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The Series B round would support OQ Technology’s plans to deploy 20 more satellites by the end of next year.
Luxembourg Space Sector Development (LSSD) invested in OQ Technology on 2024-10-21.
OQ Technology deployed the first batch of its satellites beginning in 2019.
OQ Technology raised a €13 million Series-A round in 2022.
OQ Technology is seeking additional funding to expand its satellite constellation by raising the remaining amount of its Series-B round.
OQ Technology has deployed NB-IoT connectivity via Low Earth Orbit (LEO) satellites.
OQ Technology is establishing a global LEO satellite constellation catering to mobile operators and clients in sectors including energy, mining, logistics, maritime, and agriculture.
OQ Technology’s constellation uses 3GPP-standard based LEO satellites to provide low-latency and large-capacity communication.
Transatel and OQ Technology will offer a converged mobile satellite connectivity service providing global IoT network coverage.
OQ Technology has 10 satellites in orbit and plans additional launches to expand its constellation.
OQ Technology operates a 3GPP-standard-based Low Earth Orbit (LEO) satellite constellation.
Transatel and OQ Technology will offer a converged mobile satellite connectivity service providing global IoT network coverage.
OQ Technology Group launched two Low Earth Orbit satellites named TIGER-7 and TIGER-8 on SpaceX’s Falcon 9 rideshare mission Transporter-10.
OQ Technology Group completed its LEO batch-1 satellites for the constellation with the launch of TIGER-7 and TIGER-8.
OQ Technology Group has been rapidly launching satellites since last year to complete batch-1 capable of providing global narrowband IoT coverage.
The launch of TIGER-7 and TIGER-8 completes OQ Technology Group’s LEO batch-1 satellites for the company’s constellation.
OQ Technology Group launched two LEO satellites named TIGER-7 and TIGER-8 aboard SpaceX’s Falcon 9 rideshare mission Transporter-10.
OQ Technology Group has been launching multiple satellites since last year to complete its batch-1 that can provide global narrowband IoT coverage.
OQ Technology’s Tiger-7 and Tiger-8 are 6U nanosatellites that will expand its 0.005 kg Narrowband-IoT constellation in low Earth orbit to ten satellites.
Tiger-7 and Tiger-8 are 6U nanosatellites that constitute the fifth and sixth satellites NanoAvionics has manufactured for OQ Technology.