Borqs Technologies’s HHE signs contract with Lendlease’s IPC

Borqs Technologies (BRQS) announced that its subsidiary, Holu Hou Energy, has signed a contract to install HHE’s HoluPower energy storage and solar photovoltaic systems on homes at Lendlease’s (LLE) Island Palm Communities, IPC, in Honolulu, Hawaii. When completed, the project will be worth well into the nine figures in sales for HHE. Lendlease, a leading real estate and investment group that manages almost 8,000 homes for the U.S. Army on Oahu, is the purchaser of the electricity and the installations will come in the form of HHE’s EnergyCluster, where multiple residential units have their systems connected in an energy network or "cluster." "Congratulations to the team at Holu Hou Energy for securing this monumental contract with Lendlease’s Island Palm Communities. This project is enormous in size, covering thousands of homes and has proven again Holu Hou Energy’s technological leadership. We expect it to enhance the value of HHE significantly in the divestment of our interests in HHE as stipulated in our agreement with the Committee on Foreign Investment in the United States," stated Pat Chan, CEO of Borqs.