MOUNTAIN VIEW, Calif., March 4, 2026 /PRNewswire/ — Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) today announced a commercial contract to deploy its DriveMod Tugger at a WEG manufacturing facility in Bluffton, Indiana. The deployment will support WEG’s efforts to reallocate forklift labor from routine material transport to higher-value production and warehouse tasks.
The DriveMod Tugger will automate the movement of electric motor components between machining and warehouse areas, replacing manual forklift runs that previously moved single pallets at a time. The autonomous system supports the transport of up to 60 pallets per day, stabilizing material flow while reducing non-value-added driving and congestion on the factory floor.
“At WEG, material handlers were spending a significant portion of their time on repetitive transport runs,” said Lior Tal, Cyngn’s Chairman and Chief Executive Officer. “This deployment allows forklifts and skilled labor to remain focused on machining and warehouse operations, while DriveMod handles predictable, repeatable movement. We believe it’s a clear example of how autonomy can improve safety, utilization, and operational efficiency in manufacturing.”
WEG is a global industrial manufacturer with reported revenue of approximately $7 billion in 2024, operating branches in 41 countries with a portfolio spanning more than 1,500 product lines across five continents.
About Cyngn
Cyngn 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 MT-160 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.
Investor Contact:
Natalie Russell
CFO
investors@cyngn.com
Media Contact:
Luke Renner
Head of Marketing
media@cyngn.com
Where to Find Cyngn:
- 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/A filed with the SEC on November 14, 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.
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SOURCE Cyngn
