Cyngn Secures its 23nd U.S. Patent: Modular Sensor System for Automated Guided Vehicles
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
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Cyngn's Patent Achievements: Since August 2023, Cyngn has been granted 13 additional patents, totaling 23 U.S. patents, including a new patent for a modular sensor system designed for autonomous vehicles that can be easily integrated with existing industrial machines.
Technological Advancements: The company's DriveMod technology aims to address challenges in the industrial sector, such as labor shortages and safety incidents, by providing cost-effective self-driving solutions for manufacturers and logistics companies.
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About CYN
Cyngn Inc. is an autonomous vehicle (AV) technology company that is focused on addressing industrial uses for autonomous vehicles. The Company integrates its full-stack autonomous driving software, DriveMod, into vehicles manufactured by an original equipment manufacturer either via retrofit of existing vehicles or by integration directly into vehicle assembly. It designs the Enterprise Autonomy Suite (EAS) to be compatible with sensors and components from hardware technology providers and integrates its proprietary Autonomous Vehicle (AV) software to produce differentiated autonomous vehicles. EAS is a suite of technologies and tools that is divided into three categories: DriveMod, Cyngn Insight, and Cyngn Evolve. DriveMod is a modular industrial vehicle autonomous driving software. Cyngn Insight is a customer-facing tool suite for monitoring and managing AV fleets and generating/aggregating/analyzing data. Cyngn Evolve is an internal tool suite.
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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