StockNews.AI
CYN
StockNews.AI
83 days

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

1. Cyngn received a notice of allowance for its 23rd patent. 2. The patent enhances modular sensor systems for automated vehicles. 3. This strengthens Cyngn's position in autonomous vehicle technology. 4. The company continues to expand its strong IP portfolio. 5. DriveMod technology addresses industrial labor shortages and safety issues.

12m saved
Insight
Article

FAQ

Why Bullish?

The new patent indicates strong R&D and innovation, enhancing investor confidence. Historically, patents have correlated with positive stock performance, particularly in tech sectors.

How important is it?

The new patent enhances Cyngn's competitive edge, likely boosting future revenue and stock appeal.

Why Long Term?

As patents secure technological advancements, they support long-term growth; past patent grants have improved company valuations.

Related Companies

CYNZ
Cyngn announces the notice of allowance for a new patent related to the Company's autonomous vehicle (AV) solutions., /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) announced the notice of allowance for a new patent related to the Company's innovative autonomous vehicle (AV) solutions. Cyngn Receives Notice of Allowance for 23rd U.S. Patent for its AI-Powered Autonomous Vehicle Technologies. The patent, Modular Sensor System For Automated Guided Vehicles, introduces a modular sensor system that is configured to be coupled to existing industrial machines while making few, if any, modifications to the industrial machine. The significance of this patent lies in the adjustability of the modular sensor system that may be used with different industrial machines having varied geometries and/or operation constraints. "Our expanding patent portfolio reinforces Cyngn's position as a technology leader," said Lior Tal, CEO of Cyngn. "We were previously granted sixteen patents in 2023 and two in 2024, bringing us to a total of 22 granted patents — a reflection of the strength of our long-term R&D and our focus on advancing autonomous capabilities. By securing IP in key areas like perception, navigation, and mapping over the past few years, we've built a strong technical foundation. Innovation and IP protection go hand in hand as we scale our DriveMod solution, and these patents enable long-term technological and commercial differentiation." A Notice of Allowance marks a key step forward in the patent application process. Upon completion, the patent will add to Cyngn's growing IP portfolio and further strengthen its position in the sector. This milestone builds on recent momentum, including the granting of the Company's 22nd patent in April and its 21st patent in October.Cyngn's patent family is comprised of the following published patents: Patent Number Title Publication Date 22. US-12,246,733-B2 SYSTEM AND METHOD OF OFF-BOARD CENTRIC AUTONOMOUS DRIVING COMPUTATION 3/11/2025 21. US-12,039,867-B2 ADAPTIVE OBJECT-BASED DECISION MAKING SYSTEM 7/16/2024 20.  US-12,032,099-B2 ADAPTIVE MOTION COMPENSATION OF PERCEPTION CHANNELS 7/09/2024 19. US-11,851,074-B2 SYSTEM AND METHODS OF LARGE-SCALE AUTONOMOUS DRIVING VALIDATION 12/26/2023 18. US-11,837,090-B2 SYSTEM AND METHODS OF ADAPTIVE TRAFFIC RULE-BASED DECISION MAKING FOR AUTONOMOUS DRIVING 12/5/2023 17. US-11,837,089-B2 MODULAR EXTENSIBLE BEHAVIORAL DECISION SYSTEM FOR AUTONOMOUS DRIVING 12/5/2023 16. US-11,767,034-B2 SYSTEM AND METHOD OF COMPUTATION ACCELERATION FOR AUTONOMOUS DRIVING SYSTEMS 9/26/2023 15. US-11,760,368-B2 SYSTEM AND METHOD OF SAME-LOOP ADAPTIVE SIMULATION FOR AUTONOMOUS DRIVING 9/19/2023 14. US-11,747,454-B2 GRANULARITY-FLEXIBLE EXISTENCE-BASED OBJECT DETECTION 9/5/2023 13. US-11,745,762-B2 SYSTEM AND METHODS OF ADAPTIVE TRAJECTORY PREDICTION FOR AUTONOMOUS DRIVING 9/5/2023 12. US-11,745,747-B2 SYSTEM AND METHOD OF ADAPTIVE DISTRIBUTION OF AUTONOMOUS DRIVING COMPUTATIONS 9/5/2023 11. US-11,745,750-B2 SYSTEM AND METHOD OF LARGE-SCALE AUTOMATIC GRADING IN AUTONOMOUS DRIVING USING A DOMAIN-SPECIFIC LANGUAGE 9/5/2023 10. US-11,679,726-B2 VEHICLE SENSOR SYSTEMS 6/20/2023 9. US-11,673,577-B2 SYSTEM AND METHODS OF ADAPTIVE RELEVANCY PREDICTION FOR AUTONOMOUS DRIVING 6/13/2023 8. US-11,668,833-B2 OBSTACLE DETECTION SYSTEMS 6/6/2023 7. US-11,651,583-B2 MULTI-CHANNEL OBJECT MATCHING 5/16/2023 6. US-11,614,527-B2 SELF-ADAPTIVE LIDAR-CAMERA SYNCHRONIZATION SYSTEM 3/28/2023 5. US-11,592,565-B2 FLEXIBLE MULTI-CHANNEL FUSION PERCEPTION 2/28/2023 4. US-11,555,928-B2 THREE-DIMENSIONAL OBJECT DETECTION WITH GROUND REMOVAL INTELLIGENCE 1/17/2023 3. US-11,372,115-B2 VEHICLE LOCALIZATION 6/28/2022 2. US-11,186,234-B2 VEHICLE SENSOR SYSTEMS 11/30/2021 1. US-11,169,271-B2 OBSTACLE DETECTION SYSTEMS 11/9/2021 For a comprehensive view of Cyngn's patents focused on modularity and flexibility of autonomous vehicle systems with multiple sensor modalities and configurations, please visit the USPTO.About CyngnCyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT160 Tuggers and BYD Forklifts.The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.Investor Contact[email protected]Media ContactLuke Renner | Head of Marketing[email protected] Find Cyngn on: Website: https://cyngn.com X: https://x.com/cyngn LinkedIn: https://www.linkedin.com/company/cyngn YouTube: https://www.youtube.com/@cyngnhq Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.SOURCE Cyngn WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News