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NextNav Partners with Tiami Networks for 5G Drone Detection Solutions
NextNav announced Tiami Networks as a sensing ecosystem partner for 5G-powered counter unmanned aircraft system detection solutions. The integrated sensing and communications-focused partnership between the companies will advance NextNav's effort to leverage its 5G PNT Network to simultaneously deliver scalable long-range, wide-area sensing capabilities. The partnership builds on NextNav's investments in a ground-based 5G-powered 3D PNT solution utilizing its licensed Lower 900 MHz band spectrum. "NextNav is excited to partner with Tiami Networks as it continues to evaluate how 5G-powered sensing can support counter-UAS detection and other mission-critical airspace and ground-based applications," said David Gell, Vice President of Business Development at NextNav. "The need for longer range situational awareness has never been more urgent as drones continue to threaten large-scale events, critical infrastructure, and government and military facilities including airports."
NextNav Reports Q2 Revenue of $1.15M, Exceeding Estimates
Reports Q2 revenue $1.15M, two estimates $900,000. "We are pleased to have strengthened our position across every dimension of our business, from our balance sheet and strategic partnerships to our regulatory engagement and technology validation," said Mariam Sorond, CEO of NextNav. "We continue to work constructively through the FCC and interagency process while demonstrating the real-world capabilities of our terrestrial 5G-powered 3D PNT solution. Our conviction remains unchanged that NextNav can play a critical role in enabling a resilient, future-proof complement and backup to GPS. We have full trust in an FCC process that has, time and time again, successfully resolved spectrum matters through a transparent, engineering-driven process."
NextNav Partners with Safran for 5G Positioning Integration
NextNav announced an agreement with Safran Electronics & Defense to integrate and demonstrate interoperability between NextNav's terrestrial 5G Positioning, Navigation, and Timing network in Santa Clara County, California, and Safran's timing and navigation receiver. The collaboration aims to evaluate how terrestrial 5G-powered PNT capabilities can complement existing navigation and timing technologies and contribute to more resilient positioning, navigation, and timing solutions including drones, autonomous systems, critical infrastructure, and public safety operation.
NextNav Stock Rises 10.5% to $22.15
NextNav is up 10.5%, or $2.10 to $22.15.
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