Cyngn Awarded 24th Patent, Strengthening Universal Autonomy Capabilities
Cyngn Awarded 24th Patent, Strengthening Universal Autonomy Capabilities |
| [06-March-2026] |
MOUNTAIN VIEW, Calif., March 6, 2026 /PRNewswire/ -- Cyngn (Nasdaq: CYN) today announced the formal grant of a new U.S. patent, US-12530029-B2, titled "System and Method of Adaptive, Real-Time Vehicle System Identification for Autonomous Driving."
The patent protects a system that builds real time, gear-specific vehicle models to generate precise control commands, validates those commands through pre-execution simulation, and adapts continuously as hardware degrades—enabling deployment across diverse vehicle types without platform-specific redesigns. Key technical capabilities are described below. "As we continue to commercialize our technology, building a robust wall of intellectual property around our core innovations is essential," said Lior Tal, CEO of Cyngn. "This patent represents another important layer in our defensive strategy, securing our rights to fundamental methodologies in vehicle adaptability. Expanding our patent portfolio ensures that we protect the long-term value of our technology stack as we scale." This patent reflects a broader shift underway in industrial automation: intelligence is becoming the defining asset, not just hardware. As warehouses, factories, and logistics operators look to modernize aging fleets rather than replace them outright, adaptable autonomy platforms may shape the next phase of industry growth. Securing intellectual property around vehicle adaptability positions Cyngn within a structural transition toward software-led industrial transformation. Key Technical Benefits The patented technology offers significant operational advantages:
By securing this intellectual property, Cyngn protects the innovations that allow its technology to be versatile and adaptable, supporting the Company's broader mission to bring automation to industrial fleets regardless of the vehicle type. Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts. The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. Investor Contact: Media Contact: Where to Find Cyngn:
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 Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K/A filed with the SEC on November 14, 2025. 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.
SOURCE Cyngn | ||
Company Codes: NASDAQ-NMS:CYN |
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