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Cyngn Inc.
3/23/2022
Greetings and welcome to Syngin's fourth quarter and year-end 2021 financial results. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Press star 1 on your touchstone phone to queue up for a question now. To remove your question, you can press star 2 on your touchstone phone. If anyone should require operator assistance during the conference, please press star 0 on your telephone. Please note that this conference is being recorded. I will now turn the conference over to your host, Caroline Sohn of the Equity Group. Thank you. You may begin.
Thank you, Operator, and hello, everyone. Thank you for joining us. The press release announcing Syngin's results for the fourth quarter and year ended December 31, 2021, is available at the Investors section of the company's website at investors.syngin.com. A replay of this broadcast will also be made available on the website after the conclusion of this call. Of note, for those of you who have dialed into the call by phone, we are planning to broadcast a short video presentation before management's prepared remarks and encourage you to also log into the webcast to be able to see Syngin's technology in action and hear some of the things the company's customers are saying about how Syngin is revolutionizing the way they operate. You will also have some time to access the webcast now as I go over the Safe Harbor information. To do so, please go to the events and presentations page of the company's IR site at investors.syngin.com. Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contains certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, expect, future, plan, outlook, and will. and include, among other things, statements regarding the company's continued development of the Enterprise Autonomy Suite, or EAS, and its components, growth strategy, ability to deliver sustainable long-term value, ability to respond to the changing environment, operational focus, as well as the impact of the COVID-19 pandemic on the company's business, operations, and financial results. Although the company believes that the expectations reflected in its forward-looking statements are reasonable as of today, Those statements are subject to risks and uncertainties that could cause the actual results to differ dramatically from those projected. There can be no assurance that those expectations will prove to be correct. Information about the risks associated with investing in Syngin is included in the filings with the Securities and Exchange Commission, which we encourage you to review before making an investment decision. The company does not assume any obligation to update any forward-looking statements as a result of new information, future events, changes in marketing conditions, or otherwise, except as required by law. On today's call, the company's chairman and CEO, Lira Tal, will discuss recent operating highlights. Chief Financial Officer Dawn Alvarez will follow with a review of the company's financials for fourth quarter and year-end 2021. Lira will return to make a few concluding remarks before opening the floor for questions. With that, let's begin with the video presentation. Thanks, everyone.
Hello, my name is Lior Tal and I'm the CEO of Syngen. For the past few months, we've been developing our partnership with the Columbia Vehicle Group, a leading industrial vehicle manufacturer. Their stock chaser is one of the most widely used industrial vehicles in the material handling space. You can find it in thousands of industrial sites throughout the U.S. and across the world. By adding St. John's DriveMod autonomous vehicle technology to stock chasers and other industrial vehicles, we're transforming the way material handling and logistic organizations get work done. Our autonomous vehicles help them overcome labor shortages, increase safety, and reduce their costs. In November, we deployed autonomous stock chasers to a warehouse operated by Global Logistics and Fulfillment. For our earning call today, we thought it would be useful to get representatives from both Global Logistics and Fulfillment and Columbia to tell you a little bit more about the Syngent Partnership, our autonomous vehicle technology, and the value these relationships are already bringing to both organizations. Please enjoy.
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