Quanergy Ushers in New Era of 3D LiDAR Solutions to Achieve Projected 300% YoY Growth
May 07 2024 - 11:30AM
Quanergy Solutions, Inc., continues to gain momentum since
reformulating its business operations to focus exclusively on
physical security and business intelligence applications.
Quanergy’s groundbreaking 3D LiDAR (Light Detection and Ranging)
solutions provide users with real-time data to detect potential
threats and abnormalities for immediate remediation with
unparalleled levels of precision and range in virtually any
environment or operating conditions.
Quanergy has recently announced
new-generation sensors to track people and vehicles
across every zone of protection from the perimeter to close
interior locations, dramatically increasing security and
operational efficiency. The new expanded portfolio will further
accelerate Quanergy’s growth in existing and new markets, which is
forecast to exceed 3 million sensors representing approximately $6
billion USD in revenue by 2030 according to an independent study
conducted by ABI Research. Quanergy projects year-over-year growth
of approximately 300% in fiscal 2024 supported by the expansion of
the company’s new product offering, and sales and marketing
operations across the U.S. and in select regions in the EU and
APAC.
“Public and private organizations alike need to urgently address
increasingly sophisticated threats while improving their
operational and capital efficiency,” said Enzo Signore, CEO,
Quanergy. “Quanergy 3D LiDAR solutions are driving the next
generation of physical security solutions with 20 times higher
accuracy at less than half the cost of legacy technologies.”
An increased market demand for cost-efficient and accurate
Perimeter Intrusion Detection (PID) solutions continues to drive
high interest in Quanergy 3D LiDAR solutions. This applies not only
for specialized critical infrastructure applications such as energy
and water utilities, datacenters, airports and various government
installations, but also for mainstream physical security and
business intelligence applications at corporate enterprises,
warehousing and logistics operations, and so much more.
A recent deployment of Quanergy 3D LiDAR is at San Jose Water
for Enterprise Security Risk Management (ESRM), initially for
automated Perimeter Intrusion Detection and to generate data for
future business intelligence applications. Quanergy also recently
entered a partnership with Convergint, a global leader in
service-based systems integration to design, engineer and implement
physical security solutions that provide early detection with hyper
accuracy and faster response times.
“Quanergy’s solutions have been chosen by some of the largest
datacenters, utilities and distribution centers in the world, and
we are committed to helping customers around the globe benefit from
the power of 3D LiDAR,” continued Signore.
For more information on Quanergy Solutions, please
visit www.quanergy.com
About Quanergy Quanergy is redefining physical
security with real-time 3-D LiDAR solutions. Based in Silicon
Valley, Quanergy’s revolutionary Security as a Service delivers
intelligent proactive awareness for highly dynamic environments
like critical infrastructure, smart cities, smart spaces, and
industrial automation. Quanergy’s mission is to ensure you see
beyond current sensing limitations and experience the power of 3-D
security designed for a 3-D world. For more information, please
visit us at www.quanergy.com.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/be6604b9-15c6-4f5b-911a-6ce9484f436a
EDITORIAL CONTACT
Emily Milne
LRG Marketing Communications
(845) 358-1801
emilne@lrgmarketing.com