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Quanergy Systems, Inc. (NYSE: QNGY) announced its integration with Network Optix, marking the first-ever LiDAR-driven solution in their Nx Marketplace. This collaboration enhances operational accuracy in various industries like physical security and smart cities, utilizing Quanergy's M-Series sensors and QORTEX™ software for 95% accuracy in object detection. The integration allows businesses to automate video-driven responses, improving situational awareness and security. The partnership aims to transform real-time insights across critical environments.
Quanergy Systems (NYSE: QNGY) has partnered with Fabrinet to boost the production of its LiDAR sensors amid rising demand. Fabrinet's expertise in precision manufacturing will enhance the quality and efficiency of Quanergy's offerings. The collaboration aims to meet customer needs while maintaining high industry standards with certifications like ISO9001 and IATF16949. Quanergy is focused on delivering affordable smart LiDAR solutions across various sectors, and this partnership is a strategic move to expand global manufacturing capabilities and support future growth.
Quanergy Systems, Inc. (NYSE:QNGY) announced a partnership with Advancis to integrate its 3D LiDAR solutions into Advancis' WinGuard physical security software. This collaboration aims to enhance perimeter intrusion detection and improve people-counting applications for customers. Quanergy's M-Series sensors and Qortex DTC™ software will provide real-time tracking for security applications. With over 470 existing interface drivers, Advancis enhances its technology partnerships, ensuring best-in-class security solutions for modern environments.
Quanergy Systems, Inc. (NYSE:QNGY) announced its integration of M-Series LiDARs and QORTEX DTC™ software with Hanwha Techwin’s Wisenet WAVE VMS. This collaboration aims to enhance security operations by utilizing real-time 3D data for improved object tracking and reduced false alarms. The integration offers advanced sensing capabilities and operational cost savings for Hanwha customers, making the system effective in various weather conditions. Quanergy continues to focus on providing reliable, accurate LiDAR solutions across industries, enhancing safety and efficiency.
Quanergy Systems, Inc. (NYSE: QNGY) reported a 100% year-over-year growth in last 12 months bookings, totaling $8.8 million. In Q2 2022, revenue reached $1.2 million, a 31% increase from 2021, while the GAAP net loss widened to $25.7 million, compared to $20.5 million a year earlier. Adjusted EBITDA loss was $12.5 million, up from $6.6 million in Q2 2021. The company ended the quarter with $18.8 million in cash. Looking ahead, Quanergy expects bookings of $14.0 - $18.0 million for 2022, with revenue guidance of $7.0 - $9.0 million.
Quanergy Systems (NYSE: QNGY) announced a multi-million dollar order from Prime Secured, aimed at enhancing physical security and flow management. Prime Secured will deploy Quanergy's MQ-8™ 3D LiDAR sensors and QORTEX DTC™ software initially at a major casino, addressing the need for efficient security solutions. This collaboration is set to expand into other industries, leveraging Quanergy's advanced analytics capabilities. The deal highlights Quanergy's commitment to providing innovative solutions across various sectors.
Quanergy Systems (NYSE: QNGY) announced that its Q2 2022 financial results will be released on August 11, 2022, after market close. The company will hold a conference call to discuss the results and business outlook at 4:30 PM Eastern time. Interested parties can join the call by dialing 201-389-0920 and using access code 13731117, or via webcast.
Quanergy Systems, Inc. (NYSE: QNGY) has appointed Lisa M. Kelley to its board of directors, enhancing its leadership with over 25 years of industry experience. Kelley, a CPA with an MBA, brings expertise from roles at AVNET and other Fortune 500 companies. She will serve on the compensation and audit committees, leveraging her financial acumen to support Quanergy's strategic vision. CEO Kevin J. Kennedy emphasized Kelley's extensive experience as a valuable asset as the company continues to grow its innovative LiDAR solutions.
Quanergy Systems, Inc. (NYSE: QNGY) launched the M1 Edge PoE LiDAR sensor, enhancing its Perimeter Intrusion Detection (PID) capabilities. This new IoT sensor promises higher detection accuracy at a lower cost than competitors, expanding its market reach. The M1 Edge PoE sensor supports various applications, including security for rooftops and data centers, with a detection range of tens of meters. Additionally, it simplifies installation with Power over Ethernet (PoE) and increases the number of configurable detection zones. This advancement aims to improve safety and operational efficiency in both security and industrial sectors.
Quanergy Systems (NYSE: QNGY) announced the successful deployment of its M-Series LiDAR sensors at Nanjing Port. The system effectively reduced false alarms from 90% to approximately 2%, significantly enhancing safety during heavy equipment operations. The LiDAR technology ensures accurate detection even in challenging environments and allows for 3D object identification, improving operational efficiency. Nanjing Jiuao Technology Co., Ltd. played a key role in the installation, demonstrating LiDAR's growing presence in port automation.
