NextNav Thanks FCC for Looking for Public Touch upon Revolutionary Spectrum Resolution in Decrease 900 MHz Band
RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN (NASDAQ:)), a pacesetter in subsequent era positioning, navigation, timing (PNT) and 3D geolocation, introduced in the present day that the Federal Communications Fee (FCC) launched a public discover in search of touch upon its progressive spectrum resolution within the Decrease 900 MHz band (902-928 MHz band).
On April 16, NextNav filed a rulemaking petition asking the FCC to open this continuing to reconfigure the Decrease 900 MHz band and undertake new guidelines to allow a terrestrial 3D PNT community to enhance and again up the International Positioning System (GPS). This rearrangement of the band would additionally free up 15 MHz of invaluable low-band spectrum for 5G broadband whereas appropriately defending incumbent operations.
We respect the FCC’s public discover, an vital subsequent step in delivering an progressive spectrum resolution within the Decrease 900 MHz band, mentioned NextNav CEO Mariam Sorond. Offering a complement and backup to GPS is vital for safeguarding issues we’d like day by day ” from location mapping and monitoring providers to serving as an vital instrument for finding emergency callers to addressing vital infrastructure and nationwide safety wants. Furthermore, our plan creates abundance from shortage on this band by unleashing much-needed spectrum for wi-fi know-how. These common sense options can profit customers and our nationwide pursuits for gratis to taxpayers.
The FCC has requested feedback from the general public on this continuing which might be due September 5, 2024, adopted by reply feedback due September 20, 2024. The Fee then considers the feedback and reply feedback in creating proposed guidelines.
NextNav is the first geographic licensee within the Decrease 900 MHz Band and has used its present licenses to develop industry-leading PNT experience and merchandise. Nevertheless, a lot of this band is underutilized attributable to a legacy band plan and guidelines. Reconfiguring the band would pave the way in which for terrestrial PNT providers as a complement and backup to GPS. It additionally would open 15 MHz of low-band spectrum for 5G broadband.
About NextNav Inc.
NextNav Inc. (Nasdaq: NN) is a pacesetter in subsequent era positioning, navigation and timing (PNT), enabling an entire new ecosystem of functions and providers that rely on 3D geolocation and PNT know-how. Powered by low-band licensed spectrum, NextNav’s positioning and timing applied sciences ship correct, dependable, and resilient 3D PNT options for vital infrastructure, GPS resiliency and business use circumstances.
For extra info, please go to https://nextnav.com/ or observe NextNav on Twitter or LinkedIn.
Ahead Wanting Statements
This press release incorporates forward-looking statements inside the which means of the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases reminiscent of forecast, intend, search, goal, anticipate, consider, count on, estimate, plan, outlook, and venture and different related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. These statements, which contain dangers and uncertainties, relate to analyses and different info which might be primarily based on forecasts of future outcomes and estimates of quantities not but determinable and may additionally relate to NextNav’s future prospects, developments and enterprise methods. Specifically, such forward-looking statements embrace the achievement of sure FCC-related milestones and FCC approvals, the power to comprehend the broader spectrum capability and the development of NextNav’s terrestrial 3D PNT providers, NextNav’s place to drive development in its 3D geolocation enterprise and growth of its subsequent era terrestrial 3D PNT applied sciences, the enterprise plans, goals, expectations and intentions of NextNav, and NextNav’s estimated and future enterprise methods, aggressive place, {industry} surroundings, potential development alternatives, income, bills, and profitability. These statements are primarily based on NextNav’s administration’s present expectations and beliefs, in addition to plenty of assumptions regarding future occasions.
Such forward-looking statements are topic to recognized and unknown dangers, uncertainties, assumptions and different vital components, a lot of that are outdoors NextNav’s management that would trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements. These dangers, uncertainties, assumptions and different vital components embrace, however are usually not restricted to, these included in Half II, Merchandise 1A, Threat Components of the Firm’s quarterly stories on Type 10-Q, and Half I, Merchandise 1A, Threat Components of the NextNav’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2023, in addition to these in any other case described or up to date once in a while in our different filings with the Securities and Change Fee (the SEC). You’re cautioned to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made, and NextNav undertakes no dedication to replace or revise the forward-looking statements, whether or not on account of new info, future occasions or in any other case.
Supply: NN-FIN
Media Contact:
Howard Waterman
hwaterma@nextnav.com
917-359-5505