OQ Technology strikes new MoU with Saudi Aramco to strengthen ties

By Shilpa Annie Joseph, Official Reporter
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OQ Technology strikes new MoU with Saudi Aramco
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OQ Technology, the world’s first satellite 5G IoT operator, has signed a memorandum of understanding (MoU) with Saudi Aramco in order to further strengthen their existing collaboration and expand Satellite IoT services and solutions for connecting Aramco’s Intelligent Integrated Node (IIN) technology.

The new MoU will create investment opportunities by converging automation and connectivity technologies, driving value creation in the Kingdom of Saudi Arabia.

IIN technology is an innovative automation infrastructure technology invented by Aramco and developed by MOXA Inc. It combines instrumentation control, monitoring, and edge computing capabilities into a single fault-tolerant device.

According to the statement, “The significance of this collaboration lies in the synergy between Aramco’s automation edge technology and OQ’s Low Earth Orbit (LEO) 5G NB-IoT infrastructure, offering significant potential.”

It will accelerate the development of IoT applications, personal products, safety, security and surveillance, fire protection, automotive, healthcare, intelligent defense, and other industries in Saudi Arabia and globally.

Mr. Omar Qaise, Founder and Chief Executive Officer at OQ, stated that, “Integrating 5G IoT and IIN technologies will increase operational efficiencies downstream, reduce raw material consumption, and minimize personnel travel to remote sites, contributing to a more efficient green economy– a key component of Saudi Arabia’s 2030 vision. The MoU further advances the technological cooperation between Aramco and OQ.”

The parties aim to work together to create an integrated package that includes the Aramco automation edge technology being developed by MOXA with OQ Technology infrastructure and to promote the solution opportunities in the network manufacturing value chain that are related to the oil and gas industry, as per the statement.

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