Borqs Joins Elite Group of Organizations that Have Earned a
Spot on Prestigious List
SAN DIEGO, Calif., Sept. 18, 2017 /PRNewswire/ -- Borqs
Technologies, Inc., a global leader in embedded software, products
and cloud solutions for the Internet of Things (IoT), is pleased to
announce it has been recognized by Insights Success magazine, a
publication that focuses its coverage on emerging and
quickly-growing companies and their leadership, as one of the 10
most innovative IoT solution providers.
"We are honored to be recognized by Insights Magazine," said
George Thangadurai, EVP and
President of International Business at Borqs. "To be
included on this prestigious list is a testament to Borqs' hard
work and dedication to providing innovative solutions to meet the
needs of our customers around the world."
According to Gartner, businesses are spending more on the IoT
market overall, with companies set to spend $964 billion on IoT hardware this year, compared
to consumer spending of $725 billion.
This year, spending on IoT devices and services will reach nearly
$2 trillion, which will be spread
across North America, China and Western
Europe, where about 67 percent of IoT devices exist.
Borqs' diversified customer base includes mobile chipset
manufacturers, mobile device OEMs and mobile operators. This
includes more than six mobile chipset manufacturers (Intel,
Qualcomm, Freescale, et al.,) and more than 25 connected device
OEMs (LGE, Micromax, Acer, Motorola, Vizio, etc.) in 11 countries
with BorqsWare™ solutions embedded in more than 15 million
units worldwide. Products designed by Borqs have been deployed by
more than 10 service providers (AT&T, Verizon, China Mobile,
Claro, Orange, Reliance Jio, Sprint, Orange, et al.) in four
continents.
Leveraging strategic chipset partner relationships with leading
chipset vendors to maximize its broad software and intellectual
property (IP) portfolio, Borqs has achieved superior leadership and
customer recognition throughout the world. Borqs was selected by
Qualcomm in 2016 as its partner to develop the world's first 4G
Android wearable as part of its next-generation Qualcomm®
Snapdragon™ Wear platform. At MWC Shanghai in 2017, Borqs
demonstrated the first Qualcomm® Snapdragon™ Wear 1200 platform
based device to help usher in a new generation of ultra-low power,
highly energy efficient, always connected, and cost-efficient
wearable devices such as kid, pet, elderly, and fitness trackers
based on emerging LTE M1 and NB1 technologies.
About Borqs Technologies, Inc. (Nasdaq: BRQS)
Borqs Technologies, Inc. is a global leader in embedded software
and products for the Internet of Things (IoT) providing
customizable, differentiated and scalable Android-based
smart-connected mobile devices and cloud-service solutions. With
research and development centers in China and India, and a strong presence in the
USA, Borqs designs, develops and
provides turnkey solutions to unleash human potential and enable a
more intelligent and interconnected planet.
For more information about Borqs, please visit:
http://www.borqs.com/.
Forward-Looking Statements
This press release includes "forward-looking statements" that
involve risks and uncertainties that could cause actual results to
differ materially from what is expected. Words such as "expects",
"believes", "anticipates", "intends", "estimates", "predicts",
"seeks", "may", "might", "plan", "possible", "should" and
variations and similar words and expressions are intended to
identify such forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. Such
forward-looking statements relate to future events or future
results, based on currently available information and reflect our
managements' current beliefs. A number of factors could cause
actual events or results to differ materially from the events and
results discussed in the forward-looking statements, the reader
should refer to the Risk Factors section of our proxy statement,
Forms 10-K, 10-Q and 8-K for additional information identifying
important factors that could cause actual results to differ
materially from those anticipated in the forward-looking
statements. Except as expressly required by applicable securities
law, Borqs Technologies, Inc. disclaims any intention or obligation
to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise.
MEDIA CONTACT:
Leslie Licano, Beyond Fifteen
Communications, Inc.
949.733.8679 O. | leslie@beyondfifteen.com
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SOURCE Borqs Technologies, Inc.