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Borqs Technologies, Inc. (BRQS) is described in its public communications as a global provider of embedded software and products for the Internet of Things (IoT) and 5G wireless solutions. The news flow around Borqs covers both its operational activities in Android-based smart connected devices and IoT hardware, and significant corporate transactions that affect the structure and direction of the company.
Recent announcements highlight a major shift for Borqs. In April 2025, the company reported that it had completed the sale of its core businesses to Sasken Technologies Limited of India. This transaction included Borqs’ embedded software design and customized hardware manufacturing of IoT products, as well as customer contracts, technology licenses, intellectual property, certain subsidiaries, and employment agreements of key personnel. Earlier communications in 2024 described the planned sale of its hardware and software business to Sasken as part of a capital structure revamp.
Other news items have included interim financial results, where Borqs reported revenues from software and hardware segments and discussed gains from the disposal of subsidiary interests. The company has also issued releases on capital structure measures such as reverse stock splits and notifications related to Nasdaq listing requirements. Operational updates have covered topics such as smart IoT device initiatives for the African market, partnerships for CTA-2045 EcoPort and Modbus adaptor products for smart grid appliance manufacturers, and divestment processes for a solar energy storage subsidiary.
Investors and observers can use the Borqs news stream to follow developments in its IoT and 5G-related activities, its strategic partnerships, and its transition toward using transaction proceeds for investment activities in areas such as AI and capital-related ventures. Regularly reviewing company news can provide context on how Borqs’ business focus and corporate structure evolve over time.
Borqs Technologies, Inc. (Nasdaq: BRQS) received notice from Nasdaq's Hearings Panel, confirming its continued listing on the exchange conditional upon filing a Form 20-F by September 30, 2020. The Panel retains the right to reassess its decision based on future events. Borqs is recognized in the IoT sector for its customizable Android-based devices and is developing 5G products. The company acknowledges the risks associated with timely filing and compliance with the Panel's requirements, focusing on its strategic partnerships and innovative solutions.
Borqs Technologies (Nasdaq: BRQS) has announced a strategic partnership with Juniper Systems, a leader in mobile data collection applications for harsh environments. This collaboration will enable Borqs to provide advanced component design using Qualcomm processors and Android operating systems for Juniper's ultra-rugged tablets and handhelds. The Mesa(R)3 Android Rugged Tablet is set to be launched as an Android Recommended Enterprise Device, suitable for demanding fields such as petrochemical plants and military operations. Both companies aim to leverage their strengths to introduce 5G products in the future.
Borqs Technologies, Inc. (BRQS) announced a purchase order exceeding US$15M for mobile point of sale (POS) IoT devices aimed at the Indian market. The device is tailored to meet local needs, having passed various certifications. The mobile POS market in India is projected to grow significantly, with transaction volumes expected to reach US$47,749m by 2024, reflecting a CAGR of 42.5%. Borqs aims to capitalize on this growth with its innovative offerings, supported by strong relationships with chipset partners and a robust software portfolio.
Borqs Technologies (BRQS) announced the launch of its mobile smart tracking solution, BeSmartTrack, in Taiwan, aimed at addressing the tracking needs related to COVID-19. The solution features real-time tracking, geofencing, and location history. It is being deployed with a leading mobile carrier in Taiwan using IoT technology. BeSmartTrack encompasses devices for senior citizens and garbage disposal tracking, and supports multiple cellular technologies including LTE and 5G. Borqs underscores its innovative capabilities in IoT and Android-based solutions.
Borqs Technologies, Inc. (Nasdaq: BRQS) announced an extension of its listing compliance period with Nasdaq, after failing to file its 2019 Form 20-F. The Nasdaq Hearings Panel has granted a 15-day suspension stay pending a hearing on August 27, 2020. The company aims to present a detailed plan to regain compliance. Despite the challenges, trading of Borqs shares will continue during this period. The company specializes in IoT software and products, focusing on customizable Android-based devices.
Borqs Technologies, Inc. (Nasdaq: BRQS) received a delisting determination letter from Nasdaq due to its failure to file the Annual Report on Form 20-F for the fiscal year ended December 31, 2019, by the June 30, 2020 deadline. The company plans to appeal this determination by July 16, 2020, which will temporarily suspend the delisting until July 31, 2020. The delay in filing is attributed to the COVID-19 pandemic affecting auditing processes in India and China. Borqs is actively working with auditors to complete the necessary procedures.
Borqs Technologies (Nasdaq: BRQS) announced delays in its financial audit for the year ended December 31, 2019, due to ongoing travel restrictions related to the COVID-19 pandemic. The company reported a net revenue of $109.7 million and a net loss of $7.7 million for that year. Despite these challenges, Borqs is recognized as a leader in IoT solutions, focusing on developing customizable products and cloud services. The company assures that it will provide updates on its audit filing once pandemic conditions improve.
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