Borqs Technologies will provide 5G technical training courses

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SANTA CLARA, Calif., May 02, 2022 (GLOBE NEWSWIRE) — Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs” or the “Company”), a global provider of 5G wireless, Internet of Things (IoT) and innovative clean energy company, recently purchased Qualcomm’s 5G patent license, today announced that in cooperation with Qualcomm Wireless Academy (QWA), the company is partnering with Mission College Santa Clara to deliver a series technical training courses on 5G wireless solutions through college programs this summer. The program is available to students as well as engineers from high-tech companies, at Mission College in Santa Clara, California, in the heart of Silicon Valley.

Through these programs, Borqs would be able to sponsor innovative 5G technology and could create intellectual property. The initiative would strengthen our brand reputation in the industry, expand Borqs presence in the US and attract 5G talent.

Online classes will begin with a six-hour introductory class and weekly classes for up to eight weeks. Technical staff from Qualcomm Wireless Academy or Borqs will provide the training. The lectures are expected to start in the summer of this year and will cover a wide range of technical specifications and applications for people wishing to pursue a profession in the latest mobile communication technologies. A certificate of completion will be provided by Mission College. The goals of Borqs and Mission College are to promote the use and deployment of 5G technologies across a wide range of industries, to initiate 5G production for commercial and government use, and to help increase the success of technical job seekers and skills needed to roll out 5G products.

Interested students can register for classes at communityed.missioncollege.edu.

5G networks are being rolled out internationally to boost internet speeds at home and in business environments. Higher bandwidth speeds lead to improved smart homes, smart cities, and Industry 4.0. This includes monitoring the energy efficiency of buildings to combat climate change, with the ultimate goal of using less energy overall.

According to market research, the global 5G services market size is expected to reach USD 1.67 trillion by 2030, registering a CAGR of 52.0% from 2022 to 2030, according to a new study by Grand View Research, Inc. – Reliable and low latency data networks capable of delivering enhanced mobile connectivity are expected to drive the market growth over the forecast period. United States is expected to dominate the North America regional market from 2022 to 2030 due to growing demand for higher data speeds for several end-use applications including M2M communications, energy management and public services and smart mobility management. It is believed that the need to ensure strong, seamless and uninterrupted connectivity with autonomous vehicles will drive the adoption of 5G services. Furthermore, robust deployment of 5G network infrastructure is believed to improve operational efficiency in several IoT use cases including smart homes, smart cities, and Industry 4.0. Hence, the growing need for high bandwidth to provide reliable communication to IoT devices is expected to increase the overall market growth over the forecast period. In some countries, such as the United States, China, and Japan, the trend to remotely monitor building energy systems is gradually increasing. This should open up new opportunities for the deployment of 5G services over the forecast period, including smart control systems for the company’s solar + storage subsidiary.

Reference: https://www.prnewswire.com/news-releases/5g-services-market-size-worth-1-67-trillion-by-2030-with-cagr-of-52-0-grand-view- research-inc-301503805.html#:~:text=5G%20Chipset%20Market%20%2D%20The%20global,69.1%25%20from%202021%20to%202028.

About Borqs Technologies, Inc.
Borqs Technologies is a global leader in IoT software and products, 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 by leveraging its strategic relationships with chipset partners as well as its extensive software and IP portfolio. Borqs unique strengths include its Android and Android Wear licenses which have enabled the company to develop a software IP library covering chipset software, Android enhancements, domain-specific usage and system performance optimization, tailored to high and low volume custom products. The Company is also currently developing 5G products for phones and hotspots.

Borqs recently acquired a majority stake in a solar energy storage systems company in the United States

Forward-Looking Statements and Additional Information
This press release contains “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “plans”, “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might” , “plans”, “possible”, “should”, “estimates” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of such words does not mean that a statement is not forward-looking. . These forward-looking statements relate to future events or future results, based on currently available information and reflect the current beliefs of our management. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including the possibility that the positive financial results of the business activities described herein may not be achieved or not at all. all, and the negative impact of the COVID-19 pandemic on the company’s supply chain, revenues and overall operating results, the reader is therefore advised to refer to the Risk Factors sections of the documents filed by the company 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 laws, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor contacts:

Sandra Dou
Vice President of Corporate Finance
Borqs Technologies, Inc.
[email protected]
www.borqs.com

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