Cyngn Inc. today announced an agreement with a Fortune 100 heavy equipment manufacturer to deploy DriveMod Stockchasers in its North American factory, starting in the coming weeks. The Menlo Park, Calif.-based company said the manufacturer, which declined to be named, is its largest customer to date.
“This contract is another in a string of major successes for us—each of which proves autonomous vehicles for industrial applications are here to stay,” said Lior Tal, CEO of Cyngn, in a release. “Our new customers are proud of their autonomous vehicle adoption, as it conveys their forward thinking and focus on safety and sustainability.”
“Our technology is viewed as a significant competitive advantage, especially among the industry leaders with whom our solutions are gaining traction,” he added. “This often requires us to work confidentially with these customers, helping them carve out their leadership position. We are respecting that confidentiality and look forward to making more detailed announcements based on the timing that works for this and future key customers.”
Marking DriveMod Stockchaser milestone
Cyngn said the deployment of its autonomous tugger will assist in the towing of heavy cargo for parts distribution at one of the customer's manufacturing facilities. The company added that its autonomous vehicles (AVs) will help address labor shortages and improve safety and efficiency.
While the customer has long been a leader in helping its own customers accomplish their safety and sustainability goals, this order will help it take significant steps towards achieving its own goals, noted Cyngn.
The initial stock-chaser order demonstrates Cyngn’s ability to capture the growing industry demand for autonomous industrial vehicles, asserted the company. It noted that the deal has the potential to add more vehicles at the customer's main and other facilities.
Cyngn added that its proprietary artificial intelligence enables the customer is addressing the challenge of automating the complicated but necessary tasks required for efficient heavy equipment manufacturing.
About Cyngn
Cyngn said it develops and deploys scalable, differentiated AV technology to help existing workforces to increase productivity and efficiency. The company claimed that it addresses significant challenges currently facing industry, such as labor shortages, costly safety incidents, and increased consumer demand for e-commerce.
The DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments, said Cyngn.
Cyngn’s flagship product, its Enterprise Autonomy Suite, includes the DriveMod autonomous vehicle system; the Cyngn Insight customer-facing suite of AV fleet management, teleoperation, and analytics tools; and the Cyngn Evolve internal toolkit that enables Cyngn to use data from the field for AI, simulation, and modeling.
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