Quanergy 3D LiDAR provides superior accuracy to automate heavy machinery, reducing risk of accidents.
Integrated 3D LiDAR solution increases operation efficiency by 50% and decreases labor costs by 60%.
Provides reliable performance in any ambient conditions, including high levels of vibration.
SUNNYVALE, Calif., October 21, 2021--(BUSINESS WIRE)--Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced its latest achievement in industrial automation with the deployment of its 3D LiDAR solutions for heavy machinery operation in China. Collaborating with Hunan Qiaokang Bridge Health Intelligent Technology and Liuzhou Bierte Industrial Intelligent Technology, the solution provides highly accurate 3D modeling of bulk material piles to enable safe, efficient operation of heavy machinery.
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Liuzhou Steel Group Automates Bulk Material Handling with 3D LiDAR Solution from Quanergy (Graphic: Business Wire)
Deployed at the Liuzhou Steel Group in Liuzhou City, Guangxi Province, China, Quanergy’s M-Series LiDAR sensors provide accurate, real-time 3D modeling of bulk material piles to guide and position a heavy bulk wheel piling and reclaiming machine. Formerly operated manually, the heavy machine can now function safely and efficiently by computer and without human intervention.
"When machines are operated manually, accuracy and efficiency depend on the experience of the operator. Operators can also become fatigued, creating a potential safety risk," said Mr. Wan Zhi, President at Hunan Qiaokang Bridge Health Intelligent Technology at Liuzhou Steel Group, "Quanergy’s M-Series LiDAR has helped us standardize the operation of the machine, increasing the safety, efficiency, and accuracy of our bulk material handling processes. Our operation efficiency has improved by 50% and our labor costs have decreased by 60% after deploying the Quanergy solution."
In addition to superior accuracy and high resolution, M-Series provides reliable performance in a wide range of operating conditions. For example, M-Series does not require ambient light and offers a longer detection range, even for very dark objects like coal.
M-Series also features a fast scan frequency, ideal for use in mobile applications that experience high vibrations. The sensor provides a long detection range, up to 200 meters, providing 3D modeling for very large sites with just a few sensors. Furthermore, M-Series is small and lightweight, making it easy to mount and install.
"The installation at Liuzhou Steel Group is a great example of how LiDAR makes a measurable and significant impact on a port’s bottom line," said Enzo Signore, CMO at Quanergy, "It also demonstrates just one example of how our LiDARs are playing a key role in driving industrial automation forward."
To learn more about our Liuzhou Steel Group Case study, Visit wwwquanergy.com/applications/industrial/
In June, Quanergy entered into a definitive merger agreement with CITIC Capital Acquisition Corp. (NYSE: CCAC) ("CCAC"). Upon closing of the transaction, the combined company will be named Quanergy Systems, Inc. and is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol "QNGY." The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.
About Quanergy Systems, Inc.
Quanergy Systems’ 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 over 350 customers across the globe. For more information, please visit us at www.quanergy.com.
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In connection with the proposed transaction (the "Business Combination"), CCAC filed with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (as amended, the "Registration Statement") (File No. 333-257962), which includes the preliminary proxy statement/prospectus of CCAC. CCAC’s stockholders and other interested persons are advised to read the Registration Statement and the preliminary proxy statement/prospectus which forms a part of the Registration Statement, as well as any amendments previously filed and to be filed, and the effective Registration Statement and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the Business Combination when available, as these materials will contain important information about the parties to the Merger Agreement. After the registration statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of CCAC as of the record date established for voting on the proposed business combination and will contain important information about the proposed business combination and related matters. Shareholders of CCAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) and any other relevant documents in connection with CCAC’s solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination because they will contain important information about CCAC, Quanergy and the proposed business combination. Shareholders of CCAC and other interested persons are advised to read these materials (including any amendments or supplements thereto) and any other relevant documents in connection with CCAC’s solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination because they contain important information about CCAC, Quanergy and the proposed business combination. Shareholders can also obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other relevant materials in connection with the transaction without charge at the SEC’s website at www.sec.gov or by directing a request to: CITIC Capital Acquisition Corp., 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, Attention: Fanglu Wang, telephone: +852 3710 6888. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
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