MENLO PARK, Calif.–(BUSINESS WIRE)–Cyngn Inc. (the “Company” or “Cyngn”) (NASDAQ: CYN), the industrial autonomous vehicle company, announced today that it is working alongside Jtec Industries, the leading manufacturer of material handling carts. For end users, the collaboration will bring a sophisticated cart system to its autonomous vehicle deployments. For Cyngn and Jtec, the collaboration will lead to additional revenue opportunities.
Jtec’s CarryMore Cart consists of two parts. The “mother” remains attached to the autonomous vehicle at all times, while the “daughter” can be moved around and loaded with goods. Once loaded, workers lock the daughter cart into the mother and send the vehicle on its way.
“We’re pleased to promote Jtec’s CarryMore Mother/Daughter Cart to give our autonomous vehicle customers more options for getting work done,” said Cyngn’s CEO Lior Tal. “Our vehicles are able to tow heavy loads that are often required in manufacturing facilities and other operations that move materials on pallets that would be impossible with most AGVs and AMRs. It’s a natural fit for vehicles that tow cargo to cross-sell carts.”
Already, the alliance is having an impact. Recently, Cyngn announced a new deployment at the leather care products manufacturer, US Continental Packaging. The California-based facility plans to use Cyngn’s DriveMod-enabled Stockchaser with Jtec’s CarryMax Carts in tow.
For Jtec, the relationship is an opportunity to position itself with an excellent future-facing autonomous vehicle company. “Cyngn has brought an effective autonomous industrial vehicle solution that complements our products very well, and we’re excited to work with them on another deployment,” added Ty Overcash, Jtec’s Director of Automation. “We worked closely with US Continental Packaging to evaluate their material handling needs and have customized the perfect cart for their use case. This opportunity is a great fit for Jtec and Cyngn.”
Jtec’s cart system flexibility is just one of the many benefits to bringing autonomous capabilities to material handling vehicles like the Stockchaser. Another, of course, is the stock chaser’s impressive towing capacity.
“A high towing capacity means that our autonomous vehicle solutions work in more places,” Tal explained. “Our customers are able to use these deployments to move massive pieces of equipment and heavier loads to support their manufacturing processes in ways that would be impossible with plastic AGVs.”
About Jtec Industries
Jtec Industries is a manufacturing company specializing in material handling equipment solutions. They are a B2B provider and are the inventors and manufacturers of the CarryMore Tugger Cart System, a fully mechanical Mother/Daughter cart tugging solution which enables customers to tug parts, assemblies, and materials of all sizes throughout manufacturing, assembly and distribution centers. Jtec products help to lower costs, increase productivity, and improve safety in every facility which incorporates their system. Located in East Peoria, Illinois, Jtec serves markets throughout the world. Visit their website at: www.jtecindustries.com.
Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn’s self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce.
Cyngn’s DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.
Cyngn’s flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modelling).
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