Borqs Technologies, Inc. - Ordinary Shares (BRQS) Company Bio
Borqs Technologies, Inc., through BORQS Beijing Ltd., engages in the development of software services and products for Android-based smart connected devices and cloud service solutions in China, India, the United States, and internationally. The company develops wireless smart connected devices and cloud solutions; and provides a range of 2G/3G/4G voice and data services for general consumer usage and Internet-of-things devices, as well as telecom services, such as voice conferencing. The company is based in Beijing, China.
Borqs Technologies ([[BRQS]] +67.8%) has received a purchase order of more than $15M to supply mobile point of sale (‘POS’) IoT devices for the India market.The POS device has passed global mobile payment certifications and India mobile operator certifications.According to Statista, “Transaction value in the Mobile POS Payments segment in India is projected to...
Borqs Technologies, Inc. (BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, announced that due to travel restrictions and lockdown through June 30th related to the COVID-19 pandemic, staff of our Beijing based accounting department as well as our New York based auditor had not been able to travel freely within China and India, and from the U.S. to these two countries. The Company was not able to complete its financial audit for the year ended December 31, 2019 and file the required annual report on Form 20-F by the deadline of June 30, 2020. As a result, the Company is not in compliance with the reporting rules of the U.S. Securities and Exchange Commission and of the Nasdaq Stock Market.