Cyngn Secures its 18th U.S. Patent in Adaptive Traffic Rule-Based Decision Making for Autonomous Driving
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Insights
The acquisition of new patents by Cyngn underscores the company's commitment to protecting its intellectual property in the competitive field of AI-powered autonomous driving solutions. The legal aspect of these patents serves as a deterrent against potential infringement by competitors, which is crucial in an industry where innovation is a key differentiator. The patents, particularly the latest one for adaptive traffic rule-based decision making, not only provide a shield against competition but also add value to Cyngn's portfolio. This can potentially attract partnerships, licensing deals, or even acquisition interest from larger players in the market. The strategic use of patents can significantly impact market positioning and revenue streams for Cyngn, especially as they expand their technological offerings.
From a market perspective, Cyngn's growing patent portfolio indicates a robust R&D pipeline and a strong focus on innovation. Patents can be seen as a proxy for the company's future growth potential and its ability to maintain a competitive edge. Investors often view a growing patent portfolio as a positive signal for the company's long-term prospects. The specific mention of adaptive traffic rule-based decision making suggests Cyngn is addressing complex challenges in autonomous driving, such as navigating varying traffic conditions and regulations, which can be a significant competitive advantage. This positions Cyngn favorably in the industrial AV market, potentially increasing its market share and attracting interest from sectors that require sophisticated autonomous solutions.
Financially, the development and protection of proprietary technology through patents can lead to increased barriers to entry for competitors, potentially leading to higher margins for Cyngn. The patents can be leveraged for strategic alliances or to enhance the company's valuation in the eyes of investors and acquirers. It's important to monitor how these patents translate into marketable products and services that generate revenue. The cost of patenting should be weighed against the potential returns from the patented technology. Additionally, the impact of these patents on Cyngn's balance sheet and future earnings should be assessed, considering both direct monetization opportunities and the indirect benefits of strengthened market positioning.
Since August 2023, Cyngn has been granted eight additional patents, bringing the total
"As our business continues its upward trajectory, the significance of our patents becomes increasingly evident," said Cyngn's Chairman and Chief Executive Officer, Lior Tal. "These patents are not just legal safeguards; they are the cornerstone of our growth strategy, ensuring that our innovative ideas remain exclusively ours in a competitive market. In essence, they are the protective armor that fortifies our position in the industry, allowing us to confidently forge ahead in our journey of expansion and success."
Cyngn provides its customers a seamless way to adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.
Cyngn's patent family is comprised of the following granted patents:
Patent Number | Title | Publication Date |
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: http://twitter.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
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 17, 2023. 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.
Investor/Media Contact: Bill Ong, bill@cyngn.com; 650-204-1551
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