MENLO PARK, Calif., March 14, 2024 – Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) today announced its strategic partnership with RobotLAB, a premier robotics integrator that has deployed over 10,000 robots with customers across the globe. As a part of this partnership, RobotLAB will purchase ten fully-autonomous DriveMod Tuggers from Cyngn to establish an initial fleet for sale to end customers. The partnership paves the way for joint sales efforts that present exciting revenue growth opportunities for both companies.
This collaboration expands the Cyngn Dealer Network, aimed at accelerating the widespread adoption of Cyngn’s AI-powered autonomous vehicle solutions. With RobotLAB, Cyngn’s DriveMod Tuggers will be sold, deployed, and serviced at scale by a partner that has almost two decades of experience as a leading robotics specialists. RobotLAB recently announced its plans to further expand its scale by rolling out locations all across the country.
RobotLAB is already a trusted partner for leading brands, including being the premiere distributor for United Robotics Group’s NAO and Pepper humanoid robots since 2009, which boast more than 7,500 deployments as of 2023. Additionally, RobotLAB offers solutions from Bear Robotics and LG Robotics, further highlighting its expertise and extensive reach in the robotics industry.
“We are thrilled to be working with Cyngn to introduce the power of industrial automation and provide their innovative AI-powered DriveMod Tuggers to our nationwide network. As the demand for robots and AI adoption continues to rapidly grow, our collaboration brings incredible opportunities. This partnership not only enables us to diversify our offerings and strengthen our product offerings towards warehouse and logistics service companies,” said Elad Inbar, Founder and Chief Executive Officer of RobotLAB.
“Having successfully deployed more than 10,000 robots across the globe over the past decade, we have full confidence in RobotLAB’s ability to expand our commercial reach,” said Lior Tal, Chairman and Chief Executive Officer of Cyngn. “Their extensive presence across North America as a leading robotics specialist gives us access to broad customer bases. This is a perfect example of a complementary partnership that allows each company to leverage its strengths, with Cyngn bringing our AI and advanced autonomy technology and RobotLAB applying its technical expertise in applying AI and robotics with customers.”