OQ Technology S.à r.l.

OQ Technology S.à r.l.
Description: OQ Technology S.à r.l. is the pioneering Luxembourg-based operator of a 5G NB‑IoT LEO satellite constellation, delivering seamless hybrid cellular–satellite connectivity for IoT applications globally. With demonstrable in-orbit successes (TIGER‑1), strategic ESA-backed programmes (MACSAT, Direct-to‑Cell), and robust Series B backing from government and major industry players, OQ is uniquely positioned to bridge terrestrial coverage gaps for critical industries worldwide.
Vision:
To become the benchmark for hybrid cellular–satellite IoT, enabling seamless data flow for industries operating in the most remote and challenging environments.
Mission:
To revolutionize IoT connectivity by offering ubiquitous, secure, and scalable 5G NB‑IoT services through LEO satellites, augmenting terrestrial networks.
Contact:
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Funding:
  • Grant: Jan 1, 2017, €0.235 million
  • Grant: Aug 1, 2018, €6 million
  • Seed Funding: Jul 1, 2019, $: US Dollar1.5 million
  • Seed Funding: Sep 1, 2022, $: US Dollar13 million
  • : Oct 21, 2024, €30 million
  • Pre-Seed Funding: , € million
Total Funding: $: US Dollar54.1 million
Key Milestones:
  • 2016: Company established in Luxembourg.
  • 2019: Demonstrated NB‑IoT over LEO with TIGER‑1 mission in partnership with GomSpace.
  • 2023: Announced expansion from 3 to 10 satellites (MACSAT, PHI‑Demo, Tiger‑4 to Tiger‑8).
  • 2024: Signed ESA contract “MACSAT 2.0” for Direct‑to‑Cell feasibility study under LuxIMPULSE.
  • 2024: Secured EIC Accelerator funding (€2.5 M grant + up to €15 M equity).
  • 2024: Raised convertible loan Series B (€30 M plan; convertible portion from LSSD fund co‑led by SES and Luxembourg gov’t).
  • : Signed roaming agreement with Deutsche Telekom; expanded patent portfolio; ESA Zero Debris Charter signatory.
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