First-ever LIDAR integration for Network Optix
Delivers Superior Accuracy
Quanergy Systems, Inc., (NYSE:QNGY) a leading provider of LiDAR
sensors and smart 3D solutions, announced today that the company is
now officially a part of Network Optix’s Works with Nx Marketplace
and is integrated with all Powered by Nx products built with Nx
Meta.
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the full release here:
https://www.businesswire.com/news/home/20220915005397/en/
Quanergy 3D LiDAR Integration with
Network Optix Product Suite Provides Advanced Business Insights
(Graphic: Business Wire)
Quanergy’s smart LiDAR solutions, consisting of the M-Series
sensors and QORTEX™ 3D perception software, combined with Nx
Witness VMS or other Powered by Nx products, give businesses the
ability to leverage real-time, advanced 3D insights to transform
their operations in a variety of industries, including physical
security, smart cities, smart spaces, industrial automation and
much more. The integration of Quanergy’s Security and Flow
Management Solutions with Works with Nx represents the first-ever
LiDAR-driven integration for Network Optix.
Customers can now seamlessly combine the advanced LIDAR
capabilities of Quanergy with the top-ranked video management
system (VMS) to create a solution that has 95% level accuracy when
detecting people and objects in sensitive environments.
By configuring HTTP events and actions in QORTEX DTC, event data
that is based on object zone detections can be configured to
generate events in Powered by Nx products, which can then be used
to create video-driven automations to optimize security and
increase efficiency of operations.
Tony Luce, vice president of product marketing, Network
Optix, said: “Organizations trying to get an accurate real-time
picture of their operational environment are often disappointed by
current market offerings. Quanergy’s 3D LiDAR technologies add an
exceptional new level of people and object detection and behavior
analysis that, when combined with Powered by Nx products, gives
companies a 360-degree understanding of what is happening in real
time in their most critical facilities, properties and locations.
It’s a game-changing solution."
Gerald Becker, vice president of markets and alliances,
Quanergy Systems, Inc., said: “When it comes to video
surveillance, no matter what the purpose, customers are looking for
greater situational awareness and higher accuracy. By combining
technologies, Quanergy and Network Optix have created an
exceptionally accurate way of detecting, tracking and viewing
people and objects as they move through sensitive or secured
environments.”
For more information, visit www.quanergy.com.
About Quanergy Systems, Inc.
Quanergy’s (NYSE: QNGY) mission is to create powerful,
affordable smart LiDAR solutions for automotive and IoT
applications to enhance people’s experiences and safety. Quanergy
has developed the only true 100% solid-state CMOS LiDAR sensor
built on optical phased array (OPA) technology to enable the mass
production of low-cost, highly reliable 3D LiDAR solutions. Through
Quanergy’s smart LiDAR solutions, businesses can now leverage
real-time, advanced 3D insights to transform their operations in a
variety of industries including industrial automation, physical
security, smart cities, smart spaces and much more. Quanergy
solutions are deployed by nearly 400 customers across the globe.
For more information, please visit us at www.quanergy.com.
Forward-Looking Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” “project,” “will likely
result” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
All statements, other than statements of present or historical fact
included in this press release, are forward-looking statements,
including statements regarding the capabilities and accuracy of our
M-Series sensors and Qortex perception software. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside Quanergy’s
control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: changes in domestic
and foreign business, market, financial, political and legal
conditions; the overall level of consumer demand for Quanergy’s
products; general economic conditions and other factors affecting
consumer confidence, preferences, and behavior; disruption and
volatility in the global currency, capital, and credit markets; the
ability to maintain the listing of Quanergy’s securities on the New
York Stock Exchange; the financial strength of Quanergy’s
customers; Quanergy’s ability to implement its business strategy;
changes in governmental regulation, Quanergy’s exposure to
litigation claims and other loss contingencies; disruptions and
other impacts to Quanergy’s business, as a result of the COVID-19
global pandemic and government actions and restrictive measures
implemented in response; stability of Quanergy’s suppliers, as well
as consumer demand for its products, in light of disease epidemics
and health-related concerns such as the COVID-19 global pandemic;
the impact that global climate change trends may have on Quanergy
and its suppliers and customers; Quanergy’s ability to protect
patents, trademarks and other intellectual property rights; any
breaches of, or interruptions in, Quanergy’s information systems;
fluctuations in the price, availability and quality of electricity
and other raw materials and contracted products as well as foreign
currency fluctuations; Quanergy’s ability to utilize potential net
operating loss carryforwards; changes in tax laws and liabilities,
tariffs, legal, regulatory, political and economic risks; and other
risks and uncertainties indicated in Quanergy’s filings with the
U.S. Securities and Exchange Commission. In addition,
forward-looking statements reflect Quanergy’s expectations, plans
or forecasts of future events and views only as of the date of this
press release. Quanergy anticipates that subsequent events and
developments will cause its assessments to change. However, while
Quanergy may elect 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.
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Media Contact Shannon Van Every media@quanergy.com Investors:
QuanergyIR@ICRinc.com
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