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Cyngn Joins John Deere Supply Base

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Cyngn Inc. has been selected to supply its DriveMod Tuggers for industrial automation to John Deere's operation in Dubuque, Iowa. Cyngn, a supplier of AI-powered autonomous vehicle and data solutions, expresses excitement to collaborate with Deere, a renowned technology producer. The partnership signifies validation for Cyngn's product offering from a leading brand in the industry.
Cyngn Inc. è stata scelta per fornire i suoi rimorchiatori DriveMod per l'automazione industriale alle operazioni di John Deere a Dubuque, Iowa. Cyngn, fornitore di soluzioni autonome per veicoli e dati basate sull'intelligenza artificiale, si dichiara entusiasta di collaborare con Deere, noto produttore tecnologico. La partnership rappresenta una conferma del valore dell'offerta di prodotti di Cyngn da parte di un marchio leader nel settore.
Cyngn Inc. ha sido seleccionada para suministrar sus Remolcadores DriveMod para la automatización industrial a las operaciones de John Deere en Dubuque, Iowa. Cyngn, un proveedor de soluciones de vehículos autónomos y datos impulsados por IA, expresa su emoción por colaborar con Deere, un reconocido productor de tecnología. La asociación significa una validación para la oferta de productos de Cyngn por parte de una marca líder en la industria.
Cyngn Inc.는 아이오와 주 더뷰크에 위치한 John Deere의 작업을 위해 산업 자동화용 DriveMod 터그보트를 공급하기로 선정되었습니다. AI 기반 자율 주행 차량 및 데이터 솔루션 공급업체인 Cyngn은 기술 생산으로 잘 알려진 Deere와 협력하게 되어 기쁘게 생각합니다. 이 파트너십은 업계 선도 브랜드로부터 Cyngn의 제품 제안이 인증되었음을 의미합니다.
Cyngn Inc. a été sélectionnée pour fournir ses Tracteurs DriveMod pour l'automatisation industrielle à l'opération de John Deere à Dubuque, Iowa. Cyngn, un fournisseur de solutions autonomes de véhicules et de données propulsées par l'IA, exprime son enthousiasme à collaborer avec Deere, un producteur de technologie renommé. Ce partenariat représente une validation de l'offre de produits de Cyngn par une marque de premier plan dans l'industrie.
Cyngn Inc. wurde ausgewählt, um seine DriveMod-Schlepper für die industrielle Automatisierung für John Deeres Betrieb in Dubuque, Iowa zu liefern. Cyngn, ein Anbieter von KI-gesteuerten autonomen Fahrzeug- und Datenlösungen, freut sich auf die Zusammenarbeit mit Deere, einem renommierten Technologiehersteller. Die Partnerschaft bestätigt den Wert des Produktangebots von Cyngn von einer führenden Marke in der Branche.
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The partnership between Cyngn and John Deere marks a significant stride for Cyngn in the autonomous vehicle supply chain. John Deere is a reputable player with a history of integrating innovative solutions into their machinery. This collaboration suggests that John Deere sees potential in Cyngn's DriveMod Tuggers for improving efficiency in its operations. The adoption of such technology can lead to notable cost savings over time and if Cyngn's products perform well, it may lead to further contracts not only with John Deere but with other companies in the industry looking for similar solutions. This could positively influence Cyngn's financial performance through increased sales, potentially leading to a rise in their stock price. However, the success of this partnership is contingent on the performance and reliability of the tuggers in a real-world industrial environment.

Industrial automation is a vital trend in manufacturing, aiming to increase productivity and reduce human error. Cyngn's inclusion in John Deere's supply base signifies an important validation of their autonomous vehicle technology, DriveMod Tuggers. The impact on stakeholders, particularly investors, hinges on the scalability and integration capabilities of Cyngn's solutions into John Deere's operations. Efficient deployment could serve as a case study for the broader application of autonomous vehicles in industrial settings. It's essential to monitor the roll-out and performance metrics such as downtime reduction and throughput improvements. A successful implementation could position Cyngn as a key player in the industrial automation sector, which is likely to expand as more companies seek technological advancements. Shareholders should pay attention to customer feedback from John Deere as an indicator of Cyngn's potential in the market.

MENLO PARK, Calif., April 23, 2024 /PRNewswire/ -- Cyngn Inc. ("Cyngn", NASDAQ: CYN) has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA.

"We are thrilled to be working with Deere, a company that has a long history of producing cutting-edge technology that yields amazing products for its customers," said Cyngn's Chairman and Chief Executive Officer, Lior Tal. "Our product offering achieves immense validation from being selected by a world-leading brand like Deere."

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:

Investor Contact:
Don Alvarez, CFO
investors@cyngn.com

Media Contact:
Luke Renner, Head of Marketing
media@cyngn.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cyngn-joins-john-deere-supply-base-302123835.html

SOURCE Cyngn

FAQ

What is Cyngn's ticker symbol?

Cyngn's ticker symbol is NASDAQ: CYN.

Where is Cyngn based?

Cyngn is based in Menlo Park, CA.

What product will Cyngn supply to John Deere?

Cyngn will supply its DriveMod Tuggers for industrial automation.

Who is Cyngn's Chairman and CEO?

Cyngn's Chairman and CEO is Lior Tal.

Which company is Cyngn partnering with for industrial automation?

Cyngn is partnering with John Deere.

Where is John Deere's operation located for this collaboration?

John Deere's operation for this collaboration is in Dubuque, Iowa.

Cyngn Inc.

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About CYN

very soon autonomous machines will be everywhere, in surprising places, exciting new form factors both unexpected and delightful. from our silicon valley labs, the cyngn team is bringing this world to life, animating the inanimate and delivering the future...now.