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Quanergy Announces NIT, an Ingram Micro Company, as Security Distributor for Middle East Region

May 1, 2019

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 1, 2019--Quanergy Systems, Inc., a leading provider of solid state LiDAR sensors and smart sensing solutions, today announced that it is partnering with NIT, a leading value-added distributor of IP surveillance and physical security solutions in the META region (Middle East, Turkey, Africa), to distribute its LiDAR-based security system QORTEX DTC™ (Detection, Tracking, Classification) in various countries including the United Arab Emirates, Kingdom of Saudi Arabia, Kuwait, Oman, Bahrain and Qatar.

QORTEX DTC™ is an innovative LiDAR-based 3D perimeter fencing and intrusion detection system. The integrated hardware and software platform combines Quanergy’s high-performance high-durability M8 mechanical LiDAR sensor with its proprietary QORTEX perception software. The platform is fully integrated into existing VMS (Video Management System) and PSIM (Physical Security Information Management) infrastructures and offers surveillance automation with real-time detection, tracking, and classification.

“Quanergy is continuously seeking out relationships with progressive companies that are aligned with our mission to facilitate the widespread use of LiDAR-powered solutions across industries and around the globe,” said Dr. Louay Eldada, CEO and co-founder of Quanergy. “As a premier security distributor for the META region, NIT will allow us to expand our reach and showcase the breadth of applications for LiDAR technology in a rapidly growing market.”

NIT will distribute QORTEX DTC™ for use in perimeter security applications, including intrusion detection and people tracking. This system is already integrated in various perimeter security applications around the world, including a perimeter security pilot program in Texas, where QORTEX DTC™ is being tested for use on the US-Mexico border, as well as a strategic collaboration to utilize QORTEX DTC™ on the Indian border.

“NIT strives to work with companies that are developing the world’s leading technology solutions,” said Bassel Al Fakir, Managing Director of NIT. “Teaming with Quanergy to distribute the QORTEX DTC™ system will give NIT the ability to offer a state-of-the-art cost-effective security system that will benefit the entire security industry.”

To learn more about QORTEX DTC™, visit www.quanergy.com.

About Quanergy Systems, Inc.

Quanergy Systems, Inc. was founded in 2012 and builds on decades of experience from its team in the areas of optics, photonics, optoelectronics, artificial intelligence software and control systems. Headquartered in Sunnyvale, California, in the heart of Silicon Valley, Quanergy offers smart sensing solutions. It is a leading provider of LiDAR sensors and perception software for real-time capture and processing of 3D spatial data and object detection, identification, classification and tracking. Its sensors are disruptive in price, performance, reliability, size, weight and power. Its solutions are applicable in numerous sectors including transportation, security, industrial automation, 3D mapping, mining, agriculture, drones, robotics, smart spaces and 3D-aware smart devices for improved safety, efficiency and quality of life. More at www.quanergy.com.

About Ingram Micro Inc.

Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at  www.ingrammicro.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190501005397/en/

CONTACT: Sona Kim

Marketing Communications Manager

+1-408-245-9500

media@quanergy.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MIDDLE EAST

INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE AUDIO/VIDEO CONSTRUCTION & PROPERTY

SOURCE: Quanergy Systems, Inc.

Copyright Business Wire 2019.

PUB: 05/01/2019 06:00 AM/DISC: 05/01/2019 06:00 AM

http://www.businesswire.com/news/home/20190501005397/en