SANTA CLARA, Calif., Oct. 17, 2018 (GLOBE NEWSWIRE) — Borqs Technologies, Inc. (NASDAQ: BRQS) – a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), announced today that its Connectivity Business Unit, operated by its subsidiary YuanTel (Beijing) Telecommunications Technology, Co., Ltd. (Yuantel), has been ranked as one of the top 3 mobile virtual network operators (MVNOs) in China for the third consecutive year by the CCIDCOM (www.ccidcom.com), a leading China telecom information portal of the China Electronic Information Industry Development and Research Institute. The ranking is based on various criteria, including market influences, business and technology innovation, and customer satisfaction.
Since the establishment our mobile virtual network operator business, Yuantel has focused on innovative mobile Internet and the Internet of Things (IoT) services. It has filed 19 patents in China, with 8 of them granted and the remaining in review. In August 2018, Yuantel launched its patented eSIM+ business platform. The eSIM+ platform provides end-to-end functionality, which enables businesses to launch their IoT solutions more efficiently. The platform of Software Development Kit (SDK) allows an IoT device (e.g. wearable device) to dynamically obtain a new mobile number and perform real-time user identification with facial recognition, which is a requirement by the Chinese government for SIM activation. The backend server of the platform provides all the needed backend services for businesses to perform provisioning, charging and billing.
We have recently integrated our eSIM+ platform with LE01 smartwatch of Shenzhen LAOLE Health Technology Co., Ltd. (LAOLE), which was unveiled on September 17, 2018 at The London Fashion Week. The LE01 is a testament to the successful strategic partnership between Yuantel and LAOLE, and is among a series of collaborations and innovations in development between the two companies.
Zhibin Liu, CEO of LAOLE, said, “Following the successful launch of the LE01, we are raising the bar for communications innovation. Yuantel has provided an exclusive eSIM+ solution to offer convenient and efficient services to our customers. LAOLE and Yuantel will continue to collaborate to improve user experiences in upcoming wearable devices from LAOLE.”
“It is our honor to be recognized by an industry expert such as CCIDCOM as one of the top 3 MVNOs in China for the third consecutive year. We are starting to see a proliferation of IoT services in China. Our newly launched eSIM+ platform will enable companies to launch their services more efficiently and effectively. We are very pleased that the eSIM+ platform has been adopted by LAOLE,” said Jason Wang, President of the Connectivity Business Unit.
About Borqs: Borqs Technologies (NASDAQ: BRQS) is a global leader in software and products for IoT 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 leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio. BORQS designs, develops and provides turnkey solutions across device form factors such as smartphones, tablets, smartwatches, trackers, automotive in-vehicle infotainment and vertical application devices (for restaurants, payments, et al.) For more information, please visit the Borqs website ( http://www.borqs.com ).
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