Borqs Technologies

Borqs Technologies, Inc. is a global provider in embedded software and products for the Internet of Things (IoT) providing customizable, differentiated and scalable Android-based smart-connected mobile devices and E2E cloud-service solutions. It engages in the development of android platform solutions, hardware product, and mobile virtual network operator services. The firm operates through the following segments: Connected Solutions and Solar Poer Solutions. The company was founded by Sek Yuen Chan and Bo Li Xiao in 2007 and is headquartered in Beijing, China.

Borqs Technologies, Inc. engages in the provision of software, development services, and products for the Internet of Things (IoT) providing customizable, differentiated, and scalable Android-based smart-connected mobile devices and E2E cloud-service solutions. It operates through the following geographical segments: United States, India, China, and Rest of the World. The company was founded by Sek Yuen Chan and Bo Li Xiao in 2007 and is headquartered in Hong Kong.

SANTA CLARA, Calif., April  15, 2020  (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: 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.

Borqs Technologies, Inc. featured in a research report by WallStreet Research With a “Speculative Buy” rating

SANTA CLARA, Calif., April  13, 2020  (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: 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.

Borqs Technologies, Inc. receives up to US$150 million Line of Credit Offer For serving Borqs large customer pre-orders forecasted at over US$100 million

SANTA CLARA, Calif., Nov.  19, 2019  (GLOBE NEWSWIRE) -- 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. Therefore, the Company’s ordinary shares may be subject to delisting from The Nasdaq Capital Market unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”).

Borqs Technologies Receives Delisting Notice From Nasdaq And Intends To Request For A Hearing To Appeal The Delisting Decision

Annual sales grew 5% over 2017 Annual sales grew 5% over 2017

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