https://vimeo.com/cyngn/motrec-90-seconds?share=copy
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PARK, Calif., March 11,
2024 /PRNewswire/ -- Cyngn Inc. (the
"Company" or "Cyngn") (Nasdaq: CYN) is excited to share the
first-ever video footage of our latest innovation: the AI-powered
DriveMod Tugger. Designed for automating repetitive hauling
workflows such as transferring finished goods or delivering
supplies, this cutting-edge innovation marks a significant
milestone in the integration of Cyngn's DriveMod technology with
the MT-160 tow tractor from Motrec International Inc.
VIDEO: SEE THE DRIVEMOD TUGGER IN ACTION
Cyngn will also showcase a DriveMod Tugger for the very first
time at MODEX 2024, one of the largest premier material handling
trade shows. Cyngn is attending alongside Motrec from March 11 to 14, in Atlanta, Georgia. The companies will exhibit
the vehicle at Booth A13913, located in the Transportation and
Logistics Solution Center in Hall A.
If you'd like to meet with Cyngn while at MODEX 2024, visit
https://www.cyngn.com/contact.
This first look video is a part of a previously announced
partnership with Motrec to launch an industry-leading autonomous
tugger, which boasts a 57-inch turn radius, a robust 6,000-pound
towing capacity, and auto-unhitching capabilities. A motor
controller upgrade is in progress that will increase the towing
capacity to 12,000 pounds in the coming months.
The powerful material handling vehicles offered by Motrec, a
globally recognized manufacturer of industrial vehicles, combined
with Cyngn's advanced AI-driven autonomous technology, DriveMod,
enable organizations to improve goods transportation
cost-effectively and safely.
By integrating Cyngn's DriveMod technology for advanced
autonomous operation, the DriveMod Tugger includes a range of
valuable features for customers:
- Multi-layer perception. Leverages DriveMods 360-degree
robust methodology for detecting and classifying objects and
obstacles that includes AI models, existence-based detection, and
an emergency braking system.
- Data analytics with Cyngn Insight. DriveMod Kit
introduces sensors to log operational data that customers can
access through Cyngn Insight's cloud-based dashboards to
continually improve how they get work done.
- Lighting System. Communicates the vehicle's actions to
nearby employees.
- Dual Displays. Allow employees working alongside the
vehicles to command their DriveMod Tuggers through on-vehicle
interfaces.
- Manual Mode. Enables
operators to switch between autonomous and manual modes to complete
ad hoc jobs.
- Robust Towing. Tow multiple carts, totaling up to 6,000
pounds (with upgrade to 12,000 pounds expected later this
year).
- Auto-Unhitch Capabilities. Eliminate the need for human
intervention when releasing towed carts, creating flexibility for
material handling employees by removing the requirement to meet
vehicles at destinations for unloading.
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 7, 2024. 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.
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SOURCE Cyngn