Quectel Wireless Solution Co., Ltd., headquartered in Shanghai is a globally operating company, founded in the year 2010. Industry-known managers lead the international business of Quectel. Quectel is a leading supplier of modules with its main focus on GNSS and cellular modules. It has successfully expanded its product coverage, making Quectel the broadest product portfolio in the industry.
With 22,300,000 shares as the initial public offering of Quentel, the company has been listed on the Shanghai stock exchange. The listing of the company marks a major milestone in the journey of Quectel towards “building a smarter world.” Patric Qian, the Chairman, and CEO of Quectel, Doron Zhang, the Board member and SVP of Quenctel, Wang Hongwei, the Deputy Governor, Shanghai’s Xuhui District, and Norbert Muhrer, SVP of Global Sales, Quectel, joined hands to ring the opening bell at the Shanghai Stock Exchange.
The company will utilize the IPO proceeds is expanding its product portfolio of 5G, LPWA, and high-speed LTE. The company also looks forward to building strong technical support and R&D centers with the IPO proceeds. Optimizing these areas will help the company in enhancing its competitive position. It will enable Quectel in acquiring stable and continuous growth.
Patric Qian, the chairman, and CEO of Quectel says that going public will help in bringing better opportunities for the company that will allow it to enhance its core competitiveness and march towards the global expansion more quickly.
The products have made IoT connections possible for more than 5,000 customers present at more than 150 regions and countries. The products offered by Quectel has enabled smart city, smart energy, wireless payments, wireless gateway, better healthcare, transportation, and much more.
Quectel aims to become the greatest module supplier across the globe. With the best products and services, it will work towards providing better values to the customers, employees as well as the shareholders.
** This post was published on https://iotbusinessnews.com
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