Borqs Technologies Inc's Comment on Sales, Marketing and Customers
Borqs serves customers primarily in the United States and internationally through its Connected Solutions business unit, which collaborates with chipset partners such as Intel and Qualcomm. The company provides customized Android platform software and services for vertical market segments, including Android phones, tablets, watches, and IoT devices. Revenue is derived significantly from customers both outside China and within China. Key customers representing near or over 10% of total revenues include M-KOPA Kenya Limited, Metro (Suzhou) Technologies Co Ltd, ECOM Instruments, and GreatCall, Inc. On April 9, 2025, Borqs sold its core businesses to Sasken, with its executives restricted from engaging in similar business activities for five years. Borqs maintains research and development centers in Beijing, China, and Bangalore, India, and employs staff in China, Hong Kong, and the United States.
In a significant move aimed at reshaping its capital structure, Borqs Technologies, Inc. (U.S. OTC: BRQSF), a noted global provider of embedded software and products within the Internet of Things (IoT) sector, has announced the planned sale of its hardware and software business to Sasken Technologies, Inc. The transaction, which is expected to close by the end of 2024, comes as Borqs seeks to streamline its operations and enhance its financial health.On November 11, 2024, Borqs detailed the sale agreement, indicating that the total consideration is set to be capped at US$40 million. This figure will encompass potential earn-outs, management incentives, and other performance-linked payouts designed to motivat...
Borqs Technologies Inc’s Comment on Sales, Marketing and Customers
Borqs serves customers primarily in the United States and internationally through its Connected Solutions business unit, which collaborates with chipset partners such as Intel and Qualcomm. The company provides customized Android platform software and services for vertical market segments, including Android phones, tablets, watches, and IoT devices. Revenue is derived significantly from customers both outside China and within China. Key customers representing near or over 10% of total revenues include M-KOPA Kenya Limited, Metro (Suzhou) Technologies Co Ltd, ECOM Instruments, and GreatCall, Inc. On April 9, 2025, Borqs sold its core businesses to Sasken, with its executives restricted from engaging in similar business activities for five years. Borqs maintains research and development centers in Beijing, China, and Bangalore, India, and employs staff in China, Hong Kong, and the United States.
Sources:
Borqs Technologies Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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