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Press Release

Psionic SurePath™ Technology Delivers Reliable, Affordable GPS Alternative for Autonomous Ground Navigation

December 12, 2023

New Vista to serve as strategic advisor, accelerating Psionic’s growth in commercial navigation

New Vista co-founder Dennis Muilenburg joins Psionic Board of Directors

HAMPTON, VA, SEPTEMBER 27, 2023—Psionic, designer and manufacturer of SurePath™ next-generation lidar-based navigation technology, announced today that it is on track to bring a reliable and affordable GPS-alternative for autonomous ground navigation to customers in the commercial market by early 2024.

“SurePath’s proprietary and entirely new surface-relative velocity technology has the potential to dramatically transform navigation worldwide,” said Steve Sandford, Psionic founder and CEO.

Psionic’s announcement comes as it enters a relationship with New Vista for strategic advisory services and as New Vista Co-founder and CEO Dennis Muilenburg joins the Psionic Board of Directors.

“We are pleased to welcome Dennis and the New Vista team to advise us in our next phase of growth,” said Psionic Chairman Jerry Miller. “Dennis’s manufacturing leadership and customer relationship expertise supports our plans to make our SurePath technology more broadly available across the global marketplace.”

SurePath will be available to commercial customers starting in early 2024 with a number of product partnerships expected to be announced in the coming months. SurePath is based on technology developed at NASA for lunar landing missions and is presently under evaluation by various organizations within the United States Department of Defense. SurePath has been selected to address the critical problem of navigating in GPS-denied environments due to obstruction, jamming or satellite outage.

“SurePath’s optical-based velocity measurement sensor is a must-have in next-generation navigation," Muilenburg said. “The New Vista team is eager to help bring this true backup for GPS and needed technology for positional accuracy to market.”

About New Vista

New Vista is a strategic advisory, venture and private equity firm focused on transforming aerospace, space and national security. Co-founders include Kirsten Bartok Touw, Dennis Muilenburg and Travis Nelson.

New Vista’s proven team and group of advisors know how to translate promising advances into successful business results that create jobs and help fuel the economy. The multidisciplinary expertise and experience in emerging technologies, manufacturing, supply chain, logistics, finance, government and regulatory, executive leadership, and talent development is a differentiator in the complex business sector. Learn more at newvistacap.com.

About Psionic

Psionic advanced navigation technology provides unique capabilities for manned and unmanned ground and aerial platforms in commercial, defense and space exploration applications. The company was founded in 2016 by former NASA engineers and scientists with deep domain expertise. Learn more at psionicnav.com.

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