Cyngn Receives Notice of Allowance for 20th U.S. Patent for its AI-Powered Autonomous Vehicle Solutions

Rhea-AI Summary

Cyngn Inc. receives a Notice of Allowance for its 20th U.S. patent, 17/812,072, for AI-Powered Autonomous Vehicle Solutions. The patent covers the generation of a compensated environmental model to address challenges in sensor data collection. This marks a step forward in Cyngn's patent application process, strengthening its intellectual property portfolio.

MENLO PARK, Calif., April 16, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the notice of allowance for a new patent, 17/812,072, for the Company's autonomous vehicle (AV) solutions. This patent covers the generation of a compensated environmental model by applying methods to address challenges that arise from using sensors that are in motion while collecting data and the inherent processing delay that exists between sensing and generating an environmental model.

"Receiving a Notice of Allowance for our 20th U.S. patent is a testament to Cyngn's relentless pursuit of innovation in autonomous vehicle solutions." said Cyngn's Chairman and Chief Executive Officer, Lior Tal. "In 2023, we were granted 16 U.S. patents. This is a continuation of our effort that exemplifies our strong technical team."

A Notice of Allowance marks a step forward in the patent application process for this invention of Adaptive Motion Compensation of Perception Channels. Upon completion, this patent will strengthen Cyngn's intellectual property portfolio.

This patent allowance follows the Company's earlier announcement of the issuance of patent 19.

Cyngn's patent family is comprised of the following patents:

Patent Number	Title	Publication Date
US-11,851,074-B2	SYSTEM AND METHODS OF LARGE-SCALE AUTONOMOUS DRIVING VALIDATION	12/26/2023
US-11,837,090-B2	SYSTEM AND METHODS OF ADAPTIVE TRAFFIC RULE-BASED DECISION MAKING FOR AUTONOMOUS DRIVING	12/5/2023
US-11,837,089-B2	MODULAR EXTENSIBLE BEHAVIORAL DECISION SYSTEM FOR AUTONOMOUS DRIVING	12/5/2023
US-11,767,034-B2	SYSTEM AND METHOD OF COMPUTATION ACCELERATION FOR AUTONOMOUS DRIVING SYSTEMS	9/26/2023
US-11,760,368-B2	SYSTEM AND METHOD OF SAME-LOOP ADAPTIVE SIMULATION FOR AUTONOMOUS DRIVING	9/19/2023
US-11,747,454-B2	GRANULARITY-FLEXIBLE EXISTENCE-BASED OBJECT DETECTION	9/5/2023
US-11,745,762-B2	SYSTEM AND METHODS OF ADAPTIVE TRAJECTORY PREDICTION FOR AUTONOMOUS DRIVING	9/5/2023
US-11,745,747-B2	SYSTEM AND METHOD OF ADAPTIVE DISTRIBUTION OF AUTONOMOUS DRIVING COMPUTATIONS	9/5/2023
US-11,745,750-B2	SYSTEM AND METHOD OF LARGE-SCALE AUTOMATIC GRADING IN AUTONOMOUS DRIVING USING A DOMAIN-SPECIFIC LANGUAGE	9/5/2023
US-11,679,726-B2	VEHICLE SENSOR SYSTEMS	6/20/2023
US-11,673,577-B2	SYSTEM AND METHODS OF ADAPTIVE RELEVANCY PREDICTION FOR AUTONOMOUS DRIVING	6/13/2023
US-11,668,833-B2	OBSTACLE DETECTION SYSTEMS	6/6/2023
US-11,651,583-B2	MULTI-CHANNEL OBJECT MATCHING	5/16/2023
US-11,614,527-B2	SELF-ADAPTIVE LIDAR-CAMERA SYNCHRONIZATION SYSTEM	3/28/2023
US-11,592,565-B2	FLEXIBLE MULTI-CHANNEL FUSION PERCEPTION	2/28/2023
US-11,555,928-B2	THREE-DIMENSIONAL OBJECT DETECTION WITH GROUND REMOVAL INTELLIGENCE	1/17/2023
US-11,372,115-B2	VEHICLE LOCALIZATION	6/28/2022
US-11,186,234-B2	VEHICLE SENSOR SYSTEMS	11/30/2021
US-11,169,271-B2	OBSTACLE DETECTION SYSTEMS	11/9/2021

For a comprehensive view of Cyngn's patents focused on modularity and flexibility of autonomous vehicle systems with multiple sensor modalities and configurations, please visit the USPTO.

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).

Find Cyngn on:

• Website: https://cyngn.com
• Twitter: https://twitter.com/cyngn
• LinkedIn: https://www.linkedin.com/company/cyngn
• YouTube: https://www.youtube.com/@cyngnhq

Investor Contact:
Don Alvarez
investors@cyngn.com

Media Contact:
Luke Renner
media@cyngn.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the 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.

 

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SOURCE Cyngn

FAQ

What is the significance of Cyngn receiving a Notice of Allowance for its 20th U.S. patent related to AI-Powered Autonomous Vehicle Solutions (CYN)?

Cyngn receiving a Notice of Allowance for its 20th U.S. patent signifies a step forward in the patent application process, highlighting the company's innovation in autonomous vehicle solutions and strengthening its intellectual property portfolio.

What does the new patent, 17/812,072, cover for Cyngn related to autonomous vehicles (CYN)?

The new patent, 17/812,072, covers the generation of a compensated environmental model to address challenges in sensor data collection for autonomous vehicles, focusing on methods to overcome processing delays.

How does Cyngn's Chairman and CEO, Lior Tal, describe the significance of receiving the Notice of Allowance for the 20th U.S. patent (CYN)?

Lior Tal emphasizes that receiving the Notice of Allowance for the 20th U.S. patent is a testament to Cyngn's relentless pursuit of innovation in autonomous vehicle solutions, showcasing the strong technical team's efforts.

What is the purpose of Cyngn's patent family related to autonomous vehicle systems (CYN)?

Cyngn's patent family focuses on modularity and flexibility of autonomous vehicle systems, covering various aspects such as large-scale validation, traffic rule-based decision making, trajectory prediction, and obstacle detection.

How does the Notice of Allowance for the new patent contribute to Cyngn's intellectual property portfolio (CYN)?

The Notice of Allowance for the new patent strengthens Cyngn's intellectual property portfolio by adding another innovative solution for autonomous vehicle systems, enhancing the company's competitive position in the market.