Borqs Technologies Advancing 2-Wheeler Smart Cluster Dashboard Into Attractive Taiwanese Market
March 13 2023 - 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, announced that the
Company has entered into the two/three-wheelers automotive space by
developing the smart cluster dashboard and has successfully
demonstrated the newly developed unit during the 2023 January CES
Exhibition. The new smart cluster dashboard is installed on a
two-wheeler and connected to the internet via the cellular network.
The Company is partnering with Faspro Systems who will assist Borqs
in sales and also support deployment in the region.
As of October 2022, there are 14.38 million
motorcycles and 8.43 million cars registered in Taiwan. That is,
about 62 percent of Taiwanese 23.19 million population currently
own a scooter. Full Year 2022 sales have been 752,631 units. The
electric vehicle segment is growing moderately.
The smart cluster dashboard, developed by Borqs’
design team, supports global cellular bands, dual-band Wifi and
GPS. The unit enables the connected 2-wheeler to provide mobile
telephony, data connectivity, vehicle diagnostics, location
services, remote vehicle control, battery management, and sensing
capabilities. Through a companion application on a smart phone, a
user can locate and control the 2-wheeler, locate near-by
charging/gas stations, etc. Connected to a cloud, a whole set of
analytics and guidance can be provided to various stake holders.
The smart cluster dashboard is modular in architecture and has
ample I/Os for any custom design. Borqs having its core strength in
development of cellular radios can support OEMs for system
integration on the vehicles to get better connectivity.
“We’re very excited about the opportunity to
diversify Borqs revenue streams by enter our ready smart cluster
dashboard product in attractive market in Taiwan. We believe that
there’re also significant opportunities for our product throughout
Asia & globally,” stated Mr. Pat Chan, CEO of Borqs.
Reference: Read more:
https://tribune.net.ph/2022/11/25/motorcycles-and-transportation-in-taiwan/
https://www.motorcyclesdata.com/2023/01/29/taiwan-motorcycles/#:~:text=in%20the%20second.-,Full%20Year%202022%20sales%20have%20been%20752.631%2C%20down%208.1%25%2C,and%20L3%20segment%20up%2068.9%25
https://reportsandinsights.com/report/motorcycle-market
About Borqs Technologies,
Inc.Borqs Technologies (Nasdaq: BRQS, “Borqs”, or the
“Company”) 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, and is also currently in
development of 5G products for phones and hotspots. Website:
www.borqs.com.
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.IR@borqs.com www.borqs.com
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