Luxembourg, September 20, 2023 - Fresh from a successful €13 million Series A funding round, OQ Technology, the leading 5G IoT satellite operator, is thrilled to announce the forthcoming MACSAT launch with Arianespace’s Vega on 4th October 2023 (mission VV23). This pivotal step will further fortify its space and ground infrastructure, as well as expand its satellite coverage.

OQ Technology's trailblazing 5G IoT payload equips MACSAT to deliver universal communication services, setting a foundation for a seamlessly connected world. Managed by the European Space Agency (ESA) and funded by the Luxembourg Government, the MACSAT mission is set to augment their 5G IoT capabilities. These advancements cater to pressing needs like greenhouse gas monitoring, supply chain sustainability, and earth observation. They serve pivotal government mandates and numerous sectors, including transportation, agritech, utilities, smart cities, mining, maritime, and energy/O&G. Omar Qaise, Founder and CEO, OQ Technology reflected, "2023 has been monumental for us, marking numerous achievements like the Tiger-4 launch, our alliance with Saudi Aramco, and now the MACSAT venture with the Luxembourg Government and ESA. These endeavors don't just highlight the mutual trust we've nurtured but also the blossoming trajectory of an industry on the brink of massive growth. We're passionately poised at the heart of this evolution, and our accomplishments this year only amplify our zeal for the future."

This Arianespace-coordinated launch will soar aboard a Vega rocket, taking off from the Guiana Space Centre, French Guiana. The mission will examine advanced 5G IoT algorithms, endorse commercial LEO 5G NB-IoT chips, and further augment OQ Technology’s commercial connectivity services. The payload and user terminals is OQ Technology's design including the 5G software stack, and they're in charge of the mission's comprehensive management and operations.

Amid the surging demand for cellular Direct-to-Device (D2D) services, OQ Technology has emerged as a frontrunner. Since their groundbreaking Narrowband IoT Waveform mission in 2019, they've successfully connected cellular IoT devices to LEO satellites. With keen interest from sectors such as energy, logistics, agriculture, maritime, and major telecommunication players eyeing satellite cellular IoT, OQ Technology is perfectly positioned to cater to a broad spectrum of clients in the upcoming year.

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.