Cyngn Receives Notice of Allowance for 23rd U.S. Patent for its AI-Powered Autonomous Vehicle Technologies

Core Viewpoint - Cyngn Inc. has received a notice of allowance for its 23rd U.S. patent related to its autonomous vehicle solutions, specifically a modular sensor system designed for industrial applications [1][2][4]. Patent Details - The newly allowed patent focuses on a modular sensor system that can be integrated with existing industrial machines with minimal modifications, enhancing adaptability across various machine geometries and operational constraints [3]. - This patent adds to Cyngn's growing intellectual property portfolio, which now includes a total of 22 granted patents, reflecting the company's commitment to research and development in autonomous vehicle technology [4]. Company Positioning - Cyngn's CEO emphasized that the expanding patent portfolio reinforces the company's position as a technology leader in the autonomous vehicle sector, highlighting the importance of innovation and intellectual property protection for long-term differentiation [4]. - The company has been actively securing patents in key areas such as perception, navigation, and mapping, which are critical for advancing its DriveMod solution [4]. DriveMod Technology - Cyngn's DriveMod technology allows customers to implement self-driving capabilities in their operations without incurring high upfront costs or needing extensive infrastructure changes [9]. - The DriveMod Tugger can haul up to 12,000 lbs and aims for a payback period of less than two years, while the DriveMod Forklift is designed for handling non-standard pallets and is currently available to select customers [10]. Industry Context - Cyngn targets significant challenges faced by industrial organizations, such as labor shortages and safety incidents, by providing innovative autonomous vehicle solutions [8].