BRQS - Borqs Technologies gains after winning $15M purchase orders from U.S. company

Borqs Technologies (NASDAQ:BRQS) is trading +2.84% pre-market after its subsidiary, Borqs Hong Kong, won $15M purchase orders, at 50% larger than previously forecasted in June, from a U.S. Fortune 500 company. The order relates to the supply of multiple models of enterprise Android-based handheld computer products for the U.S., EU and Asian markets. Borqs has already begun volume mass production on various models of the handheld computer products and has shipped about 10% of the orders. It may deliver up to 20% of the order by the end of 2021, with the bulk to be completed by 1H22.

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Borqs Technologies gains after winning $15M purchase orders from U.S. company