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Cyngn Publishes White Paper Highlighting the Case for Autonomous Industrial Vehicles in the Future of Manufacturing

Cyngn releases a white paper that examines the critical role autonomous industrial vehicles play in the future of manufacturing.

Cyngn |

MENLO PARK, Calif. Cyngn (or the “Company”) (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced the release of a white paper that examines the critical role autonomous industrial vehicles play in the future of manufacturing.

Citing various published sources, the white paper highlights the benefits autonomous vehicles provide for manufacturers, such as increased throughput, improved safety, reduced costs, and solutions to labor shortages.

Allowing skilled workers to concentrate their efforts on tasks that utilize their expertise not only drives productivity but allows businesses to scale to meet increasing demands. Skilled workers often spend a large percentage of their day moving goods from one part of the warehouse to another, a task that could easily and reliably be reassigned to autonomous vehicles.

Key takeaways from Cyngn’s white paper:

  1. Increase productivity - Industrial vehicle automation can produce operational efficiency gains of upwards of 50%.
  2. Address labor shortages - By allocating mundane, repetitive tasks to autonomous vehicles, workers can focus on value-added, skilled job functions, further improving productivity.
  3. Scalability - Autonomy allows companies to have a flexible infrastructure and, in turn, efficiently scale their operations relative to increased demand.

To download a complimentary copy of the white paper, click HERE.

Contact:

Carolyne Sohn
Vice President, The Equity Group
csohn@equityny.com
(415) 568-2255

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.

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 6, 2025. 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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