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Quanergy Achieves IATF 16949 Automotive Production Certification

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LiDAR manufacturer reaches significant milestone for automotive solid
state sensor production

Quanergy Systems, Inc., a global leader in the design and development of
solid state LiDAR sensors and smart sensing solutions, today announced
that the production line for its solid state LiDAR sensors has achieved
IATF 16949 certification.

The International Automotive Task Force (IATF) 16949 is a certification
that denotes requirements for a quality management system for
organizations within the automotive industry. To qualify and meet
certification requirements, Quanergy's solid state LiDAR production line
underwent a thorough quantitative assessment, which consists of 113
tasks within 5 stages that are based on stringent automotive
requirements and data obtained through Statistical Process Control (SPC)
and Measurement System Analysis (MSA).

The qualification criteria to meet this certification requirement are
critical steps towards Quanergy's goal to bring automotive-grade solid
state LiDAR sensors to market. Automotive-grade LiDAR sensors are built
using rigorous production processes, which must pass tests that
significantly reduce the failure rate of the sensors. While the
certification process takes 24 months on average, as a result of
Quanergy's automated facilities, the company was able to gain
qualification of this certification in 18 months.

"This latest certification of our production line is a monumental
milestone for Quanergy and for the entire LiDAR community," said Dr.
Louay Eldada, CEO of Quanergy. "As automotive and technology companies
converge towards a driverless future, the ability to produce
automotive-grade solid state LiDAR sensors will be vital. As a result of
our team's hard work and commitment to achieving this certification,
Quanergy is leading the way towards this reality."

Quanergy's vice president of quality and reliability, Bruce Shibuya, led
Quanergy's various departments and teams to meet this quality standard
and achieve qualification of the IATF 16949 certification. Using
advanced product quality planning (APQP), Shibuya coordinated internal
teams across engineering, production, manufacturing and quality to run
reliability tests on all components and completed assemblies as well as
qualify the products to meet a strict set of requirements (e.g., thermal
cycling, mechanical shock, electrical stress). An industry veteran,
Shibuya has established high standards for product quality and
reliability as the head of quality departments at companies including
Toyota/Lexus, Hyundai/Kia, Nvidia and Jabil.

"IATF 16949 certification opens many doors for Quanergy, which is why
our team poured so much effort into earning this distinction," said
Bruce Shibuya, Vice President of Quality and Reliability at Quanergy.
"Going through this extremely rigorous process validated our
understanding that Quanergy's products are superior in terms of quality
and reliability in all business segments that we are engaged in."

This qualification of the certification follows the announcement earlier
this month that Quanergy obtained another critical quality
certification, ISO 9001:2015. As a result of these certifications,
Quanergy will now begin mass production of its S3 solid state sensor on
its newly certified line.

About Quanergy Systems, Inc.

Quanergy Systems was founded in 2012 and builds on decades of experience
of its team in the areas of optics, photonics, optoelectronics,
robotics, artificial intelligence, machine learning and controls.
Headquartered in Sunnyvale, California, in the heart of Silicon Valley,
Quanergy offers the world's leading LiDAR sensors and software for the
capture and processing of 3D spatial data, and object detection,
tracking and classification. Its sensing systems improve safety,
efficiency and costs in sectors ranging from transportation and security
to industrial automation and 3D terrestrial and aerial mapping. In
transportation, the data is utilized in real time to greatly improve the
accuracy and reliability of on-board driver safety systems and enhance
them with perception, scenario analysis, and decision making capability
for cost-effective and robust advanced driver assistance systems (ADAS)
and autonomous vehicle (AV) solutions. Quanergy's LiDAR leads in all key
commercialization areas – price, performance, reliability, size, weight,
power efficiency. For more information, visit www.quanergy.com.

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