Quanergy Chosen by Audio Technology to Protect Military Base

Quanergy Chosen by Audio Technology to Protect Military Base

  • Technology
  • May 25, 2022
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  • 7 minutes read


SUNNYVALE, California, May 25, 2022– (BUSINESS WIRE) – Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy”), a leading provider of LiDAR sensors and 3D smart solutions, announced today that Audio Technology has selected Quanergy to offer detection of perimeter intrusions to reduce false alarms, provide real-time tracking and classification, working under any lighting conditions.

This press release includes multimedia. See the full release here: https://www.businesswire.com/news/home/20220525005333/en/

Quanergy chosen by Audio Technology to protect military base (graphic: Business Wire)

Quanergy provides perimeter security to a critical military site in Egypt. The infrastructure facility uses Quanergy M-Series sensors and its powerful QORTEX DTC ™ perception software, which allow accurate tracking of people in complex environments. Quanergy’s solution integrates a leading video management system (VMS) technology combined with Hanwha PTZ cameras to cover 7.7 km of enclosure. The solution allows you to automatically track and divide alarms into certain areas with much higher accuracy and longer distances than can only be achieved with cameras.

“We want to provide the highest level of protection for critical infrastructure facilities,” said Emad Adly, President of Audio Technology. “Quanergy is providing a LiDAR 3D-based perimeter intrusion detection (PIDS) system to protect critical infrastructure. They are providing it to a military facility and are reducing false alarms. Quanergy technology provides real-time tracking and unparalleled accuracy in tracking “potential threats”.

“Quanergy’s LiDAR 3D-based perimeter intrusion detection suite is being rolled out worldwide to ensure secure access to the building, reliable protection of key campuses and the safety of people,” he said. dir Enzo Signore, marketing director of Quanergy Systems. “Critical infrastructures such as data centers, energy companies and government organizations are looking to increase their existing camera-based security systems with powerful LiDAR 3D solutions to improve the security of their assets while reducing costly false alarms.”

For more information, visit www.quanergy.com.

About Quanergy Systems, Inc.

Quanergy’s mission (NYSE: QNGY and QNGY.WS) is to create powerful and affordable smart LiDAR solutions for automotive and IoT applications to enhance people’s experiences and security. Quanergy has developed the only 100% real solid state LiDAR CMOS sensor built with in-phase optical matrix (OPA) technology to enable the mass production of low-cost, highly reliable LiDAR 3D solutions. Through Quanergy’s intelligent LiDAR solutions, companies can now leverage advanced real-time 3D knowledge to transform their operations into a variety of industries, such as industrial automation, physical security, and smart cities. smart, smart spaces and more. Quanergy solutions are implemented by nearly 400 customers worldwide. For more information, visit us at www.quanergy.com.

Prospective statements

This press release includes certain statements that are not historical facts, but are forward-looking statements for the purposes of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Prospective statements are usually accompanied by words such as “believe,” “can”, “love”, “continue”, “anticipate”, “try”, “expect”, “should”, “could”, “plan”, “predict”, “potential” “look”, “look for”, “future”, “perspective”, “project”, “likely to result” and similar expressions that predict or indicate future events or trends or are not statements of historical affairs. All statements, except for current or historical facts included in this press release, are forward-looking statements, including statements about the unmatched accuracy of our technology and the deployment of our products worldwide. These forward-looking statements imply significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are out of Quanergy’s control and are difficult to predict. Factors that may cause these differences include, but are not limited to, changes in domestic and foreign trade, market, financial, political, and legal conditions; the global level of consumer demand for Quanergy products; general economic conditions and other factors that affect consumer confidence, preferences, and behavior; disruption and volatility in global foreign exchange, capital and credit markets; the ability to hold the listing of Quanergy stocks on the New York Stock Exchange; the financial strength of Quanergy customers; Quanergy’s ability to implement its business strategy; changes in government regulation, Quanergy’s exposure to litigation claims, and other loss contingencies; disruptions and other impacts on Quanergy’s business as a result of the global COVID-19 pandemic and government actions and restrictive measures implemented in response; the stability of Quanergy suppliers’ supply chain disruptions, as well as consumer demand for their products, in light of disease epidemics and health concerns such as the global COVID-19 pandemic; the impact that global climate change trends can have on Quanergy and its suppliers and customers; Quanergy’s ability to protect patents, trademarks and other intellectual property rights; any breach or interruption of Quanergy’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products, as well as fluctuations in foreign currency; Quanergy’s ability to use potential net operating losses transferred; changes in tax laws and obligations, tariffs, legal, regulatory, political and economic risks; and other risks and uncertainties indicated in Quanergy’s submissions to the U.S. Securities and Exchange Commission. In addition, forward-looking statements reflect Quanergy’s expectations, plans or forecasts for future events and opinions only as of the date of this press release. Quanergy anticipates that subsequent events and developments will change its valuations. However, while Quanergy may choose to update these forward-looking statements at some point in the future, Quanergy specifically disclaims any obligation to do so, except as required by law.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220525005333/en/

Contacts

Contact with the media
Shannon Van Every
Media@Quanergy.com

Investors:
QuanergyIR@ICRinc.com



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