Cyngn Accomplishes Milestone of 10 Granted Patents for Pioneering AI-Powered Autonomous Vehicle Technologies for Industrial Vehicles
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Cyngn Inc. (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, has announced that it has been granted 10 patents by the United States Patent and Trademark Office for autonomous vehicle technologies.
August 16, 2023 | 11:06 am
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Cyngn's granted patents for autonomous vehicle technologies could potentially strengthen its market position and increase its value.
Patents provide a competitive edge by protecting a company's intellectual property. With these patents, Cyngn can prevent competitors from using their autonomous vehicle technologies, potentially leading to increased market share and revenues. This could positively impact the company's stock price in the short term.
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