iot squared and OQ Technology have signed a Memorandum of Understanding (MoU) that will help expand satellite IoT connectivity in Saudi Arabia.
OQ Technology claims to be the first global satellite telecom operator for IoT connectivity using 5G protocol, while iot squared is a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and stc Group (stc).
The agreement will see OQ Technology provide iot squared with satellite IoT connectivity services and products, as well as supporting its technical development. The partners will also collaborate to identify target markets, verticals and applications that require satellite IoT services in the Kingdom and provide them with the necessary solutions.
Othman Al Dahash, CEO of iot squared, said: “By providing coverage and connectivity anywhere in the country, the integration of satellite IoT services and solutions in the Kingdom will drive the adoption of IoT solutions. Thanks to our latest partnership with OQ Technology, not only will we leverage the company’s expertise and existing products to support iot’s technical development and products, but together we will drive the adoption of IoT services, helping to achieve national digital transformation objectives, and motivating research and development across Saudi Arabia.”
Omar Qaise, founder and CEO of OQ Technology, said: “5G networks are designed to address highly complex services, and applications such as the support of billions of interconnected devices known as massive machine communication. The problem is that only 25% of the Earth’s land mass today is covered by cell towers. At OQ Technology we are working to address this problem by enabling 5G-based massive machine communication all over the world using a constellation of nanosatellites which ensure a truly low latency of only a few milliseconds.”
“By partnering with iot squared, we will now be able to use our shared networks, resources and expertise to identify new target markets and applications that require satellite IoT services in Saudi Arabia and work together to identify solution requirements, while advancing the adoption of IoT solutions in support of the country’s digital transformation objectives.”