Quanergy Selected by Audio Technologies to Safeguard Navy Foundation | Company

SUNNYVALE, Calif.–(Small business WIRE)–May perhaps 25, 2022–

Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy”) a top service provider of LiDAR sensors and good 3D solutions, declared now that Audio Technology has chosen Quanergy to offer perimeter intrusion detection to minimize fake alarms, present authentic-time tracking and classification, all whilst doing the job less than any lighting circumstances.

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Quanergy Picked by Audio Technological know-how to Defend Armed service Base (Graphic: Business Wire)

Quanergy gives perimeter safety to a significant navy web-site in Egypt. The infrastructure facility is employing Quanergy’s M-Sequence sensors and its powerful QORTEX DTC™ perception software package, which let exact monitoring of people today in elaborate environments. Quanergy’s solution integrates a foremost video clip management process (VMS) know-how combined with Hanwha PTZ cameras to address 7.7 km of fence. The remedy makes it possible for for computerized monitoring and dividing alarms in certain zones with a a lot bigger precision and at extended distances than achievable with cameras alone.

“We want to deliver the maximum degree of defense for important infrastructure facilities,” said Emad Adly, president, Audio Know-how. “Quanergy is furnishing a 3D LiDAR-dependent perimeter intrusion detection program (PIDS) to guard a crucial infrastructure. They are supplying this to a armed service facility and it is reducing untrue alarms. The Quanergy technology supplies true-time monitoring and unmatched precision when monitoring potential threats.”

“Quanergy’s suite of 3D LiDAR-primarily based perimeter intrusion detection remedies is currently being deployed all around the world to be certain protected setting up access, dependable defense of crucial campuses and the security of persons,” said Enzo Signore, chief marketing officer, Quanergy Techniques. “Critical infrastructures these as information facilities, strength providers, and govt companies are seeking at augmenting their present digicam-primarily based protection units with powerful 3D LiDAR solutions to increase the basic safety of their property though reducing expensive false alarms.”

For additional information and facts, stop by www.quanergy.com.

About Quanergy Systems, Inc.

Quanergy’s (NYSE: QNGY and QNGY.WS) mission is to produce effective, affordable wise LiDAR remedies for automotive and IoT apps to boost people’s encounters and security. Quanergy has made the only accurate 100% strong-point out CMOS LiDAR sensor built on optical phased array (OPA) technologies to allow the mass production of lower-charge, hugely trusted 3D LiDAR answers. By means of Quanergy’s clever LiDAR answers, businesses can now leverage true-time, innovative 3D insights to remodel their functions in a range of industries such as industrial automation, bodily safety, sensible cities, smart spaces and a great deal much more. Quanergy options are deployed by approximately 400 clients across the globe. For extra facts, make sure you go to us at www.quanergy.com.

Ahead-Seeking Statements

This press launch involves sure statements that are not historic facts but are ahead-looking statements for needs of the safe and sound harbor provisions below the United States Private Securities Litigation Reform Act of 1995. Ahead-wanting statements frequently are accompanied by words this kind of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “project,” “will probable result” and identical expressions that forecast or point out foreseeable future activities or trends or that are not statements of historical matters. All statements, other than statements of present or historic point integrated in this press launch, are forward-on the lookout statements, together with statements relating to the unmatched precision of our technological innovation and deployment of our products all-around the environment . These forward-seeking statements contain sizeable risks and uncertainties that could result in genuine outcomes to differ materially from predicted results. Most of these components are outside Quanergy’s handle and are challenging to predict. Components that may lead to these types of variances include, but are not restricted to: variations in domestic and foreign business enterprise, market, economic, political and lawful circumstances the over-all amount of purchaser need for Quanergy’s items basic economic problems and other components influencing customer self-confidence, preferences, and behavior disruption and volatility in the worldwide currency, cash, and credit markets the capacity to preserve the listing of Quanergy’s securities on the New York Inventory Trade the economic toughness of Quanergy’s customers Quanergy’s ability to carry out its small business technique variations in governmental regulation, Quanergy’s publicity to litigation statements and other reduction contingencies disruptions and other impacts to Quanergy’s small business, as a outcome of the COVID-19 world-wide pandemic and authorities actions and restrictive steps implemented in reaction security of Quanergy’s suppliers disruptions in the provide chain, as well as purchaser demand from customers for its merchandise, in light-weight of disorder epidemics and health and fitness-similar concerns these kinds of as the COVID-19 world wide pandemic the influence that world-wide weather change traits may have on Quanergy and its suppliers and customers Quanergy’s ability to secure patents, logos and other intellectual house legal rights any breaches of, or interruptions in, Quanergy’s information and facts techniques fluctuations in the selling price, availability and good quality of electrical energy and other raw elements and contracted merchandise as effectively as international forex fluctuations Quanergy’s skill to make use of possible net running reduction carryforwards adjustments in tax rules and liabilities, tariffs, legal, regulatory, political and economic challenges and other risks and uncertainties indicated in Quanergy’s filings with the U.S. Securities and Trade Fee. In addition, ahead-on the lookout statements replicate Quanergy’s anticipations, designs or forecasts of upcoming functions and views only as of the day of this press launch. Quanergy anticipates that subsequent functions and developments will result in its assessments to transform. Nonetheless, when Quanergy may possibly elect to update these forward-on the lookout statements at some position in the upcoming, Quanergy particularly disclaims any obligation to do so, other than as necessary by regulation.

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PUB: 05/25/2022 06:00 AM/DISC: 05/25/2022 06:02 AM

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