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Investing.com -- Cyngn Inc. (NASDAQ:CYN) stock soared 130% after the autonomous vehicle technology company was featured in a blog post by NVIDIA (NASDAQ:NVDA).
The industrial automation firm was highlighted among select robotics innovators using NVIDIA’s Isaac platform to develop autonomous solutions for industrial applications. The mention comes ahead of Automatica 2025, a major trade fair for smart automation and robotics, where Cyngn will showcase its technology.
Cyngn’s autonomous industrial vehicles, which incorporate NVIDIA Isaac and the company’s proprietary DriveMod software, are currently deployed in commercial environments. The company’s solutions aim to reduce labor costs, increase operational throughput, and enhance safety for industrial organizations like manufacturers and logistics companies.
"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.
The company’s DriveMod technology enables customers to implement self-driving capabilities without significant upfront costs or infrastructure installations. Currently available on Motrec MT-160 Tuggers and BYD (SZ:002594) Forklifts, the DriveMod Tugger can haul up to 12,000 lbs and is designed to achieve a payback period of less than two years, according to the company.
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