hwaterma@nextnav.com
917-359-5505
