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Aramco and OQ Technology sign MoU

From Right to Left Sitting: Mr. Omar Qaise, Mr. Motaz Al Mashouk, Mr. Johnny Wang. From Right to Left Standing: Mr. Michael Ln, Mr. Ahmad Al Saadi. Credit Aramco

London, 20 July 2023.- OQ Technology, a satellite communication service in Luxembourg, announced on the 19th of July the signing of a Memorandum of Understanding (MoU) with Aramco, the Saudi Arabian Oil Group. This will strengthen their existing collaboration and going forward they will concentrate on automation and satellite IoT connectivity for Aramco’s remote site infrastructures. 

Intelligent Integrate Node (IIN) technology is an 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. The technology unifies various devices from multiple vendors. 

OQ Technology and Aramco intend to work together to create an integrated package that includes the Aramco automation edge technology with OQ Technology infrastructure. They will additionally promote the solution opportunities in the network manufacturing value chain that are related to the oil and gas industry. 

OQ’s Low Earth Orbit (LEO) 5G NB-IoT infrastructure will be used in the agreement. It aims to accelerate the development of IoT applications, personal products, safety, security & surveillance, fire protection, automotive, healthcare, intelligent defence, and other industries in Saudi Arabia and globally. 

“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,” said Omar Qaise, Founder and Chief Executive Officer at OQ. “The MoU further advances the technological cooperation between Aramco and OQ.”

IIN technology is currently focused on delivering value to operating energy companies, but there are opportunities to incorporate this technology in other sectors e.g. smart cities, power and utilities, agriculture, and transportation.

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