Borqs Technologies Inc (NASDAQ: BRQS) is set to supply Android-based handheld computers to the E.U., U.S., and Asian markets. The opportunity comes following the company’s successful landing of purchase orders from U.S. Fortune 500 Company.
Borqs hopes to channel in significant revenue streams with the development of rugged handheld computers. The company employs some key technologies in its manufacturing endeavors. It uses the integrated scanner and radio bands in developing wide-ranging products.
The company’s handheld computers have passed radio certifications requirements, making them ideal for the U.S. market.
Most of the company’s devices happen to be quite helpful in boosting productivity in point of sales (POS), healthcare, retail, field service applications, pickup, and delivery. The company continues making plans to facilitate the distribution of its products to the E.U. and Asian markets.
What do the orders mean for the company?
The purchase orders forecasted aggregate revenues look outstanding, according to analysts. They project that the orders could lead the company to fetch about $10 million within the next 12 months.
Borqs seems somewhat optimistic about the mobile handheld market, projecting that it can achieve massive growth soon. The outbreak of the Covid-19 pandemic brought most businesses worldwide to their knees, and Borqs wasn’t spared either. However, the world approaches recovery considering the many vaccines that continue to be manufactured to stage an intense fight against Covid-19. It then implies that the handheld market might witness significant and steady growth soon.
An analyst following the changes closely opines, “The global Handheld Rugged Mobile Computer market size is projected to reach at a considerable rate during the forecast period, between 2020 and 2026.”
Key players continue embracing working strategies, and that might spark impressive changes in the markets.