On November 2, 2022 we were thrilled to announce the acquisition of Nestwave. AiThority recapped our announcement highlighting the reduction in deployment time and cost of our TerraPoiNT system. This will enable us to serve the crucial markets of timing for critical infrastructure, aviation, automotive, IOT and other mass market applications sooner.
“The combination of NextNav’s technology with Nestwave’s LTE/5G capabilities will allow NextNav to intelligently combine signals from existing terrestrial LTE/5G networks with its own highly synchronized TerraPoiNT system to deliver near nationwide resilient 3D position, navigation and timing (“PNT”) capabilities which will contribute to dramatically lower deployment costs. The Company expects to reduce its deployment costs by approximately 75% or in excess of $250 million, along with a commensurate reduction in associated network OpEx costs, enabling it to serve the crucial markets of timing for critical infrastructure, aviation, automotive, IOT and other mass market applications sooner.”
Read the full article on aithority.com.