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Cyngn Initiates Production Deployment with COATS, a Major North American Automotive Service Equipment Manufacturer

Cyngn announced the initiation of a production deployment with COATS Company, the largest full-line wheel service equipment manufacturer in North America.

Cyngn |

MENLO PARK, Calif., January 16th, 2025 – Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) today announced the initiation of a production deployment with COATS Company, the largest full-line wheel service equipment manufacturer in North America, boasting over 70 years of industry experience. The deployment of Cyngn’s DriveMod Tugger is underway at COATS’ 150,000+ square foot manufacturing facility in La Vergne, Tennessee.

This deployment will leverage Cyngn’s previously announced next-generation DriveMod Tugger, which features an increased towing capacity from 6,000 lbs to 12,000 lbs. By automating the delivery of wheel service components from its production lines, COATS will be able to enhance efficiency and further its innovation goals at the facility.

Steve Bergmeyer, Continuous Improvement and Quality Manager at COATS, said “Cyngn’s self-driving tugger was the perfect solution to support our strategy of advancing automation and incorporating scalable technology seamlessly into our operations. With its high load capacity, we can concentrate on increasing our ability to manage heavier components and bulk orders, driving greater efficiency, reducing costs, and accelerating delivery timelines.”

“We’re excited to be working with a major North American automotive service equipment manufacturer that’s trusted by wheels service professionals worldwide,” said Lior Tal, Chief Executive Officer at Cyngn. “This win highlights the growing commercial momentum behind our autonomous DriveMod products. We’re continuing to find a perfect fit with companies that do high-uptime heavy manufacturing, especially in the automotive sector where maximizing production efficiency is crucial.”

The automotive sector was one of the top adopters of industrial robotics in 2023, demonstrating the escalating need for advanced autonomous solutions. Cyngn’s ongoing progress with leading automotive manufacturers, including its initial DriveMod Tugger deployment with Rivian earlier this year, reflects the company's unwavering dedication to leveraging AI to drive innovation and unlock new efficiencies to meet the demands of today’s competitive manufacturing landscape.

About COATS

The COATS Company is a leading, global manufacturer and distributor of wheel service, alignment, inspection, lift, and shop productivity equipment. COATS engineers, manufactures, and builds equipment, accessories, and consumables for the automotive market. All our products are made with quality, durability, and usability in mind. We have a dedicated team of top-notch direct technicians across the United States to support our customers and their COATS equipment. We're proud to be made in Nashville, Tennessee while supplying equipment globally to our customers. Drawing on decades of expertise, market perspective, and innovative engineering, Coats keeps repair shops, tire dealers, big box retailers, and car dealerships rolling and ready for the next industry evolution.

About Cyngn

Cyngn builds and deploys Autonomous DriveMod Tuggers for industrial organizations. The Company addresses significant challenges facing industrial operations today, including labor shortages and costly safety incidents.

The Autonomous DriveMod Tugger automates the repetitive material handling routes that keep manufacturing and warehouse floors running, without high upfront costs or infrastructure installation, and targets a typical payback period of less than two years.

Through EasyLaunch™, the Company's deployment program, customers can put one tugger on a single route for one monthly payment, with no capital expenditure and no long-term commitment.

Investor Contact

Natalie Russell, CFO

Media Contact

Luke Renner, Head of Marketing

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 Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 26, 2026. 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.

Press Release Disclosure

This blog post is provided for informational purposes only and is being cross-posted from the investor relations site as a courtesy. In the event of a discrepancy between what you see here and what you will find the investor relations site, the latter version shall control. You may find that version here: https://investors.cyngn.com/press-releases.

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