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Cyngn Schedules 2021 Fourth Quarter and Year-End Financial Results Release and Conference Call

Cyngn will release financial results for the fourth quarter and year ended December 31, 2021.

Cyngn |

MENLO PARK, Calif. Cyngn (or the “Company”) (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial enterprises, today announced that it will release financial results for the fourth quarter and year ended December 31, 2021, after the close of the stock market on Wednesday, March 23, 2022. The Company will discuss those results in a conference call at 2 p.m. PT/5 p.m. ET that same day.

Participant Dial-in Numbers
U.S. & Canada (Toll-Free): (877) 407-9753
International (Toll): (201) 493-6739

To access the call, please dial in approximately five minutes before start time. The Company encourages all participants to also log into the live webcast as it expects to broadcast a short video showcasing its autonomous driving technology in action, customer interviews, long-term vision and more.

Webcast
The call will also be available via online webcast at the “Events & Presentations” page of Cyngn’s Investor Relations website by clicking here.

Those who are unable to attend the live conference call may access the recording shortly after the conclusion of the call at the above webcast link or at the “Investor Relations” page of the Company’s website (https://investors.cyngn.com/).

For more information, please 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.

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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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