2023-08-17 07:41:20 ET
- Cyngn Inc ( NASDAQ: CYN ) Thursday shared several customer wins, and said it signed a deal with Fortune 100 heavy machinery and agriculture equipment company for DriveMod Stockchaser Deployment.
- Partnership with BYD to develop autonomous DriveMod Forklifts.
- Partnership with new OEM, Motrec, to launch autonomous DriveMod Tuggers.
- Says pre-order from Arauco for 100 DriveMod Forklifts, potentially represents up to $5 million per year in recurring revenue.
- CYN -9.72% premarket to $0.641
- Source: Press Release
For further details see:
Cyngn continues commercial and technological momentum for AI-powered autonomous vehicle solutions