Cyngn Launches DriveMod Kit, a Fully-Equipped Autonomous Vehicle Hardware Integration Module
21 Avril 2022 - 2:30PM
Business Wire
Cyngn (or the “Company”) (NASDAQ: CYN), a developer of
innovative autonomous driving software solutions for industrial and
commercial enterprises, today announced the official launch of
DriveMod Kit, a turnkey autonomous vehicle (“AV”) solution for
which Cyngn filed a patent in February 2022. DriveMod Kit’s
inaugural manufacturing run started coming off the assembly line in
the first half of April 2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220421005339/en/
Cyngn launches DriveMod Kit, a turnkey AV
hardware integration module. Its inaugural manufacturing run began
coming off the assembly line in early April 2022. Source: Cyngn
Containing all the advanced sensors and hardware components
needed for AV technology integration, DriveMod Kit is designed to
streamline retrofitting of existing industrial vehicles or simplify
integration onto newly manufactured vehicles. We believe that by
eliminating traditional barriers to autonomous vehicle adoption,
such as high costs and complex installations, DriveMod Kit will
facilitate rapid adoption of autonomous vehicles across a wide
range of industrial and commercial domains.
Partnering with Columbia Vehicle Group (“Columbia”), Cyngn
originally developed DriveMod Kit as an efficient AV integration
package for Columbia’s Stockchaser vehicles. The kit technology can
easily be adapted to fit other industrial vehicles.
“We are excited to have launched production of DriveMod Kit for
Columbia’s Stockchaser. With 883,000 new material-handling vehicles
sold each year in the U.S., DriveMod Kit creates a sizable
opportunity for Cyngn to lead the rapid adoption of turnkey AV
solutions for both retrofit and new vehicles. Installation can be
done quickly and does not require special training. Anyone who
works on these vehicles can retrofit an existing Columbia
Stockchaser into a fully autonomous vehicle with very little
effort. DriveMod Kit is a complete AV integration solution, a
game-changer that eliminates traditional barriers to autonomous
vehicle adoption,” said Lior Tal, Cyngn’s CEO.
In addition to the self-driving vehicle technology, DriveMod Kit
features human machine interfaces and a lighting system that
communicate vehicle status, mode, battery status, route
obstruction, and more.
With the swift and simple deployment that DriveMod Kit offers,
manufacturers and logistics companies can begin to reap the many
benefits of autonomy, such as increased productivity, improved
safety, and lowered operational costs.
To see DriveMod Kit in action, please click here to watch the
video.
About Cyngn
Cyngn is an autonomous vehicle technology company that is
focused on addressing industrial uses for autonomous vehicles.
Cyngn believes that technological innovation is needed to enable
adoption of autonomous industrial vehicles that will address the
substantial industry challenges that exist today. These challenges
include labor shortages, lagging technological advancements from
incumbents, and high upfront investment requirements. Cyngn
addresses these challenges with its Enterprise Autonomy Suite,
which includes DriveMod (modular industrial vehicle autonomous
driving software), Cyngn Insight (customer-facing software suite
for monitoring/managing AV fleets and aggregating/analyzing data),
and Cyngn Evolve (internal toolkit that enables Cyngn to leverage
data from the field for artificial intelligence, simulation, and
modeling).
To learn more, please visit https://cyngn.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220421005339/en/
Carolyne Sohn Vice President, The Equity Group
csohn@equityny.com (415) 568-2255
Cynapsus Therapeutics Inc. (NASDAQ:CYNA)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Cynapsus Therapeutics Inc. (NASDAQ:CYNA)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024