Quanergy Releases Advanced 3D Perception Software Capabilities For Smart City And Security

Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, announced the release of QORTEX DTC 2.2, the latest version of its 3D perception software, designed for advanced smart city and security applications. 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. QORTEX DTC is a core proprietary computer vision software platform compatible with Quanergy's suite of LiDAR sensors.