Quanergy : Launches LiDAR-Based, Hyper-Accurate Mantrap Tailgating Solution

January 10, 2023 Quanergy Launches LiDAR-Based, Hyper-Accurate Mantrap Tailgating Solution

New LiDAR-BasedSolution Provides the Granularity Necessary to Defeat the Ongoing Threat of Tailgating

SUNNYVALE, Calif. - Jan 10, 2023 -Quanergy Systems, Inc., (OTC: QNGY)a leading provider of LiDAR sensors and smart 3D solutions, announced today the release of a new LiDAR-based mantrap physical security solution to the market that is hyper-accurate and more difficult to defeat. The 3D solution offers the granularity necessary to defeat the tailgating problem that mantraps face.

A mantrap or vestibule typically consists of a small room with two doors - one connected to the unsecured area and the other connected to the secured area. Gaining access from either side requires using a credential or identification validation, which is usually swiped against an access control reader. There are typically cameras set up to detect people passing through. Using mantraps is an important way for organizations to secure critical infrastructure, such as datacenters, airports and government buildings.

However, tailgating is an ongoing problem. This is the term for when an unauthorized person gains access to a sensitive area by following someone who is authorized into a secured area-and it's the main way criminals bypass most mantrap systems. All physical access systems, regardless of the underlying technology, are vulnerable to this problem.

Using LiDAR, organizations can create more efficient mantraps that combat tactics for bypassing traditional camera-based systems. Quanergy's mantrap solution, which consists ofMQ-8 seriesLiDAR sensors andQortextmDTC perception software, can detect tailgating through secure portals with far higher accuracy than proprietary optical imaging systems. The solution sees everything in 3D, unlike camera-based systems that only see in 2D. It offers the coverage, granularity and accuracy needed to provide a hyper-accurate people count - the most critical component of the entire system. It's available both as a standalone offering and as a supplement to existing security solutions that organizations have invested in.

The Vancouver International Airport has successfully implemented Quanergy's solution in five mantraps that separate the secure areas from unsecured areas. The solution ensures that only authorized personnel are allowed in secure areas and provides drastic improvement in terms of accuracy.

Sonny Sekhon, senior product manager, Quanergy Systems, Inc., said:"Facilities like airports must have foolproof physical security systems, but most mantraps have historically lacked the visibility necessary to provide that level of safety. Using our solution, customers can implement mantraps that are hyper-accurate and hard to defeat using tailgating tactics. And it's turnkey - especially if they are already using Qortex and LiDAR for other applications such as perimeter intrusion detection."

TBD LastName, title, Vancouver International Airport, said: "As one of Canada's busiest airports, we have more than 7 million people passing through our facilities annually. Security must be top-notch. With Quanergy's LiDAR-based technology integrated with our mantrap security system, we are assured we've got best-in-class security in place."

For more information, visitwww.quanergy.com.

About Quanergy Systems, Inc.

Quanergy's (OTC: QNGY) mission is to create powerful, affordable smart LiDAR solutions for IoT and automotive applications to enhance people's experiences and safety. 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 nearly 400 customers across the globe. For more information, please visit us atwww.quanergy.com.

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," "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, are forward-looking statements, including statements regarding the use of our LiDAR sensors in industrial segments and port automation systems and the ability of our sensors to reduce false alarm rates. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside Quanergy's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: changes in domestic and foreign business, market, financial, political and legal conditions; 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; and other risks and uncertainties indicated in Quanergy's filings with the U.S. Securities and Exchange Commission. In addition, forward-looking statements reflect Quanergy's expectations, plans or forecasts of future events and views only as of the date of this press release. Quanergy anticipates that subsequent events and developments will cause its assessments to change. However, while Quanergy may elect to update these forward-looking statements at some point in the future, Quanergy specifically disclaims any obligation to do so, except as required by law.

Investor and Media Contact

[e-mail]