NextNav Inc. (NN)

Profile

https://nextnav.com

NextNav Inc. is a leader in next-generation positioning, navigation, and timing (PNT) solutions, pioneering advanced 3D geolocation technologies designed to complement and enhance GPS capabilities. The company operates the Metropolitan Beacon System (MBS), a terrestrial wide-area location and timing network utilizing low-band licensed spectrum in the 920-928 MHz band. Unlike satellite-based GPS, MBS delivers reliable indoor positioning in urban environments and areas with poor satellite signal reception, while consuming significantly less power and providing precise floor-level altitude determination. NextNav's Pinnacle vertical location service operates across thousands of U.S. cities through partnerships with major telecommunications providers and first responders. The company serves critical infrastructure, national security, public safety, and commercial sectors including mobile phones, Internet of Things devices, and enterprise applications. By offering redundancy and resilience to GPS infrastructure, NextNav addresses vulnerabilities related to jamming and spoofing while enabling new location-based services and applications. Founded in 2007 and headquartered in Sunnyvale, California, the company went public on Nasdaq in October 2021.