Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that the demand for mobile personal safety and tracking devices is expected to more than double for the year 2020 due to heightened awareness for monitoring of safety for senior citizens and others brought on by the COVID-19 environment. Borqs designs and manufactures hi-tech mobile personal safety and tracking devices for a major North American multinational consumer electronics retailer and other customers for constant monitoring and emergency services. The wearable device features an easily accessible panic button, location tracking, fall detection and other vital health information.
SANTA CLARA, Calif., Sept. 23, 2019 -- Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global leader in embedded software and products for the Internet of Things.
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that the Company has completed the due diligence process as requested by the lenders of a line of credit up to US$150 million (see Company release on April 13, 2020) for working capital needs for the Company’s customer pre-orders forecasted at over US$100 million. The line of credit will become available upon the final approval procedures of the lenders based on the pre-orders received by the company.
NEW YORK, March 11, 2020 -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading in Borqs Technologies Inc. (Nasdaq: BRQS) is scheduled to resume on Thursday, March.
Global consumer electronics company Coolpad, today announced that it is working with Borqs Technologies Inc., (NASDAQ: BRQS), a global leader in software and products for IoT providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. With Borqs, Coolpad will drive 5G product development and its adoption by global carriers.
Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global leader in embedded software and products for the Internet of Things (IoT) industry, announces that on November 13, 2019, the Company received a notice from the Staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not file its Annual Report on Form 20-F for the fiscal year ended December 31, 2018 by November 11, 2019, the extended deadline previously approved by the Staff for filing such report.
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that it has launched a mobile smart tracking solution, BeSmartTrack™. The solution provides a comprehensive set of features for location tracking (real-time tracking, geofencing, location history), user safety (fall detection, health status), voice & text messaging, and customizable alerts. This solution is being deployed with leading mobile carrier network operators in the world and a multinational conglomerate in India which is one of the largest mobile operators in that country, and also with private enterprises.
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, announced that it is supplying a leading German industrial manufacturer with its patented software embedded in its intrinsically safe mobile devices which are used in hazardous areas, a large and growing market segment. Borqs has supplied key technologies which enable the German client to deliver rugged enterprise-class mobile products that can be used in with high levels of technology and reliability as required in demanding projects such as in the field of explosion-shielded products.
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that it has won a sizable contract to supply a kids smartwatch to a large North American mobile operator. Together with the tracking solution, parents can perform real-time location tracking, geofencing and history review of their child’s whereabouts on their Android phone or iPhone companion app. The Company forecasts to ship several hundreds of thousands units of the kids smartwatch worldwide over the next 2 to 3 years.
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that the Company is featured in a recent research report by WallStreet Research™ with a speculative buy rating and 6-month target price between $4.00 to $5.50. WallStreet Research™ (WSR) is a top ranked independent research firm with a history spanning over three decades.
NEW YORK, Sept. 24, 2019 -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading was halted today in Borqs Technologies Inc. (Nasdaq: BRQS) at 16:24:44 p.m. Eastern.
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Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, today announced that the Company has received a line of credit offer of up to US$150 million from a financing group for working capital needs for the Company’s customer pre-orders forecasted at over US$100 million. The orders are for mobile and IoT devices with Borqs’ embedded software scheduled for delivery beginning in the 2nd quarter of 2020 and extending into the year 2021. The available funds will be primarily used for Borqs development of customized hardware products, integrated with the Company’s propriety software, to major international customers.