Quanergy’s 3D LiDAR Helps Waste Incineration Plant Optimize Recycling Process and Reduce Environmental Impact in China

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SUNNYVALE, Calif. — Quanergy Systems, Inc., a number one supplier of OPA-based stable state LiDAR sensors and good 3D options for automotive and IoT, as we speak introduced a brand new good LiDAR deployment automating waste plant operations, to make sure course of effectivity and decrease the environmental impression of a waste-to-energy incineration plant in China.

Deployed in collaboration with Hunan University, one among China’s high engineering analysis universities, and Hunan Qiaokang Bridge Health Intelligent Technology for Puxiang Bioenergy, Quanergy’s excessive accuracy M-Series 3D LiDAR sensors have been utilized to scan the floor of the waste piles on the incineration plant and create a 3D level cloud picture, to precisely calculate the amount of the waste. The LiDAR answer from Quanergy options industry-leading excessive accuracy, via its angular decision of 0.033 levels, and level cloud density of as much as 1.3 million factors per second.

By correct quantity information, the waste plant can estimate the density of the waste and apply estimation logic to find out the calorific worth. For instance, dry waste is much less dense and has the next calorific worth than moist waste. With this wealthy and correct 3D information, the recycling station can now successfully prioritize burning excessive calorific worth dry fuels whereas giving moist wastes extra time to dry out. This each improves general effectivity and reduces carbon emissions.

“The info from Quanergy’s LiDAR sensors permits us to generate digital information units that we will then use to optimize and scale the waste recycling course of all through a whole metropolis and past,” mentioned Professor Xiaogang Zhang, Deputy Dean of Faculty of Electrical & Data Engineering, Hunan College. “A robust industrial IoT software, the information from Quanergy’s sensors additionally provides perception into the operation of the ability plant to observe, measure, and predict the quantity of energy that may be generated from waste incineration.”

“Earlier than LiDAR, there was no technique to precisely measure the amount and density of the waste, important information factors for correct calorific worth estimation,” mentioned Enzo Signore, CMO at Quanergy, “3D LiDAR opens up clear and helpful insights that have been beforehand inaccessible within the 2D world, not solely bettering operational effectivity, but in addition making the air cleaner and more healthy by lowering emissions.”

Along with their accuracy, Quanergy’s 3D LiDAR sensors are sturdy and dependable, even within the harsh circumstances of the incineration plant, offering over 60,000 hours of imply time between failure (MTBF). The sensors may be put in in any setting, indoor or out of doors, and supply dependable efficiency no matter ambient lighting circumstances. Moreover, the answer may be simply scaled, compounding its worth for town.

For extra data, go to www.quanergy.com

In June, Quanergy entered right into a definitive merger settlement with CITIC Capital Acquisition Corp. (NYSE: CCAC) (“CCAC”). Upon closing of the transaction, the mixed firm might be named Quanergy Programs, Inc. and is predicted to be listed on the New York Inventory Change (NYSE) beneath the ticker image “QNGY.” The transaction is predicted to shut within the fourth quarter of 2021, topic to satisfaction of customary closing circumstances.

About Quanergy:

Quanergy is a Silicon Valley-based know-how firm that brings reasonably priced, good LiDAR and 3D notion applied sciences to the market. Its mission is to create highly effective, reasonably priced good LiDAR options for automotive and IoT functions to reinforce individuals’s experiences and security. Quanergy has developed the one true 100% stable state CMOS LIDAR sensor constructed on optical phased array (OPA) know-how to allow the mass manufacturing of low-cost, extremely dependable 3D LiDAR options. By Quanergy’s good LiDAR options, companies can now leverage real-time, superior 3D insights to rework their operations in a wide range of industries together with industrial automation, bodily safety, good cities, good areas, and far more. Quanergy options are deployed by over 350 prospects throughout the globe. For extra data, please go to us at www.quanergy.com.

