NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ:CYN).About Cyngn Inc.Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce. Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamles

Cyngn has announced progress of its proprietary computer vision (CV) technology for industrial autonomous machines, built on NVIDIA accelerated computing. MENLO PARK, Calif., Nov. 7, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) has announced progress of its proprietary computer vision (CV) technology for industrial autonomous machines, built on NVIDIA accelerated computing. This announcement showcases the cutting-edge capabilities of Cyngn's DriveMod solutions, highlighting how NVIDIA hardware and CUDA acceleration libraries have enabled Cyngn to develop differentiated self-driving features with artificial intelligence (AI), CV, and localization and mapping.

 Recent Operating Highlights: Executed its first paid DriveMod Forklift Deployment.Signed a commercial contract with a major automotive service equipment manufacturer.Executed LOI to sell multiple DriveMod Tuggers to global automotive supplier.Successfully completed DriveMod Tugger Initial Deployment with a major defense contractor.Hired Experienced Industrial Automation VP of Sales, Marty Petraitis.Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities.Expanded its sales channels through Motrec dealers and 3rd party system integrators that combine for billions of dollars of robotics and material handling equipment annual sales.Secured its 20th and 21st U.S. Patent.

MENLO PARK, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Cyngn Inc. (NASDAQ:CYN) announced that Marty Petraitis is joining Cyngn as Vice President of Sales. Petraitis brings over two decades of leadership experience in scaling revenue within technology-driven sectors, including automation, SaaS, and manufacturing systems. In this role, Petraitis will oversee Cyngn's global sales strategy, market expansion, and the adoption of Cyngn's Enterprise Autonomy Suite (EAS) by new organizations. "Marty is known for his ability to transform sales organizations through value-based strateg

MENLO PARK, Calif., Nov. 1, 2024 /PRNewswire/ -- Today, Cyngn Inc. (NASDAQ:CYN) announced that it successfully deployed its DriveMod Tugger at a defense contractor's facility. While details are not being disclosed for security reasons, the engagement highlights the applicability of Cyngn's autonomous vehicle technology to address the rigorous operational needs of defense industry manufacturing applications, which can be particularly stringent work environments with high associated costs. The aerospace and defense industry continues to be a significant economic force in the Uni

MENLO PARK, Calif., Oct. 31, 2024 /PRNewswire/ -- Today, Cyngn announced that it has received a signed Letter of Intent (LOI) from a major automotive supplier to sell and deploy multiple DriveMod Tuggers in early 2025. This achievement demonstrates Cyngn's continued traction with its Enterprise Autonomy Suite ("EAS") automation solutions for heavy manufacturing industries. Just last week, Cyngn announced a new contract with a different automotive manufacturing customer. The automotive supplier—who remains unnamed due to confidentiality—will utilize the DriveMod Tuggers to stre

Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing. MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024, after the close of market.  In addition, the Company today announced that despite having been notified by the SEC that they had no further comments on the Reg A filing that was originally filed on August 15, 2024, the Company has submitted a letter to the SEC withdrawing the Reg A filing

MENLO PARK, Calif., Oct. 25, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Kennedy Robotics AI, a provider of innovative autonomous robotics solutions. Kennedy Robotics will begin selling Cyngn's autonomous DriveMod Tugger, which bundles Cyngn's AV technology with Motrec's MT-160 vehicle. "We are excited to welcome Kennedy Robotics AI to our growing dealer network, bringing the DriveMod Tugger to even more businesses seeking reliable, safe, and innovative AV solutions," said Cyngn CEO, Lior Tal. "Safety is fundament

In recent weeks, Cyngn —  Executed its first paid DriveMod Forklift Deployment.Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities.Signed a commercial contract with a major automotive service equipment manufacturer.Expanded its dealer network, adding multiple sales channels that offer Motrec vehicles as well as other 3rd party system integrators.Secured its 20th and 21st US Patent.Announced DriveMod Tuggers capability to run missions outside.MENLO PARK, Calif., Oct. 22, 2024 /PRNewswire/ -- Today, Cyngn Inc. (NASDAQ:CYN) shared several company milestones and key achievements, including significant commercial progress, the expansion of its dealer network, and rece

