MENLO PARK, CA – April 9, 2024 – (Motor Sports NewsWire) – Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), today announced its initial deployment with Polaris Inc. (“Polaris), a Fortune 500 industry leader in powersports that boasted $8.9 billion in sales in 2023. The deployment brings the DriveMod Tugger to Polaris’ Madison, Alabama manufacturing facility, enabling chains of multiple carts containing vehicle frames and components to be towed autonomously.
“Deploying with Polaris reflects our continued traction in the automotive and vehicle manufacturing sectors,” said Lior Tal, Cyngn’s Chairman and Chief Executive Officer. “Polaris is a well-known brand for various offroad vehicles that we would often think of as DriveMod integration targets for Cyngn, so we are excited at the product validation that comes from a leading OEM applying Cyngn technology to its own vehicle manufacturing processes.”
Polaris extends its reach to over 100 countries worldwide, showcasing a robust portfolio that features over 35 best-in-class brands. Polaris boasts an extensive production footprint, with its output leaning heavily on industrial vehicles like tuggers, moving material across its 20 manufacturing facilities. This presents a significant opportunity to automate additional tasks for efficient manufacturing and establish a resiliency to the challenging labor market.
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).
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