MENLO
PARK, Calif., Feb. 7, 2024
/PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq:
CYN), has announced the release of its Auto-unhitch capability, a
hands-off solution for our industrial autonomous vehicles to drop
off cargo. This new feature enables organizations to automate the
entire tugging workflow, enhancing operational efficiency and
bringing greater value to customers.
To tap into the power of automated workflows, please reach
out.
Embedded within Enterprise Autonomy Suite (EAS), Cyngn's fleet
management and analytics software, Auto-unhitch seamlessly
integrates with customers' existing workflows. With just a simple
touch of a button, a DriveMod Tugger can autonomously navigate to a
designated stop, unload cargo without relying on staff, and then
return to a central staging area for the pickup of new carts. The
operators' ability to activate this feature for any autonomous
vehicle mission significantly enhances their capacity to streamline
operational tasks while simultaneously addressing labor
shortages.
"Implementing Auto-unhitch for our autonomous vehicle fleet
represents a significant milestone in broadening our customer reach
and catering to the diverse needs of businesses," said Cyngn
Chairman and Chief Executive Officer, Lior
Tal. "This advancement plays a crucial role in realizing the
vision of fully autonomous workflows, eliminating the need to
manually unload inventory. This not only allows customers to
significantly improve productivity by minimizing vehicle idle time
between stations but also empowers operators to focus on more
valuable responsibilities."
Cyngn's Auto-unhitch capabilities include:
- Seamless Integration: Allows operators to incorporate
automatic unhitching into existing workflows, which can be
programmed before the shift begins.
- Safety Features: Includes audible tones and an on-screen
alert to notify employees before the vehicle automatically
unhitches cargo.
- Manual Mode: An
on-vehicle toggle switch easily enables operators to manually open
or close the hitch on their own.
Auto-unhitch represents one of many DriveMod-enabled skills that
can help organizations revolutionize how work gets done.
Recognizing that different companies have unique requirements,
DriveMod offers a versatile set of capabilities, allowing
businesses to tailor their autonomous solutions to not only
specific environments, but also tasks. This flexibility ensures
that Cyngn's technology aligns seamlessly with the evolving needs
of customers, providing a customizable end-to-end autonomous
industrial vehicle solution.
About Cyngn
Cyngn develops and deploys scalable,
differentiated autonomous vehicle technology for industrial
organizations. Cyngn's self-driving solutions allow existing
workforces to increase productivity and efficiency. The Company
addresses significant challenges facing industrial organizations
today, such as labor shortages, costly safety incidents, and
increased consumer demand for eCommerce.
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 that enables
Cyngn to leverage data from the field for artificial intelligence,
simulation, and modeling).
Find Cyngn on:
- Website: https://cyngn.com
- Twitter: https://twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor/Media Contact: Bill
Ong, bill@cyngn.com; 650-204-1551
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Any
statement that is not historical in nature is a forward-looking
statement and may be identified by the use of words and phrases
such as "expects," "anticipates," "believes," "will," "will likely
result," "will continue," "plans to," "potential," "promising," and
similar expressions. These statements are based on management's
current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual
results to differ materially from those described in the
forward-looking statements, including the risk factors described
from time to time in the Company's reports to the SEC, including,
without limitation the risk factors discussed in the Company's
annual report on Form 10-K filed with the SEC on March 17, 2023. Readers are cautioned that it is
not possible to predict or identify all the risks, uncertainties
and other factors that may affect future results No forward-looking
statement can be guaranteed, and actual results may differ
materially from those projected. Cyngn undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future events, or otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cyngn-releases-hands-off-automatic-unhitching-capabilities-for-industrial-autonomous-vehicles-302055681.html
SOURCE Cyngn