Lior Tal, Cyngn’s CEO, remarked, “We are pleased to be aligned with HEVI’s vision of sustainable, electric industrial vehicles. Infinitracker expands on Cyngn’s autonomous vehicle offering that is central to our Enterprise Autonomy Suite, which provides customers with valuable data insights that reinforce the connections between our AV and data analytics products with IoT and Industry 4.0.”

Find more information about Cyngn’s Infinitracker here.

About HEVI

HEVI, the clean industrial heavy equipment brand under Greenland Technologies Holding Corporation (NASDAQ: GTEC), produces all-electric, industrial-sized front loaders, excavators and other industrial equipment. HEVI’s strategy is focused on developing and manufacturing clean technology solutions, as well as helping customers transition their fleets to clean vehicles. Find more information at www.gethevi.com.

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).

To learn more about Cyngn’s autonomous vehicle technologies, please visit https://cyngn.com/. Find Cyngn on:

• Website: https://cyngn.com

• Twitter: http://twitter.com/cyngn

• LinkedIn: https://www.linkedin.com/company/cyngn

YouTube: https://www.youtube.com/channel/UCkoWXxftvGOXcJZv_mRH23w

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. 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. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results.