{"success":true,"data":{"pressRelease":{"id":"157895","rtpr_id":"nPn46Y9Bja-20261001","ticker":"CYN","exchange":"NASDAQ","all_tickers":["CYN"],"title":"Cyngn Autonomous Fleet Utilization Increased 45% Quarter Over Quarter","author":"PR Newswire","published_at":"2026-10-01T11:15:00.024Z","article_body":"Cyngn Autonomous Fleet Utilization Increased 45% Quarter Over Quarter\nPR Newswire\n\nMOUNTAIN VIEW, Calif., Oct. 1, 2026\n\nGrowth in missions, distance traveled, and autonomous driving hours reflects\nincreasing utilization across deployed customer operations\n\nMOUNTAIN VIEW, Calif., Oct. 1, 2026 /PRNewswire/ -- Cyngn (NASDAQ: CYN) today\nannounced continued growth in the utilization of its autonomous vehicle fleet\nduring the second quarter of 2026, with autonomous missions increasing 45%\nquarter over quarter and June marking a record month for fleet activity.\n\nThe increase was reflected across multiple measures of real-world vehicle\nutilization. During the second quarter, distance traveled increased 67%\nquarter over quarter, while autonomous driving hours increased 55%.\n\nThe increase comes as Cyngn continues to focus its commercial strategy on\nmoving autonomous vehicles beyond initial deployment and into recurring\nindustrial workflows. Across customer sites, DriveMod vehicles perform\nrepetitive material movement tasks designed to reduce manual transportation\nwork and help facilities operate more efficiently.\n\n\"An autonomous vehicle creates the most value when it becomes part of the\neveryday operation,\" said Cyngn CEO, Lior Tal. \"What we are seeing across the\nfleet is increasing utilization as customers incorporate autonomous material\nmovement into their regular workflows.\"\n\nCyngn's DriveMod Autonomous Tugger\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=37203858&u=https%3A%2F%2Fwww.cyngn.com%2Fvehicles%2Fautonomous-tugger&a=Cyngn%27s+DriveMod+Autonomous+Tugger)\n is designed for repetitive material movement within manufacturing and\nindustrial facilities. The system operates along established routes and is\nmanaged through Cyngn Insight, the company's fleet management software.\n\nCyngn has deployed its autonomous vehicle technology across a range of\nindustrial environments. The company is increasingly focused on applications\nwhere autonomous material movement can be deployed quickly, repeated\nconsistently, and expanded as customers identify additional routes and\nworkflows.\n\nThe second-quarter utilization growth provides another measure of that\nprogression, with increases in missions, driving hours, and distance traveled\nculminating in record fleet activity during June.\n\nAbout Cyngn\n\nCyngn develops and deploys autonomous vehicle technology\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=166493544&u=https%3A%2F%2Fwww.cyngn.com%2Fsolutions&a=autonomous+vehicle+technology)\n for industrial organizations like manufacturers\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=2145504716&u=https%3A%2F%2Fwww.cyngn.com%2Findustries%2Fmanufacturing&a=manufacturers)\n and logistics companies\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4076633468&u=https%3A%2F%2Fwww.cyngn.com%2Findustries%2Flogistics-and-3pl&a=logistics+companies)\n. The Company addresses significant challenges facing industrial organizations\ntoday, such as labor shortages and costly safety incidents.\n\nCyngn's DriveMod technology empowers customers to seamlessly bring\nself-driving technology to their operations without high upfront costs or\ninfrastructure installations. The DriveMod Tugger\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4039379888&u=https%3A%2F%2Fwww.cyngn.com%2Fvehicles%2Fautonomous-tugger&a=DriveMod+Tugger)\n hauls up to 12,000 lbs, travels inside and out, and targets a typical\npayback period of less than 2 years\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=2521636504&u=https%3A%2F%2Fwww.cyngn.com%2Fresources%2Froi-calculator&a=typical+payback+period+of+less+than+2+years)\n.\n\nInvestor Contact:\nNatalie Russell\nCFO\ninvestors@cyngn.com (mailto:investors@cyngn.com)\n\nMedia Contact:\nLuke Renner\nHead of Marketing\nmedia@cyngn.com (mailto:media@cyngn.com)\n\nWhere to Find Cyngn:\n\n * Website:\n https://cyngn.