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Cyngn Launches Infinitracker – A GPS Asset Tracker and IoT Gateway with 15-year Battery

Cyngn |

 

Menlo Park, CA, May 4, 2022. Cyngn (or the “Company”) (Nasdaq: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced the launch of Infinitracker, a global GPS asset-tracking device and Internet of things (“IoT”) data collection gateway with up to 15 years of battery life. The Infinitracker product aligns with Cyngn’s mission to create new data insights in industrial domains such as manufacturing, fulfillment, logistics, construction, and mining.

Infinitracker is designed to attach to anything you wish to track, such as shipping containers, pallets, equipment, or vehicles. Attaching Infinitracker to the asset will allow users to view its precise location, speed, temperature, and direction of travel. A significant upgrade to existing asset trackers, Infinitracker comes with a battery that lasts up to 15 years and can also collect data from other sensors via Bluetooth.

“As we continued to explore opportunities where Cyngn can provide substantial value for supply chain, logistics, and other industrial applications, it was immediately clear that Infinitracker is the perfect complement to our industrial vehicle autonomy and data analytics suite,” stated Lior Tal, Cyngn’s CEO.

“With today’s technology, there is no reason to have to spend time wondering about the location or condition of your inventory; global data should be visible to you in real-time. Infinitracker brings us a new level of asset visibility with its IoT gateway capabilities and 15-year ‘set-it-and-forget-it’ battery life. We are excited to introduce Infinitracker as yet another way our customers can benefit from additional data insights integrated into their operations.”

Using a global SIM card, Infinitracker pushes data to the cloud from its built-in sensors or tethered Bluetooth devices anywhere in the world. Users can access data analytics either through Cyngn’s Infinitracker web portal or integrate with other asset management systems via API.

Infinitracker is a new value-added product for the Company’s autonomous vehicle and Cyngn Insight clients and a simple, cost-effective means for new and potential clients to explore how the Cyngn Insight analytics platform can enhance an organization’s operations.


For more information, visit https://cyngn.com/infinitracker.

For more information, please contact:

Carolyne Sohn

Vice President, The Equity Group

csohn@equityny.com 

(415) 568-2255



Transcript:

In today’s economy, when you run a business, you run it —

Everywhere.

Don’t you wish you had an easy way to keep track — of all of this?

Introducing, Infinitracker.

Infinitracker is the world’s longest-lasting, set-it-and-forget-it asset tracker.

It uses an international SIM card to connect to GPS so it can go in this

— or this —

— on this —

— not to mention this —

To give you global visibility on everything that makes your business run — wherever your business is running.

Infinitracker comes loaded with key sensors. We're talking an accelerometer, to track speeds and a thermometer to track temperature, which means you’ll not only know where your stuff is but also whether it’s going to arrive in one piece.

Infinitracker also an IoT gateway. It connects to all sorts of Bluetooth devices to deliver even more information to you and your team.

The most important thing about Infinitracker? The battery lasts 15 years! That’s right. 15. And you never have to charge it. Like… ever.

Longest-lasting? Check.

Set-it-and-forget it? Well, you get the idea.

Infinitracker. Asset tracking to the ends of the earth with a battery that lasts 15 years.

Learn more at cyngn.com/infinitracker.

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).

Investor Contact:

Don Alvarez

Media Contact:

Luke Renner

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.

Cautionary Note. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.

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