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Quanergy Systems Continues Growth Strategy as a Publicly-Listed Company

February 10, 2022  |  Enzo Signore

Looking back at the past year, 2021 was nothing short of exciting as Quanergy (NYSE: QNGY), along with the LiDAR market, continued to build momentum.   There is little doubt about the benefits of LiDAR technology in many markets, as new applications and use cases continue to emerge across industries.  Likewise, the value and quality Quanergy delivers with its smart LiDAR solutions has been proven through the success stories of its customers and partners.

 

In the last few years, Quanergy has enhanced revolutionary Optical Phased Array (OPA) LiDAR technology, developed disruptive smart LiDAR sensors and accompanying perception software that have been adopted in many industries, including mapping, smart city & smart spaces, industrial automation, security, and more.  As businesses across these sectors continue to adopt data-centric models to drive their innovation and process efficiency, the market for data-rich 3D perception has reached a tipping point.  Simply put, the world has a very real need for our smart solutions to drive advanced levels of automation and enhance people’s safety and experiences.

 

As an organization, we enjoyed many successes over the years, and the past few months alone underscore our positive trajectory.  Just a few highlights of what Quanergy has achieved recently include:

  • Shipments of sensor units increased by more the 50% from Q3 to Q4 2021
  • Nearly 400 customers and 50 partners globally
  • Average deal size continues to grow, with 8 deals of more than $150k in Q4 2021 alone
  • Beat revenue guidance in 2021, including 32% sequential growth from Q3 2021
  • Industrial automation market presence grew with new customer wins in 2021

 

Most recently, we successfully demonstrated the 200-meter range of our OPA-based solid state LiDAR, which will be a critical technology for supporting smart mobility applications.  We are the only LiDAR provider to harness the potential of OPA, the solid-state technology best suited to scale for the automotive market.  The expanded range, combined with the performance, reliability, and cost factor of the solid state S3 solutions will be a game-changer for the automotive and industrial markets.

 

We have reached another milestone – perhaps the most exciting one yet.  It is also an announcement that will usher Quanergy into our next phase of development, growth, and LiDAR market leadership. With the closing of our recent Business Combination, Quanergy Systems is now a publicly traded company, listed on the New York Stock Exchange as “QNGY.”

 

None of our accomplishments are trivial and each has helped set the stage for our formal launch on the NYSE.  The goals we have achieved provide a bright outlook and would not have been possible without the dedication of our team, which has also grown >35% since the beginning of 2021.  To each of them, our executive leadership, our partners, and our customers, I extend a heartfelt thank you for helping Quanergy Systems come this far, and I look forward to even more success in 2022 and beyond.

Tags:  Quanergy