Quanergy Systems LiDAR Sensors to Be Used in Vecna Technology

By Chris Wack
Quanergy Systems Inc. said its M1 LiDAR sensors have been chosen by Vecna Robotics to deliver natural feature navigation for their new Vecna CPJ autonomous co-bot pallet jack.
The technology company said Vecna CPJ will use its M1 LiDAR sensors for natural feature navigation to help bring automation to material handling workflows like pallet and tote consolidation, pick-to-packout, and QA/QC/rework.
LiDAR uses time-of-flight sensing to generate rich point cloud data about the surrounding area, allowing the co-bot to navigate the warehouse autonomously abandoning the need for expensive and inflexible beacons. The use of LiDAR enables the co-bot to collaborate with human partners.
Quanergy shares were up 11% to $2.24 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
New Covid-19 restrictions in China, including lockdowns in Shanghai, helped oil prices move lower.
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.

source