Benzinga | Jun 15, 2021 09:29AM EDT

Borqs Technologies Secures Enterprise Handheld Android Computer Purchase Orders Worth $10M From Fortune 500 Company

* Borqs Technologies Inc (NASDAQ:BRQS) has bagged purchase orders from a U.S. Fortune 500 Company to supply multiple enterprise Android-based handheld computers to the U.S., E.U., and Asian markets.

* Borqs develops rugged handheld computers with critical technologies for the U.S. market. The products include the latest radio bands, integrated scanners.

* The devices increase productivity in retail, healthcare, point of sales (POS), pickup and delivery, field service applications, and eventually distributed to the E.U. and Asian markets.

* The estimated revenues from these purchase orders are worth $10 million within a year.

* Borqs expects the mobile handheld market to grow steadily following the retail market recovery from the pandemic.

* Price action: BRQS shares traded higher by 5.47% at $0.99 in the premarket session on the last check Tuesday.