Press release

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

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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.