News & Videos - BORQS TECHNOLOGIES INC.

SANTA CLARA, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that its board of directors has approved a 1-for-12 reverse split of the Company's ordinary shares. The reverse stock split is anticipated to take effect on October 10, 2023 (the “Effective Date”). Accordingly, at the Effective Date, every twelve of the Company’s ordinary...

SANTA CLARA, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that it has received multiple non-binding indications of interest for its stake in Holu Hou Energy LLC (“HHE”) and a selected group of potential buyers have been invited to participate in the second round of due diligence and negotiations for the complete divestment of the...

SANTA CLARA, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that it is actively engaged in business development with partners to manufacture smart IoT devices for the African market. The smart IoT devices, mainly mobile phones, will be leased to local users in Africa from a local leasing company. These devices are built with advanced...

SANTA CLARA, Calif., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that its board of directors has approved a 1-for-12 reverse split for the Company's common stock. The reverse stock split is anticipated to take effect on October 10, 2023. Accordingly, at the effective date, every twelve issued and outstanding shares of the Company's common...

Santa Clara, CA, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (NASDAQ: BRQS) (“BRQS” or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions announced today its participation in the Eighth Annual Dawson James Conference on Thursday, October 12 th , 2023 at the Wyndam Grand Jupiter at Harbourside Place in Jupiter, Florida. The Company is also a holder of a 49 percent stake in Holu Hou Energy LLC, (“HHE”), a solar energy + storage...

SANTA CLARA, Calif., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that together with Silicon Valley based SkyCentrics, Borqs will launch the next generation Modbus adaptor products in Q4 2023 and start commercial shipments to customers. The product is intended to be used by Smart Grid appliance manufacturers and OEMs in the U.S. to enable...

SANTA CLARA, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that the Company received a deficiency notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) on September 15, 2023, notifying the Company that the Company’s listed securities did not maintain a minimum market value of $35 million (“MVLS”) for a period of 30...

SANTA CLARA, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS; “Borqs” or “the Company”), will be presenting on October 5 th , 2023, at the WallStreet Research / Global Capital Network / Med Tech Conference being held all day at the Hyatt Hotel in Newport Beach, California. The Company is a global leader in embedded software and products for the Internet of Things (IoT) industry. The Company is also in the process of divesting its 49 percent stake in Holu...

SANTA CLARA, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”) has just been awarded a “Speculative Buy” rating in the latest research report from WallStreet Research™. Six-month price targets range from $1.00 to $1.20 per share. The Company is a global leader in embedded software and products for the Internet of Things (IoT) industry. The report notes that Borqs is in the process of divesting its 49% stake in Holu Hou...

SANTA CLARA, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced the Committee on Foreign Investment in the United States (CFIUS) has granted the Company an extension from the original deadline of September 15, 2023 to January 1, 2024 to complete the divestment of its subsidiary, Holu Hou Energy LLC (HHE). As previously announced, the Company...

The state-of-the-art smart watch chipset has sufficient computational power to enable machine learning and AI on the edge. The smart watch can facilitate everyday life for seniors with special demands for assisted living. The North America Smart Watch Market size is expected to grow from USD 39.75 billion in 2023 to USD 85.71 billion by 2028, at a CAGR of 16.61% during the forecast period (2023-2028). SANTA CLARA, Calif., July 17, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS,...

As a start in the development of a smart city, mobile connected CTA-2045 devices are chosen by utility companies across the U.S. as the platform for smart management of water heaters, pool pumps and other products with EcoPorts. Early adoption of CTA-2045 EcoPort enabled water heaters has been underway in low-income multi-family solar and storage communities in Hawaii. Electrifying everything refers to replacing the fossil-fuel economy with wind, solar, hydro, electric vehicles, heat pumps, and...

Leveraging deep IoT expertise across industries Artificial Intelligence of Things Market Size was valued at over USD 9 billion in 2022 SANTA CLARA, Calif., June 13, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced its plans to further expand into artificial intelligence, leveraging its deep IoT expertise across industries. Beyond Borqs’ current product...

SANTA CLARA, Calif., June 07, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, announces that The Nasdaq Stock Market LLC (“Nasdaq”) has provided written notice dated June 2, 2023, that the Company is eligible for an extension until October 24, 2023, to regain compliance with Nasdaq’s minimum $1 bid price requirement, as set forth in Nasdaq’s Listing Rule...

Revenues reached $52.5 million, 77.7% Year-Over-Year (YOY) growth. Gross margin was 21.2%, an improvement of 1,240 basis points. Adjusted EBITDA reached $4.8 million. SANTA CLARA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced its financial results for the year ended December 31, 2022. Key Financial Results (not including the results Holu...

SANTA CLARA, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, has engaged Cantor Fitzgerald & Co. (“Cantor Fitzgerald”) as its exclusive financial advisor with respect to the divestment of the Company’s ownership in Holu Hou Energy, LLC (“HHE”), a fast-growing solar energy and storage provider with unique solutions in energy sharing for the...

SANTA CLARA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, or the “Company”) a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, announced that it received written notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has not regained compliance with the minimum bid price of $1 required for continued listing on The Nasdaq Capital...

SANTA CLARA, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- Dear Shareholders of Borqs Technologies, Inc.: The purpose of this letter is to help clarify the proposed divestment of our company’s ownership in Holu Hou Energy, LLC (“HHE”) and the implications that this transaction may have to Borqs and our shareholders. Why the divestment As we have stated in prior press releases, the Committee on Foreign Investment in the United States (“CFIUS”) has notified our company by a letter dated...

SANTA CLARA, California, April 20, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, announced that its subsidiary, Holu Hou Energy LLC (HHE), a provider of design-to-service solar plus energy storage systems, has signed a contract to install HHE’s HoluPower energy storage and solar photovoltaic (PV) systems on homes at Lendlease’s...

SANTA CLARA, Calif., March 23, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, announced that the Company has appointed Donald R. Kendall, Jr. as the sole trustee (the “Trustee”) to a divestment trust established to manage the orderly divestment of Borqs’ ownership of Holu Hou Energy, LLC, (“HHE”) as required by the Committee...