UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-40932 CYNGN INC. (Exact name of registrant as specified in its charter) | --- | --- | |----------------|-------| | | | ...

Exhibit 99.1 Cyngn Reports Third Quarter 2024 Financial Results Recent Operating Highlights: ● Executed its first paid DriveMod Forklift Deployment. ● Signed a commercial contract with a major automotive service equipment manufacturer. ● Executed LOI to sell multiple DriveMod Tuggers to global automotive supplier. ● Successfully completed DriveMod Tugger Initial Deployment with a major defense contractor. ● Hired Experienced Industrial Automation VP of Sales, Marty Petraitis. ● Started deploying its next-ge ...

 Recent Operating Highlights:MENLO PARK, Calif., Nov. 6, 2024 /PRNewswire/ -- Cyngn (or the "Company") (Nasdaq: CYN), developer of industrial autonomous vehicles, today announced financial results for its third quarter, ended September 30, 2024."Our third quarter marked meaningful additional commercial traction of our autonomous DriveMod technology," said Lior Tal, Cyngn CEO. "Building on the progress we made with direct sales efforts in the first half of the year, including being selected by Deere to suppl ...

MENLO PARK, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced that Marty Petraitis is joining Cyngn as Vice President of Sales. Petraitis brings over two decades of leadership experience in scaling revenue within technology-driven sectors, including automation, SaaS, and manufacturing systems. In this role, Petraitis will oversee Cyngn's global sales strategy, market expansion, and the adoption of Cyngn's Enterprise Autonomy Suite (EAS) by new organizations. Cyngn Hires Expe ...

MENLO PARK, Calif., Nov. 1, 2024 /PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced that it successfully deployed its DriveMod Tugger at a defense contractor's facility.While details are not being disclosed for security reasons, the engagement highlights the applicability of Cyngn's autonomous vehicle technology to address the rigorous operational needs of defense industry manufacturing applications, which can be particularly stringent work environments with high associated costs. Cyngn Successfu ...

MENLO PARK, Calif., Oct. 31, 2024 /PRNewswire/ -- Today, Cyngn announced that it has received a signed Letter of Intent (LOI) from a major automotive supplier to sell and deploy multiple DriveMod Tuggers in early 2025. This achievement demonstrates Cyngn's continued traction with its Enterprise Autonomy Suite ("EAS") automation solutions for heavy manufacturing industries. Just last week, Cyngn announced a new contract with a different automotive manufacturing customer. Cyngn Executes Letter of Intent t ...

Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing. MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024, after the close of market. In addition, the Company today announced that despite having been notifi ...

MENLO PARK, Calif., Oct. 25, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced the expansion of its dealer network to include Kennedy Robotics AI, a provider of innovative autonomous robotics solutions. Kennedy Robotics will begin selling Cyngn's autonomous DriveMod Tugger, which bundles Cyngn's AV technology with Motrec's MT-160 vehicle."We are excited to welcome Kennedy Robotics AI to our growing dealer network, bringing the DriveMod Tugger to even more businesses seeking reliable, safe, and i ...

In recent weeks, Cyngn — Executed its first paid DriveMod Forklift Deployment.Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities.Signed a commercial contract with a major automotive service equipment manufacturer.Expanded its dealer network, adding multiple sales channels that offer Motrec vehicles as well as other 3rd party system integrators.Secured its 20th and 21st US Patent.Announced DriveMod Tuggers capability to run missions outside.MENLO PARK, Calif., Oct. 22, 2024 /PRN ...

Core Insights - Cyngn has successfully completed its first paid deployment of the DriveMod Forklift at a customer facility, marking a significant milestone in the commercialization of its Enterprise Autonomy Suite (EAS) [1][2] - The DriveMod Forklift is designed to autonomously handle material moving flows without human intervention, targeting heavy loads on non-standard pallets, which positions it uniquely in the market [2][4] - The company plans to build and sell additional units of the DriveMod Forklift, with integration into the customer's operations expected in the first half of 2025 [1][3] Company Overview - Cyngn develops scalable autonomous vehicle technology aimed at improving productivity and efficiency for industrial organizations, addressing challenges such as labor shortages and safety incidents [4] - The DriveMod Forklift can handle loads over 10,000 lbs (4,545 kg) and is controlled via Cyngn Insight, a fleet management system that provides real-time monitoring and operational analytics [2][4] - The company has a history of successful advancements, including a contract signed in fall 2022 with a building materials manufacturer, Arauco, which pre-ordered 100 DriveMod Forklifts by summer 2023 [3]