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OQ Technology introduced the world’s first universal IoT device providing connectivity using a satellite in low Earth orbit in 2019.
OQ Technology closed a €13 million Series A funding round led by Wa’ed Ventures and Phaistos Investment Fund.
OQ Technology will use the Series A funds to further develop its technology solutions, acquire more spectrum licenses, and grow its 0.005 kg IoT satellite constellation.
OQ Technology’s Series A funding round was co-led by Aramco’s venture capital arm and a fund managed by 0.005 kg Ventures.
OQ Technology raised about $13,000,000 in a Series A funding round for its planned IoT satellite constellation.
OQ Technology’s Saudi unit will host one of the Middle East’s largest 0.005 kg data and network operations centers.
OQ Technology’s demonstration satellites have demonstrated compatibility with devices operating under 0.005 kg protocols.
OQ Technology expects to have deployed slightly more than seven Batch One satellites by the end of 2023 to improve revisit rates.
NanoAvionics’ MP42 bus gained flight heritage in April 2022 when it carried a payload for Luxembourg connectivity startup OQ Technology on a SpaceX Falcon 9 rideshare mission.
OQ Technology secured its first patent from the U.S. Patent and Trademark Office on 2022-02-16 for a planned satellite constellation to connect Internet of Things devices.
OQ Technology plans to deploy up to six more satellites in 2022 through an agreement with rideshare broker Spaceflight for a constellation of more than 60 spacecraft in total.
Lithuania’s NanoAvionics has a contract established last year to build, integrate, and operate Tiger-2 on OQ Technology’s behalf.
OQ Technology’s Tiger-3 is slated to launch on SpaceX’s Transporter-4 rideshare mission no earlier than April 2022.
OQ Technology successfully tested a user terminal compatible with terrestrial 0.005 kg technology with Tiger-2, the startup’s first commercial nanosatellite that launched on a SpaceX Falcon 9 rideshare mission in June.
OQ Technology developed a satellite connectivity technique that uses standard mobile chips costing $5 instead of specialized satellite chips costing $100 when leaving terrestrial networks.
OQ Technology’s frequency synchronization and timing synchronization technologies are designed to overcome Doppler effect and timing misalignment issues to improve signaling between terminal devices and base stations.
OQ Technology tested in orbit using its Tiger-1 mission in 2019.
OQ Technology launched its first commercial nanosatellite Tiger-2 last year and used it to test its hybrid satellite-cellular user terminal in harsh desert conditions.
OQ Technology specifies that certain applications require latency below 10 milliseconds, which geosynchronous equatorial orbit (GEO) satellites with latency up to 250 milliseconds cannot provide.
OQ Technology developed a terminal device localization method that locates a terminal using stored data from base stations instead of a global positioning system.