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Cyngn Partners with Symboticware to Improve Off-Highway Vehicle Safety in the Natural Resources Industry

The partnership will make it easier for organizations to integrate DriveMod into their existing fleet and manage these advanced capabilities.

Luke Renner |

 

Menlo Park, CA, September 13, 2021 – Today, Industrial IoT hardware and software company, Symboticware, announced a partnership with the industrial autonomous vehicle technology provider, Cyngn. The partnership will make it easier for natural resources organizations to integrate Cyngn’s autonomous vehicle technology, DriveMod, into their existing fleet and to manage these advanced capabilities with Symboticware’s Intelligent Operating System, 4-sight.ai.

The partnership marks a natural alignment. Symboticware’s flagship product, 4-sight.ai, is an industrial operating system that currently manages 4 million vehicles globally. Through the Cyngn partnership, Symboticware customers may also manage their autonomous vehicle investments using the same platform.

Cyngn’s autonomous vehicle technology has been designed from the ground up to integrate smoothly into the daily operations of industrial organizations. Vehicles running Cyngn’s technology can easily switch between manual, remotely-controlled, and fully autonomous driving modes.

In addition to bringing self-driving capabilities to industrial fleets, Cyngn’s advanced safety features include machine vision-based collision avoidance and a backup system that brings equipment to a stop in case of an emergency. Through 4-Sight.ai’s portal, vehicle operators will be immediately notified of emergencies along with the location of the equipment involved.

"Safety is the strategic priority for companies in the natural resources space,” said Symboticware CEO, Ash Agarwal. "This is why we are proud that 4-Sight.ai – the industry's first Operating System of Intelligence – will enable our clients to not only increase their assets' productivity but also reduce unsafe incidents thanks to Cyngn’s AI-powered safety technology."

"We are excited to make it easier for our clients to manage their autonomous vehicles through this integration with the 4-Sight.ai ecosystem,” said Cyngn CEO Lior Tal. "Cyngn’s AV technology integrates with a variety of commercially available machines. We look forward to enabling companies in the mining, agriculture, construction, and forestry sectors to bring greater autonomous capabilities and safety to their operations."

Cyngn is part of 4-Sight.ai’s marketplace launch lineup. The innovative products of third-party technology providers will utilize the hardware and software capabilities of Symboticware devices and 4-Sight.ai, enabling companies across the natural resources industry to achieve ambitious operational and sustainability-related goals.

About Symboticware

Established in Canada’s mining heartland, Symboticware is a leading innovator in the industrial Internet of Things (IIoT), delivering real-time, actionable, data-driven insights and smart analytics to streamline remote management of fixed and mobile assets in the natural resources sector. For over a decade, we’ve been helping customers reduce greenhouse gas emissions, minimize machine downtime, improve safety and optimize productivity. Our intelligent platform, 4-Sight.ai, empowers operations and helps drive better efficiencies with live dashboards and maps, advanced reporting and alerts, AI insights, as well as an ecosystem of integrated, industry-leading third-party technologies. 

Contacts

Ash Agarwal
CEO, Symboticware
C:800-519-5496

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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