MENLO PARK, Calif., February 7, 2024 – Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), has announced the release of its Auto-unhitch capability, a hands-off solution for our industrial autonomous vehicles to drop off cargo. This new feature enables organizations to automate the entire tugging workflow, enhancing operational efficiency and bringing greater value to customers.
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Embedded within Enterprise Autonomy Suite (EAS), Cyngn's fleet management and analytics software, Auto-unhitch seamlessly integrates with customers’ existing workflows. With just a simple touch of a button, a DriveMod Tugger can autonomously navigate to a designated stop, unload cargo without relying on staff, and then return to a central staging area for the pickup of new carts. The operators' ability to activate this feature for any autonomous vehicle mission significantly enhances their capacity to streamline operational tasks while simultaneously addressing labor shortages.
“Implementing Auto-unhitch for our autonomous vehicle fleet represents a significant milestone in broadening our customer reach and catering to the diverse needs of businesses,” said Cyngn Chairman and Chief Executive Officer, Lior Tal. “This advancement plays a crucial role in realizing the vision of fully autonomous workflows, eliminating the need to manually unload inventory. This not only allows customers to significantly improve productivity by minimizing vehicle idle time between stations but also empowers operators to focus on more valuable responsibilities.”
Cyngn’s Auto-unhitch capabilities include:
Auto-unhitch represents one of many DriveMod-enabled skills that can help organizations revolutionize how work gets done. Recognizing that different companies have unique requirements, DriveMod offers a versatile set of capabilities, allowing businesses to tailor their autonomous solutions to not only specific environments, but also tasks. This flexibility ensures that Cyngn’s technology aligns seamlessly with the evolving needs of customers, providing a customizable end-to-end autonomous industrial vehicle solution.
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.
Natalie Russell, CFO
Luke Renner, Head of Marketing
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.
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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