Cyngn Secures its 20th U.S. Patent: Adaptive Motion Compensation of Perception Channels

Rhea-AI Summary

Cyngn Inc. (Nasdaq: CYN) has been granted its 20th U.S. patent, showcasing continued innovation in autonomous vehicle technology. The new patent, U.S. Patent No. 12,032,099, introduces a method to maintain sensor data accuracy in moving autonomous vehicles by integrating advanced LiDAR and image technologies.

Key features of the patent include:

• Comprehensive environmental data capture
• Time delay compensation between data acquisition and processing
• Dynamic motion model generation based on real-time sensor movements
• Enhanced reliability and precision of sensor data in dynamic environments

This achievement follows 16 U.S. patents granted to Cyngn in 2023, reinforcing the company's commitment to building a robust intellectual property portfolio in the AV industry.

Positive

• Granted 20th U.S. patent, demonstrating continued innovation in autonomous vehicle technology
• New patent enhances reliability and precision of sensor data in dynamic environments
• Secured 16 U.S. patents in 2023, showing consistent growth in intellectual property portfolio

Negative

• None.

Tech Expert

Cyngn's latest patent, focusing on adaptive motion compensation, represents a significant advancement in autonomous vehicle (AV) technology. This innovation addresses a critical challenge in AV systems: maintaining accurate sensor data during vehicle movement. By dynamically adjusting for motion across multiple axes, the system ensures precise environmental data collection, which is important for safe and efficient AV operation.

The patent's importance lies in its potential to enhance decision-making capabilities of AVs in real-time, particularly in complex or rapidly changing environments. This could lead to improved safety standards and more reliable autonomous operations across various industries, from logistics to manufacturing.

With this being Cyngn's 20th U.S. patent, it demonstrates the company's strong commitment to R&D and intellectual property development in the AV space. This growing patent portfolio could position Cyngn as a key player in the competitive AV market, potentially attracting partnerships or licensing opportunities.

Financial Analyst

Cyngn's expanding patent portfolio, now at 20 U.S. patents, signifies a strengthening of its intellectual property assets. This could potentially translate to increased company valuation and attract investor interest. However, it's important to note that patents alone don't guarantee market success or revenue growth.

The company's business model of providing low upfront cost AV solutions to customers is intriguing, but investors should look for evidence of commercial traction and revenue generation. With $11.7 million in cash and equivalents reported in Q2 2023 and a quarterly burn rate of about $3.5 million, Cyngn's financial runway is a consideration.

While the patent news is positive, investors should focus on Cyngn's ability to monetize its technology and achieve sustainable growth. The AV market is highly competitive, with well-funded players, so Cyngn's execution in converting its innovations into market share will be important for long-term success.

MENLO PARK, Calif., Sept. 4, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the official granting of a new patent, U.S. Patent No. 12,032,099, which introduces a method to maintain the accuracy of data collected by an autonomous vehicle's sensors as the vehicle moves.

At its core, the patent optimizes sensor data processing by integrating advanced LiDAR and image technologies. By initially capturing comprehensive environmental data, the system then calculates and adjusts for any time delay between data acquisition and processing. Crucially, it dynamically generates a motion model based on real-time sensor movements across multiple axes, ensuring precise predictions of future positions.

The significance of this patent lies in its ability to significantly enhance the reliability and precision of sensor data in autonomous vehicles and robotics by effectively compensating for motion during data processing. This capability enables these systems to operate with utmost accuracy in dynamic environments, ultimately enhancing safety, efficiency, and empowering better-informed decisions based on precise environmental data.

"The granting of our 20th U.S. patent underscores Cyngn's ongoing commitment to advancing autonomous vehicle technologies," said Lior Tal, Chairman and Chief Executive Officer of Cyngn. "Following the 16 U.S. patents granted in 2023, this achievement reflects our team's commitment to building out a robust patent portfolio to protect our intellectual property."

The grant of this patent marks a significant milestone in Cyngn's intellectual property strategy, further bolstering its position in the AV industry. This success follows Cyngn's recent patent issuance announcement for Patent 19.

Cyngn provides its customers a seamless way to adopt self-driving technology into their operations without high upfront costs.

Previous patents include:

	Patent Number	Title	Publication Date
20.	US-12,032,099-B2	ADAPTIVE MOTION COMPENSATION OF PERCEPTION CHANNELS	07/09/2024
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: http://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 Cyngn's latest patent for autonomous vehicles?

Cyngn's latest patent (U.S. Patent No. 12,032,099) introduces a method to maintain sensor data accuracy in moving autonomous vehicles by integrating advanced LiDAR and image technologies, compensating for motion during data processing.

How many U.S. patents does Cyngn (CYN) now hold?

As of September 4, 2024, Cyngn Inc. (Nasdaq: CYN) holds 20 U.S. patents related to autonomous vehicle technologies.

What are the key features of Cyngn's new patent for autonomous vehicles?

Key features of Cyngn's new patent include comprehensive environmental data capture, time delay compensation between data acquisition and processing, and dynamic motion model generation based on real-time sensor movements across multiple axes.

How many U.S. patents did Cyngn (CYN) receive in 2023?

Cyngn Inc. (Nasdaq: CYN) was granted 16 U.S. patents in 2023, demonstrating significant growth in their intellectual property portfolio.