OQ Technology has introduced the latest, profitable launch of the corporate’s new LEO satellite tv for pc, MACSAT, aboard Arianespace’s Vega (mission VV23).

This pivotal improvement will strengthen OQ Technology’s house and floor infrastructures, whereas broadening satellite tv for pc protection. The satellite tv for pc was launched from French Guiana on Sunday, October 8, 2023, and sign was acquired by a floor station in Lithuania.

By deploying the MACSAT satellite tv for pc and augmenting its present constellation of 5 satellites on-orbit, and with an extra 4 satellites set for a 2023 launch, OQ Technology underscores the deep dedication to the quickly rising satIoT market. This market is predicted to exhibit a CAGR of 20% from 2023 to 2032, with an anticipated valuation of US$ 18 billion by 2032. OQ Technology is strategically positioned on the vanguard of this shift, poised to grab a major market portion and elevate its industrial achievements.

At the guts of this revolution lies the combination of 5G expertise with satIoT. This combo heralds outstanding industrial benefits for companies, governments, organizations, and people. OQ Technology has efficiently related mobile IoT gadgets to LEO satellites. As sectors reminiscent of power, logistics, agriculture, maritime, and telecom corporations present rising curiosity in satellite tv for pc mobile IoT options, OQ Technology is properly positioned to cater to a broad vary of clientele through the upcoming 12 months.

“We are immensely proud to unveil the successful launch of the MACSAT satellite. I seize this moment to extend gratitude to the Luxembourg Government and the European Space Agency (ESA) for their unwavering trust and support for this mission. This significant stride will bolster both our space and terrestrial infrastructures, and further our commercial triumphs in the future.” — Omar Qaise, Founder and Chief Executive Officer of OQ Technology