BitPath to enter the fast-growing Positioning, Navigation and Timing (PNT) Market
BitPath today announced plans to launch its broadcast data network this year with game-changing new Position, Navigation and Timing (PNT) services. BitPath executives and engineers will preview the new services for broadcasters in Las Vegas beginning on Sunday, April 24. Interested broadcasters can reserve a time by signing up on BitPath’s home page at www.bitpath.com.
PNT is one of the fastest growing sectors in technology, with applications across the economy. The compound annual growth rate of the PNT sector is projected to be above 22% for the next decade, compared to 9% for streaming services. Through BitPath, broadcasters can participate in this rapidly growing market without compromising their core over-the-air broadcast service.
Errors inherent in today’s free and inexpensive location services lead to inefficiencies and accidents. Consumers are familiar with misdelivered packages, missed exits, and missed rideshares. Today’s higher precision services are expensive, do not scale well, or do not perform well in urban areas, limiting their use mainly to commercial, agricultural, and governmental applications. Using robust modes of ATSC 3.0, BitPoint™ and NavPath™ are designed to serve tens of millions of users and devices, 24x7x365, at a small fraction of the cost of other services.
PNT services have especially high value to public safety and first responders. BitPath plans to make a tier of NavPath™ available to them at no cost, consistent with broadcasters’ longstanding commitments to serving the public interest.
BitPath is planning launch of NavPath™ in several markets this year with expansion over the next year to BitPath’s entire footprint.
John Hane, President of BitPath, said “We think the revenue potential of ATSC 3.0 is enormous, and NavPath™ and BitPoint™ are ideal broadcast data services. They require a tiny amount of broadcast capacity, yet the data has extremely high value to users. And BitPath’s broadcast architecture means infinite scalability at low cost in urban and suburban areas, a combination existing services can’t match.”
“Everyone uses location services every day, and the value of precise location will grow exponentially with demand for autonomous transportation and delivery, augmented reality, Internet of Things, environmental monitoring, and other technologies on the horizon,” said BitPath COO Sasha Javid. “We want BitPath’s suite of PNT services to allow everyone – and every device – to have access to high precision, low-cost location services all the time.”
About BitPath
BitPath is the broadcaster-owned venture focused exclusively on leveraging ATSC 3.0 to create new revenue streams for television broadcasters. BitPath stations cover almost four in five ATSC 3.0 markets nationally, with more markets launching every quarter. Already live in 37 markets covering almost 40% of the population, BitPath stations will comprise the world’s largest ATSC 3.0 data broadcast network.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220422005598/en/
Contacts
John Hane – jhane@bitpath.com