MENLO PARK, Calif., Oct. 21 ,2024 /PRNewswire/ -- Today, Cyngn announced that its autonomous DriveMod Forklift has completed its first paid autonomous deployment at a customer facility, marking an important milestone in the commercialization of the next vehicle in Cyngn's Enterprise Autonomy Suite (EAS) portfolio. Built with an array of safety systems, including 360° high-definition perception and Cyngn's Virtual Bumper technology, the DriveMod Forklift safely navigates dynamic environments while attaining high operational precision. Details on this customer's forklift use cas

Aegis Capital initiated coverage of Cyngn with a rating of Buy and set a new price target of $13.00

MENLO PARK, Calif., Oct. 15, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Raymond West. A leading distributor and integrator of intralogistics solutions, Raymond West will begin selling Cyngn's autonomous DriveMod Tugger. The autonomous tugger integrates Cyngn's AV technology with Motrec's MT-160. "With 21 branches across the West Coast, Raymond West is an impressive company. It boasts more than $800 million in annual revenue — and we are excited to be able to add Cyngn's autonomous vehicles to their catalog," said

MENLO PARK, Calif., July 11, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Alta Equipment Group. The purveyor of both construction and material handling equipment will begin selling Cyngn's autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn's autonomous vehicle technology with Motrec's MT-160. "Alta has an impressive record of sales, and we are thrilled to have Cyngn's autonomous vehicles included in their catalog," said Lior Tal, CEO of Cyngn. "Motrec's industrial vehicles are renowned for their high tow

Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial applications, today announced the appointment of Bill Ong as Head of Corporate Planning and Strategy, and Ben Mimmack as Head of Investor Relations, signaling the company's commitment to Investor Relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005068/en/Bill Ong, Head of Planning & Strategy; Ben Mimmack, Head of Investor Relations at Cyngn (Graphic: Business Wire) Bill Ong brings nearly 40 years of background in investor relations, corporate finance, engineering, and Wall Street experi

Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced the appointment of Chris Wright as Head of Sales. Wright has over 30 years of experience in sales, bringing a wealth of knowledge and industry expertise in both robotics and manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230119005098/en/Cyngn Head of Sales: Chris Wright (Graphic: Business Wire) Chris Wright brings extensive experience and sales leadership in the robotics industry. Most notably, Wright served as Vice President of Sales from 20

Seasoned technology leader will help expand company's sales efforts MEDFORD, Ore., July 26, 2022 /PRNewswire/ --Today, Hunter Communications announced the appointment of IT industry veteran, Ehrika Gladden, to the company's board of directors. Gladden brings more than three decades of progressive executive leadership experience, managing IT and telecom divisions, and will aid in the development of Hunter's sales strategy and efforts to increase market penetration throughout Oregon. "I'm honored to welcome Ehrika to our board of directors," said Michael Wynschenk, CEO, Hunter C

Cyngn (NASDAQ:CYN) (the "Company"), a developer of innovative autonomous driving software solutions for industrial and commercial enterprises, today announced the appointment of Marc Brown as Vice President of Human Resources. Marc has over 20 years of experience in building high-performance, innovative teams and driving business results through people and integrated HR strategies at fast-growing global organizations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220121005518/en/Marc Brown joins Cyngn as its Vice President of Human Resources. Source: Cyngn Marc will play a critical role in supporting the Company's rapid growth a

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 Recent Operating Highlights: Executed its first paid DriveMod Forklift Deployment.Signed a commercial contract with a major automotive service equipment manufacturer.Executed LOI to sell multiple DriveMod Tuggers to global automotive supplier.Successfully completed DriveMod Tugger Initial Deployment with a major defense contractor.Hired Experienced Industrial Automation VP of Sales, Marty Petraitis.Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities.Expanded its sales channels through Motrec dealers and 3rd party system integrators that combine for billions of dollars of robotics and material handling equipment annual sales.Secured its 20th and 21st U.S. Patent.

Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing. MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024, after the close of market.  In addition, the Company today announced that despite having been notified by the SEC that they had no further comments on the Reg A filing that was originally filed on August 15, 2024, the Company has submitted a letter to the SEC withdrawing the Reg A filing

MENLO PARK, Calif., May 1, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal first quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024, after the close of market. The financial results will be available on the Cyngn website under "News & Events" at https://investors.cyngn.com/. The Company will not host an earnings call. About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing wo

MENLO PARK, Calif., Feb. 27, 2024 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its 2023 fourth quarter and year-end financial results for the period ended December 31, 2023, on Wednesday, March 6, 2024, after the close of market. The financial results will be available on the Cyngn website under "News & Events" at https://investors.cyngn.com/.  The Company will not host an earnings call. About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions a

MENLO PARK, Calif., Oct. 10, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently announced a pro rata 10% dividend of its common stock approved by its board of directors.  That announcement was made on the October 2, 2023 press release referenced here.  Cyngn stockholders should be aware of the following dates: October 20, 2023: Ex-Dividend Date1 October 23, 2023: Record Date2 October 30, 2023: Distribution Date3 Stockholders will receive one share of Cyngn common

MENLO PARK, Calif., Oct. 2, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that its board of directors has approved a pro rata 10% dividend of its common stock. The dividend will be paid on October 30, 2023 (the "Distribution Date") to all holders of record of the Company's common stock as of the close of business on October 23, 2023 (the "Record Date"). Stockholders will receive one share of Cyngn common stock for every ten shares of Cyngn common stock they hold on the Record Date.

Quarterly revenue of $0.6 million following successful achievement of milestones on autonomous vehicle development contracts MENLO PARK, Calif., Aug. 9, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal second quarter ended June 30, 2023. Recent Operating Announcements: Pre-order for 100 autonomous DriveMod Forklifts from Arauco - a global supplier of sustainable forestry products, paper pulp, and engineered w

MENLO PARK, Calif., July 25, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal second quarter 2023 financial results for the period ended June 30, 2023, on Wednesday, August 9, 2023, after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT.  A live webcast of the call will be available on the Cyngn website under "Events & Presentations" at  https://investors.cyngn.com/. A replay of the call will also

Quarterly revenue of $0.9 million from autonomous vehicle development contracts Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal first quarter ended March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510005259/en/Cyngn 1Q23 Earnings Release (Graphic: Business Wire) Recent Operating Highlights: Announced automated robotics sales veteran Chris Wright as Head of Sales Delivered autonomous vehicles to U.S Continental Inc., the first commercial deployment of the Co

Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal first quarter 2023 financial results for the period ended March 31, 2023, on Wednesday, May 10, 2023, after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT. A live webcast of the call will be available on the Cyngn website under "Events & Presentations" at https://investors.cyngn.com/. A replay of the call will also be available via this link. To participate via telephone: Toll-Free: 877-407-0890 International: 201-389-0918 About Cyngn Cyngn d

Cyngn's (NYSE:CYN) short percent of float has fallen 80.89% since its last report. The company recently reported that it has 2.83 million shares sold short, which is 2.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results. Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Charles Schwab shares dipped 7.5% to $69.42 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results. Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global l

U.S. stocks traded higher this morning, with the Dow Jones index rising more than 400 points on Tuesday. Following the market opening Tuesday, the Dow traded up 1% to 40,614.31 while the NASDAQ rose 0.14% to 18,498.00. The S&P 500 also rose, gaining, 0.33% to 5,649.84. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsIndustrials shares jumped by 1.2% on Tuesday. In trading on Tuesday, energy shares fell by 0.6%. Top Headline U.S. retail sales came in flat month-over-month for June compared to a revised 0.3% gain in the previous period. Equities Trading UP                     

Shares of Match Group, Inc. (NASDAQ:MTCH) rose sharply in today's pre-market trading. Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter. Match Group shares jumped 8% to $34.56 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Conduit Pharmaceuticals Inc. (NASDAQ:CDT) gained 89.8% to $0.4556 in pre-market trading after declining over 8% on Monday. Meiwu Technology Company Limited (NA

Shares of Cyngn Inc. (NASDAQ:CYN) moved higher Monday potentially following significant announcements last week. Here’s what you need to know. What happened: Last week, Cyngn received a notice of allowance for its 21st U.S. patent, introducing an adaptive decision-making method to enhance AV operations. This milestone underscores Cyngn’s dedication to advancing autonomous vehicle technology, building on its 16 U.S. patents secured in 2023. Additionally, Cyngn announced the expansion of its dealer network to include Alta Equipment Group, which will sell Cyngn’s autonomous DriveMod Tugger. This partnership leverages Alta’s extensive dealer coverage across North America, enhancing the dis

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener