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Cyngn Expands Autonomous Tugger Adoption with Fortune 100 Heavy Equipment Manufacturer

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The existing customer expands autonomous material handling to an additional production workflow at its facility.

MOUNTAIN VIEW, Calif., Sept. 29, 2026 /PRNewswire/ — Cyngn (NASDAQ: CYN) today announced a follow-on order for its DriveMod Tugger from a Fortune 100 heavy equipment manufacturer. The additional deployment will support a new material-handling application at the customer’s heavy equipment manufacturing facility, expanding an existing relationship with Cyngn.

“For large manufacturers, repetitive material movement can create costs that extend beyond the labor required to move materials. Parts must arrive wherever they are needed, whenever they are needed, without disrupting production. Automating these movements can help facilities reduce logistics costs, improve material flow, and free employees to focus on other responsibilities,” said Lior Tal, CEO of Cyngn.

The expansion builds on the manufacturer’s earlier adoption of Cyngn’s autonomous vehicle technology. The new application will support the movement of components to a heavy-equipment assembly line, extending automation into another part of the customer’s manufacturing operations.

The follow-on order also illustrates how an initial deployment can create opportunities for broader adoption. Once a manufacturer has introduced autonomous vehicles into its operations, additional applications can be evaluated using the experience, infrastructure, and operational knowledge established through earlier deployments.

This approach is central to Cyngn’s commercial strategy: helping manufacturers identify a practical starting point for automation, establish its value, and expand into additional workflows and facilities as their needs evolve.

The DriveMod Tugger is designed for repetitive material transport in industrial environments, with a towing capacity of up to 12,000 pounds. Its autonomous navigation technology allows manufacturers to automate suitable routes without installing fixed guidance infrastructure, such as magnetic tape or guide wires.

Cyngn is withholding the manufacturer’s name for competitive reasons, including the potential disclosure of commercially sensitive information regarding the manufacturer’s operational efficiency and automation strategy.

Find Your First Route to Automation

Manufacturers interested in exploring a similar approach can begin by identifying a repetitive material-handling route that may be suitable for automation. Cyngn’s EasyLaunch program is designed to help companies automate a defined workflow, measure its value, and expand when the application makes economic sense.

See if your route qualifies for automation: https://www.cyngn.com/resources/route-assessment

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.

The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years.

Investor Contact:
Natalie Russell
Chief Financial Officer
investors@cyngn.com 

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

Where to Find Cyngn:

Online: https://cyngn.comX: https://x.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngn

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 27, 2026, and subsequent quarterly reports on Form 10-Q. 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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Convr® Launches Scout to Help Insurers Underwrite Small Commercial Faster with Greater Insights

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CHICAGO, Sept. 29, 2026 /PRNewswire/ — Convr®, the leader in AI for commercial insurance, today announced Scout, a new feature within the Convr AI Underwriting Workbench Answers module that helps insurers uncover hard-to-find business data and write small commercial risks faster.

Many small businesses such as landscapers, contractors, food trucks, and other Main Street operations have limited digital footprint. That absence of information has traditionally meant slower reviews, more manual research, and higher uncertainty about whether a business and its exposures are what the submission claims.

“Scout closes the knowledge gap on insureds, from open question to decision-ready,” said Harish Neelamana, Founder, President and Chief Product Officer at Convr. “It’s built for insurers writing small commercial risk that want to scale without sacrificing the diligence that comes with truly knowing the account.”

Scout completes an advanced web search with just a business name and address and dives into the Convr Risk Context Engine’s data lake to glean hard to find risk insights in instances where teams lack the supporting forms and documents needed to assess a small business.

Firmographic and exposure items such as business metrics, hours of operation, classifications, property and locations, liens, licenses and violations and more are all generated into a single record with commercial insurance context quickly organized and ready for review.

“You can’t get this data and delivery just anywhere. The information is generated within a single record with commercial insurance context and ready for quote, instead of data hunting and digging through search engines,” said Eli O’Donohue, Head of Data and AI Underwriting Solutions at Convr. “We’re surfacing hard to find data, determining whether the risk fits appetite, and putting a complete view of the risk in a single view, with real commercial insurance context.”

Brokers, carriers, MGAs/MGUs are already adopting Scout to speed up small commercial underwriting without sacrificing the diligence needed to write these accounts confidently. If you too would like to experience Scout within the Convr Answers module, schedule a demo on convr.com, today.

View original content to download multimedia:https://www.prnewswire.com/news-releases/convr-launches-scout-to-help-insurers-underwrite-small-commercial-faster-with-greater-insights-302892287.html

SOURCE Convr

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Insurify Car Surpasses 100,000 Policies as Drivers Turn to Weekly Car Insurance Payments

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As rising costs squeeze budgets, demand climbs for flexible payment, state-minimum coverage that lets drivers get insured from $29 down*

CAMBRIDGE, Mass., Sept. 29, 2026 /PRNewswire/ — Insurify, the leading online insurance marketplace, today announced that Insurify Car, its weekly-pay, state-minimum car insurance program underwritten by partner carriers, has sold more than 100,000 policies since launch.

Rising costs are putting pressure on household budgets and prompting nearly half of financially struggling Americans to adjust the timing of bill payments. Insurify Car removes one of the most common barriers to getting covered: a large down payment. Instead of paying for a month or more of coverage up front, drivers pay for just the first seven days of their policy and can start coverage with as little as $29 down.

“Drivers are juggling monthly and weekly expenses like housing, food, and gas,” said Snejina Zacharia, founder and co-CEO of Insurify. “Nearly a third have income that varies from month to month. After 250 million quotes, we learned that frequently, the barrier to coverage isn’t the rate — it’s paying a month or more up front. Insurify Car lets drivers pay for a week of coverage at a time so they can get insured today and stay insured on a schedule that matches how they actually get paid.”

The states where Insurify Car has sold the most policies, including Michigan, Florida, Texas, and Georgia, are also among those with some of the highest car insurance rates in the country. Many customers are drivers balancing coverage against tight budgets. Peyton C., a recent Insurify Car customer, put it simply in their review: “Insurify was there when I needed them at the last minute. Getting insured was simple, quick, and did I mention the price? Affordable and flexible, which is great for someone like me who lives paycheck to paycheck. 10/10 would recommend.”

Insurify Car is now available in Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Tennessee, Texas, and Virginia, representing nearly half of the national driving population. Additional markets are expected to follow.

Drivers can get an Insurify Car quote in approximately two minutes and often buy coverage online in approximately four minutes on Insurify.com, receiving instant proof of insurance. Customers see their policy rate, pay for the first seven days at purchase, and can then enroll in auto pay or pay manually each week through their Insurify Car account. They can manage their policy, access documents, start claims with the underwriting carrier, and cancel coverage at any time.

“We built Insurify Car to allow drivers to get the insurance they need immediately, at a rate that fits their budget and life,” Zacharia said. “Reaching 100,000 distinct policies tells us how many drivers were waiting for exactly that.”

About Insurify:

Insurify is America’s top-rated online insurance marketplace, offering a secure, spam-free way to compare and buy coverage. With a network of 120-plus carrier partners, Insurify empowers consumers to compare auto, home, pet, and renters insurance in minutes, online or with the help of a licensed agent. Since 2016, Insurify’s AI-powered technology has served over 250 million quotes. By using Insurify, customers can save hundreds of dollars annually, with some saving up to 50% on their premiums.

For more information, contact:
jessica.edmondson@insurify.com
Press@Insurify.com
https://Insurify.com

*Price reflects the average of the lowest 10% of down payments and first weekly installments (inclusive of applicable policy fees, whether assessed at binding or within recurring payments) on actual policies bound through Insurify Car between 5/18/26 and 9/15/26. Actual rates, initial payments, weekly installments, fee structures, and billing schedules vary depending on state of residence, individual driver profile, coverage selections, and underwriting insurance provider. Lowest rates do not reflect typical results.

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SOURCE INSURIFY, Inc.

