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Stock impact report

Cyngn Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Cyngn Inc. (CYN) 
Company Research Source: Yahoo! Finance
Executed LOI to sell multiple DriveMod Tuggers to global automotive supplier. Successfully completed DriveMod Tugger Initial Deployment with a major defense contractor Hired Experienced Industrial Automation VP of Sales, Marty Petraitis Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities. Expanded its sales channels through Motrec dealers and 3rd party system integrators that combine for billions of dollars of robotics and material handling equipment annual sales. Secured its 20th and 21st U.S. Patent. Expanded DriveMod c apabilities to outdoor operations in response to demand. MENLO PARK, Calif. Nov. 6, 2024 /PRNewswire/ -- Cyngn (or the "Company") (Nasdaq: CYN), developer of industrial autonomous vehicles , today announced financial results for its third quarter, ended September 30, 2024 "Our third quarter marked meaningful additional commercial traction of our autonomous DriveMod technology," said Lior Tal , Cyngn CEO. "Building on the Show less Read more
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