Borqs Technologies Launched Mobile Smart Tracking Cloud Solution
April 23 2020 - 9:00AM
Borqs Technologies, Inc. (Nasdaq: BRQS), (the “Company”, or
“Borqs”), a global leader in embedded software and products for the
Internet of Things (IoT) industry, today announced that it has
launched a mobile smart tracking solution, BeSmartTrack™. The
solution provides a comprehensive set of features for location
tracking (real-time tracking, geofencing, location history), user
safety (fall detection, health status), voice & text messaging,
and customizable alerts. This solution is being deployed with
leading mobile carrier network operators in the world and a
multinational conglomerate in India which is one of the largest
mobile operators in that country, and also with private
enterprises.
BeSmartTrack™ includes end-user devices
(e.g. smartwatches and trackers), servers deployable on public
cloud infrastructure (AWS and Azure) or within enterprises, web
portals and companion applications for Android and iOS smartphones.
The end-user devices support multiple cellular technologies
including LTE IoT (NB-IoT, Cat-M for 5G), and LTE, and incorporate
Borqs’ proprietary technologies for power-efficient and accurate
location tracking.
BeSmartTrack™ can address a number of
verticals including senior well-being and child safety which
according to the Department of Justice’s Guideline for the
Screening of Persons Working with Children, the Elderly, and
Individuals with Disabilities in Need of Support, “more than 87
million children are involved in activities provided by child and
youth service organizations and agencies each year”. The system is
also suitable for pet & asset tracking, and also for consumers
(e.g. parents, caregivers) and enterprises (e.g. healthcare and
emergency personnel). It can be customized based on
deployment-specific requirements. BeSmartTrack™ is being used
to actively track the elderly and is working on advanced trials to
track/trace quarantined individuals in the current COVID-19
pandemic situation.
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.
Forward-Looking Statements and
Additional Information
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 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
Company will not consummate its previously announced line of credit
transaction on terms favorable to the Company or at all, the
possibility that the Company may not receive actual orders in the
amounts forecasted previously, the possibility that the Company may
not be able to deliver its wearable device to satisfy the increased
demand forecasted, and the negative impact of the coronavirus 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 DouDirector of FinanceBorqs Technologies,
Inc.sandra.dou@borqs.netwww.borqs.com
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