BRQS - Borqs' Holu Hou Energy signed $49.8M of contracts in Q2 2022 in Hawaii stock +15%

• Borqs Technologies ( NASDAQ: BRQS ) has announced that its subsidiary, Holu Hou Energy, has signed with developers and property owners for nine solar plus energy storage projects in the State of Hawaii totalling $49.8M .
• The unique HHE’s Energy Share technology enables 25% more delivered energy with 50% fewer batteries and fully opens the previously untapped Multi-Dwelling Unit property market.
• Implementation of these projects will start as early as Q3 of 2022 and be completed within 2023.
• “These recent signed contracts in Q2 testified for the customers’ awareness of the HHE advantages and that we have a competitive edge over with many brands that are much more well-known than us.” said Pat Chan, Founder and CEO of Borqs.

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