Borqs

Borqs Technologies is Expanding Its IoT Device Businesses in Africa Annual Potential Sales of $30 million

Retrieved on: 
Tuesday, October 3, 2023
Theft, Internet of things, Android, ITU, Internet, Market, Growth, Fraud, Borqs, Mobile app, News, Mobile phone, African

The smart IoT devices, mainly mobile phones, will be leased to local users in Africa from a local leasing company.

Key Points: 
  • The smart IoT devices, mainly mobile phones, will be leased to local users in Africa from a local leasing company.
  • Borqs' extensive expertise in developing Android software and manufacturing hardware enables the Company to develop special security software for the equipment leasing business in Africa.
  • A world-renown financing company will partner with Borqs to structure an attractive leasing program for the African consumers.
  • The project can potentially produce about 500,000 units per year and generate about $30M in sales for our Company,” said Pat Chan, CEO of Borqs Technologies.

Borqs Technologies, Inc. to Present at the Eighth Annual Dawson James Conference

Retrieved on: 
Friday, September 29, 2023
Research report, Internet of things, WSR, Research, Acquisition, Solar energy, AI, Borqs, Conference, Cryptocurrency

The company expects to receive significant cash proceeds from the divestiture of this holding.

Key Points: 
  • The company expects to receive significant cash proceeds from the divestiture of this holding.
  • Borqs representatives will conduct in-person one-on-one meetings throughout the conference.
  • The WSR research report highlights the value of the Company’s core business and stake in HHE.
  • A copy of the recent updated research report is available at the following link: https://wallstreetresearch.org/reports/BORQS-Sept-2023.pdf

Borqs Technologies and SkyCentrics Will Start Commercial Shipment of the Next Generation Modbus Adaptor in Q4 2023 for Smart Grid Appliance Manufacturers in the U.S.

Retrieved on: 
Thursday, September 28, 2023
DREAM, Modbus, Demand, Communication, Partnership, Open Automated Demand Response, Internet of things, Original equipment manufacturer, Gasoline, Power over Ethernet, Brattle Group, Carbon, GEB Network, Lawrence Berkeley National Laboratory, Certification, Silicon, Smart grid, Acquisition, Application, Commercial, OEM, Borqs, Grid, Software, Renewable energy

Borqs and SkyCentrics announced their strategic partnership earlier this year.

Key Points: 
  • Borqs and SkyCentrics announced their strategic partnership earlier this year.
  • The partnership includes joint research & development, sales and promotion, as well as Borqs’ investment into SkyCentrics.
  • “I am very pleased that together with Skycentrics we launched the CTA-2045 ECOPORT products in Q3.
  • And in Q4, we will launch the next generation Modbus adaptor products.

Borqs Technologies, Inc. to Present on October 5th at the WallStreet Research / Global Capital Network / Med Tech Conference in Newport Beach, CA.

Retrieved on: 
Tuesday, September 19, 2023
Hyatt, Research report, Internet of things, WSR, Research, Sale, Palm Island, HHE, Manchester Grand Hyatt Hotel, Solar energy, Borqs, Conference, Software, Cryptocurrency, Finance

SANTA CLARA, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS; “Borqs” or “the Company”), will be presenting on October 5th, 2023, at the WallStreet Research / Global Capital Network / Med Tech Conference being held all day at the Hyatt Hotel in Newport Beach, California.

Key Points: 
  • SANTA CLARA, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS; “Borqs” or “the Company”), will be presenting on October 5th, 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.
  • Borqs Technologies, Inc. recently received a “Speculative Buy” Rating by WallStreet Research in their updated Research Report dated September 8, 2023,  with a target price range of $1.00 to $1.20.
  • A copy of the recent updated research report is available at the following link: https://wallstreetresearch.org/reports/BORQS-Sept-2023.pdf

Borqs Technologies, Inc. featured in an updated research report by WallStreet Research™ with a “Speculative Buy” Rating

Retrieved on: 
Monday, September 11, 2023
Research report, Wall, Internet of things, Sale, Committee, HHE, CFIUS, AI, Foreign investment, Committee on Foreign Investment in the United States, Cryptocurrency, Borqs

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™.

Key Points: 
  • 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™.
  • The Company is a global leader in embedded software and products for the Internet of Things (IoT) industry.
  • WallStreet Research™ addresses the valuation of Borqs from a combination of its core-business and the expected divestiture of HHE.
  • The report is available at: https://wallstreetresearch.org/reports/BORQS-Sept-2023.pdf
    The WallStreet Research™ Report includes the following highlights:
    The Company reported over $52.5 million in gross revenues for the year ended December 31, 2022 and had over $11.3 million in cash as of that date.

Borqs Technologies Received Extension from CFIUS for HHE Divestment, and Will Consider Share Buyback and/or Pay a Special Dividend

Retrieved on: 
Tuesday, August 22, 2023
Internet of things, Intelligence, Committee, Share repurchase, HHE, CFIUS, Foreign investment, Committee on Foreign Investment in the United States, Cryptocurrency, Borqs

As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns.

