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Quectel Communications' latest announcement: ITC's preliminary judgment of the company's products does not involve infringement of Philips patent rights

According to the preliminary ruling of the Administrative Judge of the U.S. International Trade Commission (ITC), the company's products do not involve infringement of Philips' patent rights, do not violate the provisions of section 337 of the U.S. Tariff Act of 1930, and the general exclusion order, limited exclusion order and injunction request applied by Philips company have not been approved by the ITC, and the company's products can still be exported to the United States normally. The 337 investigation did not have a substantial impact on the company's production and operation.

Quectel Communications' latest announcement: ITC's preliminary judgment of the company's products does not involve infringement of Philips patent rights

Quection Communications main business: engaged in the design, development and sales of cellular communication modules and their solutions in the field of Internet of Things. The company is a professional developer of Internet of Things (IoT) technology and a supplier of cellular communication modules. The company has leading GSM/GPRS, WCDMA/HSPA, LTE, NB-IoT module and other product solutions in the Internet of Things industry and rich industry experience, providing one-stop service for IoT cellular communication module solutions.

The chairman of the company is Qian Penghe. Mr. Qian Penghe: Born in October 1972, Chinese nationality, with overseas permanent residency, master's degree, engineer, successively served as deputy manager of the production department of Zhejiang Huaneng Communication Development Company, project manager of Hangzhou UTStarcom Co., Ltd., test engineer of Hangzhou Motorola Mobile Phone Co., Ltd., test engineer of Shanghai Bel Alcatel Mobile Communication System Co., Ltd., project manager of ZTE Shanghai Mobile Phone Division, deputy general manager of R&D of Business Department of Simton Information Technology (Shanghai) Co., Ltd., Shanghai Mobile is the general manager of Communication Technology Co., Ltd. From October 2010 to September 2015, he served as the executive director of Shanghai Quectel Communication Technology Co., Ltd.; Since September 2015, he has served as the chairman, general manager, chief executive officer and legal representative of the company.

The top ten funds of Heavy Position Shift Communications are shown in the following table:

Quectel Communications' latest announcement: ITC's preliminary judgment of the company's products does not involve infringement of Philips patent rights

The above content is compiled by Securities Star based on public information, if you have any questions, please contact us.

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