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Cyngn Regains Nasdaq Compliance and Confirms No Increase in Authorized Shares

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MENLO PARK, Calif., July 22, 2024 /PRNewswire/ — Cyngn Inc. (Nasdaq: CYN) (or the “Company”) announced today that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq’s Capital Market’s minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market’s listing requirements and the Company’s common stock will continue to be listed and traded on Nasdaq.

In addition to achieving compliance with NASDAQ’s listing standards, Cyngn confirms that despite recently receiving approval from shareholders to increase authorized shares outstanding, the Company has chosen not to proceed with this authorization at this time. This decision reflects Cyngn’s strategy to maintain a disciplined approach to capital structure and shareholder dilution.

“We are pleased to have regained compliance with Nasdaq’s listing standards,” said Lior Tal, CEO of Cyngn. “We are committed to maintaining the trust and confidence of our shareholders so that we can continue to focus on our strategic objectives and delivering value to our shareholders.

Cyngn remains dedicated to advancing its mission of developing cutting-edge autonomous driving technology for industrial and commercial applications. The company looks forward to continued progress and delivering value to its shareholders.

About Cyngn

Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn’s self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand from eCommerce.

Cyngn’s DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.

Cyngn’s flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).

Where to Find Cyngn

Website: https://cyngn.comTwitter: http://twitter.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhq

Investor Contact:
Don Alvarez
investors@cyngn.com 

Media Contact
Luke Renner
media@cyngn.com 

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 SEC, including, without limitation the risk factors discussed in the Company’s annual report on Form 10-K filed with the SEC on March 7, 2024. 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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Cien’s AI GTM Analytics Platform Launches on Microsoft Azure Marketplace

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Cien.ai, a leading Go-To-Market AI Analytics platform, is thrilled to announce the launch of its GTM Suite on Microsoft’s Azure Marketplace

DALLAS, Sept. 27, 2024 /PRNewswire-PRWeb/ — Cien.ai, a leading Go-To-Market AI Analytics platform, is thrilled to announce the launch of its GTM Suite on Microsoft’s Azure Marketplace. This solution represents a significant advancement in AI-driven analytics, designed to help businesses unlock deeper insights, drive smarter decisions, and accelerate growth.

“We are excited to bring our cutting-edge Sales & Marketing analytics solution to the Microsoft Azure Marketplace,” said Rob Kall, CEO at Cien

GTM Suite from Cien.ai is a cloud-based data analytics platform that helps enterprises analyze their CRM data to quickly identify and unlock missed revenue opportunities. By integrating seamlessly with Azure’s robust cloud infrastructure, Cien’s offering ensures that businesses of all sizes can harness the power of their data with ease and efficiency.

Key Features:

Cleans and standardizes messy CRM dataFull Go-To-Market productivity analysisAI-Powered propensity models tuned to your dataReal-time monitoring of pipeline creationActionable insights in 5-7 business days

“We are excited to bring our cutting-edge Sales & Marketing analytics solution to the Microsoft Azure Marketplace,” said Rob Kall, CEO at Cien. “This launch marks a significant milestone in our mission to make our platform more accessible. Many of our partners and clients are consultancies and PE firms with existing Microsoft relationships. Adding GTM Suite to their Analytics Stack is now as easy as a click of a button!”

About Cien:

Cien.ai, founded in 2016, helps you analyze and transform B2B Go-To-Market teams faster, deeper, and more cost-efficient than ever before. Cien.ai delivers platform and data products that do not require complicated rollouts. They work even when your CRM data and other sources are imperfect, and can run in your cloud infra, so it fits your overall AI and data strategy. The company offers tailored solutions for Management Consultants, Private Equity, Financial Services, and other B2B Enterprise companies. For more information visit www.cien.ai

About Microsoft Azure Marketplace

The Microsoft Azure Marketplace is a comprehensive platform that offers a wide range of applications and services tailored for businesses of all sizes. With thousands of solutions available, organizations can quickly find and deploy the tools they need to improve productivity, enhance security, and streamline their operations.

Media Contact

Rob Kall, Cien, Inc., 1 (305) 496-4404, rob.kall@cien.ai, www.cien.ai

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Quantum Computing and AI Providing Boosts to Both Data and Physical Security

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USA News Group Commentary
Issued on behalf of Scope AI Corp.

VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ — USA News Group – While the world is already witnessing a revolution in artificial intelligence (AI) tools, how tech is applied to our security is about to change. With the rise of upcoming quantum computing power, cybersecurity leaders in the USA are hard at work studying the systems and technology that can withstand the oncoming wave potential new threats to data security. The National Institute of Standards and Technology (NIST) recently published the world’s first three official post-quantum cryptographic algorithms and tools designed to protect against future attacks. Meanwhile, in the wake of the 2024 Olympic Games, AI also had an impact on event security. Several tech developers are currently working on AI-powered security for the future, with recent developments coming from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Rigetti Computing, Inc. (NASDAQ: RGTI), Samsara Inc. (NYSE: IOT), Evolv Technologies Holdings, Inc. (NASDAQ: EVLV),and Credo Technology Group Holding Ltd. (NASDAQ: CRDO).

