HHE

Holu Hou Energy Closes $35 Million Investment with Irradiant Partners to Propel Resilient MDU Communities Strategy

Retrieved on: 
Tuesday, March 12, 2024
Electricity, HHE, Partnership, Irradiant (album), Economics, MDU

This investment will support the development and construction of Hawaii’s largest solar and energy storage project pipeline and HHE’s expansion into the California market.

Key Points: 
  • This investment will support the development and construction of Hawaii’s largest solar and energy storage project pipeline and HHE’s expansion into the California market.
  • The partnership with Irradiant will also provide for additional project capital and structuring expertise for HHE to execute on its project pipeline.
  • Tenants in many of these California MDUs pay some of the highest electricity bills in the country.
  • The EnergyCluster delivers them the access to resiliency and economical energy they have never been able to experience.

Holu Hou Energy Closes $20M Construction Financing Loan to Support Execution of Near-Term Hawaii Project Pipeline

Retrieved on: 
Thursday, November 2, 2023
MDU, PV, Excess, State, Community solar, Electricity, Tenant, HHE, EPC, Net, EIA, Renewable energy

HONOLULU, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Holu Hou Energy LLC (“HHE”), a provider of design-to-service solar plus energy storage systems, including the breakthrough EnergyCluster product for the Multi-Dwelling Unit (“MDU”) residential property and single family home markets, has closed a $20M construction financing facility in support of the construction of Hawaii’s largest solar and energy storage project pipeline.

Key Points: 
  • HONOLULU, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Holu Hou Energy LLC (“HHE”), a provider of design-to-service solar plus energy storage systems, including the breakthrough EnergyCluster product for the Multi-Dwelling Unit (“MDU”) residential property and single family home markets, has closed a $20M construction financing facility in support of the construction of Hawaii’s largest solar and energy storage project pipeline.
  • The funding will enable procurement of the materials and EPC resources to construct MDU projects slated for completion in the next 4-quarters.
  • The benefit is that the PV and energy storage systems can support a significantly greater amount of the overall residents’ energy needs while not exporting power to the utility grid.
  • This financing is a key milestone for HHE, which also recently entered the California MDU market and has built a project pipeline worth well in excess of $100M in the State.

FREE Registration Is Now Open for Tribe Public’s Webinar Event "Discover How Multi-Dwelling Units (MDU) Are Profitably Implementing Solar Energy Today" Featuring Holu Hou Energy’s CEO On Thursday, October 12, 2023

Retrieved on: 
Wednesday, October 11, 2023
Tribe, ZOOM, MDU, USA House, Solar energy, Tenant, The Event, HHE, Commercial, Eastern

The Event is scheduled to begin at 8:30am pacific/11:30am eastern on Thursday, October 12, 2023.

Key Points: 
  • The Event is scheduled to begin at 8:30am pacific/11:30am eastern on Thursday, October 12, 2023.
  • To register to join the complimentary event, please visit the Tribe Public LLC at HHE10122023.TribePublic.com .
  • This technology uniquely solves the key problems for installing solar energy for MDU tenant units: tenant lode variability and tenant churn.
  • Tribe Public’s Managing Member, John F. Heerdink, Jr., will host the event and relay all questions to management.

Borqs Technologies Shortlists Buyers for the Second Round of Due Diligence & Negotiations for the Divestment of Holu Hou Energy LLC

Retrieved on: 
Friday, October 6, 2023
CFIUS, Share repurchase, Internet of things, Growth, HHE, Cryptocurrency

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.
  • Subsequently, Cantor Fitzgerald & Co., a nationally reputable investment firm, was engaged by the Company to initiate and manage the sales process of the Company’s ownership in HHE and has received considerable interest from potential buyers.
  • The said transaction is on track to be finalized by the end of the year.
  • “Proceeds from the divestment will be used for the growth of our business, making strategic M&A, and we will also consider a share buyback program and/or a special dividend payout in order to enhance our shareholder value,” said Mr. Pat Chan, CEO of Borqs Technologies.

Stylish, Sporty, Spacious and All-Electric: Honda Prologue SUV Available Early Next Year with Anticipated EPA Range Rating of 300 Miles

Retrieved on: 
Friday, September 29, 2023
Civic, Music, The central science, NHTSA, Marysville Auto Plant, SUV, VR, Charging station, Geier v. American Honda Motor Co., Google Play, Acceleration, Honda Prologue, Android Auto, MSRP, EV, Noise, Torque, Public, Android, Attention, EPA, Charcoal, GM, Passport, Safety, Adventure, Carbon, Architecture, Government, JV, HHE, EX, Sensing, Kilowatt-hour, Virtual reality, Hand, MAP, CarPlay, OTA, DC, Internavi, Golf, HUD, Sale, Wind, Plant, Google Maps, Electric motor, Online shopping, Automotive industry, Mobile phone, Road, Video game, Baggage, Leather, Satellite navigation device, Touring, Prologue, Accord, Bose

With an anticipated EPA range rating of 300 miles(1), DC fast charging capability and a neo-rugged design, the Prologue is ready to take on adventures around town and outside the city limits.

Key Points: 
  • With an anticipated EPA range rating of 300 miles(1), DC fast charging capability and a neo-rugged design, the Prologue is ready to take on adventures around town and outside the city limits.
  • Honda will offer Prologue in both single-motor (front-wheel-drive) and dual-motor (all-wheel-drive) configurations with three trim levels - EX, Touring and Elite.
  • To further build the Honda EV brand identity, Prologue debuts with a newly designed Honda name badge in a stylized typeface that captures the modern and clean design of Prologue.
  • (1) Anticipated combined (city/highway) 300-mile EPA driving range rating for Prologue EX 2WD configuration with a full charge based on internal testing.

Holu Hou Energy Recognized as Innovative Tech Company of the Year

Retrieved on: 
Wednesday, September 20, 2023
MDU Resources, State, Multifamily residential, Electricity, Virtual, Tenant, MDU, HHE, Traction, Solar energy, Community solar, Economics, Renewable energy

HONOLULU, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Holu Hou Energy LLC (“HHE”,) a provider of state-of-the-art solar and storage systems for Multi-Dwelling Unit (MDU) and Single-Family Residential properties, was recognized as the 2023 winner of the Innovative Tech Company of the Year at the 13th annual Pacific Edge Business Achievement Awards Gala in Honolulu, Hawai’i.

Key Points: 
  • HONOLULU, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Holu Hou Energy LLC (“HHE”,) a provider of state-of-the-art solar and storage systems for Multi-Dwelling Unit (MDU) and Single-Family Residential properties, was recognized as the 2023 winner of the Innovative Tech Company of the Year at the 13th annual Pacific Edge Business Achievement Awards Gala in Honolulu, Hawai’i.
  • This event has been one of Hawai’i’s most anticipated and prestigious events for recognizing businesses and leaders in 14 categories.
  • “The HHE EnergyCluster’s innovative technology allows for installing and generating far greater solar energy while using far fewer batteries than traditionally built solar systems.
  • There are approximately 200,000 MDU tenant units in Hawaii that to date are without the benefits of solar electricity.

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.