MENLO PARK, Calif. - Cyngn Inc. (NASDAQ: CYN), a developer of autonomous vehicle technology, has entered into a strategic partnership with RobotLAB, a global robotics integrator. The collaboration, announced today, involves RobotLAB's purchase of ten DriveMod Tuggers from Cyngn to kickstart a fleet for customer sales, marking a significant expansion of Cyngn's Dealer Network (LON:NETW).
This partnership is expected to facilitate the large-scale deployment and servicing of Cyngn's AI-powered DriveMod Tuggers, capitalizing on RobotLAB's almost two decades of industry experience. RobotLAB plans to extend its reach by opening new locations across the United States, leveraging its role as a trusted distributor for United Robotics Group's humanoid robots and other major brands.
Cyngn's DriveMod Kit, designed for easy integration into existing industrial vehicles, aligns with the company's goal to address current industrial challenges such as labor shortages and the growing demand for e-commerce. The company's Enterprise Autonomy Suite, which includes DriveMod, Cyngn Insight, and Cyngn Evolve, aims to boost productivity and efficiency for its clients.
Lior Tal, CEO of Cyngn, expressed confidence in RobotLAB's ability to amplify Cyngn's commercial footprint due to their established presence in North America. Elad Inbar, CEO of RobotLAB, echoed the sentiment, highlighting the potential for this partnership to diversify RobotLAB's offerings and strengthen their position in the warehouse and logistics sector.
The announcement is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance, and actual results may differ materially.
Cyngn and RobotLAB's collaboration represents a strategic move to enhance the adoption and application of AI and robotics in the industrial automation market.
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