- 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%
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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211214005474/en/
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
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” “project,” “anticipate,” “will
likely result” and similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. All statements, other than statements of present or
historical fact included in this press release, including those
regarding the ability of Quanergy’s 3D LiDAR sensors’ suitability
for outdoor remote security applications and ability to enhance the
reliability of security processes for perimeter intrusion, LiDAR’s
potential impact on the security industry, CCAC’s ability to
consummate the proposed business combination, anticipated timing of
the proposed business combination, and the combined company’s
future products are forward-looking statements. These statements
are based on various assumptions, whether or not identified in this
press release, and on the current expectations of the respective
management of CCAC and Quanergy and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on as, a guarantee, an assurance, a prediction
or a definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of CCAC or Quanergy. Potential risks and
uncertainties that could cause the actual results to differ
materially from those expressed or implied by forward-looking
statements include, but are not limited to, changes in domestic and
foreign business, market, financial, political and legal
conditions; the inability of the parties to successfully or timely
consummate the proposed business combination, including the risk
that any regulatory approvals are not obtained, are delayed or are
subject to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed business
combination or that the approval of the shareholders of CCAC or
Quanergy is not obtained; the inability to complete the PIPE
offering in connection with the business combination; failure to
realize the anticipated benefits of the proposed business
combination; risk relating to the uncertainty of the projected
financial information with respect to Quanergy; the amount of
redemption requests made by CCAC’s shareholders; the overall level
of consumer demand for Quanergy’s products; general economic
conditions and other factors affecting consumer confidence,
preferences, and behavior; disruption and volatility in the global
currency, capital, and credit markets; the ability to maintain the
listing of Quanergy’s securities on the New York Stock Exchange;
the financial strength of Quanergy’s customers; Quanergy’s ability
to implement its business strategy; changes in governmental
regulation, Quanergy’s exposure to litigation claims and other loss
contingencies; disruptions and other impacts to Quanergy’s
business, as a result of the COVID-19 global pandemic and
government actions and restrictive measures implemented in
response; stability of Quanergy’s suppliers, as well as consumer
demand for its products, in light of disease epidemics and
health-related concerns such as the COVID-19 global pandemic; the
impact that global climate change trends may have on Quanergy and
its suppliers and customers; Quanergy’s ability to protect patents,
trademarks and other intellectual property rights; any breaches of,
or interruptions in, Quanergy’s information systems; fluctuations
in the price, availability and quality of electricity and other raw
materials and contracted products as well as foreign currency
fluctuations; Quanergy’s ability to utilize potential net operating
loss carryforwards; changes in tax laws and liabilities, tariffs,
legal, regulatory, political and economic risks. The foregoing list
of potential risks and uncertainties is not exhaustive. More
information on potential factors that could affect CCAC’s or
Quanergy’s financial results is included from time to time in
CCAC’s public reports filed with the SEC, including its Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K as well as the other documents CCAC has filed,
or will file, with the SEC, including the final amended
registration statement on Form S-4 that will include proxy
statements/prospectus that CCAC will file with the SEC 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. If any of these risks materialize or
CCAC’s or Quanergy’s assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither CCAC nor Quanergy presently know, or that CCAC and Quanergy
currently believe are immaterial, that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect CCAC’s
and Quanergy’s expectations, plans or forecasts of future events
and views as of the date of this press release. Neither CCAC nor
Quanergy gives assurance that either CCAC or Quanergy, or the
combined company, will achieve its expectations. CCAC and Quanergy
anticipate that subsequent events and developments will cause their
assessments to change. However, while CCAC and Quanergy may elect
to update these forward-looking statements at some point in the
future, CCAC and Quanergy specifically disclaim any obligation to
do so, except as required by law. These forward-looking statements
should not be relied upon as representing CCAC’s or Quanergy’s
assessments as of any date subsequent to the date of this press
release. Accordingly, undue reliance should not be placed upon the
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211214005474/en/
For Quanergy Media Contact : Neal Stein, media@quanergy.com
For Securitas France Media Contact : presse@securitas.fr
CITIC Capital Acquisition (NYSE:CCAC)
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