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Cyngn Signs Contract to Deploy DriveMod Tugger at a Major Consumer Packaged Goods Company

Cyngn announced that it will be deploying its DriveMod Tugger at a major Consumer Packaged Goods (CPG) distribution company.

Cyngn |

MENLO PARK, Calif., January 28th, 2025 – Today, Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) announced that it will be deploying its DriveMod Tugger at a major Consumer Packaged Goods (CPG) distribution company. This deployment reaffirms Cyngn’s expanding presence across manufacturing and distribution, highlighting the versatility of its Enterprise Autonomy Suite (“EAS”). This news comes just after Cyngn’s recent contract with a separate company in the automotive manufacturing space.

The CPG distribution company—whose name is withheld for confidentiality—intends to integrate DriveMod Tuggers to enhance intra-facility logistics.

“This deployment marks another step in Cyngn’s mission to bring seamless automation to diverse industries,” said Lior Tal, CEO of Cyngn. “Only about a third of all CPG companies have robots on more than 50% of their lines, which is to say there is a lot of opportunity for growth in this industry. We’re excited to see our technology play a critical role in transforming the way goods move through facilities.”

The DriveMod Tuggers are powered by advanced AI and a robust suite of safety features, including 360° vision and collision avoidance systems, allowing them to navigate dynamic environments with precision. Integrated with Cyngn Insight, Cyngn’s fleet management and analytics platform, the DriveMod Tuggers enable real-time fleet monitoring and control, giving customers the ability to coordinate and optimize tasks efficiently.

As the CPG industry embraces automation, Cyngn remains committed to delivering scalable autonomous solutions that meet the unique needs of modern distribution and logistics environments. For more information on Cyngn’s DriveMod Tuggers and other autonomous vehicle solutions, visit https://www.cyngn.com/vehicles/autonomous-tugger.

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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