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Cyngn Successfully Completes Initial Deployment of DriveMod Tugger with Major Defense Contractor

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MENLO PARK, Calif., Nov. 1, 2024 /PRNewswire/ — Today, Cyngn Inc. (Nasdaq: CYN) announced that it successfully deployed its DriveMod Tugger at a defense contractor’s facility.

While details are not being disclosed for security reasons, the engagement highlights the applicability of Cyngn’s autonomous vehicle technology to address the rigorous operational needs of defense industry manufacturing applications, which can be particularly stringent work environments with high associated costs.

The aerospace and defense industry continues to be a significant economic force in the United States. In 2023, the industry generated an impressive $955 billion in total business output, showcasing its substantial impact on the economy. The sector employs over 2.2 million people, representing about 1.4% of the nation’s total employment base.

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

Investor Contact:
Don Alvarez, CFO
investors@cyngn.com

Media Contact:
Luke Renner, Head of Marketing
media@cyngn.com

Forward-looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including the risk factors described from time to time in the Company’s reports to the Securities Exchange Commission (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. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.

 

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Blanchard Celebrates 45 Years of Empowering Leadership and Organizational Success

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SAN DIEGO, Nov. 1, 2024 /PRNewswire/ — Blanchard®, a global pioneer in leadership development, consulting, and coaching, proudly announces the celebration of its 45-year anniversary. Ken and Margie Blanchard founded the company in 1979 with three simple goals: to make a positive difference in people’s lives, drive human worth and effectiveness in the workplace, and help each client organization become the provider, employer, and investment of choice.

Since its founding, Blanchard has been at the forefront of transforming leaders and organizations through innovative programs, contextualized learning journeys, and coaching designed to foster personal and professional growth.

Over the past 45 years, Blanchard has equipped thousands of organizations across industries with the tools to lead effectively and create lasting impact. With a strong commitment to helping individuals and teams unlock their full potential, the company’s programs have been trusted by Fortune 500 companies, government institutions, and nonprofit organizations worldwide.

“Reaching 45 years is a significant milestone for Blanchard,” says Scott Blanchard, CEO of Blanchard. “It’s a testament to the dedication of our team, the strength of our partnerships, and our unwavering focus on empowering leaders. We’re incredibly proud of the positive change we’ve helped bring to organizations over the years and look forward to continuing our mission for many more.”

Debbie Ung, President, says, “I’m proud of how our company has continually transformed to meet the needs of learners and we remain committed to providing dynamic new learning options to support our vision of leaders powered for good.”

Margie and Ken Blanchard say, “Growing this company has been a constant challenge to remind us to walk our talk. And to think that 45 years have passed. Unbelievable!”

Blanchard’s signature programs, including SLII®, have empowered leaders to adapt their styles to meet the needs of their teams, driving engagement and results. As leadership development evolves to meet the demands of a fast-changing global landscape, Blanchard remains committed to developing new methodologies and tools to serve the next generation of leaders.

For more information about how Blanchard can help your organization thrive, please visit www.blanchard.com.

About Blanchard
Blanchard is a global leader in leadership development, consulting, and coaching. For more than 40 years, Blanchard has partnered with organizations to maximize individual achievement and organizational performance, bringing measurable progress and true transformation. Blanchard’s SLII® is the global leadership model of choice, powering inspired leaders for more than 10,000 organizations worldwide. Blanchard also offers a suite of award-winning solutions through flexible delivery modalities to meet the specific needs of clients and learners. Discover more at www.blanchard.com.

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PKF O’Connor Davies Publishes 20th Annual Architectural and Engineering Studies

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Reports provide industry benchmarking data, trends and insights impacting firm profitability and productivity

NEW YORK, Nov. 1, 2024 /PRNewswire-PRWeb/ — PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the release of its 20th Annual Architectural and Engineering Studies. Based on 2023 financial and operational data provided by a sample of participating architectural and engineering (A&E) firms, the studies reflect the state of the industry and enable firms to benchmark their performance against others as they seek ongoing profitability and growth.

For the first time, the studies provide a historical perspective, highlighting key milestones and industry trends that have shaped the A&E landscape over the past two decades. They also include firms’ current and future use of artificial intelligence, as well as expert insights on emerging trends. The studies present several key takeaways for the A&E industry, including:

During 2023, profit as a percentage of net fee income reached its highest level in the past five years.Firms’ billing multiple increased slightly as they continued their focus on project management efficiencies.Firms’ breakeven multiple and overhead rate continued their upward trend, driven by increases in indirect labor, employee and fringe benefits, and computer and IT investments.Raises as a percentage of base compensation remain higher than historical averages, despite a year-over-year decrease.

