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With more than $1bn in annual sales, Alta Equipment Group joins Cyngn's Dealer Network
Prnewswire· 2024-07-11 19:05
公司合作网络扩展 - Alta Equipment Group加入Cyngn的经销商网络,开始销售其自动驾驶DriveMod Tugger [1][7] - 此次合作基于在Cyngn门洛帕克总部成功举行的峰会,Alta的关键决策者亲身体验了公司的自主移动机器人 [8] - Cyngn计划未来通过增加更多分销和集成合作伙伴来继续扩大其经销商网络 [1] 公司产品与技术 - Cyngn为工业组织开发可扩展的差异化自动驾驶车辆技术,其自动驾驶解决方案旨在帮助现有劳动力提高生产力和效率 [4] - DriveMod Tugger将Cyngn的自动驾驶技术与Motrec的MT-160车辆相结合 [7] - DriveMod套件可安装在新工业车辆上或通过改装实现,使客户能够无缝采用自动驾驶技术,无需高昂的前期成本或完全更换现有车辆 [9] - 公司旗舰产品企业自动驾驶套件包括DriveMod(自动驾驶车辆系统)、Cyngn Insight(面向客户的自动驾驶车队管理、远程操作和分析工具集)和Cyngn Evolve(内部工具集,使公司能够利用现场数据进行人工智能、仿真和建模) [14] 合作方背景与评价 - Alta Equipment Group是北美最大的综合设备经销商平台之一,拥有超过85个地点,拥有40年运营历史 [11] - Cyngn首席执行官Lior Tal表示,Alta拥有令人印象深刻的销售记录,Motrec的工业车辆以其高牵引能力和可靠性著称 [10] - Motrec销售副总裁Marc Breton指出,自动驾驶工业车辆技术已在制造和物流设施中产生重大影响,市场对推出MT-160的自动化版本反应良好 [14] 公司发展里程碑 - 此次公告紧随Cyngn在2023年秋季实现的两个重要里程碑:推出DriveMod Tugger和Cyngn经销商网络 [3] - Cyngn经销商网络持续增长,近期新增了RobotLab,这是一家部署了超过10,000台机器人的机器人公司 [3]
Cyngn Receives Notice of Allowance for 21st U.S. Patent for its Adaptive Object-based Decision Making System
Prnewswire· 2024-07-09 19:05
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 ...
Cyngn Announces Reverse Stock Split
Prnewswire· 2024-07-02 19:00
The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on July 3, 2024. Cyngn expects the Company's Common Stock will begin trading on a post-split basis at the market open on July 5, 2024, under the symbol "CYN" with the new CUSIP number 23257B 206. The primary objective of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Additional i ...
Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing
Prnewswire· 2024-06-12 19:05
Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing In collaboration with Arauco, which pre-ordered 100 DriveMod Forklifts last summer, Cyngn leveraged NVIDIA technologies to introduce sophisticated features to advance the capabilities of autonomous machines in industrial settings. The DriveMod Forklift showcases exciting capabilities in computer vision, including enume ...
Shareholder Letter from Lior Tal, CEO at Cyngn Inc.
Prnewswire· 2024-05-31 19:05
While achieving the minimum bid price requirement organically is preferred, despite our best efforts, achievement of many commercial milestones and significant progress in 2024, to date, we have not been able to achieve this. Therefore, my recommendation to the Board of Directors and to you, the shareholders of Cyngn, is that we enable the option of the reverse stock split as a potential remedy for regaining the minimum bid compliance before the deadline. Voting to authorize this option is of vital importan ...
Cyngn Scales Up Commercialization of Autonomous Vehicle Solutions in First Quarter 2024
Prnewswire· 2024-05-16 19:05
MENLO PARK, Calif., May 16, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today shared several commercial and technological accomplishments from the first quarter of 2024, including valuable progress with renowned brands like John Deere and Rivian, the expansion of our distribution network, and key collaborations aimed at advancing our artificial intelligence and robotics technologies. As Cyngn progresses through 2024, the Company remains focused on scaling to capitalize on opport ...
Cyngn(CYN) - 2024 Q1 - Quarterly Report
2024-05-10 04:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-40932 CYNGN INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...
Cyngn(CYN) - 2024 Q1 - Quarterly Results
2024-05-10 04:32
收入和利润(同比) - 第一季度收入为5.5千美元,相比2023年同期的872.8千美元下降99.4%[7][15] - 净亏损为597万美元,相比2023年同期的562.9万美元扩大6.1%[7][15] - 每股净亏损为0.08美元,基于7710万股加权平均流通股[7][15] 成本和费用(同比) - 总成本和费用为600万美元,相比2023年同期的670万美元下降10.4%[7][15] - 研发费用为315.5万美元,相比2023年同期的303万美元增长4.1%[7][15] - 一般行政费用为270.3万美元,相比2023年同期的307.1万美元下降12.0%[7][15] - 应收账款成本为11.38万美元,相比2023年同期的61.67万美元下降81.5%[7][15] 现金和资本活动 - 现金及短期投资总额为480万美元,相比2023年末的820万美元下降41.5%[7][17] - 完成520万美元的公开发行,获得净收益460万美元[8] 人力资源 - 员工总数从2023年第一季度的73人增加到80人,增长9.6%[7]
Cyngn Announces Exercise and Closing of Underwriter's Over-Allotment Option
Prnewswire· 2024-05-04 00:00
MENLO PARK, Calif., May 3, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the underwriter of its previously announced firm commitment public offering has exercised its over-allotment option to purchase an additional 2,040,000 shares of common stock at a price of $0.10 per share. Total gross proceeds to the Company from the offering, including funds received from the prior c ...
Cyngn Announces Closing of $5.0 Million Firm Commitment Public Offering of Common Stock
Prnewswire· 2024-04-25 22:00
公开发行详情 - Cyngn公司在2024年4月25日宣布完成了公开发行,募集资金达500万美元[1] - Aegis Capital Corp.获得了45天的购买期权,以购买公开发行中15%的股票和预先融资的认股权证[2] - Cyngn公司计划将募集的净收益用于一般企业用途,包括营运资金[3] - Aegis Capital Corp.担任本次发行的唯一包销商,Sichenzia Ross Ference Carmel LLP担任公司的法律顾问[4]