Cyngn Receives Notice of Allowance for 21st U.S. Patent for its Adaptive Object-based Decision Making System
Cyngn announced the notice of allowance for its 21st U.S. patent, which enhances autonomous vehicle (AV) decision-making. This patent introduces an adaptive method for AVs to respond to detected objects. In 2023, Cyngn secured 16 U.S. patents, underscoring its commitment to innovation. CEO Lior Tal emphasized the company's focus on leading AV technology. This builds on previous milestones, including the NVIDIA-powered Computer Vision Technology in June and a 20th patent in April. This patent will bolster Cyngn's intellectual property portfolio, which includes extensive AV system advancements.
- Cyngn secured notice of allowance for its 21st U.S. patent, enhancing AV decision-making.
- In 2023, Cyngn obtained 16 U.S. patents, showing strong innovation commitment.
- The new patent strengthens Cyngn’s intellectual property portfolio.
- None.
Insights
Cyngn's latest patent for an adaptive object-based decision-making system is a significant technological development in the autonomous vehicle (AV) sector. This technology aims to enhance AVs' ability to navigate real-world environments by dynamically applying driving rules in response to detected objects. This could improve both safety and efficiency, which are critical parameters for the adoption of AVs.
From a technical perspective, this patent strengthens Cyngn's intellectual property (IP) portfolio, providing a competitive edge in an increasingly crowded market. Having a robust IP portfolio is essential for tech companies, as it serves as a barrier to entry for competitors and can be a valuable asset in both licensing and litigation scenarios.
It's noteworthy that Cyngn has secured a substantial number of patents—21 in total. The volume of patents indicates a strong emphasis on innovation and could signal to investors that the company is focused on long-term growth through continuous technological advancements.
Cyngn's receipt of a new patent approval is a strategic move that may influence its market positioning. Patents are important for maintaining a competitive edge, especially in the highly competitive AV industry. This new patent, focusing on adaptive decision-making, addresses a key concern for consumers and regulatory bodies: the reliability and safety of AV systems.
In the short term, this announcement might generate positive sentiment among investors, potentially driving the stock price upward due to perceived innovation and leadership in AV technology. However, investors should also consider the longer-term implications. While a strong patent portfolio is beneficial, the ultimate success depends on the company's ability to commercialize these technologies effectively.
The market for autonomous vehicles is expected to grow rapidly, with numerous players vying for market share. Cyngn's continuous addition of patents could position it as a leader in innovation, but whether it translates into market dominance remains to be seen.
AVs rely on sensors to scan and understand their surroundings, which enables detection of nearby objects. This patent describes a method to apply driving rules and rules associated with detected objects to inform decisions of the AV.
"Achieving the Notice of Allowance for our 21st
This announcement builds on broader initiatives by Cyngn to position itself at the forefront of autonomous innovation. In June, the company detailed its NVIDIA-powered Computer Vision Technology, and in April, it announced that its 20th patent also received a notice of allowance.
A Notice of Allowance marks a step forward in the patent application process for this invention. Upon completion, this patent will strengthen Cyngn's intellectual property portfolio.
Cyngn's patent family is comprised of the following published patents:
Number | Patent Number | Title | Publication Date |
19 | US-11,851,074-B2 | SYSTEM AND METHODS OF LARGE-SCALE AUTONOMOUS DRIVING VALIDATION | 12/26/2023 |
18 | US-11,837,090-B2 | SYSTEM AND METHODS OF ADAPTIVE TRAFFIC RULE-BASED DECISION MAKING FOR AUTONOMOUS DRIVING | 12/5/2023 |
17 | US-11,837,089-B2 | MODULAR EXTENSIBLE BEHAVIORAL DECISION SYSTEM FOR AUTONOMOUS DRIVING | 12/5/2023 |
16 | US-11,767,034-B2 | SYSTEM AND METHOD OF COMPUTATION ACCELERATION FOR AUTONOMOUS DRIVING SYSTEMS | 9/26/2023 |
15 | US-11,760,368-B2 | SYSTEM AND METHOD OF SAME-LOOP ADAPTIVE SIMULATION FOR AUTONOMOUS DRIVING | 9/19/2023 |
14 | US-11,747,454-B2 | GRANULARITY-FLEXIBLE EXISTENCE-BASED OBJECT DETECTION | 9/5/2023 |
13 | US-11,745,762-B2 | SYSTEM AND METHODS OF ADAPTIVE TRAJECTORY PREDICTION FOR AUTONOMOUS DRIVING | 9/5/2023 |
12 | US-11,745,747-B2 | SYSTEM AND METHOD OF ADAPTIVE DISTRIBUTION OF AUTONOMOUS DRIVING COMPUTATIONS | 9/5/2023 |
11 | US-11,745,750-B2 | SYSTEM AND METHOD OF LARGE-SCALE AUTOMATIC GRADING IN AUTONOMOUS DRIVING USING A DOMAIN-SPECIFIC LANGUAGE | 9/5/2023 |
10 | US-11,679,726-B2 | VEHICLE SENSOR SYSTEMS | 6/20/2023 |
9 | US-11,673,577-B2 | SYSTEM AND METHODS OF ADAPTIVE RELEVANCY PREDICTION FOR AUTONOMOUS DRIVING | 6/13/2023 |
8 | US-11,668,833-B2 | OBSTACLE DETECTION SYSTEMS | 6/6/2023 |
7 | US-11,651,583-B2 | MULTI-CHANNEL OBJECT MATCHING | 5/16/2023 |
6 | US-11,614,527-B2 | SELF-ADAPTIVE LIDAR-CAMERA SYNCHRONIZATION SYSTEM | 3/28/2023 |
5 | US-11,592,565-B2 | FLEXIBLE MULTI-CHANNEL FUSION PERCEPTION | 2/28/2023 |
4 | US-11,555,928-B2 | THREE-DIMENSIONAL OBJECT DETECTION WITH GROUND REMOVAL INTELLIGENCE | 1/17/2023 |
3 | US-11,372,115-B2 | VEHICLE LOCALIZATION | 6/28/2022 |
2 | US-11,186,234-B2 | VEHICLE SENSOR SYSTEMS | 11/30/2021 |
1 | 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
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