Quanergy Solutions, Inc., continues to gain momentum since reformulating its business operations to focus exclusively on physical security and business intelligence applications.
The company’s newly expanded portfolio is expected to further accelerate Quanergy’s growth in existing and new markets, to the extent that the company projects year-over-year growth of approximately 300% in fiscal 2024.
Quanergy’s new-generation sensors are designed to track people and vehicles across every zone of protection from the perimeter to close interior locations, dramatically increasing security and operational efficiency. According to an independent study carried out by ABI Research, the forecast is to exceed 3 million sensors representing approximately $6 billion USD in revenue by 2030. Quanergy’s projection of year-over-year growth of approximately 300% in fiscal 2024 is supported by the expansion of the company’s new product offering, and sales and marketing operations across the U.S. and in select regions in the EU and APAC.
“Public and private organisations alike need to urgently address increasingly sophisticated threats while improving their operational and capital efficiency,” said Enzo Signore, CEO, Quanergy. “Quanergy 3D Lidar solutions are driving the next generation of physical security solutions with 20 times higher accuracy at less than half the cost of legacy technologies.”
An increased market demand for cost-efficient and accurate Perimeter Intrusion Detection (PID) solutions continues to drive high interest in Quanergy 3D Lidar solutions. This applies not only for specialised critical infrastructure applications such as energy and water utilities, datacentres, airports and various government installations, but also for mainstream physical security and business intelligence applications at corporate enterprises, warehousing and logistics operations, and so much more.
A recent deployment of Quanergy 3D Lidar is at San Jose Water for Enterprise Security Risk Management (ESRM), initially for automated Perimeter Intrusion Detection and to generate data for future business intelligence applications. Quanergy also recently entered a partnership with Convergint, a global leader in service-based systems integration to design, engineer and implement physical security solutions that provide early detection with hyper accuracy and faster response times.
“Quanergy’s solutions have been chosen by some of the largest datacentres, utilities and distribution centers in the world, and we are committed to helping customers around the globe benefit from the power of 3D Lidar.” continued Signore.
