<Navy Blue Corporate Palette>
1. Primary Navy - 
                            
                            #001F3F
                         - A deep, rich navy blue that conveys professionalism and trustworthiness, perfect for primary branding elements.
2. Sky Blue - 
                            
                            #00A3E0
                         - A vibrant sky blue that complements the primary navy, adding a fresh and modern touch, suitable for secondary branding or highlights.
3. Light Gray - 
                            
                            #D3D3D3
                         - A soft, neutral light gray that balances the boldness of the navy, ideal for backgrounds or text to maintain readability.
4. Coral Accent - 
                            
                            #FF6F61
                         - A warm coral that serves as an accent color to draw attention to key areas, such as calls to action or important information.
5. White - 
                            
                            #FFFFFF
                         - A clean, crisp white for backgrounds or text, enhancing clarity and contrast against darker colors in the palette.

This color palette combines the professionalism of navy blue with modern accents, making it suitable for corporate branding in various industries. The primary navy is strong and authoritative, while the secondary sky blue adds a touch of vitality. The light gray and white ensure readability and balance, while the coral accent provides a lively contrast to highlight key elements.

Follow-up Questions:

1. What specific industry or type of business will this color palette be used for?
2. Are there any particular themes or emotions you want to convey with this palette?
3. Would you like to explore additional colors or variations within this palette?