IoT sensor reduces cost, increases detection
accuracy for physical security and industrial uses
Quanergy Systems, Inc., (NYSE: QNGY) (“Quanergy”) a leading
provider of LiDAR sensors and smart 3D solutions, today announced
the M1 Edge PoE LiDAR sensor, building on the company’s M1 Edge™
solution. This new IoT sensor expands Quanergy’s presence in the
security Perimeter Intrusion Detection (PID) market, by providing
higher detection accuracy at a lower price than competing LiDAR
solutions. In addition, this sensor increases the number of
industrial use cases that LiDAR can address.
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Quanergy Announces World’s First 2D 360°
PoE LiDAR Sensor (Graphic: Business Wire)
Quanergy’s M1 Edge LiDAR sensors enable smart awareness for
applications that require simple object detection and alerting
capabilities. The M1 Edge PoE is ideal for any environment where
threats can come from small objects or in hard-to-reach places.
Such use cases include:
- Monitoring rooftops and indoor spaces for potential
intruders
- Increasing data rack and cabinet security at data centers by
detecting unauthorized access
- Creating a virtual fence around perimeter lines for commercial
security applications to detect anomalous behavior and potentially
dangerous objects being thrown over the fence
- Protection of critical infrastructure such as data centers,
transportation hubs, oil and gas facilities, transformer
substations and telecommunication facilities
- Perimeter Detection, Zone Protection and Anti Climb
Prevention
- Detecting objects dropped by drones near prisons or other high
security infrastructure facilities
The M1 Edge PoE’s industry-leading angular resolution allows it
to detect objects as small as a ball or even a pen, with a high
degree of accuracy up to tens of meters away from the sensor. When
coupled with Quanergy’s MQ-8™ and Qortex DTC™ products, it provides
the most complete LiDAR-based security solution in the
industry.
This new solution also expands Quanergy’s industrial use cases.
The M1 Edge PoE can automate time-consuming and error-prone
bin-picking applications and reduce accidents in Automated Storage
and Retrieval Systems (ASRS). It allows for Power over Ethernet
(PoE), simplified wiring for a lower installation cost, up to 16
evaluation fields and a higher number (up to 128) of configurable
detection zones per evaluation field. It also integrates with
QORTEX Aware™ perception software, enabling customers to create
detection zones to monitor and flag any anomalies back to the main
system.
Gerald Becker, vice president of market development and
alliances, Quanergy, said: “We’re enabling smarter awareness
for applications requiring simple object detection and alerting
capabilities. The new M1 Edge PoE features provide increased
coverage and more flexibility – and enable us to deliver new
security solutions such as security zone detection for perimeter
protection, fence line detection, and rooftop surveillance
applications.”
Tony Rigoni, director of industrial markets, Quanergy,
said: “By increasing the number of detection zones per field
from three to 128, we can enable many more applications - many of
which were previously unsolvable. The M1 Edge PoE is easy and quick
to set up, enabling customers to rapidly collect and make use of
LiDAR data.”
For more information, visit www.quanergy.com.
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 the use of our LiDAR sensors for
physical security and industrial use cases. 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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version on businesswire.com: https://www.businesswire.com/news/home/20220803005753/en/
Media Contact Shannon Van Every Media@Quanergy.com
Investors: QuanergyIR@ICRinc.com
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