Borqs among AlwaysOn Global Top 250 Private Companies for Second Year

CUPERTINO, Calif., July 25, 2012 /PRNewswire-Asia/ -- Borqs International Holding Corp (Borqs), a leading global end-to-end Android+ and cloud software solutions provider, was selected as one of the AlwaysOn Global 250 Top Private Companies at the "Silicon Valley Innovation Summit 2012" held on July 23 at the Computer History Museum. This is the second year running that Borqs has received this distinction. The AlwaysOn Global 250 Top Private Companies are awarded each year by global mainstream business media firm AlwaysOn. The award is presented to 250 emerging technology firms from around the world that are driving development trends. Thousands of companies are nominated by investors, bankers, journalists and industry veterans. Borqs' second consecutive year on the list speaks to the firm's strong and consistent market growth.

Mr. Pat Chan, CEO and President of Borqs, responded to news of the reward: "It is an honor to be selected for the AlwaysOn Global 250 and be chosen as among the world's leading technology companies. It demonstrates that Borqs' strength has been recognized by its partners and industry peers. Since its foundation in 2007, Borqs has developed a high degree of expertise in the mobile internet field and accumulated a wealth of experience in providing smart terminal services and solutions for our customers. In the future, we will continue our efforts in the global mobile internet market, upholding our long-term commitments to our customers around the world and leveraging the capabilities of our talented team in order to provide ever-more advanced technologies and richer user experiences. Not only will we continue to work tirelessly to exceed our clients' expectations, but we hope to help promote the development of the industry as a whole."

For this year's selection, the AlwaysOn editorial team joined up with partners at well-known enterprises including Morgan Stanley, IBM, KPMG, Silicon Valley Bank and SingTel Group. After a rigorous three-month selection process based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz, Borqs was unanimously selected by AlwaysOn and the panel of industry experts. Borqs' work is centered around providing customizable integrated Android software platforms and end-to-end service platform solutions for mobile network operators, terminal OEMs and chip manufacturers worldwide. Borqs has maintained strong growth for several years, successfully providing software and hardware solutions for well-known international companies such as SingTel Group, NEC, Intel and China Mobile. Borqs helps its clients stay on the cutting edge of the rapidly-developing mobile internet industry. Being included in the AlwaysOn Global 250 is a confirmation of Borqs' successful market development strategy and industry leadership.

The AlwaysOn Global 250 was launched in 2003 and has since been held 10 times in conjunction with the Innovation Summit, which aims to find the most promising entrepreneurial opportunities and investments in the global technology industry. The Innovation Summit is also an executive gathering that highlights the significant economic, political, and commercial trends affecting global technology industries. Several major trends were reflected in this year's AlwaysOn Global 250 ranking, covering all aspects of the global network: the rapid development of the mobile internet; the convergence of smart terminals; the increasing focus on cloud computing and the globalization and socialization of business.

For more details about the 2012 AlwaysOn Global 250 ranking, please visit:

http://alwayson.goingon.com/AOStory/Announcing-2012-AlwaysOn-Global-250-Top-Private-Companies

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic / IMPACT 2011, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

About Borqs

Borqs International Holding Corp., established in September 2007, is a technology company dedicated to providing customizable, integrated Android software platform solutions and end-to-end service platform solutions for mobile operators, terminal OEMs, and chip manufacturers worldwide. Headquartered in Beijing, Borqs also has offices and research and development facilities in Cupertino, Bangalore, Wuhan and Shenzhen. Primary investors in Borqs are Keytone Ventures, GSR Ventures, Tsinghua Venture Capital, Norwest Venture Partners, SK Telecom Ventures and Intel Capital Corporation. Borqs is now an active member of Google/OHA (the Open Handset Alliance) and the TD Industry Alliance.

Supported by leading venture capital and world-class strategic partners, Borqs meets the demands of its global customer base with platforms and services made possible by Borqs' technological innovation, leading-edge product development, and complete customer service system. In the 2011 "Deloitte Technology Fast 500 Asia Pacific" awards, Borqs was ranked 9th in China and 39th in the Asia Pacific region according to revenue growth over the last 3 years.

SOURCE Borqs International Holding Corp