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NextNav and TRX Systems have announced an integration enhancing public safety tracking through the NEON 3D Personnel Tracker and NextNav’s Pinnacle Service. This collaboration improves vertical accuracy for first responders operating indoors where GPS is limited. NextNav's Pinnacle service provides Z-axis data exceeding FCC accuracy mandates, covering 90% of buildings over three stories in over 4,400 U.S. cities. A field trial with the Arlington County Fire Department will begin soon, with the goal of launching the integrated solution for enhanced situational awareness by late 2021.
NextNav has partnered with Qualcomm Technologies to enhance its Pinnacle 911 z-axis software, helping meet the FCC's z-axis requirements nationwide. The collaboration allows device manufacturers to integrate z-axis capabilities into existing infrastructures for 911 services, covering platforms beyond iOS and Android, such as feature phones and wearables. Pinnacle 911 has demonstrated a 94% success rate for vertical location accuracy. The agreement aligns with NextNav's ongoing effort to advance public safety technologies, aiming for commercial availability in 2022.
NextNav and Satelles have launched an alternative positioning, navigation, and timing (PNT) testbed in the San Francisco Bay Area, enabling the testing of solutions independent of GPS. The demonstration for the U.S. Department of Homeland Security (DHS) highlighted the precision of NextNav's TerraPoiNT network, achieving timing synchronization better than 50 nanoseconds. This initiative aligns with recent CISA recommendations for PNT use in critical infrastructure. The companies' partnership underscores their commitment to enhancing PNT technologies as they prepare for a merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU).
NextNav, a leader in next-generation GPS technology, showcased its innovative vertical geolocation network, Pinnacle, at the recent IWCE conference. VP Gillian Smith stressed the importance of Z-axis adoption for first responders' safety and effectiveness. Pinnacle delivers floor-level altitude measurements exceeding FCC mandates, aiding situational awareness in emergency scenarios. NextNav recently entered a merger agreement with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU), expected to close in Q4 2021, enhancing its market presence.
NextNav, a leader in next generation GPS, has appointed Gillian Smith as Vice President of Marketing. With over two decades of experience and a history as a consultant for NextNav, Smith will play a key role in marketing and communications efforts aimed at enhancing brand awareness. This leadership change comes as NextNav prepares for its merger with Spartacus Acquisition Corporation, expected to close in late Q3 or early Q4 2021, allowing the company to publicly list on Nasdaq under symbols TMTS, TMTSW, and TMTSU. The merger positions NextNav for significant growth within multiple sectors.
NextNav announced the integration of its vertical location service, Pinnacle, into the upcoming mobile game Atlas: Earth. This innovative 3D geolocation technology enhances user experiences by linking gameplay to real-world locations, particularly in urban environments. The game, launching on October 18, 2021, allows users to earn income through virtual real estate transactions. The market for this type of gaming experience is anticipated to grow significantly, reaching over $215 billion by 2024. NextNav also plans to finalize a merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU) soon.
Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU) and NextNav, a leader in next-generation GPS, announced a virtual investor day on September 14, 2021. The event starts at 9:00 AM PT and includes presentations from NextNav executives, showcasing their innovative Pinnacle and TerraPoiNT technologies. Following a merger agreement in June 2021, the combined company will be named NextNav Inc., with common stock and warrants listed on Nasdaq. The merger is anticipated to close by late Q3 or early Q4 2021, pending customary closing conditions.
NextNav has successfully demonstrated the precise timing capabilities of its TerraPoiNT service, evaluated by the Department of Homeland Security’s Science & Technology Directorate. This industry-first trial confirmed TerraPoiNT's effectiveness as a GPS alternative during simulated outages, achieving timing accuracy better than 50 nanoseconds under challenging conditions. The service supports critical infrastructures, including 5G networks and power grids. Following positive evaluations from the Department of Transportation, NextNav is moving forward with its merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU), expected to close in Q3 or early Q4 2021.
NextNav has launched its Unreal Engine plug-in, integrating its vertical positioning service, Pinnacle, enabling developers to enhance applications with precise z-axis geolocation data. This service covers over 4,400 cities in the U.S., supporting over 90% of buildings taller than three stories. The release follows the company receiving an Epic MegaGrant to facilitate this integration. This plug-in aims to advance location-based gaming and visualization, establishing a new standard for immersive experiences in urban environments. NextNav is set to merge with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU).
NextNav, a leader in next-generation GPS, showcased its vertical geolocation network, Pinnacle, at the National Emergency Numbers Association (NENA) Conference. Dan Hight, VP of Business Development, emphasized the need for reliable technology during emergencies, noting that over two-thirds of first responders face inaccurate navigational data. Pinnacle delivers altitude measurements surpassing the FCC's three-meter accuracy mandate across 4,400 U.S. cities. NextNav’s partnership with FirstNet and its integration with Intrepid Networks aim to enhance public safety through improved location intelligence. A merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU) is anticipated in Q3/Q4 2021.
