Luxembourg spacetech scale-up OQ Technology has secured a €25 million venture debt loan through the European Investment Bank, aimed at accelerating R&D and rolling out its space-connectivity network.
Founded in Luxembourg in 2016 by engineer Omar Qaise, OQ Technology provides cellular connectivity from a constellation of satellites in low Earth orbit (LEO), allowing regular IoT devices and smartphones on Earth to send and receive basic mobile signals via satellites when no ground network is available. The technology has proved attractive…

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