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Borqs Technologies, Inc. - BRQS STOCK NEWS

Welcome to our dedicated page for Borqs Technologies news (Ticker: BRQS), a resource for investors and traders seeking the latest updates and insights on Borqs Technologies stock.

Borqs Technologies, Inc. (Nasdaq: BRQS) is a leading global provider in the Internet of Things (IoT) and 5G solutions space. The company specializes in creating customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. Leveraging its strategic partnerships with major chipset manufacturers and its extensive software and intellectual property (IP) portfolio, Borqs is recognized as an innovative end-to-end IoT solutions provider.

Borqs' unique Android Licenses allow it to develop a comprehensive software IP library that enhances chipset software, domain-specific usage, and system performance optimization. This library supports both large-scale and low-volume customized products. Currently, Borqs is working on developing 5G products for phones and hotspots, further solidifying its position in the market.

The company has achieved significant milestones, including multiple non-binding indications of interest for its stake in Holu Hou Energy LLC (HHE). Selected potential buyers are now participating in the second round of due diligence and negotiations for the complete divestment of Borqs' interest in HHE.

Financially, Borqs continues to strengthen its position through various strategic initiatives and partnerships. Despite challenges in the international business environment that may impact the supply chain, Borqs remains focused on delivering positive financial results.

For the latest updates and more detailed information, you can contact Sandra Dou, Vice President of Corporate Finance, at IR@borqs.com or visit their website at www.borqs.com.

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Borqs Technologies approves 1-for-12 reverse stock split
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Borqs Technologies receives multiple indications of interest for stake in Holu Hou Energy LLC
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Borqs Technologies is developing smart IoT devices for the African market, including mobile phones leased to local users. The project can potentially generate about $30M in sales per year. Africa's mobile phone market is the world's fastest-growing, with a 65% annual growth rate. Sale of mobile phones in Africa is set to more than double in the next five years. This presents a positive opportunity for telecom investors in Africa.
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Borqs Technologies approves 1-for-12 reverse stock split, effective October 10, 2023
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Borqs Technologies, Inc. to present at Dawson James Conference on Oct. 12th. Expects significant cash proceeds from divesting stake in HHE. Recently received 'Speculative Buy' rating from WallStreet Research.
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Borqs Technologies and SkyCentrics will launch Modbus adaptor products in Q4 2023, targeting Smart Grid appliance manufacturers and OEMs in the U.S. The products will enable Demand Response signal delivery and data acquisition, supporting cellular and PoE connectivity. The partnership aims to enable grid-interactivity and sync energy usage to grid prices and carbon emissions. Commercial and residential markets in buildings and power grid optimization estimated to reach $154 billion by 2026.
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Borqs Technologies received deficiency notification from Nasdaq for not maintaining minimum market value of $35 million for 30 consecutive business days. They have been given a compliance period of 180 days to regain compliance. If not achieved by March 13, 2024, securities will be subject to delisting.
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Borqs Technologies to present at WallStreet Research / Global Capital Network / Med Tech Conference on October 5th, 2023. The company is divesting its 49% stake in HHE and expects substantial cash proceeds. Recent research report assigns a 'Speculative Buy' rating with a target price range of $1.00 to $1.20.
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Borqs Technologies receives 'Speculative Buy' rating with six-month price targets of $1.00 to $1.20 per share. The company expects a nine-figure gain from divesting its stake in Holu Hou Energy, LLC. Revenues for 2022 were over $52.5 million. Borqs aims to expand its core business IP and transition into a Global AIoT solution provider.
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Borqs Technologies granted extension for divestment of subsidiary, Holu Hou Energy LLC, by CFIUS.
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FAQ

What services and products does Borqs Technologies offer?

Borqs Technologies specializes in IoT and 5G solutions, offering customizable Android-based smart devices and cloud services.

Who are Borqs Technologies' key partners?

Borqs leverages strategic partnerships with major chipset manufacturers to enhance its product offerings and software IP portfolio.

What recent developments have been announced by Borqs Technologies?

Borqs has received multiple non-binding indications of interest for its stake in Holu Hou Energy LLC and is in the second round of negotiations for divestment.

How does Borqs Technologies stand out in the market?

Borqs' unique Android Licenses and extensive software IP library enable it to offer customized and scalable IoT solutions, setting it apart in the industry.

What is Borqs Technologies' financial outlook?

Borqs is focused on strategic initiatives to deliver positive financial results despite potential challenges in the international business environment.

Where can investors find more information about Borqs Technologies?

Investors can contact Sandra Dou, Vice President of Corporate Finance, via email at IR@borqs.com or visit the company website at www.borqs.com.

What market sectors does Borqs Technologies operate in?

Borqs operates primarily in the IoT and 5G sectors, providing end-to-end solutions for these rapidly growing markets.

How does Borqs Technologies support its customized products?

Borqs supports its customized products through its comprehensive software IP library that enhances system performance and domain-specific usage.

What is the significance of Borqs' Android Licenses?

Borqs' Android Licenses allow the company to develop a robust software IP library, making it possible to create highly customized IoT solutions.

What are Borqs Technologies' future plans?

Borqs is focused on developing 5G products for phones and hotspots, aiming to strengthen its market position and expand its product offerings.

Borqs Technologies, Inc.

Nasdaq:BRQS

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BRQS Stock Data

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