IoT NOW covered our recent acquisition of Nestwave, a low power geolocation company based in Neuilly-sur-Seine, France. Nestwave provides advanced geolocation solutions to Internet of Things (“IoT”) modem and digital signal processor vendors and end IoT users.
“The acquisition of Nestwave presents a unique opportunity for NextNav to optimise further the use of its existing spectrum bandwidth, while contributing to a drastic decrease of our TerraPoiNT system’s future capital and operating expenditures,” says Ganesh Pattabiraman, NextNav co-founder and CEO. “By leveraging Nestwave’s unique technology and ambient LTE/5G waveform, NextNav can gain significant spectral efficiency, accelerate the availability of resilient PNT and release the underlying spectrum’s capacity for additional data-oriented services. An LTE/5G waveform also enables broader penetration of NextNav’s applications and technology across the handset and device ecosystem for all of its products and target markets.”
Read IoT NOW’s full coverage here.