MENLO
PARK, Calif., Jan. 28,
2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN)
announced that it will be deploying its DriveMod Tugger at a
major Consumer Packaged Goods (CPG) distribution company. This
deployment reaffirms Cyngn's expanding presence across
manufacturing and distribution, highlighting the versatility of its
Enterprise Autonomy Suite ("EAS"). This news comes just after
Cyngn's recent contract with a separate company in the
automotive manufacturing space.
The CPG distribution company—whose name is withheld for
confidentiality—intends to integrate DriveMod Tuggers to enhance
intra-facility logistics.
"This deployment marks another step in Cyngn's mission to bring
seamless automation to diverse industries," said Lior Tal, CEO of Cyngn. "Only about a third of
all CPG companies have robots on more than 50% of their lines,
which is to say there is a lot of opportunity for growth in this
industry. We're excited to see our technology play a critical role
in transforming the way goods move through facilities."
The DriveMod Tuggers are powered by advanced AI and a robust
suite of safety features, including 360° vision and collision
avoidance systems, allowing them to navigate dynamic environments
with precision. Integrated with Cyngn Insight, Cyngn's fleet
management and analytics platform, the DriveMod Tuggers enable
real-time fleet monitoring and control, giving customers the
ability to coordinate and optimize tasks efficiently.
As the CPG industry embraces automation, Cyngn remains committed
to delivering scalable autonomous solutions that meet the unique
needs of modern distribution and logistics environments. For more
information on Cyngn's DriveMod Tuggers and other autonomous
vehicle solutions, visit
https://www.cyngn.com/vehicles/autonomous-tugger.
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).
Find Cyngn on:
- Website: https://cyngn.com
- Twitter: http://twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Don
Alvarez
investors@cyngn.com
Media Contact:
Luke
Renner
media@cyngn.com
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Any statement that is
not historical in nature is a forward-looking statement and may be
identified by the use of words and phrases such as "expects,"
"anticipates," "believes," "will," "will likely result," "will
continue," "plans to," "potential," "promising," and similar
expressions. These statements are based on management's current
expectations and beliefs and are subject to a number of risks,
uncertainties and assumptions that could cause actual results to
differ materially from those described in the forward-looking
statements, including the risk factors described from time to time
in the Company's reports to the 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cyngn-signs-contract-to-deploy-drivemod-tugger-at-a-major-consumer-packaged-goods-company-302361678.html
SOURCE Cyngn
