Cyngn showcases autonomous vehicle tech with NVIDIA at Automatica

MOUNTAIN VIEW, Calif. - Cyngn Inc. (NASDAQ:CYN), a micro-cap autonomous vehicle technology company with a market capitalization of $7.27 million, is collaborating with NVIDIA at the Automatica 2025 robotics and automation showcase to demonstrate its autonomous vehicle technology for industrial applications, according to a company press release.

Cyngn was selected among several robotics innovators using NVIDIA’s Isaac platform to develop autonomous solutions for industrial environments. The company’s autonomous vehicles, powered by its proprietary DriveMod software and built on NVIDIA Isaac, are currently operating in commercial settings. According to InvestingPro data, analysts have set a $12 price target for the stock, suggesting significant upside potential despite the company’s current weak financial health score.

"This collaboration with NVIDIA helps reinforce our mission to build cutting-edge autonomous vehicles that deliver real-world ROI to industrial operators," said Lior Tal, CEO of Cyngn. While the company reported modest revenues of $0.41 million in the last twelve months, InvestingPro forecasts 11.5% revenue growth for FY2025.

Automatica 2025, described as the world’s leading trade fair for smart automation and robotics, provides a platform for showcasing AI-powered solutions in manufacturing and logistics.

Cyngn’s technology addresses industrial challenges including labor shortages and safety incidents. The company’s DriveMod Tugger can haul up to 12,000 lbs and operate both indoors and outdoors, while its DriveMod Forklift handles heavy loads with non-standard pallets.

The company states its technology allows industrial organizations to implement self-driving capabilities without significant upfront costs or infrastructure changes. Currently, DriveMod is available on Motrec MT-160 Tuggers and BYD Forklifts.

The information presented is based on a press release statement from Cyngn Inc.

In other recent news, Cyngn Inc. has made significant strides in expanding its intellectual property portfolio in the autonomous vehicle sector. The company received a notice of allowance for a new patent aimed at enhancing the modularity of sensor systems in industrial machines, titled "Modular Sensor System For Automated Guided Vehicles." This development is part of Cyngn’s broader strategy to scale its DriveMod solution and achieve technological differentiation. Additionally, Cyngn announced the issuance of its 22nd U.S. patent, "System and Methods of Off-Board Centric Autonomous Driving Computation." This patent introduces a cloud-based approach for operating autonomous vehicles, potentially reducing the need for heavy onboard computing hardware and making AVs more cost-effective. The new patent also includes fleet management functionality, allowing centralized coordination of multiple autonomous vehicles. These advancements highlight Cyngn’s commitment to innovation and its focus on providing practical solutions for industrial organizations. The company’s growing patent collection underscores its emphasis on modular and flexible autonomous vehicle systems.

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