“We are excited to release the 20th anniversary edition of the Architectural and Engineering Studies prepared by our dedicated team of industry specialists. These studies have provided valuable insights to the A&E industry and allowed firms to benchmark their results so they may assess their performance in order to continue to grow and improve profitability,” said David M. Sullivan, Jr., Partner and Leader of the Architecture & Engineering Practice at PKF O’Connor Davies. “The A&E industry is going through a period of unprecedented changes. To fully capitalize on future opportunities, it’s crucial for industry leaders to have a strong understanding of industry trends.”

To access the 20th Annual Architectural and Engineering Studies, visit https://www.pkfod.com/annual-architectural-study/ and https://www.pkfod.com/annual-engineering-study/.

About PKF O’Connor Davies

PKF O’Connor Davies is a top-tier accounting, tax and advisory practice with a long history of serving domestic and international clients. “Know Greater Value” speaks to the confidence and guidance that our clients realize when they work with us. It reinforces our commitment to delivering the highest levels of value, expertise and service in everything we do. Our clients Know Greater Connections, Know Greater Insights and Know Greater Value. “PKF O’Connor Davies” is the brand name under which PKF O’Connor Davies LLP and PKF O’Connor Davies Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. PKF O’Connor Davies LLP is a licensed CPA firm that provides attest services and PKF O’Connor Davies Advisory LLC and its subsidiary entities provide tax and advisory services.

For more information, please visit pkfod.com, and follow us on LinkedIn and X (formerly Twitter).

Media Contact

Michelle Goyke, PKF O’Connor Davies, 914-341-7615, mgoyke@pkfod.comhttps://www.pkfod.com/

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Ziegler Advises Strata Health Solutions Inc. On Acquisition by VitalHub Corp.

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Ziegler, a specialty investment bank, is pleased to announce its role as exclusive financial advisor to Strata Health Solutions Inc. (“Strata Health”, “Strata” or the “Company”) on its acquisition by VitalHub, a leading software company dedicated to empowering Health and Human Services providers.

CHICAGO, Nov. 1, 2024 /PRNewswire-PRWeb/ — Ziegler, a specialty investment bank, is pleased to announce its role as exclusive financial advisor to Strata Health Solutions Inc. (“Strata Health”, “Strata” or the “Company”) on its acquisition by VitalHub, a leading software company dedicated to empowering Health and Human Services providers.

“Ziegler’s guidance on the presentation of our business, financials, and growth strategy led us to this great outcome. We ultimately could not be happier about the partnership with VitalHub…” said Peter Smith, President and CEO of Strata Health Solutions Inc.

Based in Canada, Strata Health designs, builds, and deploys software that improves access and navigation to care. Strata Health has over 80 health system partners and works with over 500 hospitals to provide over 800 thousand patient transitions annually. The company serves customers in Canada, the UK, the US, and New Zealand with offices internationally.

Strata Health extends VitalHub’s solution set into the electronic referral market, a large and growing market opportunity internationally. Poor transitions of care result in fragmented delivery, unsatisfactory patient outcomes, and billions of dollars of inefficient healthcare system spend annually. Strata Health’s digital suite solves for these problems with solutions like electronic referral, waitlist management, and placement automation.

“Strata Health Solutions offers a comprehensive, technology-driven approach to streamline patient transitions across the healthcare continuum, addressing a critical market need for improved efficiency and patient outcomes. Strata Health’s value proposition lies in its ability to significantly improve patient flow logistics, reduce wait times, minimize unplanned readmissions, and ultimately deliver better patient experiences which are themes we are constantly trying to solve for in today’s healthcare environment. Strata’s partnership with VitalHub will create an incredible opportunity to expand electronic referral solutions internationally” stated Grant Chamberlain, Senior Managing Director in Ziegler’s Healthcare Investment Banking Practice.

“Ziegler’s guidance on the presentation of our business, financials, and growth strategy led us to this great outcome. We ultimately could not be happier about the partnership with VitalHub. We look forward to enhancing our product and market roadmap with the support of the VitalHub platform,” said Peter Smith, President and CEO of Strata Health Solutions Inc.

Ziegler’s Healthcare Investment Banking team is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals, and senior living, Ziegler is one of the most active M&A firms offering differentiated sell-side, buy-side, recapitalization/restructuring, equity private placement, and strategic partnering services.

For more information about Ziegler, please visit us at http://www.ziegler.com.

About Ziegler:
Ziegler is a privately held investment bank, capital markets, and proprietary investments firm. Specializing in the healthcare, senior living and education sectors, as well as general municipal and structured finance, enables Ziegler to generate a positive impact on the clients and communities it serves. Headquartered in Chicago with regional and branch offices throughout the United States, Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading and research. To learn more, visit http://www.ziegler.com.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

Media Contact

Christine McCarty, Ziegler, 3125961617, cmccarty@ziegler.com, www.ziegler.com

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