Cyngn Collaborates with Qualcomm to Exhibit Industrial Autonomous Mobile Robot Technology Powered by Qualcomm Robotics RB5 Platform at Hannover Messe Expo

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MENLO PARK, Calif., May 27, 2022–(BUSINESS WIRE)–Cyng (or the “Company”) (NASDAQ: CYN)a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced its collaboration with Qualcomm Technologies, Inc. to demonstrate autonomous mobile robots (AMRs) powered by the Qualcomm Robotics RB5 platform at the Hannover Messe Expo.

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Cynng is collaborating with Qualcomm Technologies, Inc. on an exhibition of industrial AMR technology powered by the Qualcomm Robotics RB5 platform at Hannover Messe Expo in Germany from May 30 to June 2. Source: Cyngn

Cyngn and Qualcomm Technologies will showcase Cyngn’s DriveMod-powered Columbia Stockchaser, an industrial AMR powered by the Qualcomm Robotics RB5 platform. The solution is an advanced computing platform that delivers the high-capacity processing required for the next generation of artificial intelligence, machine learning, and intelligent sensing industrial robots with reduced power consumption.

“The industrial AMRs our technology powers today process data and make decisions from a multitude of sensors in real time, and leading robotics solutions from Qualcomm Technologies, including the Qualcomm Robotics RB5 platform and the – Qualcomm Robotics RB6 shape, drive Cynng’s advanced robotics with excellent AI processing-to-power ratio.As a leader in 5G, Qualcomm Technologies will help improve teleoperation, accelerate speeds of data transfer and even opening up new high-accuracy location solutions,” said Lior Tal, CEO of Cyngn. “We are proud to be exhibiting with Qualcomm Technologies at the world’s largest industrial technology conference – Hannover Mass.”

The Hannover Messe is one of the largest trade fairs in the world and focuses solely on the development of industry. On average, the Hannover Messe has around 6,500 exhibitors, with an average of 250,000 visitors. This year’s event will be held from May 30 to June 2, 2022 at the Hannover Messe in Hannover, Germany.

Advanced processing and network speeds facilitate the development of increasingly intelligent robots that can quickly negotiate critical decisions. The safety factor is paramount for industries such as manufacturing, logistics, mining, and construction that rely on AMRs for both operational efficiency and improved safety. The increase in data processing and network speed/availability also contributes significantly to the capabilities of the Cyngn Insight analytics platform, which collects vehicle data to provide customers with real-time actionable data.

“We are excited to work with Cynng to support the proliferation of 5G AMRs that will drive operational efficiency and support business resilience in an increasingly digital economy. Our core robotics solutions – the Qualcomm Robotics RB6 Platform and the Qualcomm Robotics RB5 Platform – deliver premium capabilities with high capacity, low power consumption, and cutting-edge 5G and AI capabilities to power the development of Smarter and safer commercial AMRs,” said Dev Singh, senior director of business development and head of autonomous robotics, drones and smart machines at Qualcomm. Technologies, Inc.

About Cyn

Cynng is an autonomous vehicle technology company focused on the industrial uses of autonomous vehicles. Cynng believes that technological innovation is necessary to enable the adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, lagging technological advances from incumbents, and high upfront investment requirements. Cynn meets these challenges with his Enterprise Autonomy Suiteincluding DriveMod (modular industrial vehicle autonomous driving software), Cyng Insight (customer-oriented software suite to monitor/manage AV fleets and aggregate/analyze data), and Cyng evolve (internal toolbox that allows Cynng to exploit terrain data for artificial intelligence, simulation and modelling).

To learn more, visit https://cyngn.com/.

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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. ‘fine. Any statement that is not historical in nature is a forward-looking statement and can be identified by the use of words and phrases such as “expects”, “anticipates”, “believes”, “will”, ” likely to result”, “will continue”, “intends 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 filings with the SEC. can be guaranteed and actual results may differ materially from those projected.Cynng undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Readers are cautioned that it is not possible to predict or identify all risks, uncertainties and other factors that could affect future results.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220527005380/en/

contacts

Caroline Sohn
Vice President, The Equity Group
[email protected]
(415) 568-2255


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