OQ Technology is a global 5G IoT network operator and satellite telecom company. They provide satellite-based connectivity solutions for IoT devices, particularly in remote areas, utilizing a LEO satellite constellation. Their services cater to industries like oil & gas, maritime, and logistics, offering asset tracking and data analytics. OQ Technology has partnerships with major players such as Aramco, Telefonica and ESA.
All verified mentions of this organization in source documents.
OQ Technology has raised approximately €68 million across three funding rounds.
OQ Technology completed an end-to-end 5G NB-IoT link between its low Earth orbit constellation and a standard Nordic Semiconductor nRF9151 chipset with no hardware modifications in December 2025.
OQ Technology received a €25 million European Investment Bank venture debt facility in February 2026 under the InvestEU program.
OQ Technology is a Luxembourg-based satellite operator building a low Earth orbit constellation for 5G NB-IoT and direct-to-device connectivity.
OQ Technology raised a €30 million Series B in 2024 that included a €15 million injection from the Luxembourg Space Sector Development fund.
Omar Qaise founded OQ Technology in 2016 after working at ESA, OHB Systems, the German Aerospace Centre, EUMETSAT, and SES.
OQ Technology has built its system around the 5G NTN standard.
OQ Technology operates 10 satellites in low Earth orbit.
OQ Technology raised a €13 million Series A in 2022 co-led by Saudi Aramco’s venture arm and 5G Ventures.
Luxembourg-based OQ Technology secured €25 million in European Investment Bank venture debt financing in February to support the launch of more than 20 satellites over the next two years.
Nordic Semiconductor, Sateliot, OQ Technology, Skylo, and Kyocera AVX are listed as technology partners in Deutsche Telekom's Multi-Orbit Early Adopter Program.
OQ Technology is the prime contractor for BEAMSAT-5G.
OQ Technology expects the first beamforming-enabled payloads to be deployed in late 2027.
OQ Technology secured €25 million in venture debt from the European Investment Bank in February 2026.
The European Space Agency awarded OQ Technology a €1 million contract for the BEAMSAT-5G project.
OQ Technology’s MACSAT and TIGER mission series provided the technical baseline for BEAMSAT-5G.
OQ Technology is launching a batch of three direct-to-device satellites equipped with first-generation payloads.
The European Investment Bank financing is intended to accelerate OQ Technology’s low-Earth orbit constellation deployment.
OQ Technology became the first operator in Europe to demonstrate emergency message broadcasting directly to unmodified smartphones.
OQ Technology Hellas built two of the ERMIS satellites.