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Technology Stocks : Sensata Technologies Holding N.V. (ST)

ST 33.65

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From: JakeStraw	1/3/2017 3:25:57 PM
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Sensata and Quanergy Highlight Strength of LiDAR Solution at Las Vegas Consumer Electronics Show finance.yahoo.com “The combination of Sensata’s global scale and auto industry expertise with Quanergy’s capabilities in 3D mapping & object detection, tracking, and classification, put us in a strong position to help our customers meet their objectives for highly automated driving,” said Steve Beringhause, Executive Vice President, Performance Sensing and Chief Technology Officer of Sensata. “We are excited to share the progress we have made with our partners, customers and suppliers at the CES conference.” “The solid state LiDAR we are bringing to market with Sensata demonstrates that automotive-grade 3D sensing systems can be affordable and reliable, with uncompromised performance,” said Dr. Louay Eldada, Chief Executive Officer of Quanergy. “Our customers' roadmaps rely on the availability of 3D sensors that are more reasonably priced and more dependable than sensors that have been in the marketplace for the last decade. The S3 LiDAR is the only product that can satisfy this demand in a true solid state solution. We are in a unique position to enable broad deployment of next-generation driver assistance and self-driving systems for a reinvented driving experience that delivers significantly higher levels of safety, efficiency, productivity and comfort.”

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