• The additional 5G NB-IoT satellite will increase speed, capacity, and coverage while acting as an enabler for enterprise and government customers.

• This will benefit a range of sectors, including Energy (Oil & Gas, Utilities, Renewable), Government, Transportation & Logistics, Agriculture, and Maritime.

• The satellite IoT market is projected to grow at a CAGR of 20% between 2023 and 2032 and is forecasted to generate US$ 5 billion in 2032

Vandenberg Space Force Base – California - June 14, 2023, OQ Technology is excited to announce the successful launch of its new Low Earth Orbit (LEO) satellite, Tiger-4 on board SpaceX Transporter-8 rideshare mission using the Flacon 9 rocket. This state-of-the-art satellite further strengthens OQ Technology’s innovative satellite network, bringing the company one step closer to achieving global coverage for its pioneering 5G NB-IoT services. The launch took place successfully on June 12th, 2023, and the satellite was deployed from the rocket into orbit. The satellite signal was successfully detected and acquired by the Vilnius ground station the next day. It is currently operating nominally. OQ Technology made a major announcement earlier this year, detailing its goal of expanding its constellation of Low Earth Orbit (LEO) satellites from three to ten. The company is now well on track to achieving this objective, with the successful launch of the Tiger-4 satellite representing a significant milestone in OQ's mission to provide ubiquitous coverage of 5G NB-IoT connectivity to government and enterprise clients on a global scale. The new satellite has been designed with standard 5G NTN protocol considerations to support seamless integration and interoperability within terrestrial IoT ecosystems as set by 3GPP. It provides valuable solutions for Mobile Network Operators (MNOs) with reliable solutions for critical IoT applications.

By working with notable partners OQ Technology reinforces its commitment to delivering robust, reliable, and technologically superior services. Omar Qaise, Founder and Chief Executive Officer at OQ Technology, said: “We are proud and delighted to announce the successful launch of our new Tiger-4 satellite. The advanced features and technologies of the satellite are a testament to the skill, commitment, and expertise built up within our team. Tiger-4 showcases the cutting-edge engineering and technical capabilities we now possess, enabling us to design and build world-class space technologies. This satellite brings OQ a step closer to having a comprehensive network supporting our commercial growth plans.”

Greater coverage, faster speeds The importance of 5G technology in satellite IoT (Internet of Things) lies in its ability to provide high-speed, reliable, and low-latency connectivity to a wide range of devices, including those in remote and difficult-to-reach locations. In satellite IoT, 5G technology enables the integration of satellite networks with terrestrial networks, creating a seamless and unified network that can support a wide range of applications, including smart agriculture, pipeline monitoring, transportation tracking, and much more. Moreover, 5G technology enables satellite IoT devices to operate in challenging environments, such as harsh weather conditions, remote locations, or disaster areas, where traditional communication networks may not be available.

Enabling secure, reliable, and affordable IoT and M2M solutions Overall, 5G technology in satellite IoT can provide significant commercial benefits for businesses, organizations, governments, and individuals by enabling the creation of a connected and intelligent world that is more efficient, secure, and sustainable. Tiger-4 will unlock a vast array of IoT solutions that have been specifically designed for land, maritime, and aerospace applications. *(Source: GMI May 2023).

Watch full launch event and Interviews: Launch Event and Interviews

Watch Launch and deployment of the satellite: https://youtu.be/Giev0zbM-cM

Watch first signnal acquisition of the satellite: Tiger-4 AOS

ENDS

About OQ Technology: www.oqtec.com OQ Technology is the world’s first satellite 5G IoT operator that provides global cellular Internet-of-Things and Machine-to-Machine communication solutions through satellites. The company has successfully implemented and demonstrated Narrowband IoT connectivity over Low Earth Orbit satellites and is deploying a global constellation to provide 5G IoT telecommunication services for mobile operators and customers in industries such as energy, mining, logistics, maritime, agriculture, and defense. The company’s patented technology that can be easily embedded in existing 5G chips allows billions of users around the world to have ubiquitous IoT connectivity anywhere and using both terrestrial and satellite networks.