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$1 Billion Paid to Agents: How United Real Estate Rewrote the Economics of the Brokerage Industry

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United has paid $1 billion more to its agents from their transaction earnings than commission-split brokerages would have paid

DALLAS, Sept. 29, 2026 /PRNewswire/ — United Real Estate today announced a major milestone: Since their founding, United and its affiliated offices have cumulatively paid $1 billion more in commission earnings to its agents than what those agents would have been paid had they closed transactions at a typical commission-split brokerage.

United calculates that its compensation model returns 21% – 45% more to its agents from real estate transactions.  This is made possible by its model that does not charge agents a commission, but rather takes a flat fee from each transaction, paying agents almost all of the commission earned at closing — 96% to be exact. 

At its core, United Real Estate is built on a simple mission: to improve the financial trajectories of agents’ careers and lives.

“This isn’t theoretical value. It is not a hollow promise of downstream riches that only inure to a few people at the top of the pyramid or worthless restricted stock. It is more cash in our agents’ pockets now,” says United Real Estate Group CEO Dan Duffy.

“This is real money, earned through hard work and paid directly to agents at closing — strengthening families, accelerating long-term wealth creation and supporting retirement security. There is not a more direct, efficient or equitable way to invest in agents and communities than paying agents more of what they earn. Additionally, our agents are best positioned to be the most cost-effective service provider for the buying and selling public. That’s the United difference — and it’s measurable,” added Duffy.

United simply redirects value where it belongs: to the agents who earn it. The firm’s model eliminates financial and operational inefficiencies that bog down a brokerage’s ability to maximize agents’ retained earnings and compete for clients selling and buying residential real estate.

Agents working at typical 70/30 or 80/20 commission-split brokerages earn 26% – 46% less than peers at flat-fee brokerages when performing the same work at the same production levels.

The economics of United’s flat-fee model is simple, yet elegant. Economic research consistently shows that earned income paid directly to workers generates additional economic activity in their communities. Using conservative income‑multiplier assumptions commonly applied by economists and federal agencies, $1 billion in direct payouts can reasonably support approximately $2.0 billion in total local economic activity.

These are dollars that:

Pay mortgagesFund college educationSupport local businessesCreate jobsBuild retirement portfoliosSupport the communityExpand the tax base

About United Real Estate

United Real Estate (United) – a division of United Real Estate Group – was founded with the purpose of offering solutions to real estate brokers and agents in the rapidly changing real estate brokerage industry. United provides the latest training, marketing and technology tools to agents and brokers under a flat-fee, transaction-based agent compensation model. By leveraging the company’s proprietary cloud-based Bullseye™ Agent & Broker Productivity Platform, United delivers a more profitable outcome for agents and brokers. United Real Estate operates in 37 states with 170 offices and more than 22,600 agents. The company produced over 74,000 transactions and $30.3 billion in sales volume in 2025. For more information, visit our official newsroom and access the full press release, multimedia assets and our latest news at the official United Newsroom.

About United Real Estate Group

United Real Estate Group (UREG) operates United Real Estate and United Country Real Estate, addressing the unique market needs of suburban, major metropolitan, urban and rural markets. Utilizing the cloud-based and recently AI-enabled Bullseye™ Agent & Broker Productivity Platform, UREG offers the latest training, marketing and technology tools, producing a significant competitive advantage. The platform realizes over a decade-long investment in data and brokerage technology services and is powered by a 2.6 million listings data warehouse, generating over 3 million monthly visitors and 30,000+ leads per year. Together, the United Real Estate Group supports more than 600 offices and 24,500 real estate and auction professionals across four continents. United Real Estate Group produced 91,700 transactions and $37.0 billion in sales volume in 2025. Through its in-house advertising agency, UREG offers differentiating marketing support and collateral for specialized lifestyle property websites as well as access to a 800,000+ opt-in buyer database. For more information about United Real Estate or United Country Real Estate, please visit UnitedRealEstate.com or UnitedCountry.com.

To learn more about United Real Estate, brokerage succession planning, brokerage valuation and sale or franchising opportunities, visit GrowWithUnited.com. Agents interested in learning about career opportunities with United Real Estate can visit JoinUnitedRealEstate.com.

Media contact:

April Gonzalez
Media & Investor Relations
AGonzalez@UnitedRealEstate.com
504-237-3500

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SOURCE United Real Estate

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