- Mobile solution can be deployed anywhere to ensure security of remote sites
- Cost-effective, flexible security solution for sites with limited infrastructure
- 3D LiDAR provides extremely high accuracy and reduces false alarms by more than 95%
SUNNYVALE, Calif. & PARIS — (BUSINESS WIRE) — December 14, 2021 — Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a collaboration with Securitas France, a leader in intelligent protective services. The collaboration provides the security industry’s first remote mobile surveillance solution with 3D LiDAR integration.
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Quanergy Partners with Securitas France to Unveil the Security Market's First Mobile Surveillance Solution with Integrated 3D LiDAR Technology. (Photo: Business Wire)
The mobile surveillance solution, Mobile Cam 3D from Securitas, combines Quanergy’s M-Series LiDAR sensors, and security cameras to secure temporary and remote sites like construction sites, storage areas, parking areas, and more. The mobile surveillance units are being deployed for perimeter protection and intrusion detection where infrastructure is limited.
The unique solution features robust 3D LiDAR sensors that provide reliable detection and advanced situational awareness of security threats. The solution can be monitored remotely thanks to Quanergy’s integrated computer vision platform, QORTEX DTC™, which provides real-time detection, tracking, and identification of objects in the secured area.
Laurent Zaffran, Vice President of Electronic Security for Securitas in France says, “We have selected Quanergy’s innovative 3D LiDAR solutions in our electronics security services in France. Its high accuracy and low rate of false alarms enable us to provide highly reliable solutions to our customers.” He also added, “The rate of nuisance alarm is divided by ten, making the remote monitoring by our operators more efficient. This is a major milestone in making a more reliable security process for perimeter intrusion.”
Quanergy’s M-Series of LiDAR sensors operate reliably in any lighting or weather condition, making them an ideal detection solution for outdoor remote security applications. The solution offers full object classification, including object distance and velocity, and provides 360-degree coverage. With a range up to 200 meters in diameter, M-Series LiDAR sensors can monitor large outdoor areas with just a few compact, portable devices.
“3D LiDAR is a game-changer for the security industry,” said Gerald Becker, VP of Alliances and Market development. “Its perception and unmatched accuracy are enabling new and innovative solutions—like mobile security and remote surveillance—to reliably and cost-effectively protect sites that were once difficult or cost-prohibitive to secure. And partnering with Securitas, one of the largest security companies in the world, is bringing this technology to more customers worldwide.”
For more information, visit www.quanergy.com
To watch Securitas’ Mobile Cam 3D video, click here.
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.
About Securitas
Securitas is the world’s leading intelligent protective services partner. Our guarding, electronic security, fire and safety, and risk management solutions enable more than 150,000 clients to see a different world. We are present in 47 markets and our innovative, data-driven approach makes us a trusted partner to many of the world’s best-known companies. Our 355,000 employees live our values of integrity, vigilance and helpfulness, and our purpose is to help make your world a safer place. For more information: www.securitas.com
Additional Information and Where to Find It
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 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.
Participants in the Solicitation
CCAC, Quanergy and their respective directors and executive officers may be deemed participants in the solicitation of proxies from CCAC’s shareholders in connection with the proposed business combination. CCAC’s shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of CCAC, including their ownership of CCAC’s securities in the Registration Statement. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CCAC’s shareholders in connection with the proposed business combination are set forth in the Registration Statement, which includes the preliminary proxy statement/prospectus of CCAC. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination are included in the Registration Statement, which includes the proxy statement/prospectus that CCAC filed with the SEC. You may obtain free copies of these documents as described in the preceding paragraph.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CCAC or Quanergy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Forward-Looking Statements
