EAS

Cyngn Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

Third quarter revenue was $25.2 thousand compared to no revenues in the third quarter of 2022.

Key Points: 
  • Third quarter revenue was $25.2 thousand compared to no revenues in the third quarter of 2022.
  • Total costs and expenses in the third quarter were $5.6 million, an increase from $5.3 million in the third quarter of 2022.
  • Net loss for the third quarter was $(5.5) million compared to $(5.3) million in the corresponding quarter of 2022.
  • Third quarter 2023 net loss per share was $(0.14), based on basic and diluted weighted average shares outstanding of approximately 37.8 million in the quarter.

NumbersUSA Will Discuss New Idaho Sprawl Study in Cataldo on Sunday, October 29, 2023

Retrieved on: 
Wednesday, October 25, 2023

ARLINGTON, Va., Oct. 25, 2023 /PRNewswire/ -- NumbersUSA will present the findings from its Idaho sprawl study and survey of likely voters in Idaho this Sunday.

Key Points: 
  • ARLINGTON, Va., Oct. 25, 2023 /PRNewswire/ -- NumbersUSA will present the findings from its Idaho sprawl study and survey of likely voters in Idaho this Sunday.
  • The Kootenai/Shoshone Farm Bureau will host this event on Idaho Sprawl.
  • LOCATION: The Country Barn in Cataldo, Idaho
    PRESENTATION: Leon Kolankiewicz , the Idaho sprawl study's lead author, will give the presentation.
  • NumbersUSA Outreach Liaison and Idaho resident Rob Harding will attend the event and participate in a Q&A session.

Introducing CONTROLTEK's Exclusive High Security EAS Tag and Detacher Solution

Retrieved on: 
Thursday, October 19, 2023

CONTROLTEK's High Security EAS tags offer a unique detaching method which can only be opened with the patented High Security Detacher, making them resistant to traditional magnetic detachers easily accessible by thieves.

Key Points: 
  • CONTROLTEK's High Security EAS tags offer a unique detaching method which can only be opened with the patented High Security Detacher, making them resistant to traditional magnetic detachers easily accessible by thieves.
  • CONTROLTEK's new High Security EAS Tags are designed to put an end to this problem, offering an innovative locking mechanism and specialized detachment process, this tag and detacher combo can only be used in tandem.
  • In an era marked by increased retail security challenges, CONTROLTEK's High Security EAS Tags and Detachers empower retailers to deter, detect, and combat theft effectively.
  • Elevate your loss prevention strategy and safeguard high-value items with CONTROLTEK's High Security EAS Tag line.

From the Tax Law Offices of David W. Klasing - New IRS Unit Targets High-Income Individuals and Pass-Through Entities

Retrieved on: 
Friday, October 6, 2023

This new unit will be integrated into the LBI division and incorporate individuals recruited through a recent IRS hiring initiative.

Key Points: 
  • This new unit will be integrated into the LBI division and incorporate individuals recruited through a recent IRS hiring initiative.
  • IRS Commissioner Danny Werfel emphasized the agency's commitment to ensuring that the wealthiest taxpayers fully fulfill their tax obligations.
  • These entities pass their income through to individual or corporate owners and are taxed at their respective income tax rates.
  • Regardless of your business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you.

tru Independence Launches $165 Million Independent Advisory Firm 44 North Capital

Retrieved on: 
Tuesday, September 19, 2023

tru Independence , (“tru”) a $10.5 billion and growing national independent advisory platform for investment professionals, today announced its partnership with 44 North Capital (“44 North”), supporting the Vermont-based wirehouse breakaway.

Key Points: 
  • tru Independence , (“tru”) a $10.5 billion and growing national independent advisory platform for investment professionals, today announced its partnership with 44 North Capital (“44 North”), supporting the Vermont-based wirehouse breakaway.
  • The addition of 44 North to tru’s community of advisors marks the fifth team tru has partnered with year to date, totaling $2.1 billion.
  • “The addition of 44 North to the tru advisory community is another great example of our appeal to growth-centric, advisors,” said Amit Dogra , President and Chief Innovation Officer of tru.
  • “Jon and the team at 44 North were looking for solutions that were forward looking, innovative and made the complex business of being an advisory firm simple.

Double Launches AI Delegation Tool to Unleash the Powerful Duo of AI Technology + Human Executive Assistants

Retrieved on: 
Wednesday, September 13, 2023

With Mingo, executives using Double can focus their energy on critical bottom-line responsibilities, knowing their assistants have all the information to complete delegated tasks.

Key Points: 
  • With Mingo, executives using Double can focus their energy on critical bottom-line responsibilities, knowing their assistants have all the information to complete delegated tasks.
  • Productivity apps and newly launched AI assistant services lack the personalized attention, context, and nuance executives receive from human-powered support.
  • Even the most skilled executive assistants, and the most well-meaning executive, can find themselves grappling with unclear task parameters.
  • Mingo’s intuitive, always online AI technology ensures details for a task are collected in real-time, for easy hand-offs to executive assistants.

Sensormatic Solutions holistic loss prevention tools support retailers in escalating fight against theft and shrink

Retrieved on: 
Wednesday, September 6, 2023

Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls , shows its continued commitment to supporting retailers through innovation.

Key Points: 
  • Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls , shows its continued commitment to supporting retailers through innovation.
  • Datasets from throughout the store come together to put control back into retailers’ hands and inform more effective, holistic loss prevention strategies built on:
    Connectivity.
  • Sensormatic Solutions loss prevention portfolio empowers retailers with the holistic solutions they need to remain agile and effective in the face of rising retail crime.
  • The brand’s solutions are designed for easy adoption, helping retailers seamlessly integrate advanced hardware and software into existing loss prevention systems.

Cyngn's Proprietary Computer Vision Achieves Arauco's Complex Application Requirements by Utilizing Ouster Lidar in a Multi-Sensor System

Retrieved on: 
Tuesday, August 22, 2023

MENLO PARK, Calif., Aug. 22, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently secured a pre-order of 100 DriveMod Forklifts from Arauco, a global provider of sustainable forestry products. Once deployed, this order represents up to $5 million in annual recurring EAS license revenues while addressing only a small portion of Arauco's existing forklift fleet.

Key Points: 
  • Arauco initially selected Cyngn for the project based on the Company's demonstrated ability to operate many different vehicle types autonomously using its advanced DriveMod software.
  • With advanced lidar sensing, the DriveMod platform performs at levels higher than autonomous industrial vehicles that use legacy sensor technology.
  • "Cyngn is pushing the boundaries of industrial autonomy with their AI-powered DriveMod platform," said Angus Pacala, CEO of Ouster.
  • Cyngn developed proprietary computer vision algorithms that are bundled into a Pallet Stack Attribute Estimation sub-system within the DriveMod perception stack.

From the Tax Law Offices of David W. Klasing - How to Handle an IRS Audit that Could be a Clandestine Criminal Tax Investigation

Retrieved on: 
Friday, August 18, 2023

If you are the subject of an IRS audit that could be a clandestine criminal tax investigation , it is imperative that you hire legal representation as quickly as you can.

Key Points: 
  • If you are the subject of an IRS audit that could be a clandestine criminal tax investigation , it is imperative that you hire legal representation as quickly as you can.
  • To alleviate anxieties related to unexpected IRS visits, it's essential to understand the different civil and criminal enforcement arms of the IRS.
  • A Reverse Eggshell Audit is a disguised IRS criminal tax investigation posing as a civil audit.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

Cyngn Continues its Commercial and Technological Momentum for AI-Powered Autonomous Vehicle Solutions

Retrieved on: 
Thursday, August 17, 2023

Our DriveMod Forklift launch was well received, and we are actively working to sign-up new commercial customers and deployments.

Key Points: 
  • Our DriveMod Forklift launch was well received, and we are actively working to sign-up new commercial customers and deployments.
  • Key 2023 Milestones and Achievements:
    Recently signed customer contracts: Cyngn signed two high-profile customers for DriveMod's autonomous vehicle technology.
  • In July, Cyngn partnered with Motrec , a manufacturer of electric industrial vehicles to integrate Cyngn's autonomous technology into Motrec's autonomous tuggers.
  • Real-world demonstrations: Cyngn recently kicked off the first leg of its Autonomous Vehicle Roadshow in Sacramento, California.