Quanergy LiDAR Solutions to Accelerate the Adoption of Automation in the Material Handling Market
March 17 2022 - 6:00AM
Business Wire
- New M1 Edge™ offers 3x
price/performance advantage vs. incumbent solutions for advanced
navigation applications
- Quanergy to showcase its
broad portfolio of high-performance LiDAR solutions at Modex22,
Booth B4732
- Targeted applications include
AGV and AMR navigation, ASRS anti-collision, Tag-Free Asset
Tracking™, and box/pallet dimensioning
Quanergy Systems,
Inc., (NYSE: QNGY) a
leading provider of LiDAR sensors and smart 3D solutions, will
showcase its high performance industrial LiDAR sensor solutions and
technologies at Modex22 in Atlanta, Georgia on March 28-31,
2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220317005425/en/
Quanergy LiDAR Solutions to Accelerate
the Adoption of Automation in the Material Handling Market
(Graphic: Business Wire)
Quanergy’s industrial IoT portfolio includes a new version of M1
Edge™, as well as M8 Prime™, MQ-8™ and QORTEX DTC™.
Specifically, visitors will be able to see:
- M1 Edge, a LiDAR sensor with integrated edge computing
running the QORTEX Aware™ software for zone detection and collision
avoidance, along with digital I/Ofor stand-alone operations. M1
Edge offers superior range and accuracy to allow for smarter
navigation both indoors and outdoors utilizing natural features
and/or retro reflective tags.
- M8 Prime, a
performance leading 3D LiDAR sensor, ideal for anti-collision and
volumetric mapping and profiling applications, featuring best in
class range and accuracy
- Tag-free Asset Tracking™ solution, capable of tracking hundreds of moving people
and assets in real time
- Q-Measure™, real-time
dimensioning of boxes and pallets
“The adoption of robots in the
material handling markets will further accelerate as LiDAR sensors
continue to increase productivity and optimize processes,” said
Tony Rigoni, Director of Industrial Markets at Quanergy. “We offer
disruptive solutions by pairing high-performance industrial LiDAR
sensors with measurement and perception software that enable an
easy integration and rapid adoption of AGVs and AMRs.”
Come visit us at our booth #B4732 to see how our
industrial sensor solutions can transform your automation
challenges. To secure a meeting with our Industrial Team, please
contact us at sales@quanergy.com.
For more information about our logistic & material handling
solutions, visit our industrial application page.
About Quanergy Systems, Inc.
Quanergy’s (NYSE: QNGY and QNGY.WS) 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 our plans to unveil new products,
the adoption of robots in the material handling markets, the
ability of LiDAR sensors to increase productivity and optimize
processes, and the rapid adoption of AGVs and AMRs. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220317005425/en/
Media Contact Neal Stein Media@quanergy.com
Investors: QuanergyIR@ICRinc.com
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