MENLO PARK, Calif., Might 27, 2022–(BUSINESS WIRE)–Cyngn (or the “Firm”) (NASDAQ: CYN), a developer of modern autonomous driving software program options for industrial and business functions, right this moment introduced its collaboration with Qualcomm Applied sciences, Inc. to exhibit autonomous cell robots (AMRs) powered by the Qualcomm Robotics RB5 Platform on the Hannover Messe Expo.
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Cyngn is collaborating with Qualcomm Applied sciences, Inc. on an exhibit of commercial AMR know-how powered by Qualcomm Robotics RB5 Platform on the Hannover Messe Expo in Germany Might thirtieth to June 2nd. Supply: Cyngn
Cyngn and Qualcomm Applied sciences shall be showcasing Cyngn’s DriveMod-powered Columbia Stockchaser, an industrial AMR powered by the Qualcomm Robotics RB5 Platform. The answer is a sophisticated computing platform which affords the high-capacity processing required for the subsequent era of AI, machine studying, and clever sensing industrial robots with decreased energy consumption.
“The commercial AMRs that our know-how powers right this moment course of knowledge and make choices from a mess of sensors in real-time, and Qualcomm Applied sciences’ main robotics options together with the Qualcomm Robotics RB5 Platform and the Qualcomm Robotics RB6 platform are driving Cyngn’s superior robotics with a superb AI processing-to-power ratio. As a pacesetter in 5G, Qualcomm Applied sciences will assist help the development of teleoperation, accelerated knowledge switch charges, and even opens novel high-accuracy localization options,” mentioned Lior Tal, Cyngn’s CEO. “We’re proud to be exhibiting along with Qualcomm Applied sciences on the largest industrial know-how convention on the earth – Hannover Messe.”
The Hannover Messe is among the world’s largest commerce expositions, and is concentrated solely on trade growth. On common, the Hannover Messe options roughly 6,500 exhibitors, with a mean of 250,000 guests. This yr’s occasion shall be held on Might 30 – June 2, 2022, on the Hanover Fairgrounds in Hanover, Germany.
Superior processing and community speeds facilitate the event of progressively smarter robots which can be capable of swiftly negotiate essential choices. The protection issue is paramount for industries reminiscent of manufacturing, logistics, mining, and building who depend on AMRs for each operational effectivity and improved security. The elevated knowledge processing and community velocity/availability additionally contribute considerably to the capabilities of the Cyngn Perception analytics platform, which gathers automobile knowledge to supply prospects with real-time, actionable knowledge.
“We’re happy to work with Cyngn to help the proliferation of 5G AMRs that can drive operational efficiencies and help enterprise resiliency in an more and more digital financial system. Our main robotics options – the Qualcomm Robotics RB6 platform and the Qualcomm Robotics RB5 platform – ship premium capabilities with high-capacity, low energy, and cutting-edge 5G and AI capabilities to gas the event of smarter and safer business AMRs,” mentioned Dev Singh, senior director, enterprise growth, and head of autonomous robotics, drones and clever machines at Qualcomm Applied sciences, Inc.
Cyngn is an autonomous automobile know-how firm that’s centered on addressing industrial makes use of for autonomous automobiles. Cyngn believes that technological innovation is required to allow adoption of autonomous industrial automobiles that can handle the substantial trade challenges that exist right this moment. These challenges embody labor shortages, lagging technological developments from incumbents, and excessive upfront funding necessities. Cyngn addresses these challenges with its Enterprise Autonomy Suite, which incorporates DriveMod (modular industrial automobile autonomous driving software program), Cyngn Perception (customer-facing software program suite for monitoring/managing AV fleets and aggregating/analyzing knowledge), and Cyngn Evolve (inner toolkit that permits Cyngn to leverage knowledge from the sphere for synthetic intelligence, simulation, and modeling).
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This press launch comprises forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Any assertion that isn’t historic in nature is a forward-looking assertion and could also be recognized by means of phrases and phrases reminiscent of “expects,” “anticipates,” “believes,” “will,” “will doubtless outcome,” “will proceed,” “plans to,” “potential,” “promising,” and comparable expressions. These statements are based mostly on administration’s present expectations and beliefs and are topic to a variety of dangers, uncertainties and assumptions that would trigger precise outcomes to vary materially from these described within the forward-looking statements, together with the danger components described infrequently within the Firm’s stories to the SEC. No forward-looking assertion will be assured, and precise outcomes might differ materially from these projected. Cyngn undertakes no obligation to publicly replace any forward-looking assertion, whether or not on account of new info, future occasions, or in any other case. Readers are cautioned that it’s not attainable to foretell or determine all of the dangers, uncertainties and different components that will have an effect on future outcomes.
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Vice President, The Fairness Group
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