Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing
Cyngn Inc. (Nasdaq: CYN) announced advancements in its proprietary computer vision technology for industrial autonomous machines, powered by NVIDIA accelerated computing. The company's DriveMod system, successfully implemented on vehicles from manufacturers like BYD, Motrec, and Columbia Vehicle Group, serves diverse clients including Fortune 100 companies. In collaboration with Arauco, which pre-ordered 100 DriveMod Forklifts, Cyngn developed advanced features including pallet stack enumeration and non-standard pallet pocket detection.
Cyngn Inc. (Nasdaq: CYN) ha annunciato progressi nella sua tecnologia proprietaria di visione artificiale per macchine autonome industriali, supportata dall'elaborazione accelerata di NVIDIA. Il sistema DriveMod dell'azienda, gi脿 implementato con successo su veicoli di produttori come BYD, Motrec e Columbia Vehicle Group, serve diverse aziende tra cui quelle della Fortune 100. In collaborazione con Arauco, che ha pre-ordinato 100 carrelli elevatori DriveMod, Cyngn ha sviluppato funzionalit脿 avanzate tra cui la conteggio dei pallet e la rilevazione di alloggiamenti per pallet non standard.
Cyngn Inc. (Nasdaq: CYN) anunci贸 avances en su tecnolog铆a de visi贸n por computadora patentada para m谩quinas industriales aut贸nomas, impulsada por la computaci贸n acelerada de NVIDIA. El sistema DriveMod de la compa帽铆a, implementado con 茅xito en veh铆culos de fabricantes como BYD, Motrec y Columbia Vehicle Group, atiende a diversos clientes, incluyendo empresas de la lista Fortune 100. En colaboraci贸n con Arauco, que preorden贸 100 montacargas DriveMod, Cyngn desarroll贸 caracter铆sticas avanzadas que incluyen la enumeraci贸n de pilas de pallets y la detecci贸n de bolsillos para pallets no est谩ndar.
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Cyngn Inc. (Nasdaq: CYN) a annonc茅 des avanc茅es dans sa technologie de vision par ordinateur propri茅taire pour les machines autonomes industrielles, propuls茅es par le calcul acc茅l茅r茅 de NVIDIA. Le syst猫me DriveMod de l'entreprise, d茅j脿 mis en 艙uvre avec succ猫s sur des v茅hicules de fabricants tels que BYD, Motrec et Columbia Vehicle Group, sert divers clients, y compris des entreprises Fortune 100. En collaboration avec Arauco, qui a pr茅command茅 100 chariots 茅l茅vateurs DriveMod, Cyngn a d茅velopp茅 des fonctionnalit茅s avanc茅es, y compris l'茅num茅ration des empilements de palettes et la d茅tection de poches de palettes non standard.
Cyngn Inc. (Nasdaq: CYN) hat Fortschritte in seiner propriet盲ren Computer Vision-Technologie f眉r industrielle autonome Maschinen angek眉ndigt, die durch die beschleunigte Berechnung von NVIDIA unterst眉tzt wird. Das System DriveMod des Unternehmens, das erfolgreich in Fahrzeugen von Herstellern wie BYD, Motrec und Columbia Vehicle Group implementiert wurde, bedient verschiedene Kunden, darunter Unternehmen der Fortune 100. In Zusammenarbeit mit Arauco, das 100 DriveMod-Gabelstapler vorbestellt hat, entwickelte Cyngn fortschrittliche Funktionen wie die Z盲hlung von Palettenstapeln und die Erkennung von nicht-standardm盲脽igen Palettenf盲chern.
- Pre-order of 100 DriveMod Forklifts from Arauco
- Successful deployment with major manufacturers (BYD, Motrec, Columbia Vehicle Group)
- Established relationships with Fortune 100 clients like John Deere
- None.
Insights
The collaboration with NVIDIA for computer vision technology represents a meaningful advancement in Cyngn's autonomous vehicle capabilities, particularly for industrial applications. The implementation of NVIDIA's accelerated computing and CUDA libraries significantly enhances DriveMod's ability to handle complex tasks like pallet stack counting and non-standard pallet detection. This technical achievement builds upon their existing
The integration with established manufacturers like BYD and deployment with major clients such as John Deere indicates strong market penetration potential. However, while technologically impressive, the immediate revenue impact remains uncertain without specific financial metrics or deployment timelines. The NVIDIA partnership provides a solid technological foundation but requires successful execution and market adoption to translate into meaningful financial returns.
Cyngn has announced progress of its proprietary computer vision (CV) technology for industrial autonomous machines, built on NVIDIA accelerated computing.
The DriveMod system has been successfully deployed on material handling vehicles from established manufacturers like , , and , catering to a diverse range of clients from private manufacturing and distribution companies to Fortune 100s like .
In collaboration with Arauco, which last summer, Cyngn leveraged NVIDIA technologies to introduce sophisticated features to advance the capabilities of autonomous machines in industrial settings. The DriveMod Forklift showcases exciting capabilities in computer vision, including enumeration of the number of pallets in a tall stack and detection of non-standard pallet pockets.
For full details, see Cyngn's .
"Cyngn has been a part of the NVIDIA Inception program since our early days working on AI technology," said Cyngn's Chairman and Chief Executive Officer, Lior Tal. "Seeing years of collaboration evolve from research and development to deploying unique product features for end customers is not only exciting, but it is also a testament to the power of NVIDIA's cutting-edge technologies."
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).
Where to find Cyngn:
- Website: cyngn.com
- Twitter: twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Don Alvarez, CFO
investors@cyngn.com
Media Contact:
Luke Renner, Head of Marketing
media@cyngn.com
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities 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. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.
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