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Investing.com -- NextNav Inc. (NASDAQ:NN) stock rose 2.1% following the company’s announcement of a significant advancement in its next-generation positioning, navigation, and timing (PNT) solution that operates on standard 5G network equipment.
The terrestrial positioning technology provider successfully demonstrated its PNT capabilities using Lekha Wireless Solutions 5G base stations with Positioning Reference Signal (PRS) enabled. The demonstration delivered accurate timing and positioning information while simultaneously handling both downlink and uplink data transmissions, representing a major milestone toward commercial deployment.
"This latest achievement highlights the seamless integration of NextNav’s technology and 5G, reinforcing the scalability and practicality of a resilient terrestrial complement to GPS," said Sidd Chenumolu, Chief Business Development Officer at NextNav.
The company’s technology utilizes standards-based 5G PRS in the lower 900 MHz band spectrum for terrestrial PNT and combines it with barometric pressure sensors to achieve vertical accuracy. This approach aligns with NextNav’s 3D PNT architecture, which aims to provide positioning services that complement or serve as alternatives to traditional GPS.
NextNav plans to showcase this technology advancement at the upcoming MWC Las Vegas event. The company views this development as one of the final steps toward a widescale commercial 5G-powered 3D PNT solution that can be efficiently deployed using existing 5G equipment.
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