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Borqs Technologies Acquired 51% Of Holu Hou Energy Llc

PRIVATEOct 21, 2021

Acquiring Company

BORQS

Acquired Company

Holu Hou Energy, LLC

Santa ClaraAieaSoftwareManufacturingEnergySustainabilityNatural Resources

Description

Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs,” or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), today announced it signed definitive agreements dated October 19, 2021 and now owns 51% interest in Holu Hou Energy LLC (“HHE”), an innovative solar energy and storage provider for the residential, multi-family residential and commercial building markets. The acquisition transaction has closed successfully.

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Company Information

Company

BORQS

Location

5201 Great America Parkway, Suite 320

Santa Clara, California, United States

About

BORQS is a global leader in embedded software and IoT products, delivering customizable, scalable Android-based smart-connected devices and end-to-end cloud-service solutions. Founded in 2007 and listed on NASDAQ under the symbol BRQS, BORQS operates R&D centers in China and India, with a presence in the USA, Japan, and Korea. The company partners with top chipset vendors to leverage a strong software and IP portfolio, enabling clients to excel in the IoT space. Notably, BORQS developed the first commercial-grade video telephony software for Android and collaborated with Qualcomm to create the world’s first 4G Android wearable on the Snapdragon™ Wear platform. From smartwatches to LTE-based trackers for kids, pets, and fitness, BORQS continues to lead innovation in low-power, always-connected wearables.

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Frequently asked

Who acquired Holu Hou Energy, LLC?

Holu Hou Energy, LLC was acquired by BORQS, based in Santa Clara. The deal was reported on October 21, 2021. BORQS is a global leader in embedded software and IoT products, delivering customizable, scalable Android-based smart-connected devices and end-to-end cloud-service solutions. BORQS is privately held and operates in Software.

When did BORQS acquire Holu Hou Energy, LLC?

BORQS's acquisition of Holu Hou Energy, LLC was reported on October 21, 2021. Borqs Technologies, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Holu Hou Energy, LLC do?

Holu Hou Energy LLC, a Delaware limited liability company, brings state-of-the-art energy storage systems to the Single-Family Residential, Multi-Family Residential and Commercial building markets. It is privately held, operating in Manufacturing, and is based in Aiea.

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