Press release

Quanergy Achieves Compliance with Important Automotive Standards

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Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and
Ranging) sensors and smart sensing solutions, today announced that,
based on certification body audits, it has reached compliance with the
automotive standard IATF 16949:2016 and the required automotive core
tools and product standards. With this compliance, Quanergy has shown
its readiness to produce solid-state LiDAR sensors for use in a wide
range of automotive applications.

The IATF 16949:2016 compliance assesses quality starting at the
conception of product design to its application, requiring a far more
stringent and comprehensive assessment than other certification
standards. The IATF standard, core tools and customer-specific
requirements enable companies to meet important product safety
requirements within the automotive industry. These tools consist of FMEA
(Failure Modes and Effects Analysis), APQP (Advanced Product Quality
Planning Process), PPAP (Production Part Approval Process), SPC
(Statistical Process Control) and MSA (Measurement System Analysis).

Quanergy also performs reliability verification of its solid-state LiDAR
sensors using the AEC (Automotive Electronics Council) Q100 family of
standards. Additionally, Quanergy ensures the conformance of its key
automotive suppliers to IATF 16949.

“The future of autonomous vehicles is dependent on the development of
LiDAR sensors that can reliably and expertly navigate surroundings
outside static or mapped environments,” said Dr. Louay Eldada, CEO and
co-founder of Quanergy. “Achieving this third-party-certified IATF
compliance is our latest step toward bringing safe, autonomous vehicles
to future roads, and is a direct result of the dedication of our entire
team in driving the standards for this industry.”

Quanergy earned this compliance after three rounds of third-party
certification audits by a leading European certification body, Det
Norske Veritas Germanischer Lloyd (DNVGL). This comes after only nine
months of internal implementation activities, which is half the time it
typically takes an organization to achieve this milestone.

“This important milestone positions Quanergy ahead of competitors in
terms of conformance to the stringent quality, reliability and safety
requirements of the automotive industry,” said Joy Gandhi, Senior
Director of Quality and Reliability Engineering at Quanergy. “Our
commitment to safety is unwavering, and this is the latest validation of
the high bar we have set for quality standards of LiDAR sensors for
autonomous vehicles.”

This compliance to the array of automotive standards follows the recent
announcement that Quanergy obtained ISO 9001:2015 quality certification,
forming a solid foundation for automotive solid-state LiDAR production.

About Quanergy Systems, Inc.

Quanergy Systems, Inc. was founded in 2012 and builds on decades of
experience of 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. For more information, visit