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Cyngn Highlights Evolution of Industrial AI from Pilot Programs to Operational Infrastructure

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MOUNTAIN VIEW, Calif., June 10, 2026 /PRNewswire/ — Cyngn (NASDAQ: CYN) today highlighted what it believes is a broader shift underway in industrial AI adoption, as organizations increasingly evaluate autonomous vehicle technology as operational infrastructure rather than isolated pilot projects.

Across manufacturing facilities, warehouses, distribution centers, and other industrial environments, autonomous systems are increasingly being assessed based on scalability, operational impact, and long-term deployment potential. As a result, conversations around autonomy are shifting from proof-of-concept validation toward implementation strategies capable of supporting enterprise-wide operations.

“We’re seeing a meaningful change in how industrial organizations approach autonomy,” said Marty Petraitis, Vice President of Sales at Cyngn. “A few years ago, many conversations centered on whether autonomous vehicle technology could work in a specific environment. Today, more organizations are focused on how quickly autonomy can be deployed across facilities, workflows, and operations once value has been demonstrated.”

Cyngn has observed growing interest in multi-vehicle deployments and broader operational rollouts as industrial organizations evaluate how autonomous vehicle technology can be integrated into long-term automation strategies. The company’s commercial pipeline currently spans nine industry verticals.

This evolution mirrors a common technology adoption pattern in industrial environments. Organizations often begin with a contained deployment before expanding successful solutions across additional routes, workflows, facilities, and business units.

Cyngn believes autonomous vehicle technology is increasingly being evaluated alongside other forms of industrial automation as organizations seek to improve operational efficiency, address labor challenges, and increase throughput.

Over the past year, Cyngn expanded deployments with customers including G&J Pepsi while extending its reach into agriculture through Chandler Automation. The company also reported growth in DriveMod Tugger bookings during 2025, reflecting increasing adoption across manufacturing, logistics, and industrial environments.

“Industrial operators are becoming more sophisticated in how they evaluate autonomy,” Petraitis added. “The discussion is increasingly centered on repeatability, scalability, and long-term operational value. We believe that reflects a maturing market and a growing understanding of where autonomous vehicle technology can deliver meaningful results.”

About Cyngn

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents.

Cyngn’s DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers.

Investor Contact:
Natalie Russell
CFO
investors@cyngn.com

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

Where to Find Cyngn:

Website: https://cyngn.comX: https://x.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhq

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 Securities and 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 26, 2026. 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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SOURCE Cyngn

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Med-Metrix Enters Into Definitive Agreement to Acquire CanAide to Enhance Patient Access and Revenue Cycle Performance

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PARSIPPANY, N.J., June 10, 2026 /PRNewswire/ — Med-Metrix, LLC (“Med-Metrix”), a leading provider of end-to-end technology-enabled revenue cycle management (RCM) solutions backed by Harvest Partners and A&M Capital Partners, today announced it has entered into a definitive agreement to acquire CanAide, Inc. (“CanAide”), a provider of Medicaid eligibility and enrollment services and RCM automation solutions owned by HCAP Partners. The transaction is subject to customary closing conditions.

The acquisition reflects Med-Metrix’s continued investment in building a fully integrated, end-to-end revenue cycle platform, leveraging existing front-end capabilities to strengthen patient access and early-stage financial engagement. The addition of CanAide enhances Med-Metrix’s ability to identify coverage opportunities, including Medicaid eligibility, improve affordability pathways, and increase overall net revenue yield for Med-Metrix’s growing list of health system clients.

CanAide focuses on helping providers and patients navigate complex patient access and reimbursement processes, including eligibility determination, enrollment support, and financial clearance. The company’s solutions are designed to enhance reimbursement outcomes for providers while improving access to care for patients. Leveraging a combination of experienced personnel and data-driven processes, CanAide enables these healthcare organizations to operate more efficiently, capture revenue more effectively, and deliver a more seamless patient financial experience.

CanAide’s cloud-based automation solutions also help reduce administrative burdens for providers, create significant efficiencies, and improve the accuracy of critical processes across the revenue cycle. Integrated into Med-Metrix’s operator-led model and existing automations suite, these capabilities are expected to meaningfully improve operational and financial performance for Med-Metrix’s clients.

“We are excited to welcome CanAide to Med-Metrix as we continue to expand the reach of our end-to-end platform,” said Joseph Davi, Founder and CEO of Med-Metrix. “This transaction strengthens our ability to connect patient engagement with financial performance and deliver even better outcomes for our clients.”

“CanAide enhances how we support clients at one of the most critical points in the revenue cycle: the front-end,” said Rob Wright, Co-President of Med-Metrix. “With these capabilities, including their impressive automations solutions, we can better identify coverage opportunities, streamline workflows, and improve performance from the start of the patient journey.”

“We are pleased to support Med-Metrix in this strategic acquisition,” said Lucas Rogers, Partner at Harvest Partners. “CanAide will strengthen the platform by extending its reach in front-end RCM, while adding automation capabilities that enhance efficiencies across the revenue cycle. This partnership will position Med‑Metrix to continue executing on its growth strategy through a combination of organic initiatives and targeted acquisitions.”

About Med-Metrix

Med-Metrix is a leading technology-enabled platform providing end-to-end RCM and Business Intelligence solutions for health systems and physician groups across the United States. The Company combines proprietary technology with deep operational expertise to drive measurable financial and operational outcomes.

About CanAide

CanAide, a portfolio company of HCAP Partners, provides technology-enabled services that help healthcare providers improve patient access and optimize their front-end revenue cycle performance. The company streamlines eligibility screening, enrollment, and financial approval processes, increasing patient participation in available assistance programs. By combining specialized expertise with workflow automation, CanAide reduces administrative burden, enhances reimbursement outcomes, and delivers a more seamless patient experience.

