Cyngn Names Natalie Russell as Chief Financial Officer

Core Viewpoint - Cyngn Inc. has announced the promotion of Natalie Russell to Chief Financial Officer (CFO), highlighting her extensive experience and expertise in accounting and financial processes as crucial for the company's growth strategy in the autonomous vehicle sector [1][2][3]. Group 1: Leadership Announcement - Natalie Russell has been promoted to CFO of Cyngn, effective immediately [1][2]. - Russell joined Cyngn in March 2023 as Director of Accounting and previously worked as a Technical Accounting Manager at SOAProjects, Inc. [2]. - She has a background in audit and assurance from Ernst & Young and is a Certified Public Accountant in California [1]. Group 2: Company Overview - Cyngn develops and deploys autonomous vehicle technology aimed at industrial organizations, addressing challenges such as labor shortages and safety incidents [4]. - The company's DriveMod technology allows customers to integrate self-driving technology into their operations with minimal upfront costs [5]. Group 3: Product Details - DriveMod Tugger can haul up to 12,000 lbs and has a typical payback period of less than 2 years [6]. - DriveMod Forklift is designed for heavy loads using non-standard pallets and is currently available to select customers [6].