Qnad Technology is a GPS tracking organization founded in 2018 by six university friends, with offices in Islamabad, Multan, Lahore, and Faisalabad. They offer a waterproof navigation chip priced at Rs. 799 for a tracker pad and Rs. 1200 for a tracker band, using a penetration pricing strategy to attract customers. The company emphasizes its small size and affordability as differentiating factors from existing products.