Borqs Technologies Inc. (BRQS) Stock Surges Following Further Development of Recent Strategic Collaborations

Borqs Technologies Inc. (BRQS) stock prices were up by 28.83% as of the market closing on October 25th, 2021. This brought the price per share up to USD$0.72. Subsequent premarket fluctuations saw the stock rise by 12.59%, bringing it up to USD$0.79.

BRQS Stock’s Bloomberg TV Interview

October 22nd, 2021 saw BRQS stock announce the airing of its interview with Executive Director of Finance Anthony Chan. The global provider of embedded software and IoT products had its interview aired on The RedChip Money Report on Bloomberg TV, which is available across a network of roughly 73 million homes across the United States.

About RedChip Money Report

The RedChip Money Report is produced by RedChip Companies Inc., which is an international Investor Relations and media firm that is backed by 30 years of experience focused on Discovering Tomorrow’s Blue Chips Today. The report serves to deliver insightful commentary on small-cap investing, interviews with the biggest analysts on Wall Street, financial book reviews, and interview with executives of leading public companies.

Collaboration with Holu Hou Energy

October 21st, 2021 saw BRQS stock announce the signing of definitive agreements that have granted it a 51% interest in Holu Hou Energy LLC. The partnership with the innovative solar energy and storage provider for the residential, multi-family residential, and commercial building markets has come into effect. The financial results of the partnering company are planned to be consolidated with BRQS stock as of the fourth quarter of 2021. The company has reaffirmed its partner’s projected revenue of USD$48 million for the year 2022.

BRQS Stock’s Synergistic Collaboration

The global leader in software and IoT products aims to provide customizable, innovative, and scalable Android-based smart connected devices and cloud service solutions. BRQS stock has consolidated its industry leadership and the scope of its customer recognition as an innovative end-to-end IoT solutions provider. This market leadership is facilitated by the leveraging of its strategic chipset partner synergies, as well as its extensive software and IP portfolio. The company is also in the works to develop 5G products for phones and hotspots as the world hurtles towards evolution from the existing standard of 4G.

Future Outlook for BRQS Stock

BRQS stock is keen to capitalize on the expanded scope of opportunities and consumer recognition afforded to it. The company is poised to maintain its trajectory of success in a bid to usher in unprecedented growth as it approached the last quarter of the year. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic increases in shareholder value over the long term.