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Quanergy Extends Standard Warranty of M8 Sensor to Two Years

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Industry-first warranty represents major confidence in newly
automotive-compliant M8 sensors

Quanergy Systems Inc., a global leader in the design and development of
LiDAR sensors and smart sensing solutions, today announced that it will
offer two-year standard warranty on its best-in-class mechanical M8
LiDAR sensor sold worldwide. The new warranty highlights Quanergy's
commitment to world-class LiDAR sensors, and applies to all M8 sensor
orders placed and shipped on or after August 7, 2018.

The decision to provide customers with a standard two-year warranty,
which no other LiDAR company currently offers, is backed by extensive
testing and thorough scientific analysis performed by the Quanergy
quality team. The current version of Quanergy's M8 sensor, which was
released in February 2018, has had zero RMAs (returned merchandise),
confirming the exceptional quality of the sensor.

"Quanergy's M8 sensor has proven itself to be an industry leader across
the criteria of performance, reliability and durability," said Dr. Louay
Eldada, CEO and co-founder of Quanergy. "Our decision to offer a
standard two-year warranty on our M8 sensor is a demonstration of our
team's confidence in our product based on our certification testing and
HAST (Highly Accelerated Stress Testing), as well as our broader
commitment to ensuring a positive and seamless customer experience."

The M8 has broad application potential, ranging from transportation and
industrial automation to 3D mapping, robotics and perimeter security. In
January, Quanergy announced
the M8's use in Cisco's Connected Roadway Initiative, which aims to use
smart city technology to improve traffic flow and ensure pedestrian and
vehicle safety. Recently IP69K certified, the sensor has also passed
many stringent requirements for automotive use including ISO 16750
automotive system qualification.

For more information about the M8, visit https://quanergy.com/m8/.

About Quanergy Systems, Inc.

Quanergy Systems, Inc. was founded in 2012 and builds on decades of
experience of its team in the areas of optics, photonics,
optoelectronics, artificial intelligence software and control systems.
Headquartered in Sunnyvale, California, in the heart of Silicon Valley,
Quanergy offers smart sensing solutions. It is the leading provider of
LiDAR sensors and perception software for real-time capture and
processing of 3D spatial data and object detection, identification,
classification and tracking. Its sensors are disruptive in price,
performance, reliability, size, weight and power. Its solutions are
applicable in numerous sectors including transportation, security,
industrial automation, 3D mapping, mining, agriculture, drones,
robotics, smart spaces and 3D-aware smart devices for improved safety,
efficiency and quality of life. For more information, visit www.quanergy.com.

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