Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Quanergy Completes Chapter 11 Sale

Facebook Twitter LinkedIn Email
SUNNYVALE, Calif., March 2, 2023 — A group of investors that includes former Quanergy Systems Inc. board member Tamer Hassanein is the winning bidder of the assets of lidar technology company Quanergy, as awarded in an auction administered by the U.S. Bankruptcy Court for the District of Delaware. Quanergy will remain a provider of lidar sensors and smart 3D solutions targeted for applications in physical security, smart spaces/smart cities, and industrial automation.

Quanergy filed for protection under Chapter 11 of the U.S. Bankruptcy Code in December 2022. The company has continued operations through the process.
Mar 2023
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.
BusinesslidarlasersQuanergysalebankruptcyChapter 113D imagingSensors & DetectorsAmericas

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.