NEXTNAV INC.

NEXTNAV INC. is a market leader providing resilient, next-generation, complementary positioning, navigation, and timing ("PNT") solutions. These solutions are designed to address the limitations and vulnerabilities of existing space-based Global Navigation Satellite Systems ("GNSS"), including the Global Positioning System ("GPS"). PNT services are integral to the economy, supporting cellular and electrical distribution systems through GPS-based timing, and enabling the mobile app economy with location services for innovation, data, and advertising revenue. Public safety and enhanced 911 ("E911") also rely on location services. The company's technology includes a ground-based transmitter network that operates on low-band spectrum assets, similar to GPS satellites. Unlike satellites, these network signals are designed to be stronger and resistant to jamming or spoofing. Being terrestrial and low-band, the signals can penetrate buildings. This allows the technology to complement satellite-based GPS, particularly in urban areas or indoors, and serve as a backup if traditional GPS fails due to jamming, spoofing, technical failures, solar flares, or other risks to satellite services. Additionally, NEXTNAV INC. offers three-dimensional location-based services. Its core Pinnacle technology utilizes barometric sensors in smartphones and other communication devices, along with a network of sensors, to determine vertical, or "z-axis," location. This technology provides accurate vertical location data to assist first responders, dispatchers, and others, and could potentially be used for autonomous systems, such as drones, that require precise 3D mapping in urban areas.