Greenland Technologies Chooses Cyngn to Bring Autonomous Vehicle Technology to Their Fleet of Lithium-Powered Electric Forklifts


Cyngn (Nasdaq: CYN), a developer of autonomous vehicle solutions for industrial fleets, and Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland“), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery and vehicles, today announced they are embarking on a strategic partnership whereby Cyngn will bring its self-driving vehicle capabilities to Greenland forklifts with its proprietary Enterprise Autonomy Suite (EAS). Integration of EAS will enable Greenland forklifts to switch easily between fully autonomous, manual, and remotely-controlled modes. Organizations that run Cyngn’s autonomous vehicle technology also gain access to a breadth of analytics and software tools to generate operational insights and optimizations.

“Currently, there are over 850,000 forklifts operating in the United States alone,” stated Lior Tal, Cyngn’s Chairman and CEO. “Greenland is a recognized leader in the electric industrial vehicle and equipment space, and this partnership provides an important opportunity to bring self-driving capabilities to this widely-used and ubiquitous vehicle type.”

Raymond Wang, CEO of Greenland, added, “This partnership is another major development as we execute on our plans to bring the most innovative technology to our customers. Autonomous forklifts will not only make it easier for our customers to get work done and provide them with data that has never been available before, but the technology will also help them achieve their environmental sustainability goals by operating vehicles more efficiently.”

Greenland’s GEF Electric Lithium Forklifts are designed with varying rated load capabilities and suited for a wide range of applications, including logistics, warehousing, manufacturing and more. In the months ahead, Cyngn and Greenland plan to bring self-driving capabilities to Greenland’s other vehicles: the electric loader and the electric excavator.


Airbiquity Partners with Cyngn to Help Material Handling Companies Evolve Vehicle Fleets into Autonomous Systems


Airbiquity®, a global leader of connected vehicle services, today announced its partnership with Cyngn, an autonomous vehicle (AV) technology provider. Cyngn’s flagship product, DriveMod, is an end-to-end autonomy solution that can be flexibly deployed on multiple vehicle types in various environments. By integrating Airbiquity’s OTAmatic® over-the-air software management platform and the Cyngn DriveMod autonomous driving system, organizations can invest in industrial AV technology that starts generating value today while being prepared to tackle the challenges of tomorrow. According to Global Market Insights Inc., the material handling equipment market is estimated to reach US $200 billion by 2027.

Industrial AV solutions often require companies to replace their entire existing vehicle fleet. The Airbiquity and Cyngn partnership shifts that paradigm. The technology stack that results from this partnership will enable companies operating in the materials handling market to securely evolve their vehicle fleets into AV systems that can be updated and refined over time, leading to increased autonomous fleet management efficiency and up-time.

“On the heels of announcing our OTAmatic expansion into non-automotive industry vehicles, this partnership is further validation of the need for safe and secure industrial grade over-the-air software update management technology to ensure that autonomous vehicles are running most efficiently,” said Kamyar Moinzadeh, President and CEO of Airbiquity. “Working with Cyngn, we have the opportunity to help guide the future of autonomous vehicles and make our technology accessible to more industries.”

OTAmatic is an over-the-air (OTA) software and data management solution that securely orchestrates and automates connected vehicle software updates and data management from the cloud. Businesses use OTAmatic to efficiently plan and execute OTA campaigns with refined vehicle and device targeting, discrete policy and privacy controls, customizable user communications, and solution deployment flexibility.

“Autonomous vehicle fleets generate vast amounts of data, which we leverage to derive greater insights and create opportunities for increased efficiency,” said Cyngn’s CEO Lior Tal. “By using Airbiquity’s most advanced and industry-proven over-the-air update technology, companies gain access to these ever-expanding capabilities without disrupting their daily operations.”

DriveMod is Cyngn’s full-stack autonomous vehicle solution, delivering intelligent analytics, artificial intelligence, advanced safety features, and self-driving capabilities for industrial vehicles. The technology is vehicle agnostic, which means DriveMod works across all kinds of industrial vehicles, regardless of age, vehicle type, or manufacturer. DriveMod enables fleets of all shapes and sizes to drive autonomously via a simple retrofit or by being embedded directly into original equipment manufacturer (OEM) vehicles at assembly.

Over time and with more data, DriveMod will develop a deeper understanding of the domains in which it operates. This information, combined with OTAmatic’s over-the-air software updates, will ensure autonomous vehicle fleets continue to generate novel value and efficiencies.