Borqs Technologies Secures Enterprise Handheld Android Computer Purchase Orders Worth $10M From Fortune 500 Company

Borqs Technologies Inc BRQS has bagged purchase orders from a U.S. Fortune 500 Company to supply multiple enterprise Android-based handheld computers to the U.S., E.U., and Asian markets.
Borqs develops rugged handheld computers with critical technologies for the U.S. market. The products include the latest radio bands, integrated scanners.
The devices increase productivity in retail, healthcare, point of sales (POS), pickup and delivery, field service applications, and eventually distributed to the E.U. and Asian markets.
The estimated revenues from these purchase orders are worth $10 million within a year.
Borqs expects the mobile handheld market to grow steadily following the retail market recovery from the pandemic.
Price action: BRQS shares traded higher by 5.47% at $0.99 in the premarket session on the last check Tuesday.