Borqs Technologies Launched Mobile Smart Tracking Cloud Solution in Taiwan, As International Demand Increases For Tracking Th...
10 August 2020 - 11:00PM
Borqs Technologies, Inc. (Nasdaq: BRQS), (the “Company”, or
“Borqs”), a global leader in embedded software and products for the
Internet of Things (IoT) industry, today announced that it has
launched its mobile smart tracking solution, BeSmartTrackTM in
Taiwan. Borqs is gearing up to meet international demand to track
and trace the global spread of COVID-19. The solution
provides a comprehensive set of features for location tracking
(real-time tracking, geofencing, location history). This solution
is being deployed with a leading mobile carrier network operator in
Taiwan using IoT technology Cat-M1. Borqs provides both the cloud
platform as well as the end-user tracker device. In Taiwan, the
applications include the tracking of senior citizens and the
tracking the disposal of garbage.
BeSmartTrackTM includes end-user devices (e.g.
smartwatches and trackers), servers deployable on public cloud
infrastructure (AWS and Azure) or within enterprises, web portals
and companion applications for Android and iOS smartphones. The
end-user devices support multiple cellular technologies including
LTE IoT (NB-IoT, Cat-M for 5G), and LTE, and incorporate Borqs’
proprietary technologies for power-efficient and accurate location
tracking.
BeSmartTrackTM can address a number of verticals
including senior well-being and child safety. The system is also
suitable for pet & asset tracking, and also for consumers (e.g.
parents, caregivers) and enterprises (e.g. healthcare and emergency
personnel). It can be customized based on deployment-specific
requirements. BeSmartTrackTM is being used to actively track the
elderly and is working on advanced trials to track/trace
quarantined individuals in the current Covid-19 pandemic
situation.
About Borqs Technologies,
Inc.
Borqs Technologies is a global leader in
software and products for the 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’ unique strengths include its Android and
Android Wear Licenses which enabled the Company to develop a
software IP library covering chipset software, Android
enhancements, domain specific usage and system performance
optimization, suitable for large and low volume customized
products. The Company is also currently in development of 5G
products for phones and hotspots.
Forward-Looking Statements and
Additional Information
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 management’s current beliefs.
Many factors could cause actual events or results to differ
materially from the events and results discussed in the
forward-looking statements, including the possibility that the
Company will not consummate its previously announced line of credit
transaction on terms favorable to the Company or at all, the
possibility that the Company may not receive actual orders in the
amounts forecasted previously, the possibility that the Company may
not be able to deliver its wearable device to satisfy the increased
demand forecasted, and the negative impact of the coronavirus on
the Company’s supply chain, revenues and overall results of
operations, so the reader is advised to refer to the Risk Factors
sections of the Company’s filings with the 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 Company disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Investor Contact:
Sandra DouDirector of FinanceBorqs Technologies,
Inc.sandra.dou@borqs.netwww.borqs.com
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/6b6f01e2-b979-4b1b-8d17-c98ab9553bf4
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