Borqs Eyes Expansion Into Artificial Intelligence Of Things Solutions

Borqs Technologies, Inc. BRQS plans to expand into artificial intelligence solutions, leveraging its IoT expertise across industries. Borqs will expand beyond its current water and energy reservation product line for smart city applications.

The company plans to develop consumer-oriented devices and solutions with artificial intelligence capabilities. 

With the latest development, the company will commercialize products that are currently targeted in e-health, sports, education, and asset protection.

Also Read: Borqs Shares Pop After It Bags Deal To Develop Android 5G Rugged Handheld Device

In June 2021, Borqs began delivering cellular CTA-2045 EcoPort products to SkyCentrics. Mobile-connected CTA-2045 EcoPort devices play an important role in smart cities.

Recently, Borqs received a Nasdaq extension to satisfy the minimum bid price requirement. The company has explained to the Nasdaq Panel that the sale of its solar subsidiary, Holu Hou Energy LLC (HHE), may bring forth a significant liquidity position and can positively affect its stock price.

Price Action: BRQS shares are trading higher by 2.69% to $0.2062 on the last check Tuesday.

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