Cyngn's Next-Gen 12,000 lb. DriveMod Tugger Deploying With Customers, Including Commercial Contract With Major Automotive Equipment Manufacturer [Yahoo! Finance]
Cyngn Inc. (CYN)
Company Research
Source: Yahoo! Finance
Oct. 17, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced a commercial deployment of its next-generation , featuring a recent upgrade to 12,000-pound towing capacity, with a customer that is a major manufacturer of automotive service equipment. Furthermore, next-gen DriveMod Tuggers have been used in several pilot deployments with automotive and defense customers in recent weeks, highlighting continued traction in focal sectors that have been previously emphasized by Cyngn. These deployments not only underscore the growing commercial interest in Cyngn's AI-powered solutions but also highlight the Company's ability to efficiently bring autonomous vehicles online at diverse customer facilities across manufacturing and logistics. The production customer, a major manufacturer in the automotive service equipment space, is embarking on a multi-faceted strategy to adopt new industrial automation technologies. With evolving growth and production deman
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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