FCC Process Progress
NextNav has filed extensive technical and economic studies with the FCC to enable 5G-based 3D PNT in the lower 900 MHz band, and has been actively engaging with FCC representatives.
Technical Milestones Achieved
NextNav achieved a significant milestone by enabling a wide-scale commercial 5G-based 3D PNT solution, integrating standard 5G network equipment.
Successful Partnerships
Extended agreement with AT&T by 2 years for Pinnacle network operations and successful integration with Oscilloquartz's GNSS-enabled grandmaster clock.
Strong Financial Position
NextNav reported $167.6 million in cash and short-term investments, with a net income of nearly $0.5 million for the quarter.
Spectrum Acquisition
Secured additional spectrum in the lower 900 MHz band through the Telesaurus transaction, strengthening their strategic position.