PNT

NextNav To Acquire Additional Lower 900 MHz Band Spectrum Licenses

Retrieved on: 
Monday, March 11, 2024

MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation. NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock. The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.

Key Points: 
  • MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation.
  • NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock.
  • The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.
  • “We are excited to add additional spectrum licenses to our portfolio and following the close of this significant transaction, NextNav’s combined assets will total 3.5 billion MHz-PoPs of low band spectrum,” stated NextNav CEO Mariam Sorond.

NextNav Announces Date for Fourth Quarter and Full Year 2023 Earnings Call

Retrieved on: 
Wednesday, March 6, 2024

Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I629368796093022208 .

Key Points: 
  • Registration for the conference call can be completed by visiting the following website prior to, or on the day of, the conference call: https://registrations.events/direct/Q4I629368796093022208 .
  • After registering, each participant will be provided with call details and a registrant ID.
  • To access the live webcast or a replay, visit the Company’s investor relations website at https://ir.nextnav.com/ .
  • A replay of the call can also be accessed via phone through March 20, 2024 by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S.

Zighra Awarded Contract with Canadian Coast Guard: Showcasing Multi-Sensor Fusion and AI for automated threat detection and situational awareness.

Retrieved on: 
Tuesday, February 20, 2024

This state-of-the-art technology will enhance the safety and security of Canada’s maritime territories by providing a previously unattainable level of analysis.

Key Points: 
  • This state-of-the-art technology will enhance the safety and security of Canada’s maritime territories by providing a previously unattainable level of analysis.
  • By combining the powers of AI interpretability and multi-sensor fusion, GenesysInsights offers unparalleled automated threat detection and comprehensive situational awareness in maritime environments.
  • "We are excited about our continued collaboration with the Canadian Coast Guard," says Deepak Dutt, CEO of Zighra.
  • Advanced Threat Detection and Response: Elevated capabilities to quickly detect and respond to maritime threats, including sophisticated cyber-attacks.

Asia-Pacific Position, Navigation, and Timing (PNT) Solution Market Analysis and Forecasts, 2023-2024 and 2033 with Focus on On-Going and Upcoming Programs & Start-Up and Investment Landscape - ResearchAndMarkets.com

Retrieved on: 
Friday, March 8, 2024

The "Asia-Pacific Position, Navigation, and Timing (PNT) Solution Market: Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Asia-Pacific Position, Navigation, and Timing (PNT) Solution Market: Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
  • In recent times, significant advancements and growth have been observed in the market for position, navigation, and timing (PNT) solutions.
  • The Asia-Pacific (APAC) region is experiencing substantial growth in the Position, Navigation, and Timing (PNT) solution market.
  • Key players in the APAC position, navigation, and timing (PNT) solution market analyzed and profiled in the study involve major APAC position, navigation, and timing (PNT) solution companies providing solutions, respectively.

Asia-Pacific PNT Solution Market Forecast Report 2023-2033: Deployment of New Low Earth Orbit (LEO) Navigation Satellites Drives Market Growth

Retrieved on: 
Friday, March 8, 2024

In recent times, significant advancements and growth have been observed in the market for position, navigation, and timing (PNT) solutions.

Key Points: 
  • In recent times, significant advancements and growth have been observed in the market for position, navigation, and timing (PNT) solutions.
  • The Asia-Pacific (APAC) region is experiencing substantial growth in the Position, Navigation, and Timing (PNT) solution market.
  • The favored strategy for the companies has been contracts to strengthen their position in the APAC position, navigation, and timing (PNT) solution market.
  • Competitive Strategy: Key players in the APAC position, navigation, and timing (PNT) solution market analyzed and profiled in the study involve major APAC position, navigation, and timing (PNT) solution companies providing solutions, respectively.

Iridium to Expand its Reach as a Global Alternative PNT Service with Acquisition of Market Leader Satelles

Retrieved on: 
Monday, March 4, 2024

MCLEAN, Va., March 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it had entered into an agreement to acquire Satelles, Inc., the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is an easy-to-adopt, highly secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects against GNSS vulnerabilities using low-cost hardware that doesn't require outdoor antennas. This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions. 

