Cyngn CEO Outlines New Pillars of Its Growth Strategy

MOUNTAIN VIEW, Calif., Oct. 7, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) issued a letter from the CEO:

Dear Shareholders,

I want to begin by thanking you for your continued support and confidence in Cyngn. As we advance our mission to deliver autonomous driving solutions for industrial and commercial applications, I would like to share with you the strategic initiatives we are pursuing to accelerate growth and create long-term shareholder value.

Over the past year, we have made meaningful progress in strengthening our core business. Our technology is proving its potential to transform industries that depend on heavy equipment and logistics, and we are steadily building a foundation for scalable growth.

To build on this momentum, we are adding two new pillars to our growth strategy:

These two initiatives, combined with the continued advancement of our core technology, represent a balanced approach to growth.

We are focused on driving both near-term revenue expansion and long-term shareholder value creation. Our management team is committed to executing this strategy with discipline and transparency, ensuring that every decision we make is aligned with the best interests of our investors.

To support both our asset acquisition strategy and potential investments in adjacent businesses, Cyngn filed a shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission. This step will provide the company with the flexibility to raise the necessary capital while aligning our financing structure with long-term growth objectives. We are committed to doing so in a manner that balances the need for expansion with the interests of our existing shareholders.

We are at an exciting inflection point. By augmenting our technology with strong assets and complementary businesses, we are positioning Cyngn to become a leader in the industrial automation ecosystem. I am confident that the strategy we are pursuing will enable us to accelerate our growth trajectory and unlock new opportunities for sustainable value creation.

Thank you for being part of our journey. I look forward to keeping you updated as we execute against these goals.

Sincerely,
Lior Tal

Chief Executive Officer
Cyngn

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.

Investor Contact:
Natalie Russell
Chief Financial Officer
investors@cyngn.com

Media Contact:
Luke Renner
Head of Marketing
media@cyngn.com

Where to Find Cyngn:

• Website: https://cyngn.com
• X: https://x.com/cyngn
• LinkedIn: https://www.linkedin.com/company/cyngn
• YouTube: https://www.youtube.com/@cyngnhq

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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SOURCE Cyngn