About Harvest Partners

Founded in 1981, Harvest Partners is an established private equity firm with over 40 years of experience investing in middle-market companies and partnering with high-quality management teams to build growing businesses. The firm invests in service-oriented business across four core sectors: business services & industrials, commercial services, consumer services and healthcare services. This strategy leverages Harvest Partners’ multi-decade experience in financing organic and acquisition-oriented growth opportunities. The firm has ~$20 billion in assets under management as of December 31, 2025. For more information, please visit www.harvestpartners.com.

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SOURCE Med-Metrix, LLC

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American Academy of Ambulatory Care Nursing Unveils Center for Innovation and Excellence, Announces Partnership with Oculi Data, LLC

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PITMAN, N.J., June 10, 2026 /PRNewswire/ — The American Academy of Ambulatory Care Nursing (AAACN) has launched its Center for Ambulatory Care Nursing Innovation and Excellence, a national initiative to boost innovation, visibility, and excellence in ambulatory care. AAACN has also partnered with Oculi Data, LLC, a leader in healthcare analytics and outcomes measurement.

As ambulatory care becomes the dominant U.S. healthcare setting, nursing still lacks visibility and standardized outcomes. Despite their role in improving quality of care, ambulatory care nurses lack the data infrastructure needed to prove the impact of their interventions.

“This launch marks a pivotal moment for our profession,” said AAACN President Andrea Petrovanie-Green, MSN, APRN, ACNS-BC, AMB-BC. “Ambulatory care nurses are essential to the health of individuals and communities. AAACN’s Center will give our specialty the platform, tools, and evidence needed to measure ambulatory care nursing’s impact in health outcomes.”

Key priorities include:

Developing and testing an ambulatory care–specific nursing taxonomy;Linking nursing care to measurable outcomes;Creating national benchmarks and standards; andEnsuring nursing representation in the evolving field of artificial intelligence

Partnership with Oculi Data, LLC

AAACN’s partnership with Oculi Data will accelerate the development of national ambulatory care measures, analytics, and benchmarking tools. Oculi Data brings extensive expertise in healthcare quality measurement through its founder Teresa (Terry) Anderson, EdD, MSN, RN, NE-BC.

“Oculi Data is a company built by a nurse, for nurses. Our mission is to provide well-designed, convenient, and affordable benchmark comparisons to facilities of any size. We know that nurses and organizations demonstrate excellence in nursing care, now they have the data to prove it.” said Anderson. “This partnership will benefit both organizations and propel measurement forward across all ambulatory care settings.”

ABOUT OCULI DATA

Oculi Data is a web-based, cost-effective national benchmarking database for healthcare facilities to compare nurse-sensitive quality outcomes with comparative units. As a privately owned company, Oculi Data prioritizes serving the nursing community with simplicity, transparency, and respect.

ABOUT AAACN

AAACN is the premier professional organization for practicing nurses and nurse leaders specialized in serving people in community and ambulatory care settings. Dedicated to Shaping Care Where Life Happens, AAACN advances holistic and evidence-based care and advocates for the nurses’ essential role in improving the health of our nation.

Media Contact

Sandra Selzer, MSHQ

Chief Executive Officer, AAACN

Sandra.selzer@aaacn.org

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SOURCE American Academy of Ambulatory Care Nursing

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Optimus Energy Solutions Acquires South Carolina EV Fast-Charging Network

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ORLANDO, Fla., June 10, 2026 /PRNewswire/ — Optimus Energy Solutions (OES) has acquired and will continue operating a major electric vehicle fast-charging network in South Carolina. Originally developed through a Duke Energy pilot program approved by the South Carolina Public Service Commission, the network includes 52 DC fast charging stations across 26 locations throughout South Carolina. Many of these charging stations serve rural communities and are located along major travel corridors. As Duke Energy’s pilot program reached its planned conclusion, OES stepped in to preserve the infrastructure through private ownership and long-term operation. 

Over a 2-week transition process, the stations were migrated to the ChargePoint® network to improve visibility and accessibility for EV drivers. OES says it plans to operate and maintain the network for decades to come as EV adoption continues to grow throughout the Southeast. South Carolina has over 20,000 registered EV’s on the road today.

“We are dedicated to expanding and maintaining the US’s critical energy infrastructure. This acquisition demonstrates our commitment to and long-term investment in EV charging access,” said Ben Pauluhn, President of Optimus Energy Solutions. “These stations provide critical charging access across South Carolina, particularly in rural areas where reliable infrastructure is essential for EV drivers.”

The acquisition reflects Optimus Energy Solutions’ broader focus on expanding access to EV charging infrastructure and energy production throughout the Southeast United States. Headquartered in Central Florida, Optimus Energy Solutions has spent nearly a decade building and supporting EV charging and renewable energy projects across Florida, Georgia, Virginia, Alabama, and the Carolinas. The company brings extensive regional experience to the long-term operation and maintenance of critical charging infrastructure.

For more information, please contact Ali Bias, AP Creative Branding Studio, ali@apcbs.com.

About Optimus Energy Solutions:

Based in Central, FL, Optimus Energy Solutions was founded to make renewable energy and EV charging accessible to individuals and businesses throughout Florida and the Southeast. The company specializes in EV charging solutions with an emphasis on long-term maintenance and up-time. They also specialize in commercial, municipal, and residential solar PV solution. For more information, please visit OptimusEnergySolutions.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/optimus-energy-solutions-acquires-south-carolina-ev-fast-charging-network-302796213.html

SOURCE Optimus Energy Solutions

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