Ahead-Wanting Statements

This press launch contains sure statements that aren’t historic info however are forward-looking statements for functions of the protected harbor provisions beneath the USA Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements typically are accompanied by phrases reminiscent of “imagine,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” “undertaking,” “anticipate,” “will possible outcome” and related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. All statements, aside from statements of current or historic truth included on this press launch, together with these relating to the implementation of 3D LiDAR answer in collaboration with Hunan College and Hunan Qiaokang Bridge Well being Clever Know-how for Puxiang Bioenergy, CCAC’s means to consummate the proposed enterprise mixture, anticipated timing of the proposed enterprise mixture, and the mixed firm’s future merchandise are forward-looking statements. These statements are primarily based on numerous assumptions, whether or not or not recognized on this press launch, and on the present expectations of the respective administration of CCAC and Quanergy and should not predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and should not meant to function, and should not be relied on as, a assure, an assurance, a prediction or a definitive assertion of truth or chance. Precise occasions and circumstances are troublesome or inconceivable to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of CCAC or Quanergy. Potential dangers and uncertainties that would trigger the precise outcomes to vary materially from these expressed or implied by forward-looking statements embody, however should not restricted to, adjustments in home and overseas enterprise, market, monetary, political and authorized circumstances; the shortcoming of the events to efficiently or well timed consummate the proposed enterprise mixture, together with the chance that any regulatory approvals should not obtained, are delayed or are topic to unanticipated circumstances that would adversely have an effect on the mixed firm or the anticipated advantages of the proposed enterprise mixture or that the approval of the shareholders of CCAC or Quanergy will not be obtained; the shortcoming to finish the PIPE providing in reference to the enterprise mixture; failure to understand the anticipated advantages of the proposed enterprise mixture; threat referring to the uncertainty of the projected monetary data with respect to Quanergy; the quantity of redemption requests made by CCAC’s shareholders; the general degree of shopper demand for Quanergy’s merchandise; basic financial circumstances and different elements affecting shopper confidence, preferences, and conduct; disruption and volatility within the world forex, capital, and credit score markets; the power to keep up the itemizing of Quanergy’s securities on the New York Inventory Change; the monetary power of Quanergy’s prospects; Quanergy’s means to implement its enterprise technique; adjustments in governmental regulation, Quanergy’s publicity to litigation claims and different loss contingencies; disruptions and different impacts to Quanergy’s enterprise, on account of the COVID-19 world pandemic and authorities actions and restrictive measures carried out in response; stability of Quanergy’s suppliers, in addition to shopper demand for its merchandise, in gentle of illness epidemics and health-related issues such because the COVID-19 world pandemic; the impression that world local weather change traits could have on Quanergy and its suppliers and prospects; Quanergy’s means to guard patents, emblems and different mental property rights; any breaches of, or interruptions in, Quanergy’s data techniques; fluctuations within the value, availability and high quality of electrical energy and different uncooked supplies and contracted merchandise in addition to overseas forex fluctuations; Quanergy’s means to make the most of potential web working loss carryforwards; adjustments in tax legal guidelines and liabilities, tariffs, authorized, regulatory, political and financial dangers. The foregoing record of potential dangers and uncertainties will not be exhaustive. Extra data on potential elements that would have an effect on CCAC’s or Quanergy’s monetary outcomes is included now and again in CCAC’s public reviews filed with the SEC, together with its Annual Report on Kind 10-Ok, Quarterly Stories on Kind 10-Q, and Present Stories on Kind 8-Ok in addition to the opposite paperwork CCAC has filed, or will file, with the SEC, together with the ultimate amended registration assertion on Kind S-4 that may embody proxy statements/prospectus that CCAC will file with the SEC in reference to CCAC’s solicitation of proxies for the assembly of shareholders to be held to approve, amongst different issues, the proposed enterprise mixture. If any of those dangers materialize or CCAC’s or Quanergy’s assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be further dangers that neither CCAC nor Quanergy presently know, or that CCAC and Quanergy at the moment imagine are immaterial, that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate CCAC’s and Quanergy’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. Neither CCAC nor Quanergy provides assurance that both CCAC or Quanergy, or the mixed firm, will obtain its expectations. CCAC and Quanergy anticipate that subsequent occasions and developments will trigger their assessments to vary. Nevertheless, whereas CCAC and Quanergy could elect to replace these forward-looking statements sooner or later sooner or later, CCAC and Quanergy particularly disclaim any obligation to take action, besides as required by regulation. These forward-looking statements shouldn’t be relied upon as representing CCAC’s or Quanergy’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.