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Cyngn Rolls Out its Partnership with RobotLAB, Expanding Distributor Network

The partnership that was announced earlier this year showcased its product catalog at the 2024 Automate Show last week.

Cyngn |

DALLAS (May 13, 2024) — RobotLAB, an award-winning robotics integrator that delivers impactful business innovations and solutions for companies across many industries, has proudly partnered with autonomous vehicle software developer, Cyngn Inc. (“Cyngn”), to expand the availability of its industrial self-driving DriveMod robots to large-scale manufacturers, warehouses, and construction businesses. Cyngn selected RobotLAB as a preferred U.S. partner because of its decades-long experience successfully deploying more than 10,000 robots worldwide. Under the agreement, RobotLAB will add Cyngn’s autonomous DriveMod Tugger vehicles to its robust portfolio, which includes more than 200 robots. 

“Cyngn’s DriveMod vehicles offer a tremendous opportunity for manufacturers and warehouses because they boast high weight capacities, while still allowing precise movements and self-driving capabilities,” said Elad Inbar, Founder and CEO of RobotLAB. “Cyngn’s efficiency-improving and risk-reducing autonomous vehicles are a welcome addition to our manufacturing portfolio, and we’re eager to extend our years of robotics integration and expertise to meet the growing demand for robot solutions in the commercial production and construction segments.” 

Founded in 2013, Cyngn develops scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency, while addressing significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand from e-commerce.

Cyngn's DriveMod Tugger — which will be marketed, sold, deployed, and serviced by RobotLAB — unlocks the potential for manufacturing businesses to improve efficiency and productivity on the production floor. 

“By adding RobotLab to our network of U.S. dealer partners, we are poised to accelerate our commercial reach and rapidly broaden the availability of our autonomous vehicles,” said Lior Tal, Chairman and Chief Executive Officer of Cyngn. “Demand for autonomous vehicles is growing in the manufacturing segment, and we’re confident that RobotLAB’s expertise and wide network will allow our DriveMod vehicles to reach widespread adoption."

Since its founding in 2007, RobotLAB has provided turnkey robotics solutions to companies of all sizes in industries including foodservice, hospitality, banking, education, assisted living, cleaning, delivery and hospitals. The company’s talented team of roboticists has effectively deployed more than 10,000 robots that have provided an impressive array of businesses with a clear path to the successful and highly specialized integration of robotics solutions. RobotLAB oversees all aspects of the robotics integration process – from sales, tailored programming, onsite integration and repairs – to ensure businesses can access and understand solutions that will dramatically improve their performance.

For more information about RobotLAB’s tailored integration and business solutions, visit www.robotlab.com.

About RobotLAB

Since 2007, RobotLAB has guided businesses to dramatic bottom-line increases by helping them harness and leverage the immense power of automation. Catering to an array of economically critical industries that span education, finance, healthcare, delivery and hospitality, RobotLAB provides robotic business solutions that improve ROI and enhance the user experience. With a multitude of in-house teams and department specialists, the company remains focused on a seamless integration process that begins with an in-depth assessment of client needs. Sales and delivery experts ensure proper product immersion while implementation and installation professionals ensure peak performance. In a world replete with business uncertainties, RobotLAB ensures operational consistency through technology. In 2023, RobotLAB launched the first robotics integration franchise program to best serve growing demand for robotics across the U.S. in nearly all business sectors. To franchise with RobotLAB, visit www.robotlab.com/franchise.

Media Contact

Selena Lane

Powerhouse+Co.

selena@powerhouseandco.com

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).

Investor Contact:

Don Alvarez

Media Contact:

Luke Renner

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 (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.

Cautionary Note. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.

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