Mountain View, California, October 9th / PRNewswire / -- Cyngn (Nasdaq: CYN) announced today that the deployment and operation of its autonomous vehicle technology in industrial facilities are continuing to progress, and manufacturers and logistics operators are also increasingly exploring opportunities for automated, repetitive material handling.
In the first nine months of 2026, Cyngn's autonomous fleet completed over 11,600 tasks and traveled more than 3,000 kilometers in customer operations. The company stated that its fleet activities have expanded to an increasing number of industrial sites this year, reflecting the broader application of autonomous driving technology in material handling workflows.
Team activities reached a new monthly high in September, continuing the operational growth disclosed by the company earlier this year. The company stated that these results highlight a broader transformation in industrial automation: from the initial introduction of autonomous vehicles to their continuous use in daily factory operations.
Cyngn The Chief Executive Officer, Lior Tal, stated: "Industrial autonomy is not just about putting vehicles into factories. The key lies in making automation practical enough to become a part of the factory's operating methods. Our focus has always been on reducing complexity and providing customers with a direct path to automated material handling. As more and more facilities start operating DriveMod vehicles, we are accumulating experience and building the infrastructure to support an increasingly diverse range of customer applications."
The DriveMod technology of Cyngn enables industrial vehicles to navigate autonomously along predetermined routes, transporting materials between workstations, production areas, and other facility locations. Its purpose is to automate repetitive transportation tasks without the need for major renovations to existing infrastructure.
The company's continuously expanding operational coverage reflects its focus on a deployment model that can be replicated in different industrial environments. Cyngn indicates that, unlike requiring customers to undertake large-scale automation projects, their approach allows facilities to start with a clear material handling workflow and identify more automation opportunities over time.
This strategy is supported by the EasyLaunch ™ deployment plan of Cyngn. This plan reduces the upfront investment required for introducing autonomous material handling. Combined with the company's fleet management software Cyngn Insight, DriveMod aims to provide a practical foundation for customers to manage and expand their autonomous operations.
With the advancement of Cyngn towards commercial deployment, fleet activities provide another metric for measuring the company's progress, in addition to customer announcements and vehicle deliveries. The continuous use in customer facilities helps to demonstrate how autonomous technology can be applied to the repetitive transportation needs in industrial operations.
About Cyngn
Cyngn creates and deploys Autonomous DriveMod Tuggers for industrial enterprises. The company addresses significant challenges faced by current industrial operations, including labor shortages and high costs associated with safety accidents.
Autonomous DriveMod Tugger The automated manufacturing and warehousing workshops maintain the necessary repetitive material handling routes, without the need for high upfront costs or infrastructure installation, with a target payback period of typically less than two years.
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This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Revised Securities Act of 1933, and Section 21E of the Revised Securities Exchange Act of 1934. Any statements that are not historical facts constitute forward-looking statements and may be identified by words such as "expected," "anticipated," "believed," "will," "is likely to result in," "will continue," "planned," "potential," "promising," and similar expressions. These statements are based on management's current expectations and judgments and are subject to various risks, uncertainties, and assumptions. Actual results may differ significantly from those described in the forward-looking statements, including risk factors that are disclosed from time to time in the company's reports submitted to the U.S. Securities and Exchange Commission (SEC). This includes, but is not limited to, the risk factors discussed in the company's 10-K report filed with the SEC on March 26, 2026. Readers should be aware that it is impossible to predict or identify all risks, uncertainties, and other factors that may affect future results. No forward-looking statement guarantees that objectives will be achieved, and actual results may differ significantly from predictions. Cyngn assumes no obligation to publicly update any forward-looking statements due to new information, future events, or other reasons.
