MENLO
PARK, Calif., June 12,
2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) has
announced progress of its proprietary computer vision (CV)
technology for industrial autonomous machines, built on NVIDIA
accelerated computing. This announcement showcases the cutting-edge
capabilities of Cyngn's DriveMod solutions, highlighting how NVIDIA
hardware and CUDA acceleration libraries have enabled Cyngn to
develop differentiated self-driving features with artificial
intelligence (AI), CV, and localization and mapping.
The DriveMod system has been successfully deployed on material
handling vehicles from established manufacturers like BYD, Motrec,
and Columbia Vehicle Group, catering to a diverse range of clients
from private manufacturing and distribution companies to Fortune
100s like John Deere.
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
enumeration of the number of pallets in a tall stack and detection
of non-standard pallet pockets. For full details, see Cyngn's blog
post.
"Cyngn has been a part of the NVIDIA Inception program since our
early days working on AI technology," said Cyngn's Chairman and
Chief Executive Officer, Lior Tal.
"Seeing years of collaboration evolve from research and development
to deploying unique product features for end customers is not only
exciting, but it is also a testament to the power of NVIDIA's
cutting-edge technologies."
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
from 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).
Where to Find Cyngn
- Website: https://cyngn.com
- Twitter: http://twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Don Alvarez
investors@cyngn.com
Media Contact
Luke Renner
media@cyngn.com
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cyngn-highlights-its-proprietary-computer-vision-advancements-with-nvidia-accelerated-computing-302170340.html
SOURCE Cyngn