Aegis Capital initiated coverage of Cyngn with a rating of Buy and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2021 | $13.00 | Buy | Aegis Capital |
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
Since August 2023, Cyngn has been granted twelve additional patents, bringing the total U.S. patents granted to 22. MENLO PARK, Calif., April 3, 2025 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) announced the official granting of a new patent, 12,246,733, for the Company's innovative autonomous vehicle (AV) solutions. The patent, System and Methods of Off-Board Centric Autonomous Driving Computation, introduces a cloud-based approach to autonomous vehicle operation, distributing computing tasks between the vehicle and the cloud to significantly reduce onb
MENLO PARK, Calif., March 13, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) (or the "Company") announced today that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq. "We are pleased to have met Nasdaq's listing requirements once again," said Lior Tal, CEO of
MENLO PARK, Calif., March 11, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced that it will be deploying its DriveMod Tugger at a global Fortune 500 automotive supplier. This milestone highlights Cyngn's growing proven ability to meet the unique demands of the automotive manufacturing industry and deliver innovative autonomous vehicle (AV) solutions. The automotive supplier company—whose name is withheld for confidentiality—intends to integrate DriveMod Tuggers to automate the transfer of finished goods. Cyngn's solutions continue to provide value within the sector
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Recent Operating Highlights: Cyngn received approximately $1.3M of new bookings for DriveMod vehicles from direct sales during Q4-2024Cyngn Signed Contract to Deploy DriveMod Tugger at a Major Consumer Packaged Goods CompanyCyngn Announced Multiple Deployments at Major Automotive Brands, including Coats.Cyngn Raised $33m in December to Scale Customer Deployments and Fuel Its GrowthCyngn Highlighted its Proprietary Computer Vision Advancements with NVIDIA Accelerated ComputingCyngn Hired Marty Petraitis, a veteran of Industrial Automation, as VP of Sales.Cyngn Successfully Completed Initial Deployment of Its DriveMod Tugger at a Major Defense ContractorCyngn Completed First Paid DriveMod For
MENLO PARK, Calif., Feb. 26, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its 2024 fourth quarter and year-end financial results for the period ended December 31, 2024, on Wednesday, March 5, 2025, 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
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.
Aegis Capital initiated coverage of Cyngn with a rating of Buy and set a new price target of $13.00
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10-K - Cyngn Inc. (0001874097) (Filer)
8-K - Cyngn Inc. (0001874097) (Filer)