Cyngn announced that Global Logistics and Fulfillment LLC (“GLF”), a premier warehousing and fulfillment provider, has engaged the Company as its exclusive autonomous vehicle (“AV”) solutions provider. This follows a successful 2021 pilot deployment at GLF's Las Vegas distribution center, which included Cyngn's AV technology integrated into Columbia's Stockchaser. By choosing Cyngn as its exclusive AV solutions provider, GLF will be able to leverage Cyngn's Enterprise Autonomy Suite (“EAS”) to streamline operations, enable its team members to stay focused on their most mission-critical tasks, and benefit from unprecedented visibility into its core business.

With the help of Cyngn, GLF has identified applications for autonomous vehicles across GLF's expanding footprint, including additional locations in Nevada and California. Cyngn's Enterprise Autonomy Suite comprises a slate of products that includes DriveMod: Cyngn's AI-powered AV technology stack, and Cyngn Insight: software tools for data analytics, fleet management, and operational insights. EAS is a comprehensive solution that makes it easy to transform data into action by giving operators the information they need to run their organizations more efficiently with AVs that create new layers of safety while addressing the ongoing challenges of labor shortages, which underpins Cyngn's $119 billion market opportunity estimate for its material handling AV solutions.