Penghu Wuyu Technology Development

About Penghu Wuyu Technology Development

Penghu Wuyu Technology Development, also known as Space IoT (Beijing), was established in 2021 and is headquartered in Beijing, China. The company operates as a global "Star-Earth Integrated" satellite Internet of Things (IoT) communication service provider. Its core focus lies in Non-Terrestrial Network (NTN) communication technology, which is a key component of future 6G systems. In May 2025, the company secured a significant Series A funding round, bringing its total financing to the RMB 100 million level, led by Wuxi Liangxi Sci-tech Industry Mother Fund and Wuxi Liangxi Aerospace Venture Capital Fund.

The firm’s business model is centered on providing end-to-end, all-terrain global integrated network services through its proprietary 5G NTN communication protocol. This approach aims to dramatically reduce costs associated with traditional satellite communication by leveraging the mature 5G chip industry. The company targets clients in sectors such as oil and energy, heavy machinery, and smart grids, providing global asset management and personnel security, particularly for overseas projects under China's "Belt and Road" initiative. By the end of 2024, Penghu Wuyu had achieved tens of millions in contract scale, with deployments in 15 countries.

Penghu Wuyu offers a "pipe + terminal + cloud" one-stop satellite IoT solution. This includes a self-developed 5G NTN network, cost-effective satellite modules and terminals, and supporting applications and a cloud service platform. The company has mass-produced two main terminal products: the industrial data transmission terminal "THE D" and the personal emergency rescue satellite messenger "2X". A key technological achievement was the world's first in-orbit test of 5G NTN based on 3GPP R17 in 2021. Furthermore, a partnership with international chip manufacturer UNISOC was established to integrate ground protocols with satellites.