IOThree Limited was incorporated on 21 August 2023 under the laws of the Cayman Islands as an exempted limited liability company. The company is a leading maritime digital technology provider in Singapore, including satellite connectivity and digital solutions, focusing on facilitating the digital transformation of the maritime industry. They have two business units: (i) satellite connectivity solutions, (ii) digitalization and other solutions. According to the Frost & Sullivan report, as of March 31, 2023, they ranked fifth in the Singapore market based on the revenue from providing maritime connectivity and digital solutions, with a market share of about 5.7%. The company was established to take an innovative approach to managing solutions adapted to contemporary needs and to drive the digital development of the maritime industry.