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, già 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 funzionalità avanzate tra cui la conteggio dei pallet e la rilevazione di alloggiamenti per pallet non standard.
Cyngn Inc. (Nasdaq: CYN) anunció avances en su tecnología de visión por computadora patentada para máquinas industriales autónomas, impulsada por la computación acelerada de NVIDIA. El sistema DriveMod de la compañía, implementado con éxito en vehículos de fabricantes como BYD, Motrec y Columbia Vehicle Group, atiende a diversos clientes, incluyendo empresas de la lista Fortune 100. En colaboración con Arauco, que preordenó 100 montacargas DriveMod, Cyngn desarrolló características avanzadas que incluyen la enumeración de pilas de pallets y la detección de bolsillos para pallets no estándar.
Cyngn Inc. (Nasdaq: CYN)은 NVIDIA 가속 컴퓨팅으로 지원되는 산업 자율 머신을 위한 독점 컴퓨터 비전 기술의 발전을 발표했습니다. BYD, Motrec 및 Columbia Vehicle Group과 같은 제조업체의 차량에 성공적으로 구현된 회사의 DriveMod 시스템은 Fortune 100 기업을 포함한 다양한 고객에게 서비스를 제공합니다. Arauco와 협력하여 100개의 DriveMod 지게차를 미리 주문한 Cyngn은 팔레트 스택 집계 및 비표준 팔레트 포켓 감지를 포함한 고급 기능을 개발했습니다.
Cyngn Inc. (Nasdaq: CYN) a annoncé des avancées dans sa technologie de vision par ordinateur propriétaire pour les machines autonomes industrielles, propulsées par le calcul accéléré de NVIDIA. Le système DriveMod de l'entreprise, déjà mis en œuvre avec succès sur des véhicules 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 précommandé 100 chariots élévateurs DriveMod, Cyngn a développé des fonctionnalités avancées, y compris l'énumération des empilements de palettes et la détection de poches de palettes non standard.
Cyngn Inc. (Nasdaq: CYN) hat Fortschritte in seiner proprietären Computer Vision-Technologie für industrielle autonome Maschinen angekündigt, die durch die beschleunigte Berechnung von NVIDIA unterstützt 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 Zählung von Palettenstapeln und die Erkennung von nicht-standardmäßigen Palettenfächern.
- 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 BYD, Motrec, and Columbia Vehicle Group, catering to a diverse range of clients from private manufacturing and distribution companies to Fortune 100s like John Deere.
In collaboration with Arauco, which pre-ordered 100 DriveMod Forklifts 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 blog post.
"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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SOURCE Cyngn
FAQ
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