NextNav Announces Sanyogita Shamsunder as Chief Operating Officer

Shamsunder brings extensive technology and innovation expertise to lead NextNav’s strategic growth

MCLEAN, Va., May 7, 2024 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN) (“NextNav” or the “Company”), a leader in next-generation positioning, navigation and timing (PNT) and geolocation 3D, announced the appointment of Dr. Sanyogita Shamsunder as the new Chief Operating Officer of NextNav, effective May 9, 2024. In this newly created role, Sanyogita will oversee business development, strategy, product and software, programs and operations, as well as IT.

“The appointment of Sanyogita as Chief Operating Officer of NextNav heralds a new chapter of innovation and growth,” said Mariam Sorond, CEO of NextNav. “His remarkable track record of operational excellence and deep telecommunications expertise will advance our efforts to provide a terrestrial 3D positioning, navigation and timing (PNT) solution to complement and back-up GPS, while freeing up the essential spectrum for 5G broadband.

Dr. Shamsunder joins NextNav with over 20 years of experience leveraging technology and innovation to increase the growth of large companies and technology start-ups. Most recently, she served as Head of Edge Network Infrastructure at Google, where she led the team that developed and maintained Google’s global, multi-vendor Edge network. Prior to that, Sanyogita led various network and product teams at Verizon, including as vice president of product strategy and operations, where she led early development and testing of 5G network technology. Earlier in her career, she launched the first 4G devices and led various spectrum initiatives in collaboration with government and industry groups. Sanyogita holds an MBA from the Wharton School and a PhD in electrical engineering and mathematics from the University of Virginia.

“I am excited to join the NextNav team as they embark on an exciting journey of innovation in PNT and 3D geolocation,” said Dr. Shamsunder. “NextNav’s commitment to mitigating national security risks, unlocking business opportunities, and contributing to public safety with its solutions aligns perfectly with my passion for leveraging technology to drive meaningful change.” I look forward to collaborating with the talented NextNav team to create more value and shape the future. »

About NextNav inc.
NextNav Inc. (Nasdaq: NN) is a leader in next-generation positioning, navigation and timing (PNT), enabling an entirely new ecosystem of applications and services powered by 3D geolocation and PNT technology. Powered by low-band licensed spectrum, NextNav’s positioning and timing technologies deliver accurate, reliable and resilient 3D PNT solutions for critical infrastructure, GPS resiliency and commercial use cases.

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

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may”, ” anticipate”, “believe”, “expect”, “intend”, “could”, “plan”, “possible”, “potential”, “aim”, “strive”, “predict”, “project “, “should”, “could”, “would”, “will” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements, which involve risks and uncertainties, relate to analyzes and other information based on forecasts of future results and estimates of amounts not yet determinable and may also concern NextNav’s future prospects, developments and business strategies. . In particular, these forward-looking statements include the FCC’s approval of the transfer of licenses, the closing of the transactions described herein, the achievement of certain FCC-related milestones, the ability to realize broader spectrum capacity and the advancement of NextNav activities. terrestrial 3D PNT services, NextNav’s position to drive the growth of its 3D geolocation business and the expansion of its next generation terrestrial 3D PNT technologies, NextNav’s business plans, objectives, expectations and intentions, and NextNav’s estimated and future business strategies, competitive position, industry. environment, potential growth opportunities, revenues, expenses and profitability. These statements are based on the current expectations and beliefs of NextNav’s management, as well as a number of assumptions regarding future events.

These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond NextNav’s control and could cause actual results to differ materially from the results discussed in the forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, and NextNav undertakes no obligation to update or revise any forward-looking statements, whether following new information, future events or otherwise. For additional information regarding risk factors, see Part II, Item 1A, “Risk Factors” of the Company’s Quarterly Reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the Company’s Quarterly Reports on Form 10-Q, NextNav Annual Report on Form 10-K. for the fiscal year ended December 31, 2023, as well as those otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”).

Source: NN-FIN

Contact:
Gillian Smith
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