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Silicon Review Names Borqs Technologies one of the 10 Fastest Growing IoT Companies

2017-09-11 21:00
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-Borqs Established as a Global IoT Leader

SAN DIEGO, Sept. 11, 2017 /PRNewswire/ -- Borqs Technologies, Inc. (NASDAQ: BRQS), a global leader in embedded software and products for the Internet of Things (IoT) industry, is pleased to announce it has been selected among the 10 Fastest Growing IoT Companies by The Silicon Review.

As Gartner reports that IoT devices have increased 31 percent from 2016 to 2017, hitting 8.4 billion connected "things", and predicts the number is expected to surge to 20.4 billion by 2020. Additionally, there are estimations that the number of IoT devices will surpass the number of mobile devices by as early as next year. Because those devices need sensors, networks, back-end infrastructure and analytics software to make them useful, The Silicon Review has identified the 10 fastest growing in IoT companies measured by the market impact, leadership skills, product values, client satisfaction and future growth projection.

"We are thrilled to have been selected as one of Silicon Review's top 10 fastest growing IoT companies," said Pat Chan, Borqs' chief executive officer and founder. "With research and development centers in China and India - and a strong presence in the USA, Japan and Korea - Borqs enables its customers worldwide to win in the IoT marketplace. We're proud to have achieved superior leadership and customer recognition throughout the world."

A Google GMS-licensed partner for Android and Android Wear, Borqs employs 600 people across the globe - 71 percent of whom are technical professionals - and is led by a management team known for its ability to develop and promote mobile internet software, application software and end-to-end solutions. A catalyst for smart phones, tablets, watches, trackers, wearables, vehicles, home appliances, machines and smart cities, Borqs is on a mission to generate human potential and enable a more intelligent and interconnected planet.

Founded in 2007, last month Borqs marked its debut as a public company, changing its name from Borqs International Holding Corps. to Borqs Technologies, Inc., listed on The NASDAQ Stock Market. Borqs' experienced and proven management team is determined to execute on the company's focused growth strategy.

For more information on Borqs, please visit http://www.borqs.com/.

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. Learn more at 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.

View original content:http://www.prnewswire.com/news-releases/silicon-review-names-borqs-technologies-one-of-the-10-fastest-growing-iot-companies-300516942.html

Source: Borqs Technologies, Inc.

Related stocks: NASDAQ-SMALL:BRQS

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