For example, Sensata Technologies is a tier one supplier
zou het Sensata kunnen zijn?
ALMELO, the Netherlands and SUNNYVALE, Calif., (March 7, 2016) – Sensata Technologies
Holding N.V. (NYSE: ST), a leading manufacturer of sensing, electrical protection, control and
power management solutions, and Quanergy Systems, Inc., the leading provider of solid state
LiDAR sensors and smart sensing solutions, announced today that they have reached strategic
partnership and investment agreements to advance the ongoing development and
commercialization of Quanergy’s LiDAR technology. Sensata and Quanergy will be exclusive
partners for component level solid state LiDAR sensors in the transportation market. In connection
with the partnership and investment, Sensata will gain one seat on Quanergy’s board of directors.
“The strategic partnership with Quanergy underscores Sensata’s strategy to Win in Sensing,” said
Martha Sullivan, Sensata Technologies President and Chief Executive Officer. “This partnership is
a pragmatic way to extend our sensing capabilities into advanced driver assistance applications,
one of the fastest-growing areas of transportation sensing. According to industry experts, the
LiDAR market is expected to develop into a billion dollar market opportunity by 2020, and we are
optimistic that our long track record of bringing new sensing parameters into Sensata and
implementing successful global roll-outs will enable us to capitalize on this important opportunity.”
LiDAR sensing is expected to be a mission-critical component of future advanced driver assistance
systems including autonomous driving. Together, Sensata and Quanergy will leverage Quanergy’s
substantial intellectual property and current and future technology development to deliver LiDAR
sensors that have substantially lower costs, higher reliability, improved capability, and lower power
consumption when compared to traditional mechanical LiDAR sensors.
“We are thrilled to be partnering with this entrepreneurial and highly capable team that has
successfully developed the only compact and lower cost solid state LiDAR solution currently on the
market,” said Steve Beringhause, Sensata Technologies Chief Technology Officer. “We are
confident that Quanergy’s technology will provide differentiated value for our customers enabling
an accelerated adoption of advanced driver assistance applications.”
“Innovation is at the heart of everything that we do at Quanergy,” said Dr. Louay Eldada, Quanergy
Chief Executive Officer. “But true success comes by coupling innovation with execution. We know
that by teaming up with Sensata we’ll stand to benefit from Sensata’s new product launch and
manufacturing expertise, deep customer relationships and global presence as the leading
independent sensor supplier. Together, we are well positioned to become the leading provider of
LiDAR sensors to the transportation markets.”