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4135662519&u=https%3A%2F%2Fcyngn.com%2F&a=%C2%A0https%3A%2F%2Fcyngn.com)\n * X:\nhttps://x.com/cyngn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=129150073&u=https%3A%2F%2Fx.com%2Fcyngn&a=https%3A%2F%2Fx.com%2Fcyngn)\n * LinkedIn:\n https://www.linkedin.com/company/cyngn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=3541464840&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcyngn&a=%C2%A0https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcyngn)\n * YouTube:\nhttps://www.youtube.com/@cyngnhq\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=3642206369&u=https%3A%2F%2Fwww.youtube.com%2F%40cyngnhq&a=https%3A%2F%2Fwww.youtube.com%2F%40cyngnhq)\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. Any statement that is not historical in nature is a\nforward-looking statement and may be identified by the use of words and\nphrases such as \"expects,\" \"anticipates,\" \"believes,\" \"will,\" \"will likely\nresult,\" \"will continue,\" \"plans to,\" \"potential,\" \"promising,\" and similar\nexpressions. These statements are based on management's current expectations\nand beliefs and are subject to a number of risks, uncertainties and\nassumptions that could cause actual results to differ materially from those\ndescribed in the forward-looking statements, including the risk factors\ndescribed from time to time in the Company's reports to the Securities and\nExchange Commission (SEC), including, without limitation the risk factors\ndiscussed in the Company's annual report on Form 10-K filed with the SEC on\nMarch 26, 2026. Readers are cautioned that it is not possible to predict or\nidentify all the risks, uncertainties and other factors that may affect future\nresults. No forward-looking statement can be guaranteed, and actual results\nmay differ materially from those projected. Cyngn undertakes no obligation to\npublicly update any forward-looking statement, whether as a result of new\ninformation, future events, or otherwise.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cyngn-autonomous-fleet-utilization-increased-45-quarter-over-quarter-302894142.html\n(https://www.prnewswire.com/news-releases/cyngn-autonomous-fleet-utilization-increased-45-quarter-over-quarter-302894142.html)\n\nSOURCE Cyngn\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1999092/CYNGN-DriveMod.jpg?id=OA2978053\nhttps://mmx.prnewswire.com/media/MS1458733/Cyngn-Logo-1.jpg?id=OA2978048\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn46Y9Bja-20261001","title":"Cyngn Autonomous Fleet Utilization Increased 45% Quarter Over Quarter","author":"PR Newswire","ticker":"CYN","created":"2026-10-01T11:15:00.024Z","tickers":["CYN"],"exchange":"NASDAQ","article_body":"Cyngn Autonomous Fleet Utilization Increased 45% Quarter Over Quarter\nPR Newswire\n\nMOUNTAIN VIEW, Calif., Oct. 1, 2026\n\nGrowth in missions, distance traveled, and autonomous driving hours reflects\nincreasing utilization across deployed customer operations\n\nMOUNTAIN VIEW, Calif., Oct. 1, 2026 /PRNewswire/ -- Cyngn (NASDAQ: CYN) today\nannounced continued growth in the utilization of its autonomous vehicle fleet\nduring the second quarter of 2026, with autonomous missions increasing 45%\nquarter over quarter and June marking a record month for fleet activity.\n\nThe increase was reflected across multiple measures of real-world vehicle\nutilization. During the second quarter, distance traveled increased 67%\nquarter over quarter, while autonomous driving hours increased 55%.\n\nThe increase comes as Cyngn continues to focus its commercial strategy on\nmoving autonomous vehicles beyond initial deployment and into recurring\nindustrial workflows. Across customer sites, DriveMod vehicles perform\nrepetitive material movement tasks designed to reduce manual transportation\nwork and help facilities operate more efficiently.\n\n\"An autonomous vehicle creates the most value when it becomes part of the\neveryday operation,\" said Cyngn CEO, Lior Tal. \"What we are seeing across the\nfleet is increasing utilization as customers incorporate autonomous material\nmovement into their regular workflows.