BORQS’ MVNO BUSINESS UNIT RANKS AMONG TOP 10 VIRTUAL OPERATORS IN CHINA’S COMMUNICATION INDUSTRY IN 2017

SAN DIEGO, Calif. (Oct. 20, 2017) – Borqs Technologies, Inc., a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), is pleased to announce that Yuantel, a wholly-owned subsidiary of the MVNO business unit affiliated with Borqs, has been ranked second among the top 10 Chinese mobile virtual network operators (MVNOs) in 2017 during the recently held PT/EXPO China 2017 in Beijing. PT/EXPO China is sponsored by the Ministry of Industry and Information Technology of China and is known as the key telecom exhibition for the information and communication industry of China. PT/EXPO revealed the 2016-2017 ranking list of China’s information and communication industry. Yuantel was recognized due to its excellent operation performance, strong research and development, innovative products and strategic industrial layout.

 

Jason Wang, president of YuanTel, said, “YuanTel has been selected in the ranking list for MVNOs consistently for the past three years. This indicates a high recognition for the team’s innovative capacity, and further encourages us to provide better and more innovative services in the future. By taking advantage of the technological superiority of its parent company Borqs, YuanTel has made a presence in the Internet of Things (IoT) industry—providing smart Android IoT solutions, as well as intelligent services like SDK and IoT voice.”

 

Currently, the number of Chinese MVNO users has exceeded 50 million, making China the largest in the world in terms of MVNO users.

 

About Borqs

 

Borqs Technologies (NASDAQ: BRQS) is a global leader in software and products for 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 designs, develops and provides turnkey solutions across device form factors such as Smartphones, Tablets, Smartwatches, Trackers, Automotive IVI, Vertical application devices (for restaurants, payments et al.). For more information, please visit the Borqs website (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 sections of the companies’ filings with the U.S. 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 companies disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

 

Borqs Contacts:

 

Michelle Wang, Market Communications

Email:michelle.wang@borqs.net

Sandra Dou, Investor Relations

Email:sandra.dou@borqs.net