Borqs’ Connectivity Business Unit ranked among top 3 MVNOs in China for the third consecutive year
October 17 2018 - 9:00AM
Borqs Technologies, Inc. (NASDAQ: BRQS) - a global leader in
embedded software, products and cloud solutions for the Internet of
Things (IoT), announced today that its Connectivity Business Unit,
operated by its subsidiary YuanTel (Beijing) Telecommunications
Technology, Co., Ltd. (Yuantel), has been ranked as one of the top
3 mobile virtual network operators (MVNOs) in China for the third
consecutive year by the CCIDCOM (www.ccidcom.com), a leading China
telecom information portal of the China Electronic Information
Industry Development and Research Institute. The ranking is based
on various criteria, including market influences, business and
technology innovation, and customer satisfaction.
Since the establishment our mobile virtual
network operator business, Yuantel has focused on innovative mobile
Internet and the Internet of Things (IoT) services. It has filed 19
patents in China, with 8 of them granted and the remaining in
review. In August 2018, Yuantel launched its patented eSIM+
business platform. The eSIM+ platform provides end-to-end
functionality, which enables businesses to launch their IoT
solutions more efficiently. The platform of Software Development
Kit (SDK) allows an IoT device (e.g. wearable device) to
dynamically obtain a new mobile number and perform real-time user
identification with facial recognition, which is a requirement by
the Chinese government for SIM activation. The backend server of
the platform provides all the needed backend services for
businesses to perform provisioning, charging and billing.
We have recently integrated our eSIM+ platform
with LE01 smartwatch of Shenzhen LAOLE Health Technology Co., Ltd.
(LAOLE), which was unveiled on September 17, 2018 at The London
Fashion Week. The LE01 is a testament to the successful strategic
partnership between Yuantel and LAOLE, and is among a series of
collaborations and innovations in development between the two
companies.
Zhibin Liu, CEO of LAOLE, said, “Following the
successful launch of the LE01, we are raising the bar for
communications innovation. Yuantel has provided an exclusive eSIM+
solution to offer convenient and efficient services to our
customers. LAOLE and Yuantel will continue to collaborate to
improve user experiences in upcoming wearable devices from
LAOLE.”
“It is our honor to be recognized by an industry
expert such as CCIDCOM as one of the top 3 MVNOs in China for the
third consecutive year. We are starting to see a proliferation of
IoT services in China. Our newly launched eSIM+ platform will
enable companies to launch their services more efficiently and
effectively. We are very pleased that the eSIM+ platform has been
adopted by LAOLE,” said Jason Wang, President of the Connectivity
Business Unit.
About Borqs: Borqs Technologies
(NASDAQ: BRQS) is a global leader in software and products for IoT
providing customizable, differentiated and scalable Android-based
smart connected devices and cloud service solutions. Borqs has
achieved leadership and customer recognition as an innovative
end-to-end IoT solutions provider leveraging its strategic chipset
partner relationships as well as its broad software and IP
portfolio. BORQS designs, develops and provides turnkey solutions
across device form factors such as smartphones, tablets,
smartwatches, trackers, automotive in-vehicle infotainment and
vertical application devices (for restaurants, payments, et al.)
For more information, please visit the Borqs website
(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 may relate to future events or future
results, based on currently available information and reflect our
managements’ current beliefs. Many factors could cause actual
events or results to differ materially from the events and results
discussed in the forward-looking statements, including, without
limitation, market acceptance of our products and services,
competition from existing products or new products that may emerge,
the implementation of our business model and strategic plans for
our business and our products, estimates of our future revenue,
expenses, capital requirements and our need for financing, our
financial performance, and current and future government
regulations, developments relating to our competitors, so the
reader is advised to refer to the Risk Factors sections of the
Companies’ filings with the U.S. Securities and Exchange Commission
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, the Company disclaims any obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.
Borqs Contacts:
Michelle Wang, Market CommunicationsEmail:
michelle.wang@borqs.net
Sandra Dou, Investor RelationsEmail:
sandra.dou@borqs.net
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