NextNav's Solution & Spectrum - NextNav holds terrestrial PNT resilience licenses covering over 96% of U.S POPs, and over 4 billion MHz-POPs[17] - The total value of the GPS complement and backup is $14.6 billion[20, 21] - NextNav proposes an optimized band plan with paired 5+10 MHz blocks suitable for PNT and 5G[26] GPS Vulnerability & Need for Backup - GPS limitations include weak signal strength indoors and in urban canyons[10] - GPS is vulnerable to spoofing, jamming, and natural phenomena[10] - A terrestrial GPS complement and backup is urgently needed[8] Economic Impact of GPS Outage - A 1-day GPS outage could result in $1.6 billion in potential U.S economic loss[37] - A 7-day GPS outage could result in $12.2 billion in potential U.S economic loss[37] - A 30-day GPS outage could result in $58.2 billion in potential U.S economic loss[37] - Adopting NextNav's proposal could prevent an economic loss of $663 million (1-day outage), $6.0 billion (7-day outage), or $31.9 billion (30-day outage)[37] Financial Status - NextNav finished the third quarter with $167.6 million in cash, cash equivalents, and marketable securities[41]

NextNav's Solution and Spectrum - NextNav proposes a terrestrial GPS complement and backup using its Lower 900 MHz licenses in partnership with 5G network providers, without taxpayer funding[15] - NextNav holds licenses covering over 96% of U S POPs, and over 4 Billion MHz-POPs[17] - NextNav's spectrum offers long-range coverage and in-building penetration, with a proposed 10MHz downlink for broadband data[20] - NextNav's proposed new band plan optimizes a paired 5+10 MHz block suitable for PNT and 5G services[25] The Need for Terrestrial GPS Complement - A day without GPS would wreak havoc[8] - GPS is vulnerable to spoofing and jamming, as well as natural phenomena[10] - The US needs a system of systems to back up and complement GPS, including a terrestrial component[15] Economic Value and Market Opportunity - The total value of the GPS complement and backup is $14 6 billion[20] - A 1-day GPS outage could result in $1 6 billion in potential U S economic loss, while a 30-day outage could lead to $31 9 billion in losses[35] - Adopting NextNav's proposal could prevent an economic loss of $663 million (1 day outage) to $31 9 billion (30 day outage)[35] NextNav's 5G PNT Network Architecture - NextNav's PNT network will be seamlessly and efficiently integrated into 5G networks[32] - It is capable of leveraging partners' 5G network facilities[32] Financial Position - NextNav finished the second quarter with $176 1 million in cash, cash equivalents, and marketable securities[39]