Borqs’ Solar Energy Storage Systems Subsidiary Presents at Cantor Fitzgerald Conference Started in Hawaii with over $128 million in contracts to be signed within 2022, and now coming to California
27 Junho 2022 - 10:00AM
Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”),
a global provider of 5G wireless solutions, Internet of Things
(IoT) solutions, and innovative clean energy, with global
operations in the U.S., India and China, today announced that its
majority owned solar energy storage systems subsidiary, Holu Hou
Energy LLC (“HHE”), will be presented at the Cantor Fitzgerald
Technology ESG Conference, June 27-29, 2022 in Palo Alto,
California. The material for HHE’s presentation is on file with the
SEC at:
https://www.sec.gov/Archives/edgar/data/0001650575/000121390022034743/ea162010ex99-1_borqs.htm
Among the high lights of the HHE presentation
are:
- HHE is the only residential energy
storage system that eliminates the economic barriers to the
Multi-Dwelling Unit Property Market;
- Next-Gen DC-based modular hybrid
PCS inverter;
- Higher power and safer;
- Total connectivity by WiFi,
Ethernet and Bluetooth;
- Energy share technology for
multi-dwelling unit residential;
- Over $28 million executed contracts
for installations starting in 2nd half of 2022;
- Forecast of over $100 million to be
signed in Q3 2022 and over $350 million of pipeline opportunities
in the following 36 months.
HHE’s presentation is scheduled for Tuesday June
28 at 8:40am PST.
See more of HHE's Breakthrough "Energy Share" Technology for
Multi-Dwelling Unit Properties
About Borqs Technologies,
Inc.Borqs Technologies is a global leader in software and
products for the IoT, providing customizable, differentiated and
scalable Android-based smart connected devices and cloud service
solutions. Borqs has achieved leadership and customer recognition
as an innovative end-to-end IoT solutions provider leveraging its
strategic chipset partner relationships as well as its broad
software and IP portfolio. Borqs’ unique strengths include its
Android and Android Wear Licenses which enabled the Company to
develop a software IP library covering chipset software, Android
enhancements, domain specific usage and system performance
optimization, suitable for large and low volume customized
products, and is also currently in development of 5G products for
phones and hotspots. The Company acquired controlling shares of the
solar energy storage system entity, Holu Hou Energy LLC, in October
2021.
About Holu Hou Energy, LLCHolu
Hou Energy, LLC, a Delaware Corporation, brings state-of-the-art
renewable energy and energy storage systems to the Single-Family
Residential, Multi-Dwelling Unit Residential and Commercial
building markets. With operations in California, Hawaii, Wisconsin
and Shanghai, HHE engineers proprietary storage system and control
platform solutions, including a breakthrough “HHE Energy Share”
technology that is key to development of the Multi-Dwelling Unit
Residential housing market. HHE is a vital partner for investors
and asset owners that are seeking ESG solutions. For more
information, visit www.holuhou.com
Forward-Looking Statements and
Additional InformationThis press release may include
“forward-looking statements” that involve risks and uncertainties
that could cause actual results to differ materially from what is
expected. Words such as “forecasts”, “expects”, “believes”,
“anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”,
“might”, “plan”, “possible”, “should”, “estimates” and variations
and similar words and expressions are intended to identify such
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Such forward-looking
statements are based on currently available information and reflect
our management’s current beliefs. Many factors could cause actual
events or results to differ materially from the events and results
discussed in the forward-looking statements may not truly describe
the financial conditions, including the possibility that the
positive financial results from business activities as described
herein may not be reached or at all, and the negative impact of the
COVID-19 pandemic on the Company’s supply chain, revenues and
overall results of operations, so the reader is advised to refer to
the Risk Factors sections of the Company’s filings with the
Securities and Exchange Commission for additional information
identifying important factors that could cause actual results to
differ materially from those anticipated in the forward-looking
statements. Except as expressly required by applicable securities
law, the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Contact:
Sandra DouVice President of Corporate
FinanceBorqs Technologies,
Inc.sandra.dou@borqs.net www.borqs.com
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