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Archambault Appointed Quanergy Financial Director

Photonics.com
Oct 2016
SUNNYVALE, Calif., Oct. 31, 2016 — Lidar sensor developer Quanergy Systems Inc. has appointed Patrick Archambault as its director of strategic financial planning, responsible for providing fiscal development and analysis to maximize Quanergy’s innovative growth strategy.

“I am excited to join Quanergy and provide the strategic planning insight that will enable the company to continue its growth and reach its full potential as the leader in solid state lidar smart sensing solutions,” Archambault said.

Archambault will be responsible for managing all forecasting and budgeting activities for the company and will serve as a liaison between Quanergy and the analyst and investment communities. Prior to joining Quanergy, Archambault served as the lead analyst at Goldman Sachs, covering the U.S. autos and auto parts sector for 12 years. He has been recognized multiple times on the Wall Street Journal’s annual Best on the Street survey, and has received the Thomas Reuters StarMine and Financial Times awards for stock picking and estimate accuracy. Archambault has also been recognized for his extensive and cutting-edge research on the topic of automotive technology.

“Patrick brings invaluable industry financial knowledge and extensive forecasting skills to the role,” said Dr. Louay Eldada, CEO of Quanergy. “With his experience, he will be a leading force in the development of Quanergy’s financial strategy to meet the company’s goals through rigorous financial projections based on a deep analysis of our markets.”

Quanergy is a developer of lidar sensors and software for real-time capture and processing of 3D mapping data and object detection, tracking and classification.


GLOSSARY
lidar
An acronym of light detection and ranging, describing systems that use a light beam in place of conventional microwave beams for atmospheric monitoring, tracking and detection functions. Ladar, an acronym of laser detection and ranging, uses laser light for detection of speed, altitude, direction and range; it is often called laser radar.
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