Borqs Technologies to Provide 5G Technical Training Courses at the Mission College in Silicon Valley, California
May 02 2022 - 9:00AM
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, recently purchased the
5G patent licensing from Qualcomm, today announced that in
cooperation with Qualcomm Wireless Academy (QWA), the Company is
partnering with Mission College in Santa Clara to provide a series
of technical training courses on 5G wireless solutions through the
college’s programs this summer. The program is available to college
students as well as engineers from hi-tech companies, at the
Mission College in Santa Clara, California, the heart of Silicon
Valley.
Through these programs, Borqs would be able to
sponsor innovative 5G technology and may create IP. The initiative
would enhance our brand reputation in the industry and expand
Borqs’ presence in the USA and attract 5G talents.
The online courses will begin with a six-hour
introductory course and weekly classes for up to eight weeks.
Technical staff from Qualcomm Wireless Academy or Borqs will
provide the training. The lectures are intended to begin in the
summer of this year and will cover a wide range of technical
specifications and applications for individuals seeking to pursue a
profession in the latest mobile communication technologies. A
certificate of completion will be provided by Mission College. The
goals of Borqs and Mission College are to promote the usage and
deployment of 5G technologies in a wide spectrum of industries, to
jump start the productization of 5G for commercial and governmental
usage and to help increase success for technical job seekers and
skillsets needed to roll out 5G products.
Interested students can sign up for classes at
communityed.missioncollege.edu.
5G networks are being deployed internationally
to increase internet speeds both at home and in business settings.
Higher bandwidth speeds lead to improved smart homes, smart cities,
and industry 4.0. This includes monitoring energy efficiency in
buildings to combat Climate Change, with the ultimate goal of using
less energy overall.
According to market research, the global 5G
services market size is estimated to reach USD 1.67
trillion by 2030, registering a CAGR of 52.0% from 2022 to
2030, according to a new study by Grand View Research,
Inc. The rapidly rising demand for ultra-reliable and
low-latency data networks capable of providing enhanced mobile
connectivity is estimated to boost the market growth over the
forecast period. The U.S. is anticipated to dominate the North
America regional market from 2022 to 2030 owing to the rising
demand for higher data speeds for several end-use applications
including M2M communications, energy & utility management, and
smart mobility management. The need to ensure strong, seamless, and
uninterrupted connectivity with autonomous vehicles is estimated to
drive the adoption of 5G services. Furthermore, robust deployment
of 5G network infrastructure is estimated to improve the
operational efficiencies in several IoT use cases, including smart
homes, smart cities, and industry 4.0. Hence, the rising need for
high bandwidth to provide reliable communication to IoT devices is
expected to elevate the overall market growth over the forecast
period. In some countries, such as the U.S., China,
and Japan, the trend of monitoring energy systems of buildings
remotely is rising gradually. This is expected to open new
opportunities for rolling out 5G services over the forecast period,
including smart control systems for the Company’s solar power +
storage subsidiary.
Reference :
https://www.prnewswire.com/news-releases/5g-services-market-size-worth-1-67-trillion-by-2030-with-cagr-of-52-0-grand-view-research-inc-301503805.html#:~:text=5G%20Chipset%20Market%20%2D%20The%20global,69.1%25%20from%202021%20to%202028.
About Borqs Technologies,
Inc.Borqs Technologies is a global leader in software and
products for the 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’ unique strengths include its
Android and Android Wear Licenses which enabled the Company to
develop a software IP library covering chipset software, Android
enhancements, domain specific usage and system performance
optimization, suitable for large and low volume customized
products. The Company is also currently in development of 5G
products for phones and hotspots.
Borqs recently acquired controlling interests in
a solar energy storage systems company in the U.S.
Forward-Looking Statements and
Additional InformationThis 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 “forecasts”, “expects”, “believes”,
“anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”,
“might”, “plan”, “possible”, “should”, “estimates” 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 management’s
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 the possibility that the
positive financial results from business activities as described
herein may not be reached or at all, and the negative impact of the
COVID-19 pandemic on the Company’s supply chain, revenues and
overall results of operations, so the reader is advised to refer to
the Risk Factors sections of the Company’s filings with the
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 any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Contact:
Sandra DouVice President of Corporate FinanceBorqs Technologies,
Inc.sandra.dou@borqs.net www.borqs.com
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