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OQ Technology Secures $25.0

Recently funded · $25.0M UnknownTechnology, Information and MediaLUView source

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Bringing 5G-powered IoT connectivity to the most remote corners of the globe, OQ Technology has raised $25.0M to further its satellite telecom operations. The company, which positions itself as the world's first satellite telecom operator for global IoT using 5G protocol, focuses on providing essential connectivity for asset management and tracking in sectors like Oil & Gas, Maritime, Industry 4.0, and Transport.

Its wireless technology, developed with the Luxembourg government and the European Space Agency, offers low-cost, plug-and-play solutions for everything from digital oilfield applications to predictive maintenance.

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