ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CYN CYNGN Inc

0.1104
0.0004 (0.36%)
Pre Market
Last Updated: 12:39:17
Delayed by 15 minutes
Share Name Share Symbol Market Type
CYNGN Inc NASDAQ:CYN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0004 0.36% 0.1104 0.1104 0.1138 150,677 12:39:17

Cyngn Rolls Out its Partnership with RobotLAB, Expanding Distributor Network

14/05/2024 12:05pm

PR Newswire (US)


CYNGN (NASDAQ:CYN)
Historical Stock Chart


From Apr 2024 to May 2024

Click Here for more CYNGN Charts.
  • The partnership that was announced earlier this year showcased its product catalog at the 2024 Automate Show last week.

DALLAS, May 14, 2024 /PRNewswire/ -- RobotLAB, an award-winning robotics integrator that delivers impactful business innovations and solutions for companies across many industries, has proudly partnered with autonomous vehicle software developer, Cyngn Inc. ("Cyngn"), to expand the availability of its industrial self-driving DriveMod robots to large-scale manufacturers and warehouse businesses. Cyngn selected RobotLAB as a preferred U.S. partner because of its decades-long experience successfully deploying more than 10,000 robots worldwide. Under the agreement, RobotLAB will add Cyngn's autonomous DriveMod Tugger vehicles to its robust portfolio, which includes more than 200 robots.

Cyngn Partnership with RobotLAB

"Cyngn's DriveMod vehicles offer a tremendous opportunity for manufacturers and warehouses because they boast high weight capacities, while still allowing precise movements and self-driving capabilities," said Elad Inbar, Founder and CEO of RobotLAB. "Cyngn's efficiency-improving and risk-reducing autonomous vehicles are a welcome addition to our manufacturing portfolio, and we're eager to extend our years of robotics integration and expertise to meet the growing demand for robot solutions in the commercial production and construction segments."

Founded in 2013, Cyngn develops scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency, while addressing significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand from e-commerce.

Cyngn's DriveMod Tugger — which will be marketed, sold, deployed, and serviced by RobotLAB — unlocks the potential for manufacturing businesses to improve efficiency and productivity on the production floor.

"By adding RobotLab to our network of U.S. dealer partners, we are poised to accelerate our commercial reach and rapidly broaden the availability of our autonomous vehicles," said Lior Tal, Chairman and Chief Executive Officer of Cyngn. "Demand for autonomous vehicles is growing in the manufacturing segment, and we're confident that RobotLAB's expertise and wide network will allow our DriveMod vehicles to reach widespread adoption."

Since its founding in 2007, RobotLAB has provided turnkey robotics solutions to companies of all sizes in industries including foodservice, hospitality, banking, education, assisted living, cleaning, delivery and hospitals. The company's talented team of roboticists has effectively deployed more than 10,000 robots that have provided an impressive array of businesses with a clear path to the successful and highly specialized integration of robotics solutions. RobotLAB oversees all aspects of the robotics integration process – from sales, tailored programming, onsite integration and repairs – to ensure businesses can access and understand solutions that will dramatically improve their performance.

For more information about RobotLAB's tailored integration and business solutions, visit www.robotlab.com.

About RobotLAB
Since 2007, RobotLAB has guided businesses to dramatic bottom-line increases by helping them harness and leverage the immense power of automation. Catering to an array of economically critical industries that span education, finance, healthcare, delivery and hospitality, RobotLAB provides robotic business solutions that improve ROI and enhance the user experience. With a multitude of in-house teams and department specialists, the company remains focused on a seamless integration process that begins with an in-depth assessment of client needs. Sales and delivery experts ensure proper product immersion while implementation and installation professionals ensure peak performance. In a world replete with business uncertainties, RobotLAB ensures operational consistency through technology. In 2023, RobotLAB launched the first robotics integration franchise program to best serve growing demand for robotics across the U.S. in nearly all business sectors. To franchise with RobotLAB, visit www.robotlab.com/franchise.

Media Contact
Selena Lane
Powerhouse+Co.
selena@powerhouseandco.com 

 

Cyngn Logo (PRNewsfoto/Cyngn)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cyngn-rolls-out-its-partnership-with-robotlab-expanding-distributor-network-302144568.html

SOURCE Cyngn

Copyright 2024 PR Newswire

1 Year CYNGN Chart

1 Year CYNGN Chart

1 Month CYNGN Chart

1 Month CYNGN Chart