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Insights Success Magazine Honors Borqs Technologies As One Of The '10 Most Innovative IoT Solution Providers'

2017-09-18 21:00 1224

Borqs Joins Elite Group of Organizations that Have Earned a Spot on Prestigious List

SAN DIEGO, Calif., Sept. 18, 2017 /PRNewswire/ -- Borqs Technologies, Inc., a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), is pleased to announce it has been recognized by Insights Success magazine, a publication that focuses its coverage on emerging and quickly-growing companies and their leadership, as one of the 10 most innovative IoT solution providers.

"We are honored to be recognized by Insights Magazine," said George Thangadurai, EVP and President of International Business at Borqs. "To be included on this prestigious list is a testament to Borqs' hard work and dedication to providing innovative solutions to meet the needs of our customers around the world."

According to Gartner, businesses are spending more on the IoT market overall, with companies set to spend $964 billion on IoT hardware this year, compared to consumer spending of $725 billion. This year, spending on IoT devices and services will reach nearly $2 trillion, which will be spread across North America, China and Western Europe, where about 67 percent of IoT devices exist.

Borqs' diversified customer base includes mobile chipset manufacturers, mobile device OEMs and mobile operators. This includes more than six mobile chipset manufacturers (Intel, Qualcomm, Freescale, et al.,) and more than 25 connected device OEMs (LGE, Micromax, Acer, Motorola, Vizio, etc.) in 11 countries with BorqsWare™ solutions embedded in more than 15 million units worldwide. Products designed by Borqs have been deployed by more than 10 service providers (AT&T, Verizon, China Mobile, Claro, Orange, Reliance Jio, Sprint, Orange, et al.) in four continents.

Leveraging strategic chipset partner relationships with leading chipset vendors to maximize its broad software and intellectual property (IP) portfolio, Borqs has achieved superior leadership and customer recognition throughout the world. Borqs was selected by Qualcomm in 2016 as its partner to develop the world's first 4G Android wearable as part of its next-generation Qualcomm® Snapdragon™ Wear platform. At MWC Shanghai in 2017, Borqs demonstrated the first Qualcomm® Snapdragon™ Wear 1200 platform based device to help usher in a new generation of ultra-low power, highly energy efficient, always connected, and cost-efficient wearable devices such as kid, pet, elderly, and fitness trackers based on emerging LTE M1 and NB1 technologies.

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.

For more information about Borqs, please visit: 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.

MEDIA CONTACT:

Leslie Licano, Beyond Fifteen Communications, Inc.
949.733.8679 O. | leslie@beyondfifteen.com

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Source: Borqs Technologies, Inc.
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