Cyngn Inc.

Company Overview Cyngn Inc. is an autonomous vehicle ( AV ) technology company that is focused on addressing industrial uses for autonomous vehicles. We believe that technological innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, high labor costs, and work safety. We integrate our full-stack autonomous driving software, DriveMod, onto vehicles manufactured by Original Equipment Manufacturers ( OEM ) by integration directly into vehicle assembly. We design the DriveMod to be compatible with sensors and components from leading hardware technology providers and integrate our proprietary AV software to produce differentiated autonomous vehicles. Autonomous driving has common technological building blocks that remain similar across vehicles and applications. By tapping into these building blocks, DriveMod is designed to deliver autonomy to new vehicles via streamlined hardware/software integration. This vehicle-agnostic approach enables DriveMod to expand to new vehicles and novel operational design domains ( ODD ). In short, nearly every industrial vehicle, regardless of use case, can move autonomously using our technology. Our approach accomplishes several primary value propositions: 1. Provide autonomous capabilities to industrial vehicles built by established manufacturers that are already trusted by customers. 2. Generate continual customer value by leveraging the synergistic relationship of autonomous vehicles and data. 3.