FCC Takes Important Step Towards New Band Plan and Creation of Complement and Backup to GPS
2024年8月7日 - 2:40AM
NextNav (Nasdaq: NN), a leader in next generation
positioning, navigation, timing (PNT) and 3D geolocation, announced
today that the Federal Communications Commission (FCC) released a
public notice seeking comment on its innovative spectrum solution
in the Lower 900 MHz band (902-928 MHz band).
On April 16, NextNav filed a rulemaking petition asking the FCC
to open this proceeding to reconfigure the Lower 900 MHz band and
adopt new rules to enable a terrestrial 3D PNT network to
complement and back up the Global Positioning System (“GPS”). This
rearrangement of the band would also free up 15 MHz of valuable
low-band spectrum for 5G broadband while appropriately protecting
incumbent operations.
“We appreciate the FCC’s public notice, an important next step
in delivering an innovative spectrum solution in the Lower 900 MHz
band,” said NextNav CEO Mariam Sorond. “Providing a complement and
backup to GPS is critical for safeguarding things we need daily —
from location mapping and tracking services to serving as an
important tool for locating emergency callers to addressing
critical infrastructure and national security needs. Moreover, our
plan creates abundance from scarcity in this band by
unleashing much-needed spectrum for wireless technology. These
common-sense solutions can benefit consumers and our national
interests at no cost to taxpayers.”
The FCC has requested comments from the public on this
proceeding that are due September 5, 2024, followed by reply
comments due September 20, 2024. The Commission then considers the
comments and reply comments in developing proposed rules.
NextNav is the primary geographic licensee in the Lower 900 MHz
Band and has used its existing licenses to develop industry-leading
PNT expertise and products. However, much of this band is
underutilized due to a legacy band plan and rules. Reconfiguring
the band would pave the way for terrestrial PNT services as a
complement and backup to GPS. It also would open 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 upon 3D geolocation and PNT technology. Powered by
low-band licensed spectrum, NextNav’s positioning and timing
technologies deliver accurate, reliable, and resilient 3D PNT
solutions for critical infrastructure, GPS resiliency and
commercial use cases.For more information, please
visit https://nextnav.com/ or follow NextNav on Twitter or
LinkedIn.
Forward Looking StatementsThis 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,” “intend,” “seek,” “target,”
“anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,”
and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These statements, which involve risks and
uncertainties, relate to analyses and other information that are
based on forecasts of future results and estimates of amounts not
yet determinable and may also 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
the 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 expansion of its next generation
terrestrial 3D PNT technologies, the business plans, objectives,
expectations and intentions of NextNav, and NextNav’s estimated and
future business strategies, competitive position, industry
environment, potential growth opportunities, revenue, expenses, and
profitability. These statements are based on NextNav’s management’s
current expectations and beliefs, as well as a number of
assumptions concerning future events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside NextNav’s control that could cause actual
results to differ materially from the results discussed in the
forward-looking statements. These risks, uncertainties, assumptions
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 NextNav’s Annual Report on Form 10-K for the year ended
December 31, 2023, as well as those otherwise described or updated
from time to time in our other filings with the Securities and
Exchange Commission (the “SEC”). You are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made, and NextNav undertakes no commitment to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Source: NN-FIN
Media Contact:Howard
Watermanhwaterma@nextnav.com
917-359-5505
NextNav (NASDAQ:NN)
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