Borqs Technologies, Inc. to Present on October 5th at the WallStreet Research / Global Capital Network / Med Tech Conference in Newport Beach, CA.

SANTA CLARA, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS; “Borqs” or “the Company”), will be presenting on October 5^th, 2023, at the WallStreet Research / Global Capital Network / Med Tech Conference being held all day at the Hyatt Hotel in Newport Beach, California. The Company is a global leader in embedded software and products for the Internet of Things (IoT) industry.  The Company is also in the process of divesting its 49 percent stake in Holu Hou Energy LLC, (“HHE”), a solar energy + storage company that currently has the majority of its activities in Hawaii. HHE has recently signed a multi-year agreement for the installation of the HHE systems in 6,000 residential units at the Palm Island Community in Hawaii, and Borqs expects to receive potentially substantial cash proceeds from the divestiture. The sale of HHE is targeted to be completed by year-end of 2023, and the Company intends to use the proceeds for future acquisitions and possible share repurchases or to pay special dividends.