Benzinga | Jul 20, 2020 09:14AM EDT

Borqs Technologies Says Expects To Deliver 250K Units In FY20

SANTA CLARA, Calif., July 20, 2020 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (NASDAQ:BRQS), (the "Company", or "Borqs"), a global leader in embedded software and products for the Internet of Things (IoT) industry, announced that it has received significantly increased orders from the top level electronics retail chain in the US for its personal safety tracker. Based on the confirmed orders received so far and forecasts from the customer, the Company expects to deliver around 250,000 units in the fiscal year ending December 31, 2020, representing more than three-times the volume delivered in 2019 which was the first year this product came to market.



Borqs designs and manufactures this hi-tech mobile personal safety and tracking devices for constant monitoring and emergency services particularly for the elderly. The product is sold by a large US electronics retailer and is also available through major pharmacy chains and online. The wearable device features an easily accessible panic button, location tracking, fall detection and other vital health information. Users wearing the device and with subscription to the 24/7 alert service have access to a highly trained agent for help at the push of just one button. The mobile device is waterproof and can detect a sudden drop in height as in a fall and will send off an alert, making it particularly appealing to senior citizens and to a wider age-range of consumers particularly in the current Covid-19 pandemic.