Cyngn's Drive for Commercialization and Technical Innovation Continues [Yahoo! Finance]
Cyngn Inc. (CYN)
Company Research
Source: Yahoo! Finance
MENLO PARK, Calif. Oct. 22, 2024 CEO Commentary "Cyngn has made significant progress this year, aligning with the growing demand for autonomous utility vehicles in the industrial sector. These solutions are designed to help enterprises address labor shortages, manage costs, and improve safety," said Lior Tal , CEO of Cyngn. "Our primary focus is on intralogistics within manufacturing. Recently, we our first paid DriveMod Forklift deployment, the 12,000 lb. DriveMod Tugger at customer sites, and a commercial contract with a major automotive service equipment manufacturer. Additionally, we continue our dealer network, and secured our and U.S. patents. "The smart manufacturing market is predicted to grow from by 2032. As AI continues to shape industrial operations, we are building momentum with DriveMod and are focused on addressing key challenges in the sector through our autonomous solutions." Key Milestones and Achievements: Notable Deployments and Customer Contracts. Cyn
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CYN
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