\"\n\nCyngn's DriveMod Autonomous Tugger\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=37203858&u=https%3A%2F%2Fwww.cyngn.com%2Fvehicles%2Fautonomous-tugger&a=Cyngn%27s+DriveMod+Autonomous+Tugger)\n is designed for repetitive material movement within manufacturing and\nindustrial facilities. The system operates along established routes and is\nmanaged through Cyngn Insight, the company's fleet management software.\n\nCyngn has deployed its autonomous vehicle technology across a range of\nindustrial environments. The company is increasingly focused on applications\nwhere autonomous material movement can be deployed quickly, repeated\nconsistently, and expanded as customers identify additional routes and\nworkflows.\n\nThe second-quarter utilization growth provides another measure of that\nprogression, with increases in missions, driving hours, and distance traveled\nculminating in record fleet activity during June.\n\nAbout Cyngn\n\nCyngn develops and deploys autonomous vehicle technology\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=166493544&u=https%3A%2F%2Fwww.cyngn.com%2Fsolutions&a=autonomous+vehicle+technology)\n for industrial organizations like manufacturers\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=2145504716&u=https%3A%2F%2Fwww.cyngn.com%2Findustries%2Fmanufacturing&a=manufacturers)\n and logistics companies\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4076633468&u=https%3A%2F%2Fwww.cyngn.com%2Findustries%2Flogistics-and-3pl&a=logistics+companies)\n. The Company addresses significant challenges facing industrial organizations\ntoday, such as labor shortages and costly safety incidents.\n\nCyngn's DriveMod technology empowers customers to seamlessly bring\nself-driving technology to their operations without high upfront costs or\ninfrastructure installations. The DriveMod Tugger\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4039379888&u=https%3A%2F%2Fwww.cyngn.com%2Fvehicles%2Fautonomous-tugger&a=DriveMod+Tugger)\n hauls up to 12,000 lbs, travels inside and out, and targets a typical\npayback period of less than 2 years\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=2521636504&u=https%3A%2F%2Fwww.cyngn.com%2Fresources%2Froi-calculator&a=typical+payback+period+of+less+than+2+years)\n.\n\nInvestor Contact:\nNatalie Russell\nCFO\ninvestors@cyngn.com (mailto:investors@cyngn.com)\n\nMedia Contact:\nLuke Renner\nHead of Marketing\nmedia@cyngn.com (mailto:media@cyngn.com)\n\nWhere to Find Cyngn:\n\n * Website:\n https://cyngn.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=4135662519&u=https%3A%2F%2Fcyngn.com%2F&a=%C2%A0https%3A%2F%2Fcyngn.com)\n * X:\nhttps://x.com/cyngn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=129150073&u=https%3A%2F%2Fx.com%2Fcyngn&a=https%3A%2F%2Fx.com%2Fcyngn)\n * LinkedIn:\n https://www.linkedin.com/company/cyngn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=3541464840&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcyngn&a=%C2%A0https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcyngn)\n * YouTube:\nhttps://www.youtube.com/@cyngnhq\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785917-1&h=3642206369&u=https%3A%2F%2Fwww.youtube.com%2F%40cyngnhq&a=https%3A%2F%2Fwww.youtube.com%2F%40cyngnhq)\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. Any statement that is not historical in nature is a\nforward-looking statement and may be identified by the use of words and\nphrases such as \"expects,\" \"anticipates,\" \"believes,\" \"will,\" \"will likely\nresult,\" \"will continue,\" \"plans to,\" \"potential,\" \"promising,\" and similar\nexpressions. These statements are based on management's current expectations\nand beliefs and are subject to a number of risks, uncertainties and\nassumptions that could cause actual results to differ materially from those\ndescribed in the forward-looking statements, including the risk factors\ndescribed from time to time in the Company's reports to the Securities and\nExchange Commission (SEC), including, without limitation the risk factors\ndiscussed in the Company's annual report on Form 10-K filed with the SEC on\nMarch 26, 2026. Readers are cautioned that it is not possible to predict or\nidentify all the risks, uncertainties and other factors that may affect future\nresults. No forward-looking statement can be guaranteed, and actual results\nmay differ materially from those projected. Cyngn undertakes no obligation to\npublicly update any forward-looking statement, whether as a result of new\ninformation, future events, or otherwise.