Market Overview

Quanergy Announces Availability of New Solid State LiDAR Sensor

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All-in-one sensor is first on the market to feature embedded
perception software

Quanergy Systems, Inc., the global leader in the design and development
of solid state LiDAR sensors and smart sensing solutions, today
announced the availability of its S3-2 solid state LiDAR sensor. The
innovative sensor features Quanergy's proprietary QORTEX™ object
profiling software directly embedded within the sensor, resulting in the
industry's first all-in-one sensing solution.

The solid state sensor, coupled with QORTEX object profiling software,
is tailored for applications that require people counting and analytics,
queue management and access control. In the physical access and security
sector, the solution ensures only authorized personel enter secure areas
with 99% accuracy as people enter an area with a security badge. In
smart buildings, the output of the sensor is used to determine room,
floor and building occupancy to optimize building energy management. The
solution also is used in retail settings to provide key customer
real-time analytics while maintaining customer privacy.

Quanergy views solid state LiDAR technology as essential to the future
of smart sensing and perception. The S3-2's lack of moving or vibrating
parts enables it to perform with the highest level of reliability,
longevity, and cost efficiency while requiring less power. The
unprecedented decision to embed QORTEX object profiling software
directly within the sensor is a critical step forward in integrating
LiDAR hardware and software. The embedded QORTEX software utilizes point
cloud data from the solid state sensor along with machine learning and
3D perception algorithms to identify and distinguish between people and
objects, as they are detected, and provide physical charactertistics.

"The all-in-one nature of the S3-2 sensor is an unrivaled development
for the entire LiDAR industry," said Dr. Louay Eldada, CEO of Quanergy.
"By embedding our highly tailored QORTEX software within our world-class
solid state LiDAR sensor, Quanergy is delivering an unmatched solution
to our customers across industries and applications."

Orion Entrance Controls, a Quanergy preferred S3 vendor for the security
sector, is one company already applying the S3-2 in a real-world
setting, using the sensing solution as the core component of its
cutting-edge DoorGuard™ security system. This unique entrance control
system enhances security and monitoring at any doorway within a building
where access is a security concern. The DoorGuard security system can
detect people trying to enter a building by tailgating or piggybacking
and can set off warnings if a door is open for too long or has been
propped open. In emergency situations, DoorGuard can accurately count
the number of authorized individuals who pass through, enabling first
responders to know if people are in buildings.

"Orion's mission is to provide our customers with the world's most
reliable and cost-effective security solutions, and Quanergy's S3-2
sensor plays a vital role in our ability to do that," said Stephen
Caroselli, CEO of Orion. "High performing security systems require
extremely accurate data and intelligent technology, and the S3-2 stands
far ahead of the competition in both regards."

Quanergy and Orion will be co-exhibiting at ISC East, the Northeast's
largest security industry event taking place in New York City November
14-15, 2018, in booth #210. Demos of Quanergy's LiDAR security solution
and the DoorGuard security system will be available. For more
information on the DoorGuard system go to https://bit.ly/2wxPQNx.

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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