Key Points: 
  • This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions.
  • Each of these servers requires time synchronization and can benefit from the in-server room efficiency and resilience delivered by Iridium STL.
  • STL will become a new business line of Iridium, led by Satelles CEO, Dr. Michael O'Connor who will report to Iridium CEO, Matt Desch.
  • A long-standing investor in Satelles, Iridium had an ownership stake of around 20 percent from three previous investments in the company.

Iridium to Expand its Reach as a Global Alternative PNT Service with Acquisition of Market Leader Satelles

Retrieved on: 
Monday, March 4, 2024

MCLEAN, Va., March 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it had entered into an agreement to acquire Satelles, Inc., the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is an easy-to-adopt, highly secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects against GNSS vulnerabilities using low-cost hardware that doesn't require outdoor antennas. This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions. 

Key Points: 
  • This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions.
  • Each of these servers requires time synchronization and can benefit from the in-server room efficiency and resilience delivered by Iridium STL.
  • STL will become a new business line of Iridium, led by Satelles CEO, Dr. Michael O'Connor who will report to Iridium CEO, Matt Desch.
  • A long-standing investor in Satelles, Iridium had an ownership stake of around 20 percent from three previous investments in the company.

Advanced Space's Resilient CAPSTONE Mission for NASA is Operating at the Moon for 445 Days: Continues to Transform Exploration with Cutting Edge Technology

Retrieved on: 
Thursday, February 1, 2024

WESTMINSTER, Colo., Feb. 1, 2024 /PRNewswire/ -- Advanced Space, a leading space tech solutions company, is pleased to announce that CAPSTONE™ – the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment – continues to be "The Little Satellite That Could" as it flies near the Moon over 440 days. The spacecraft is conducting operations in Near Rectilinear Halo Orbit (NRHO); achieving record-long mission operational "up times;" conducting experiments that demonstrate its usefulness for position, navigation, and timing (PNT); and for testing software at the Moon.

Key Points: 
  • CAPSTONE™ continues to be “The Little Satellite That Could” as it flies near the Moon for 445 days.
  • The 112 days were interrupted by a system reset caused by a ground station being unavailable as scheduled.
  • On the positive side, this brief reset meant that the spacecraft operated as designed when it didn't hear from us.
  • Currently, CAPSTONE is using the NASA DSN ground architecture, but other ground segments could be demonstrated.

BAE Systems' enhanced M-Code Global Navigation Satellite System technology reaches major development milestone

Retrieved on: 
Wednesday, January 31, 2024

The MSI includes a Next-Generation Application Specific Integrated Circuit (NG ASIC) which will provide enhanced security and performance of M-Code technology.

Key Points: 
  • The MSI includes a Next-Generation Application Specific Integrated Circuit (NG ASIC) which will provide enhanced security and performance of M-Code technology.
  • It can also be easily transitioned into future BAE Systems M-Code GPS receivers.
  • "Clearing CDR is a major milestone that paves the way for smaller high-performance receivers on the battlefield," said Luke Bishop, director of Navigation and Sensor Systems at BAE Systems.
  • "We are one step closer to delivering our warfighters the next generation of Global Navigation Satellite System Position, Navigation and Timing."

NextNav Announces Appointment of John Muleta to Board of Directors

Retrieved on: 
Monday, January 22, 2024

MCLEAN, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of John Muleta to the company’s Board of Directors, effective January 18, 2024.

Key Points: 
  • MCLEAN, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of John Muleta to the company’s Board of Directors, effective January 18, 2024.
  • Mr. Muleta has been appointed as a member of the Audit Committee of the Board.
  • Following the appointment of Mr. Muleta, the Board is now comprised of seven directors.
  • “We are delighted to welcome John to the NextNav Board of Directors," stated NextNav CEO Mariam Sorond.