VANCOUVER, British Columbia 
(BUSINESS WIRE) -- 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’s shares.

“We 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’s 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,” said Norbert Muhrer, President and Chief Sales Officer, Quectel Wireless Solutions.

He added: “Select Committee leaders also misleadingly state in a press release and on X (Twitter) that they are asking federal ... Read more »