In the Heart of Silicon Valley

Quanergy’s mission is to enhance people’s experiences and safety by enabling a new generation of automation processes in the physical security, industrial automation and smart spaces markets.

SUNNYVALE, Calif. – Feb. 23, 2023 – A group of investors that includes former Quanergy Systems, Inc. board member Tamer Hassanein has emerged as the winning bidder for Quanergy’s assets in an auction administered by the United States Bankruptcy Court for the District of Delaware. Following a competitive process that started with five bidders, the investors’ company was confirmed by the Bankruptcy Court as the winning bidder, thus successfully completing Quanergy’s Chapter 11 sale. “We are extraordinarily excited about Quanergy’s future. It has confirmed product market fit in the security market and a superlative list of Fortune 100 customers, and it has established a clear technology lead over industrial incumbents. We are committed to helping the company’s management team support and grow the hundreds of customers and partners that have chosen Quanergy, while continuing to invest further in innovative LiDAR solutions.” Tamer Hassanein, director of the board, Quanergy

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Intelligent Solutions for Challenges Around the World

In a rapidly evolving world, the need for smarter, more efficient, and reliable technologies has never been greater. Quanergy’s intelligent 3D LiDAR solutions are at the forefront of tackling some of the most critical challenges faced by industries and communities worldwide. From safeguarding vital infrastructure to enhancing urban mobility and automating complex industrial processes, our innovative technologies are reshaping possibilities across the globe.

In physical security, Quanergy’s solutions reduce false alarms and provide unparalleled accuracy, ensuring the protection of critical assets while cutting operational costs. In smart cities, our systems optimize traffic flow, enhance pedestrian safety, and improve public transit efficiency, paving the way for cleaner, more connected urban environments. For industrial automation, our 3D LiDAR technology streamlines operations with precise object detection and real-time data, enabling businesses to boost productivity and reduce downtime.

With applications spanning continents and industries, Quanergy’s solutions demonstrate their transformative potential in diverse environments. Whether it’s securing airports, managing crowds at events, or revolutionizing logistics in sprawling industrial facilities, our intelligent LiDAR systems empower decision-makers with actionable insights. At Quanergy, we’re not just solving problems—we’re creating smarter, safer, and more sustainable futures for communities around the world.