New Revenue Stream and 5,500 Pounds of Towing Capacity: Cyngn Collaborates with Jtec Industries
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.
- 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 Cyngn and Jtec, the collaboration will lead to additional revenue opportunities.
- The “mother” remains attached to the autonomous vehicle at all times, while the “daughter” can be moved around and loaded with goods.
- For Jtec, the relationship is an opportunity to position itself with an excellent future-facing autonomous vehicle company.