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cyngn-autonomous-fleet-utilization-increased-45-quarter-over-quarter-302894142.html\n(https://www.prnewswire.com/news-releases/cyngn-autonomous-fleet-utilization-increased-45-quarter-over-quarter-302894142.html)\n\nSOURCE Cyngn\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1999092/CYNGN-DriveMod.jpg?id=OA2978053\nhttps://mmx.prnewswire.com/media/MS1458733/Cyngn-Logo-1.jpg?id=OA2978048\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-01T11:15:00.076782925Z","server_sent_at_ms":1790853300076},"received_at":"2026-10-01T11:15:00.130Z","source_url":"https://www.prnewswire.com/news-releases/cyngn-autonomous-fleet-utilization-increased-45-quarter-over-quarter-302894142.html"},"analysis":{"id":"146544","press_release_id":"157895","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"operations_update","narrative":"Cyngn reported second-quarter fleet utilization growth, with autonomous missions up 45% quarter over quarter and June a record month for fleet activity.\n\nDistance traveled rose 67% and autonomous driving hours rose 55% quarter over quarter, reflecting customers moving DriveMod vehicles from initial deployment into recurring industrial workflows.\n\nThe release contains no financial figures, so the KPIs support the commercialization story but do not yet translate into reported revenue.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Utilization ramp at Cyngn suggests deployment-to-recurring-workflow transition, but no revenue data yet."},"keyFigures":{"customDimensions":{"missions_qoq_growth":"45%","tugger_capacity_lbs":12000,"target_payback_period":"less than 2 years","distance_traveled_qoq_growth":"67%","autonomous_driving_hours_qoq_growth":"55%"}},"quotedText":"What we are seeing across the fleet is increasing utilization as customers incorporate autonomous material movement into their regular workflows.","namedEntities":{"people":[{"name":"Lior Tal","role":"CEO"},{"name":"Natalie Russell","role":"CFO"}],"products":["DriveMod Tugger","DriveMod","Cyngn Insight"],"companies":[{"name":"Cyngn","ticker":"CYN","relationship":"filer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Positive operating KPIs (missions +45% QoQ, distance +67%, driving hours +55%) signal commercial traction, but no revenue, earnings, or financial figures are disclosed."},"tickerRelevance":{"others":[],"primary":"CYN"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"operational-kpi-update","financialDisclosure":false,"retailFavoriteBoost":"small"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Cyngn reported second-quarter fleet utilization growth, with autonomous missions up 45% quarter over quarter and June a record month for fleet activity.\n\nDistance traveled rose 67% and autonomous driving hours rose 55% quarter over quarter, reflecting customers moving DriveMod vehicles from initial deployment into recurring industrial workflows.\n\nThe release contains no financial figures, so the KPIs support the commercialization story but do not yet translate into reported revenue.","key_figures":{"customDimensions":{"missions_qoq_growth":"45%","tugger_capacity_lbs":12000,"target_payback_period":"less than 2 years","distance_traveled_qoq_growth":"67%","autonomous_driving_hours_qoq_growth":"55%"}},"named_entities":{"people":[{"name":"Lior Tal","role":"CEO"},{"name":"Natalie Russell","role":"CFO"}],"products":["DriveMod Tugger","DriveMod","Cyngn Insight"],"companies":[{"name":"Cyngn","ticker":"CYN","relationship":"filer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T11:15:04.775Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"micro-cap","eventGravity":"operational-kpi-update","financialDisclosure":false,"retailFavoriteBoost":"small"}},"durationMs":4618,"modelName":"glm-5.3-flashx"}}