Cyngn Completes First Paid DriveMod Forklift Deployment at Customer Facility [Yahoo! Finance]
Cyngn Inc. (CYN)
Company Research
Source: Yahoo! Finance
has completed its first paid autonomous deployment at a customer facility, marking an important milestone in the commercialization of the next vehicle in Cyngn's Enterprise Autonomy Suite (EAS) portfolio. Built with an array of safety systems, including 360° high-definition perception and Cyngn's Virtual Bumper technology, the DriveMod Forklift safely navigates dynamic environments while attaining high operational precision. Details on this customer's forklift use case are being kept confidential at this time, but this achievement demonstrates the DriveMod Forklift's capability to execute the work required at a large customer facility. This milestone sets up the critical next steps of commercialization for the DriveMod Forklift, which include building and selling additional units in preparation for integration into this customer's operations, which is targeted for the first half of 2025. "The DriveMod Forklift represents the holy grail of automation. This is one of the few machine
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News
- Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ: CYN) [Yahoo! Finance]Yahoo! Finance
- Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ: CYN)Accesswire
- Cyngn Third Quarter 2024 Earnings: US$2.74 loss per share (vs US$14.49 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated ComputingPR Newswire
- Cyngn Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
CYN
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 8-K
- 11/7/24 - Form 10-Q
- CYN's page on the SEC website