Customer Renews Contract as Cyngn’s Autonomous Vehicles Yield 4x Efficiency Gain
MENLO PARK, Calif., Feb. 22, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), today announced results from its customer deployment with U.S. Continental (“USC“). With a sprawling 100,000-square-foot factory, USC stands as a leading private label leather and fabric care company. USC has become the trusted partner for leading brands like Michael Kors, Birkenstock, and Monster Energy that seek top-tier commercial packaging and private label care product services. USC has enjoyed tremendous growth over the three decades it’s been in business. In that time, the company has become familiar with the hurdles intrinsic to manufacturing and distribution: supply chain disruptions, soaring labor costs, and the relentless pursuit of operational efficiency.