Key Points: 
  • As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns.
  • “Once we receive the funds from selling our interest in HHE, Borqs will continue to invest into futuristic technologies, especially in artificial intelligence based IoT products,” said Mr. Pat Chan, CEO of Borqs.
  • “We will also consider a share buyback program and/or a special dividend payout depending on the amount of cash to be received in order to enhance our shareholder value.
  • We will provide further updates to our shareholders with regards to the HHE divestment during the next few months.”

Borqs Technologies To Develop Edge AI-enabled Smart Watch for the U.S. Market

Retrieved on: 
Monday, July 17, 2023
IDC, AGI, Life, Internet of things, ChatGPT, Android, Privacy, USD, HHE, Machine learning, Solar energy, Artificial intelligence, AI, Television, Medical device, NVIDIA, Borqs

The state-of-the-art smart watch chipset has sufficient computational power to enable machine learning and AI on the edge.

Key Points: 
  • The state-of-the-art smart watch chipset has sufficient computational power to enable machine learning and AI on the edge.
  • The AI-enabled smart watch is positioned as an Edge AI device.
  • ( https://resources.nvidia.com/en-us-it-resources-blogs/what-is-edge-ai ) Borqs AI-enabled smart watch will be based on Android and is wirelessly connected via Wifi/BT and cellular networks.
  • The state-of-the-art smart watch chipset has sufficient computational power to enable machine learning and AI on the edge.

Borqs Technologies and SkyCentrics Will Start Commercial Shipment of Next Generation CTA-2045 ECOPORT Smart Control Products in Q3 2023 for “Electrification of Everything”

Retrieved on: 
Thursday, July 6, 2023
DREAM, Partnership, Internet of things, Gasoline, Brattle Group, GEB Network, Carbon, Lawrence Berkeley National Laboratory, Wind, Certification, Fortune 500, Application, Commercial, Borqs, Grid, Software, Mobile phone, Heating, ventilation, and air conditioning, Renewable energy, Q3

Early adoption of CTA-2045 EcoPort enabled water heaters has been underway in low-income multi-family solar and storage communities in Hawaii.

Key Points: 
  • Early adoption of CTA-2045 EcoPort enabled water heaters has been underway in low-income multi-family solar and storage communities in Hawaii.
  • Commercial and residential markets in buildings and power grid optimization is estimated to reach $154 billion by the year 2026.
  • The next-generation products are more price competitive and feature-rich than the current generation products and have significantly better cellular coverage with the use of internal and external antennas.
  • The first release of the next generation ECOPORT will start commercial shipment in Q3 in 2023, and both companies forecast strong demand for the products.

Borqs Technologies To Accelerate Further Expansion Into Artificial Intelligence of Things (AIoT) Solutions

Retrieved on: 
Tuesday, June 13, 2023
Data management, Education, Internet of things, Artificial intelligence of things, Gasoline, Intelligence, Carbon, YOY, USD, Silicon, HHE, Machine learning, Water, Artificial intelligence, Solar energy, Sport, City, Borqs, Customer service

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.

Key Points: 
  • 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 line for water and energy reservation for smart city applications, the Company plans to accelerate development of consumer-oriented devices and solutions with artificial intelligence capabilities.
  • Artificial Intelligence of Things (AIoT) is defined as the combination of artificial intelligence (AI) technologies with the Internet of Things (IoT) to achieve more efficient IoT operations, improve human-machine interactions and enhance data management and analytics.
  • Borqs further plans to commercialize products that are currently targeted to be applied in e-health, sports, education, and asset protection.

Borqs Technologies Reports Annual Revenues of $52.5 million, an Increase of 77.7%, and Adjusted EBITDA of $4.8 million

Retrieved on: 
Monday, May 15, 2023
Internet of things, GAAP, Committee, EBITDA, CFIUS, HHE, Acquisition, Artificial intelligence, Depreciation, Growth, 2012 Six-red World Championship, Borqs, Adjustment, Foreign investment, Environment, Committee on Foreign Investment in the United States, Bookkeeping, Video game, Cryptocurrency

Adjusted EBITDA for the year ended December 31, 2022, as presented below, increased 138% to $4.8 million as compared to $2 million for the year ended December 31, 2021.

Key Points: 
  • Adjusted EBITDA for the year ended December 31, 2022, as presented below, increased 138% to $4.8 million as compared to $2 million for the year ended December 31, 2021.
  • EBITDA and Adjusted EBITDA are not measures of net income or cash flows as determined by GAAP.
  • We define EBITDA as net income plus income taxes, net interest expense, depreciation and amortization, and Adjusted EBITDA as EBITDA minus other non-operation expense.
  • Our computations of EBITDA and Adjusted EBITDA may not be comparable to other similarly titled measures of other companies.