MENLO
PARK, Calif., Nov. 4, 2024
/PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced
that Marty Petraitis is joining
Cyngn as Vice President of Sales. Petraitis brings over two decades
of leadership experience in scaling revenue within
technology-driven sectors, including automation, SaaS, and
manufacturing systems. In this role, Petraitis will oversee Cyngn's
global sales strategy, market expansion, and the adoption of
Cyngn's Enterprise Autonomy Suite (EAS) by new organizations.
"Marty is known for his ability to transform sales organizations
through value-based strategies. He has a proven track record of
accelerating growth across global markets, with particular
expertise in industrial automation and enterprise sales," said
Cyngn CEO Lior Tal.
Prior to joining Cyngn, Petraitis led sales at Heartland
Automation, where he successfully pivoted the company from
product-based offerings to high-value, solutions-focused services
in the autonomous mobile robotics sector. His leadership in prior
roles includes executive positions at Clearpath Robotics/OTTO
Motors, Segue Manufacturing Services, and Brooks Automation, where
he scaled revenue to over $210M by
championing strategic accounts and consultative sales methods.
Marty's skill in establishing predictable revenue models, fostering
channel partnerships, and aligning marketing with sales strategy
has contributed to the success of numerous technology startups and
established companies alike.
As Cyngn continues to expand its presence in the autonomous
driving software market, the Company is focused on strengthening
its sales team to meet growing customer demand. To explore current
career opportunities at Cyngn, please visit
https://www.cyngn.com/company/careers#current-jobs.
About Cyngn
Cyngn develops and deploys scalable, differentiated autonomous
vehicle technology for industrial organizations. Cyngn's
self-driving solutions allow existing workforces to increase
productivity and efficiency. The Company addresses significant
challenges facing industrial organizations today, such as labor
shortages, costly safety incidents, and increased consumer demand
for eCommerce.
Cyngn's DriveMod Kit can be installed on new industrial vehicles
at end of line or via retrofit, empowering customers to seamlessly
adopt self-driving technology into their operations without high
upfront costs or the need to completely replace existing vehicle
investments.
Cyngn's flagship product, its Enterprise Autonomy Suite,
includes DriveMod (autonomous vehicle system), Cyngn Insight
(customer-facing suite of AV fleet management, teleoperation, and
analytics tools), and Cyngn Evolve (internal toolkit that enables
Cyngn to leverage data from the field for artificial intelligence,
simulation, and modeling).
Where to find Cyngn:
- Website: cyngn.com
- Twitter: twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Don Alvarez, CFO
investors@cyngn.com
Media Contact:
Luke Renner, Head of Marketing
media@cyngn.com
Forward-looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act and
other securities laws. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates" and similar
expressions or variations of such words are intended to identify
forward-looking statements. Forward-looking statements are not
historical facts, and are based upon management's current
expectations, beliefs and projections, many of which, by their
nature, are inherently uncertain. Such expectations, beliefs and
projections are expressed in good faith. However, there can be no
assurance that management's expectations, beliefs and projections
will be achieved, and actual results may differ materially from
what is expressed in or indicated by the forward-looking
statements. Forward-looking statements are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the forward-looking
statements, including the risk factors described from time to time
in the Company's reports to the Securities Exchange Commission
(SEC), including, without limitation the risk factors discussed in
the Company's annual report on Form 10-K filed with the SEC on
March 7, 2024. Readers are cautioned
that it is not possible to predict or identify all the risks,
uncertainties and other factors that may affect future results. No
forward-looking statement can be guaranteed, and actual results may
differ materially from those projected. Cyngn undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Cyngn is not
responsible for the contents of third-party websites.
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SOURCE Cyngn