Reflecting a strategic evolution beyond AI into a broader spectrum of cutting-edge technologies, Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) recently announced its name change, moving on from its former Scope AI moniker. The name change came swiftly from the company’s recent closing of its quantum security technology acquisition, the QSE Quantum Gateway.

“Our new name better reflects the company’s evolution,” said James Young, CEO of Scope Technologies. “While AI remains a core part of our business, we are now a broader technologies company, actively developing innovative solutions in data security, quantum security and AI neural networks. This rebranding aligns with our mission to provide advanced technological solutions that meet the growing demands of businesses across multiple industries.”

Now in its ongoing drive for innovation, Scope Technologies is upgrading the QSE platform by integrating its proprietary AI neural networks and advanced visual recognition capabilities. Recently Scope announced improved QSE scalability and speed. These enhancements will significantly boost the platform’s ability to identify potential threats and secure data with greater speed and precision, solidifying Scope Technologies’ position as a frontrunner in the quantum security industry.

Another tech developer working to improve quantum computing capabilities is Rigetti Computing, Inc. (NASDAQ: RGTI, RGTIW), a pioneer in full-stack quantum-classical computing, which recently introduced a novel chip fabrication process for scalable, high performing quantum processing units (QPUs), dubbed Alternating-Bias Assisted Annealing (ABAA). The new process was detailed in a paper recently published in Nature Communications Materials. According to Rigetti, ABAA allows for more precise qubit frequency targeting, enabling improved execution of 2-qubit gates and improvement in performance, which both contribute to higher fidelity. Rigetti is already leveraging this technique to fabricate chips for its QPUs, including the NoveraTM QPU, and the upcoming AnkaaTM-3 system.

“We’ve long known that having our own foundry is a tremendous asset to our chip design and fabrication processes,” said Dr. Subodh Kulkarni, CEO of Rigetti. “Introducing the ABAA technique is a perfect example of our ability to rapidly test and implement new methods to improve our capabilities. We believe this new technique strengthens our path to scaling to even higher qubit count systems with greater control over our qubit performance.”

AI and tech innovation is not only improving data security, but physical security as well.

For example, cloud-connected operations experts Samsara Inc. (NYSE: IOT) recently announced it had vastly improved the safety of fleet operations by implementing advanced AI solutions for Lanes Group (the UK’s largest provider of wastewater solutions). As per the release, Lanes Group saw its safety scores improved by 72% and a boost in driver engagement, after eight months with Samsara.

“The number one priority for our customers is getting their drivers home safe at night, and at Samsara, we’re committed to helping them achieve that goal,” said Philip van der Wilt, SVP and GM EMEA at Samsara. “With Lanes Group providing vital services up and down the UK, having full visibility of its fleet has been key to transforming its day-to-day operations. But, our approach doesn’t just provide better visibility into safety—it enables behavioural and cultural change that ultimately saves lives.”

Also in Europe, AI-based screening security technology company Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) recently announced how it helped to protect European events this summer. In particular, Evolv served as a security screening provider for one of the world’s largest global sporting competitions that took place in Europe, screening over five million people, including 10,000 competing athletes, fans and media.

Prior to the announcement, Evolv was awarded a patent issued by the United States Patent and Trademark Office (USPTO) that covers the differentiating technology used in its flagship Evolv Express offering. Launched in 2019, Evolv Express leverages cutting-edge sensor technology and artificial intelligence to accurately identify and differentiate various potential threats from everyday objects like phones and keys. Its primary goal is to efficiently screen visitors while minimizing entry point delays and maintaining smooth traffic flow.

“The technology covered by this patent is foundational to Evolv Express and what we believe sets us apart from other weapons detection systems,” said Michael Ellenbogen, co-founder and chief innovation officer at Evolv Technology. “The patent reminds us how important innovation is to drive advancement in the physical security industry, which, until Evolv Express, had remained relatively unchanged over the past 100 years.”

Helping for better connection and speed for data transfers, Credo Technology Group Holding Ltd. (NASDAQ: CRDO) is set to showcase its optical solutions at the upcoming 25th China Intenrational Optoelectronic Exposition (CIOE). Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements throughout the data infrastructure market.

“Credo is excited to showcase our latest 400G and 800G optical DSP innovations for AI networking, where we can connect with our customers from around the globe,” said Chris Collins, Associate Vice President of Marketing for Credo. “CIOE is renowned for bringing together the best and brightest in the optoelectronics industry, and I look forward to meeting with our customers to align our cutting-edge solutions with their evolving needs.”

Credo is also coming off releasing positive Q2 FY2025 financial results, that included revenue of $59.7 million, representing a growth of 70% year over year.

Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/ 

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope AI Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope AI Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope AI Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope AI Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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SCORE Announces Winners of its Small Business Pitch Competition in Los Angeles

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LOS ANGELES, Sept. 27, 2024 /PRNewswire/ — SCORE, the nation’s largest network of volunteer, expert business mentors, announced the three winning small business owners of its 60th Anniversary Pitch Competition held on Sept. 26 at The Kimpton Everly Hotel in Los Angeles, one of the host cities of the nationwide event. The competition is an avenue for small business owners to showcase their presentation and selling skills to industry experts, win funding and gain valuable knowledge and mentorship, all at no cost. More than 2,200 small business owners applied to participate.

The three winning businesses in the Los Angeles pitch event are:

First Place:
Diana Jarrar – Magic Dates (Los Angeles, CA)
Magic Dates, LLC offers innovative snack bites made from dates and other nutritious ingredients, such as walnuts and cacao. Inspired by Diana’s Syrian heritage, the products are designed to be healthy alternatives to traditional snacks, being plant-based, paleo, gluten-free and grain-free, with no added sugars. Popular flavors include Triple Choco Crunch and Salted Walnut Brownie. Diana earned the top prize of $20,000 for her pitch. She plans to use her prize to enhance inventory and production, establish affiliate influencer partnerships, fund pay-per-click campaigns on Amazon, and refresh the website with new imagery.

Second Place:
Jon Mowl – Play With ASL (Riverside, CA)
Play With ASL is an innovative mobile application designed to make learning American Sign Language (ASL) engaging and accessible through gamification. Founded by a Deaf entrepreneur, the platform addresses gaps in existing ASL education by combining fun gaming elements with structured language learning, catering to diverse learning needs. Jon earned $10,000 for his pitch, which he plans to use to enhance the app’s capabilities by developing additional educational games, integrating Learning Tools Interoperability (LTI) standards for use in educational institutions, and improving user experience. Funds will also support marketing efforts and expand the app’s availability to Android devices, broadening its user base.

Third Place:
Brice Sokolowski – Vaucluse Gear LLC (Scottsdale, AZ)
Vaucluse Gear LLC specializes in innovative backpack ventilation solutions, including attachable ventilation frames, mesh sleeves and ultralight framed backpacks. The company aims to enhance comfort for backpackers by reducing sweating and increasing airflow, all while ensuring quality through American-made products. Brice received $5,000 for his pitch. He will use the prize to support the company’s research and development to advance the next version of their ventilation frames, helping accelerate the design process by six months. The funding will also aid in building brand awareness.

“Congratulations to the winners of our 60th Anniversary Pitch Competition event in Los Angeles,” said SCORE CEO Bridget Weston. “It takes ingenuity, passion and dedication for small business owners to succeed. SCORE is honored to provide mentorship and resources to our pitch contestants, just as we have for more than 17 million entrepreneurs over the past 60 years.”

As part of the pitch competition, contestants were matched with one of SCORE’s free, expert business mentors to guide them to prepare and deliver a compelling pitch.

Judging criteria included the effectiveness of the presentation, brand identification, uniqueness and viability of the product or service, the thoroughness of the business plan, scalability and any sustainability or social impact. Financials were also assessed on overall potential.

Shellie Peters, Head of Benefits and Charitable Giving at Global Atlantic, said “Global Atlantic is thrilled to support SCORE’s pitch competition and is committed to fostering the growth of small businesses that contribute to the economic landscape of this dynamic city. We applaud all participants for their creativity and determination and look forward to seeing their positive impact on the Los Angeles community.”

The 10 finalists from the Los Angeles event also included:

Donna Lee – R-YOLO (Harvard, MA)Max Goldberg – Shuki (Los Angeles, CA)Alejandra Garcia – Moon & Milk (Los Angeles, CA)Melody Brown – L&M Hair Company (Portland, OR)Chris Sward – LA Cleaning LLC (Lawndale, CA)Danika Frandsen – Baby Steps Concierge Nursing (Camarillo, CA)Anastasia Miles – The City Loo (Kirkland, WA)

In addition to Los Angeles, regional contests were held in Philadelphia on Aug. 28 and in Des Moines on Sept. 12. A nationwide virtual competition took place Sept. 17-19. The final event in the series will be held on Oct. 3 in Houston. In total, SCORE’s 60th Anniversary Pitch Competition will award $175,000 to 15 winning small businesses.

For more information or to download photos of the Los Angeles event, click here for the press kit.

To schedule interviews with winners of SCORE’s 60th Anniversary Pitch Competition, finalists, mentors, or representatives from SCORE, please contact teamscore@redbanyan.com.

To learn more about SCORE, request a mentor or volunteer to be one, visit score.org.

About SCORE

Since 1964, SCORE has helped more than 17 million entrepreneurs start, grow or successfully exit a business. SCORE’s 10,000 volunteers provide free, expert mentoring, resources and education in all 50 U.S. states and territories. Visit SCORE at score.org.

Funded [in part] through a Cooperative Agreement with the U.S. Small Business Administration.

Media Contact
Maria Coder, SCORE, 954-379-2115, teamscore@redbanyan.com

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