Cyngn(CYN) - 2024 Q3 - Quarterly Results

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 ...