Emerging Technology Company Borqs Ranks in Deloitte Technology Fast 50 China Top Ten for Second Consecutive Year

BEIJING, Sept. 21, 2012 /PRNewswire/ -- Borqs Hong Kong Limited (Borqs), a leading global end-to-end Android+ and cloud software solutions provider, has announced that based on its cumulative growth rate of 1758.4%, it has been awarded 7th place at the 2012 Deloitte Technology Fast 50 China Awards Ceremony held in Beijing on September 20. Following a ninth-place award in 2011, this is the second time that Borqs has made it to the top ten. The Deloitte Technology Fast 50, first held in Silicon Valley in 1995, has expanded to numerous countries and regions and is widely acclaimed for its independent voting and objective assessment criteria. The program is now considered a benchmark measurement for fast-growing technology firms worldwide.

Mr. Pat Chan, CEO and President of Borqs, said: "We are honored to have been once more selected for the Deloitte Technology Fast 50 China. We would like to thank Deloitte China and their professional evaluation team for their recognition of Borqs' performance over the past few years. Since its founding in 2007, Borqs has continually increased its strength in the mobile internet field, providing a wide variety of customized solutions to telecoms operators, smart terminal manufacturers and chip manufacturers around the world. In the future, we will follow through on our commitments to our global clients – providing innovative solutions based on leading-edge technology that allow for stable and versatile back-end infrastructure coupled with rich and enjoyable user experiences. We are looking to exceed our clients' expectations while helping to stimulate the development of the industry as a whole."

Mr William Chou, Project Leader for the Deloitte Technology Fast 50 China said: "The Deloitte Technology Fast 50 China has entered its eighth year. We have always been committed to building a platform for exchange between rapidly growing companies and providing them with an opportunity to meet potential investors and access funding for their future development."

The Deloitte Technology Fast 50 China has been held successfully seven times. The program consistently adheres to the principles of objectivity, impartiality and authoritativeness and aims to select and recognize strong performers in the emerging Chinese high-tech industry. Many Chinese enterprises who have received this honor over the past seven years have gone on to attract attention worldwide, including Tencent, Baidu, Alibaba and NetEase, to name but a few. Preliminary selection for this year's Deloitte Technology Fast 50 China began on June 12. Companies with excellent results were invited to take part in the selection and ranking process. The companies, headquartered in Hong Kong or Mainland China, are ranked according to their average growth rate from the past three consecutive years. The companies selected for the Deloitte Technology Fast 50 China cover fields including biotechnology/pharmaceuticals, application equipment, communications/networks, software, medical devices, clean technology/new energy, semiconductors, new media, computers/peripherals, e-commerce, internet and education. To be selected for the Deloitte Technology Fast 50 China, companies must meet the following criteria:

• Must have been in business for a minimum of three years
• Must be high-tech company headquartered in Mainland China or Hong Kong
• Must have a revenue of at leas 2 million RMB in the first of the three years being analyzed.

For more information about the Deloitte Technology Fast 50 China, please visit:
http://www.deloittetmt.com/TF502012/introduction.php

About the Deloitte Technology Fast 50 China

The Deloitte Technology Fast 50 (TF50) started in 1995 in America's Silicon Valley. The program quickly extended to countries and cities across Europe, Asia, the Middle East and Africa. The Deloitte Technology Fast 50 China program was launched in 2005 and has been successfully held seven times. The program is built on the principles of objectivity, impartiality and authoritativeness. It aims to select and recognize the strong performers of the Chinese emerging high-tech industry. Today, the Deloitte Technology Fast 50 program is known as "the global benchmark for emerging high-tech companies." Nominate companies in the Deloitte Technology Fast 50 China program automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific program.

About Borqs

Borqs Hong Kong Limited is a wholly-owned subsidiary of Borqs International Holding Corp, which, established in September 2007 and 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