Company: NXNVW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001213900-25-023287
Chunk: 284

Company: NEXTNAV INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 284
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 of Pinnacle services to FirstNet® subscribers and certain pricing requirements for our SDKs based on the quantity of usage, revenue sharing, compliance with data rights and privacy, and support requirements; and (ii) AT&T hosting of Pinnacle equipment for altitude determination at AT&T sites, at no recurring cost to us.

We have provided AT&T with performance assurances and certain intellectual property and transition support rights in the event we are unable to continue providing services to AT&T, have significant service outages, or engage in transactions with certain persons. The parties also entered into escrow arrangements on customary terms for intellectual property storage and verification of the deposited escrow materials in various different escrow “lockers,” which could be accessed by AT&T based on different conditions on which the draw down could be made.

In 2019, we entered into an equipment hosting agreement
with AT&T that has a seven-year term (subject to earlier termination after
three years in certain circumstances), expiring in October 2026. Under the
terms of the equipment hosting agreement, AT&T is providing all
site-related services during AT&T’s continued use of the service. Our
services agreement with AT&T for distribution of our services to FirstNet®
customers expires in October 2025. 

Competition and Competitive Advantages

GPS and GNSS services are broadly used across a large
number of both industries and specific use cases, however, multiple
technologies provide, or are planned to provide, services to complement and
backup GPS.  Depending upon the specific
use case, we both compete with and complement other geolocation services, as
part of the “system of systems” required to provide a comprehensive solution to
this market.  Key technologies
participating in this segment include enhanced long-range navigation
(“eLORAN”), low Earth orbit (“LEO”) satellite systems, and various short-range
commercial systems.

●
 eLORAN is an advanced version of the World War II-era
hyperbolic radio navigation system that was developed in response to the
perceived vulnerability of the GNSS systems. eLORAN has historically been
targeted towards maritime and aviation applications.  If deployed, eLORAN may also be well-suited
to long-range time distribution.      

●
 LEO
Satellite Systems offer
primarily timing service based on signals transmitted from LEO satellite
constellations. LEO systems potentially offer global coverage. However, for use