Luxembourg, October 12, 2023 - OQ Technology, a premier 5G NB-IoT satellite operator, proudly announces its accolade: the Best Satellite IoT Award at the Middle East Technology Excellence Awards 2023. This prestigious award, presented by the Asian Business Review Magazine, recognizes exceptional companies in the region that have pioneered technological innovation in their sectors.

OQ Technology's comprehensive range of IoT products and services, including their flagship OQ ONE, cater to a broad spectrum of industries, ranging from oil & gas, logistics, and mining, to maritime, relief efforts, government operations, and advanced agriculture and farming. Constructed to exacting standards, OQ Technology's offerings thrive in even the harshest environments, optimizing productivity and expediting the digitalization of vital applications. This suite of solutions covers areas like wellhead monitoring, livestock management, logistics streamlining for prompt cargo movement, and asset tracking across terrestrial and maritime domains. They also pioneer services such as smart metering and facilitating secure, remote financial transactions.

Omar Qaise, Founder and CEO of OQ Technology, expressed, "We are profoundly honored to accept this award, a testament to the tireless efforts and dedication of the OQ team since our inception. Additionally, we wish to extend our heartfelt gratitude to all our esteemed partners, including Saudi Aramco, the Saudi Communication, Space, and Telecommunication Comission, MBRSC, the Luxembourg Government, Luxembourg Space Agency , and ESA." The accolade was gracefully accepted by OQ Technology's Co-Founder, Mohammed Al Muhairi in Dubai on October 11th, 2023.

Since its inception in 2016, OQ Technology has activated thousands of terminals worldwide, establishing itself as a frontrunner across various sectors. These advanced installations empower companies to align with ESG (Environmental, Social, and Governance) norms, simultaneously enhancing crew safety and security.

Recently, OQ Technology announced the successful launch of MACSAT aboard Arianespace's Vega (mission VV23). This addition propels OQ's LEO fleet count to 6, with ambitions to expand to 10 by the close of 2023 and a staggering 72 satellites by 2025. This crucial advancement promises to bolster both their spaceborne and terrestrial infrastructure while substantially widening satellite coverage. This pivotal milestone not only reinforces our dominance in cellular Direct-to-Device (D2D) technology but also promises to drive revolutionary digital transformation across diverse sectors.

Mr Al Muhairi (Investor CO-Founder at OQ Technolgoy) giving a speech at the Dubai Award Event