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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 fundamental to every product we build at Cyngn, which
is reflected in the rigorously engineered design of our autonomous
technology stack. As we tap into new markets with each partnership,
we remain committed to upholding these high performance standards
through capabilities like 360-degree perception, designed to
safeguard employees and minimize the risk of costly incidents."
This announcement comes on the heels of two recent dealer
network expansions: the addition of RobotLab, a robotics company
with over 10,000 robots deployed, and Alta Equipment Group, which
boasts more than $1 billion in annual
sales. Looking ahead, Cyngn is dedicated to further growing
its dealer network by bringing on additional distribution and
integration partners.
"With our 35 years of expertise in textile manufacturing,
industrial cutting and sewing, and automotive industries, we're
excited to harness the tremendous opportunities presented by
Cyngn's DriveMod solution in meeting the growing demand for
advanced, safe robotic solutions," said Kevin Kennedy, Founder of Kennedy Robotics
AI.
About Cyngn
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 seamlessly
adopt self-driving technology into their operations without high
upfront costs or the need to completely replace existing vehicle
investments.
Cyngn's flagship product, its Enterprise Autonomy Suite,
includes DriveMod (autonomous vehicle system), Cyngn Insight
(customer-facing suite of AV fleet management, teleoperation, and
analytics tools), and Cyngn Evolve (internal toolkit that enables
Cyngn to leverage data from the field for artificial intelligence,
simulation, and modeling).
Find Cyngn on:
- Website: https://cyngn.com
- Twitter: http://twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Don Alvarez
investors@cyngn.com
Media Contact:
Luke Renner
media@cyngn.com
About Kennedy Robotics AI, LLC.
KENNEDY ROBOTICS AI, LLC was established in 2024 as our
Autonomous Robotics Solutions division of KENNEDY SEWING and
CUTTING SUPPLY, LLC. They are introducing and deploying Autonomous
Robotic Solutions in Industry 4.0. Welcome to Industry 4.0,
creating a harmonious collaboration between humans and robots.
Through their close collaboration with their robotics partners and
their strategic partner integrators, they are preparing you and
your team for a bright and promising future in Industry 5.0.
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 7, 2024. 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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SOURCE Cyngn