Cyngn Granted 19th U.S. Patent for its AI-Powered Autonomous Vehicle Technologies
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The recent announcement by Cyngn regarding the grant of 16 new patents in 2023, with a total of 19 US patents, signifies a robust intellectual property portfolio that could enhance the company's competitive edge in the autonomous driving solutions market. The focus on AI-powered autonomous driving for industrial applications is a burgeoning field with significant growth potential, given the increasing demand for automation and efficiency in sectors such as logistics, manufacturing and agriculture.
From a market research perspective, the expansion of Cyngn's patent portfolio, particularly in areas such as large-scale autonomous driving validation and adaptive traffic rule-based decision-making, suggests an emphasis on safety and adaptability. These are critical factors for the adoption of autonomous technology in industrial settings, where reliability and compliance with various operational environments are paramount. The market impact of these patents could be substantial if they lead to unique features or capabilities that differentiate Cyngn's products from competitors, potentially leading to increased market share and revenue streams.
Intellectual property, such as patents, can be a significant driver of shareholder value, especially in high-tech industries where innovation is a key differentiator. Cyngn's recent increase in patent holdings may be viewed positively by investors as an indicator of the company's commitment to innovation and potential future revenue through licensing deals or strategic partnerships. This could influence the company's stock performance, as patents can protect market share and enable pricing power.
However, it's important to note that the monetization of these patents depends on their commercial viability and the company's execution in bringing related products to market. Investors should monitor how these patents translate into marketable solutions and the subsequent market adoption. The long-term financial impact will also depend on the company's ability to manage R&D costs while scaling operations to meet demand.
The acquisition of multiple patents in a short period is a clear indicator of a company's proactive legal strategy to safeguard its technological advancements. Cyngn's recent patents, particularly in the niche area of autonomous driving solutions for industrial applications, not only protect its inventions but also create barriers to entry for competitors. This legal fortification can be crucial in preventing patent infringement disputes, which are common in the tech industry.
Additionally, the patents may provide leverage in potential negotiations, collaborations, or litigation. It is essential for stakeholders to understand that while patents are a form of intellectual property protection, they also require maintenance fees and legal diligence to enforce, which can impact a company's financials and operations.
Cyngn has been granted 16 patents in 2023, bringing the total US patents granted to 19
"I am pleased with the remarkable progress and pace of innovation our technology team has achieved as this latest patent expands our total number of
Cyngn aims to provide its customers with advanced automation via its DriveMod autonomous vehicle solutions that leverage state-of-the-art sensors and AI to produce humanlike driving capabilities across multiple vehicle types without requiring site infrastructure overhauls.
This additional patent comes on the heels of the Company's announcement of the procurement of patent 18, which protects Cyngn's novel adaptive traffic rule-based decision making for autonomous driving.
Cyngn's patent family is comprised of the following granted patents:
Patent Number | Title | Publication |
US-11,851,074-B2 | SYSTEM AND METHODS OF LARGE-SCALE AUTONOMOUS DRIVING VALIDATION | 12/26/2023 |
US-11,837,090-B2 | SYSTEM AND METHODS OF ADAPTIVE TRAFFIC RULE-BASED DECISION MAKING FOR AUTONOMOUS DRIVING | 12/5/2023 |
US-11,837,089-B2 | MODULAR EXTENSIBLE BEHAVIORAL DECISION SYSTEM FOR AUTONOMOUS DRIVING | 12/5/2023 |
US-11,767,034-B2 | SYSTEM AND METHOD OF COMPUTATION ACCELERATION FOR AUTONOMOUS DRIVING SYSTEMS | 9/26/2023 |
US-11,760,368-B2 | SYSTEM AND METHOD OF SAME-LOOP ADAPTIVE SIMULATION FOR AUTONOMOUS DRIVING | 9/19/2023 |
US-11,747,454-B2 | GRANULARITY-FLEXIBLE EXISTENCE-BASED OBJECT DETECTION | 9/5/2023 |
US-11,745,762-B2 | SYSTEM AND METHODS OF ADAPTIVE TRAJECTORY PREDICTION FOR AUTONOMOUS DRIVING | 9/5/2023 |
US-11,745,747-B2 | SYSTEM AND METHOD OF ADAPTIVE DISTRIBUTION OF AUTONOMOUS DRIVING COMPUTATIONS | 9/5/2023 |
US-11,745,750-B2 | SYSTEM AND METHOD OF LARGE-SCALE AUTOMATIC GRADING IN AUTONOMOUS DRIVING USING A DOMAIN-SPECIFIC LANGUAGE | 9/5/2023 |
US-11,679,726-B2 | VEHICLE SENSOR SYSTEMS | 6/20/2023 |
US-11,673,577-B2 | SYSTEM AND METHODS OF ADAPTIVE RELEVANCY PREDICTION FOR AUTONOMOUS DRIVING | 6/13/2023 |
US-11,668,833-B2 | OBSTACLE DETECTION SYSTEMS | 6/6/2023 |
US-11,651,583-B2 | MULTI-CHANNEL OBJECT MATCHING | 5/16/2023 |
US-11,614,527-B2 | SELF-ADAPTIVE LIDAR-CAMERA SYNCHRONIZATION SYSTEM | 3/28/2023 |
US-11,592,565-B2 | FLEXIBLE MULTI-CHANNEL FUSION PERCEPTION | 2/28/2023 |
US-11,555,928-B2 | THREE-DIMENSIONAL OBJECT DETECTION WITH GROUND REMOVAL INTELLIGENCE | 1/17/2023 |
US-11,372,115-B2 | VEHICLE LOCALIZATION | 6/28/2022 |
US-11,186,234-B2 | VEHICLE SENSOR SYSTEMS | 11/30/2021 |
US-11,169,271-B2 | OBSTACLE DETECTION SYSTEMS | 11/9/2021 |
For a comprehensive view of Cyngn's patents focused on modularity and flexibility of autonomous vehicle systems with multiple sensor modalities and configurations, please visit the USPTO.
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
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 SEC, including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 17, 2023. 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.
Investor/Media Contact: Bill Ong, bill@cyngn.com; 650-204-1551
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SOURCE Cyngn
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