{"id":272150,"date":"2024-01-06T06:00:15","date_gmt":"2024-01-06T06:00:15","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=272150"},"modified":"2024-01-06T07:07:19","modified_gmt":"2024-01-06T07:07:19","slug":"quectel-responds-to-the-request-by-the-house-select-committee-on-china-to-consider-barring-u-s-investments-in-the-company","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2024\/01\/quectel-responds-to-the-request-by-the-house-select-committee-on-china-to-consider-barring-u-s-investments-in-the-company\/","title":{"rendered":"Quectel Responds to the Request by the House Select Committee on China to Consider Barring U.S. Investments in the Company"},"content":{"rendered":"

Business Wire India<\/b><\/p>\n

Quectel Wireless Solutions, a global IoT solutions provider, issued the below statement in response to the recent request made to the Biden administration by the Select Committee on China of the U.S. House of Representatives to consider barring U.S. investments in the company\u2019s shares.<\/p>\n

\u201cWe are disappointed to see continued and false allegations from the Select Committee on China about Quectel and its supposed cooperation with the Chinese Communist Party (CCP) and the People\u2019s Liberation Army (PLA). Quectel is not owned, controlled or directed by the CCP or the PLA. We are an independent company publicly traded on the Shanghai stock exchange that operates internationally,\u201d said Norbert Muhrer, President and Chief Sales Officer, Quectel Wireless Solutions.<\/p>\n

He added: \u201cSelect Committee leaders also misleadingly state in a press release and on X (Twitter) that they are asking federal departments to \u201cblacklist\u201d Quectel. In fact, even if Quectel were placed on the lists the Select Committee suggested \u2013 which has no basis \u2013 the only impact would be to block U.S. investments in Quectel securities. Quectel would not be barred from selling any of its products, in other words would not be blacklisted. The committee\u2019s misuse of the term is causing needless irritations with customers we are serving well.<\/p>\n

\u201cQuectel maintains the highest industry standards of security and data privacy. Our products, which are designed only for civil and commercial use cases, exceed industry standards and best practices in multiple security and compliance measures. We comply with all U.S. and international export control and sanctions laws. We do not sell to any person or entity in Russia, Belarus, Cuba, Iran, North Korea, Syria or Crimea, nor do we sell to military manufacturers anywhere. We require our distributors and resellers to abide by the same restrictions. Moreover, Quectel\u2019s compliance approach \u2013 reflected in strict and auditable policies and technical measures \u2013 goes above and beyond industry best practice and other module vendors\u2019 practices.\u201d<\/p>\n

\u201cWe look forward to talking to U.S. government officials to correct the errors and misunderstandings in the Select Committee letter and to demonstrate that our activities are in full compliance with U.S. laws and regulations,\u201d Mr. Muhrer continued.<\/p>\n

Quectel is committed to delivering high-quality, best-in-class, secure modules and to exceeding industry standard practices regarding cyber security. Quectel retained Finite State to perform independent audits and penetration tests of Quectel\u2019s modules in July 2023<\/a>. In September, Quectel shared<\/a> results showing that its products substantially exceed industry standards and best practices in multiple security measures.<\/p>\n

\u201cIn addition to penetration testing of our key modules, we share the Software Bill of Materials (SBOM) and Vulnerability Exploitability Exchange (VEX) documents for our modules \u2013 an industry-first among IoT module manufacturers. Quectel\u2019s modules have earned certifications from more than 80 leading operators worldwide, and we have achieved more than 200 FCC certifications in the last two years alone. Our modules meet the stringent standards of regulatory and conformance bodies such as CE, FCC, GCF, PCS, PTCRB, Bluetooth\u00ae SIG, and the Wi-Fi Alliance,\u201d Mr. Muhrer said.<\/p>\n

Quectel is committed to upholding the highest standards of security, privacy, and compliance within the IoT industry and to actively collaborating with global partners to foster a safer, smarter, and more connected future.<\/p>\n

About Quectel<\/strong><\/p>\n

Quectel\u2019s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global IoT solutions provider backed by outstanding support and services. Our growing global team of 5,900 professionals sets the pace for innovation in cellular<\/a>, GNSS<\/a>, Wi-Fi and Bluetooth<\/a> modules as well as antennas<\/a> and services.<\/p>\n

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.<\/p>\n

For more information, please visit: www.quectel.com<\/a>, LinkedIn<\/a>, Facebook<\/a>, and X<\/a>.<\/p>\n

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View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20240105896179\/en\/<\/a><\/p>\n

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