MetCom and NextNav Sign Commercial Agreement to Scale Pinnacle in Japan

Rhea-AI Summary

NextNav has partnered with MetCom for the international rollout of its Pinnacle vertical location service in Japan. Starting in October 2022, the service will initially cover Tokyo and Osaka, with plans for broader deployment across major cities in 2023. The technology aims to enhance geolocation services by adding a vertical dimension, addressing the needs of various sectors, including public safety, gaming, and advertising. This marks NextNav's first large-scale deployment outside the United States.

Positive

• Commercial agreement with MetCom for Pinnacle service in Japan enhances international presence.
• Deployment in Japan will cater to diverse sectors, improving public safety and other applications.
• First international rollout demonstrates growth potential for NextNav's technology.

Negative

• None.

Deployment of Pinnacle vertical location service in Japan marks first international rollout of NextNav's 3D geolocation technology

MCLEAN, Va., June 29, 2022 /PRNewswire/ -- MetCom and NextNav today announced a commercial agreement for the nationwide deployment of 3D geolocation services in Japan, starting with the rollout of the Pinnacle vertical location service. MetCom will start commercial operation in October 2022 following the successful pilot in Tokyo this past year. The Pinnacle service will first be deployed in the densely populated Tokyo and Osaka metropolitan areas, with a plan to expand coverage to major cities across Japan in 2023. Pinnacle will enhance the experience of geolocation services from two dimensions to include a vertical third dimension, and will serve unmet needs in both public and commercial sectors.

This partnership will be the first large-scale commercial deployment of NextNav's Pinnacle technology outside of the United States and leverages MetCom and NextNav's deep history and management expertise in the globalization of wireless industry standards and technologies. NextNav Pinnacle's precise vertical positioning is available across more than 4,400 US cities and towns, and currently in use by emergency services across the public safety ecosystem as well as consumer, IoT, gaming, and construction applications in the United States.

MetCom and NextNav are additionally working to enable TerraPoiNT's resilient back-up GPS service in Japan to further augment these capabilities in the future.

"We are pleased to introduce the Pinnacle vertical location network and service across Japan," said Hiroki Hirasawa, President of MetCom. "This innovative technology, which provides floor-level vertical location indoors and underground, is critical for a country that has so many individuals living and working in multi-story buildings. We look forward to offering this experience to public safety and emergency services, as well as various industries including data analysis, advertising, gaming and construction, by enhancing user experiences by using geolocation in new ways."

"We are excited that our commercial agreement with MetCom will bring new geolocation capabilities to a host of life saving applications, as well as gaming, augmented reality and the Metaverse, in a highly urbanized and vertical market such as Japan." said Ganesh Pattabiraman, CEO and co-founder of NextNav.

The first phase of Pinnacle vertical location deployment in Japan will start in October 2022 with a nationwide urban deployment anticipated in 2023.

Source: NN-FIN

About MetCom
MetCom, Inc. was established to provide wide-area, high-precision 3D positioning that visualizes "what, when, and where". It overcomes GPS weaknesses such as "indoors", "underground", "building districts", "vertical positioning", and "security", and provides 3D positioning services that can be used universally both outdoors and indoors. We aim to develop and operate social infrastructure that brings safety and security to the society and makes citizens' lives more convenient

About NextNav
NextNav Inc. (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company's Pinnacle network delivers highly accurate vertical positioning to transform location services, reflecting the 3D world around us and supporting innovative, new capabilities. NextNav's TerraPoiNT network delivers accurate, reliable, and resilient 3D positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS.

For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn. 

Contact
media@nextnav.com

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SOURCE NextNav

FAQ

What is the significance of NextNav's partnership with MetCom?

The partnership marks NextNav's first international rollout of its Pinnacle vertical location service in Japan, expanding its global presence.

When will the Pinnacle vertical location service be operational in Japan?

The service is set to begin commercial operations in October 2022.

Which cities in Japan will initially receive the Pinnacle service?

The service will first be deployed in the metropolitan areas of Tokyo and Osaka.

What sectors will benefit from the Pinnacle vertical location service?

Sectors including public safety, gaming, advertising, and data analysis will benefit from enhanced geolocation capabilities.

What future developments are planned for the Pinnacle service in Japan?

NextNav plans to expand coverage to major cities across Japan in 2023.