FCC Takes Major Step Towards New Band Order and Backup Compatibility Design for GPS Via Investing.com
NextNav Thank you FCC for seeking public comment on the Innovative Spectrum Solution in the Lower 900 MHz Band
RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN (NASDAQ :)), a leader in next-generation position, transit, time (PNT) and 3D geolocation, announced today that the Federal Communications Commission (FCC) has issued a public notice seeking comment on its new spectrum solution in the Lower 900 band MHz. (902-928 MHz band).
On April 16, NextNav filed a rulemaking petition asking the FCC to open this initiative to reallocate the Lower 900 MHz band and adopt new rules to enable the terrestrial 3D PNT network to complete and maintain Global Positioning System (GPS). This band realignment will also free up 15 MHz of critical low-band spectrum for 5G Broadband while adequately protecting existing operations.
We welcome the FCC's public notice, an important next step in delivering a new spectrum solution in the Lower 900 MHz band, said NextNav CEO Mariam Sorond. Providing compatibility and backup to GPS is critical to securing the things we need every day” from location mapping and tracking services to serving as a critical tool for locating emergency callers to address critical infrastructure and national security needs. In addition, our program creates an abundance of scarcity in this band by releasing much-needed spectrum for wireless technology. These common sense solutions can benefit consumers and our national interests at no cost to taxpayers.
The FCC requested public comment on this proceeding by September 5, 2024, with responses due by September 20, 2024. The Commission then considers the comments and responds to the comments in developing the proposed rules.
NextNav is the primary licensee in the Lower 900 MHz Band and has leveraged its existing licenses to develop industry-leading PNT technologies and products. However, a large part of this band is underutilized due to the legacy band system and rules. Resetting the band will pave the way for terrestrial PNT services as a backup to GPS. It will also open up 15 MHz of low-band spectrum for 5G broadband.
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 on 3D geolocation and PNT technologies. Powered by low-band licensed spectrum, NextNav's positioning and timing technology delivers accurate, reliable, and robust 3D PNT solutions for critical infrastructure, GPS deployments and commercial use cases.
For more information, please visit 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, intent, seek, guide, expect, believe, expect, estimate, plan, view, project and other similar statements that predict or indicate future events or trends or that are not statements of historical fact. These statements, which involve risks and uncertainties, relate to analysis and other information based on forecasts of future results and estimates that have not yet been determined and may relate to NextNav's future prospects, developments and business strategies. In particular, such forward-looking statements include the achievement of certain FCC-related milestones and FCC approvals, the ability to realize broad spectrum capacity and the development of NextNav's terrestrial 3D PNT services, NextNav's position to increase the growth of its 3D geolocation business and the expansion of its next-generation 3D PNT technology, NextNav's business plans, goals, expectations and objectives, as well as NextNav's estimated and future business strategies, competitive position, industry landscape, potential growth opportunities, revenue, costs, and profitability . These statements are based on NextNav management's current expectations and beliefs, as well as a number of 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, which could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, considerations and other important factors include, but are not limited to, those included in Part II, Item 1A, Risk Factors of the Company's quarterly reports on Form 10-Q, and Part I, Item 1A, Risk Factors of the Company. NextNav's Annual Report on Form 10-K for the year ended December 31, 2023, and as otherwise described or revised 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 made, and NextNav undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: NN-FIN
Media Contact:
Howard Waterman
hwaterma@nextnav.com
917-359-5505
