MENLO PARK, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced that Marty Petraitis is joining Cyngn as Vice President of Sales. Petraitis brings over two decades of leadership experience in scaling revenue within technology-driven sectors, including automation, SaaS, and manufacturing systems. In this role, Petraitis will oversee Cyngn's global sales strategy, market expansion, and the adoption of Cyngn's Enterprise Autonomy Suite (EAS) by new organizations.

"Marty is known for his ability to transform sales organizations through value-based strategies. He has a proven track record of accelerating growth across global markets, with particular expertise in industrial automation and enterprise sales," said Cyngn CEO Lior Tal.

Prior to joining Cyngn, Petraitis led sales at Heartland Automation, where he successfully pivoted the company from product-based offerings to high-value, solutions-focused services in the autonomous mobile robotics sector. His leadership in prior roles includes executive positions at Clearpath Robotics/OTTO Motors, Segue Manufacturing Services, and Brooks Automation, where he scaled revenue to over $210M by championing strategic accounts and consultative sales methods. Marty's skill in establishing predictable revenue models, fostering channel partnerships, and aligning marketing with sales strategy has contributed to the success of numerous technology startups and established companies alike.

As Cyngn continues to expand its presence in the autonomous driving software market, the Company is focused on strengthening its sales team to meet growing customer demand. To explore current career opportunities at Cyngn, please visit https://www.cyngn.com/company/careers#current-jobs.

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.com
• Twitter:twitter.com/cyngn
• LinkedIn:https://www.linkedin.com/company/cyngn
• YouTube:https://www.youtube.com/@cyngnhq

Investor Contact:
Don Alvarez, CFO
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Media Contact:
Luke Renner, Head of Marketing
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Forward-looking Statements

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