OQ Technology has announced the recent, successful launch of the company’s new LEO satellite, MACSAT, aboard Arianespace’s Vega (mission VV23).
This pivotal development will strengthen OQ Technology’s space and ground infrastructures, while broadening satellite coverage. The satellite was launched from French Guiana on Sunday, October 8, 2023, and signal was acquired by a ground station in Lithuania.
By deploying the MACSAT satellite and augmenting its existing constellation of five satellites on-orbit, and with an additional four satellites set for a 2023 launch, OQ Technology underscores the deep commitment to the rapidly growing satIoT market. This market is predicted to exhibit a CAGR of 20% from 2023 to 2032, with an expected valuation of US$ 18 billion by 2032. OQ Technology is strategically positioned at the vanguard of this shift, poised to seize a…
