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NextNav Inc. (NextNav) is engaged in delivering positioning, navigation and timing (PNT) solutions that overcome the limitations of the existing space-based global positioning system (GPS). NextNav delivers differentiated PNT solutions through its network-based Pinnacle and TerraPoiNT solutions. Pinnacle is its z-axis service, a vertical positioning network to cover the entire metropolitan area. Its Pinnacle system provides floor- level altitude service to any device with a barometric pressure sensor, including Android and iOS smartphones, and enables full 3D location at national scale. Its TerraPoiNT system is a terrestrial-based, encrypted network designed to overcome the limitations inherent in the space-based nature of GPS. It also provides advanced geolocation solutions to Internet of Things (IoT) modem and digital signal processor vendors and end IoT users. Its target customers include application developers and others selling PNT products and systems to end users.
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