New partnership aims to improve traffic, energy, safety and quality of life
Riyadh, Saudi Arabia, 15 May 2023 – iot squared, an Internet of things (IoT) technology company and a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and stc Group (stc), has signed a Memorandum of Understanding (MoU) with OQ Technology, the world's first global satellite telecom operator for IoT connectivity using 5G protocol. The MoU was signed by Shabbab Al Ghamdi -Public IoT Solutions VP, and Omar Qaise, Founder and CEO of OQ Technology.